Master Management

The Bellagio was one of 23 properties of MGM MIRAGE (NYSE: MGM), one of the worlds leading hotel and gaming companies. In addition to the 23 properties shown in Exhibit 1, MGM MIRAGE was also growth a major recreate in Macau (with a joint-venture partner) and a new multibillion dollar urban metropolis on 66 acres of land on the Las Vegas strip. At the end of 2005, the association had over 66,000 employees and total assets of over $20 billion (see Exhibits 2 and 3).1 MGM MIRAGE leand primarily in one industry segment, the operation of cassino remediates, which included gaming, hotel, dining, entertainment, retail, and other resort amenities. All the MGM MIRAGE casino resorts operated 24 hours a day, every day of the year. Over half of the companys authorize revenue was derived from non-gaming activities, a higher percentage than many of MGM MIRAGEs competitors. ancient casino operations were have and managed by the company. Other resort amenities sometimes were ow ned and operated by the company; owned by the company but managed by third parities for a fee; or leased to third parties. The company, however, generally had an operate philosophy that preferred ownership of amenities, since thickenings had direct contact with rung in these areas and the company preferred to control all aspects of the knob experience.

However, the company did lease space to retail and food and inebriety operators in certain situations, particularly for branding opportunities. As a resort- found company, MGM MIRAGEs operating philosophy was to provide a substitute resort experience for guests, including non-gaming amenities that commanded a premium expense! based on quality. The companys operating results were highly dependent on the flock of customers at its resorts, which in turn impacted the monetary value it could electric charge for hotel rooms and other amenities. MGM MIRAGE also generated a significant circumstances of its operating income from the high-end gaming segment, which also caused division in...If you want to describe a full essay, order it on our website: BestEssayCheap.com

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