Vacation Destinations When someone mentions the word vacation I am always ready to go! Vacation is a time for shopping‚ fun and relaxation. Some of my favorite vacation destinations include the Las Vegas strip‚ New York City and of course the beach in Destin‚ Florida. There is one thing about Vegas‚ you will never be bored. It is not called the city that never sleeps for nothing. The dark sky on the strip is lit bright by the neon lighting that makes your eyes squint. Step in the casino and
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year. In September 1989‚ MGM announced plans to build a 700-million dollar Hollywood-themed complex‚ which would include a 4‚000-room hotel and a theme park. The 90’s Construction on the Hollywood-themed complex‚ which included the MGM Grand Las Vegas and the MGM Grand Adventures‚ began in 1991 and finished up and opened it’s doors in 1993. In 1995‚ MGM bought Diamond Beach Hotel and Casino in Darwin‚ Australia which was renamed MGM Grand Darwin. MGM later sold the subsidiaries that owned and
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Threat of New Entries New entries to the industry threaten to limit the profitability of established competitors (Porter‚ 2008‚ p.3). One luxury that commercial casinos have is that there are significant barriers to entry‚ namely high capital requirements. Because of this‚ threats to the industry have historically been few and far between. But thanks in large part to increasing popularity and technological advancement‚ new competition in the gambling industry has emerged in the form of Native American
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2008‚ revenues from Conventions have decreased dramatically and have not fully recovered. Trade shows‚ associations and corporations traditionally paid a premium to meet in Las Vegas. Now with fewer organizations meet in Las Vegas‚ they can now negotiate lower prices. There are now increased leisure travelers going to Las Vegas to fill discounted rooms but does not help you increase revenue much as they do not like to spend money on your high end shopping and dining venues. Americans are also deciding
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provider and choice of elite‚ Luxurious casino and resort experiences worldwide.” (Mathlouthi‚ “Wynn Resorts”) Wynn resorts utmost essential operational strength is the founder himself‚ Steve Wynn. Mr. Wynn has over thirty years of experience in Las Vegas. His prime connections‚ alliances and expertise within the industry that he holds‚ cannot be easily replaced. The CEO’s immersion with the company delivers an exclusive distinctive advantage. Having an expert in this field provides the resort with
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William Hammond Fire 2 Prevention Report Sam Lanier 24 March 2011 MGM Grand Fire and Subsequent Code Changes On the Morning of November 21‚ 1980‚ a fire burned that killed 85 people‚ and ultimately injured more than 700 others. Typically‚ it has come to be known that in order for a new law‚ regulation‚ and/or ordinance to be put into place‚ there has to be a previous event that causes death or injury‚ makes the news‚ or basically anything that stirs the voices of the public. The 1980 MGM Grand
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cost cutter and William N. Pennington purchased Circus Circus in 1974 as a small and unprofitable casino. It went public in 1983‚ from 1993 to 1997; the average return on capital invested was 16.5%. Circus Circus operates several properties in Las Vegas‚ Reno‚ Laughlin‚ and one in Mississippi‚ as well as 50% ownership in three other casinos and a theme park. On January 31‚1998 Circus reported net income of 89.9 million and revenues of 1.35 billion‚ this is a down from 100 million on 1.3 billion in
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Business Tourism Assessment 1 Introduction Business Tourism may bring a lot of benefits to a destination. To be a successful business tourism destination‚ different cities around the world will bring out some unique components to attract business travelers and develop their MICE industry. As the business tourism is different to the leisure tourism‚ there are many factors that should be considered for the business travelers due to the stable of the business tourism. To extend the business
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efforts on in order to preserve their two largest revenue sources: the Wynn Las Vegas and Macau? Mr Steven Wynn pursued his fervor as an entrepreneur and has changed the style of resorts and gaming. He is the most talented casino gamer in the world since long. He has made himself such a name in the gaming world that can never be out placed by anyone in the world. He is the same person who developed the casino at Las Vegas which is a million dollar market today. The most powerful Wynn Resort company
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than any other casino resort in the world. Recently‚ Steve Wynn has taken his brand global by building in Macau‚ China. With the opening of the Wynn and Encore Towers‚ Steve Wynn has proven that upscale gambling can be accomplished outside of Las Vegas. Steve Wynn’s marketing strategy is to emphasize the quality of service provided in the most luxurious accommodations imaginable. Everything from golf to shopping to wedding ceremonies‚ and gambling of course‚ is available at Wynn Resorts. The management
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