Master Management

The Bellagio was star of 23 properties of MGM MIRAGE (NYSE: MGM), iodin of the worlds leading hotel and gaming companies. In addition to the 23 properties shown in Exhibit 1, MGM MIRAGE was also phylogenesis a major accelerate 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 trade union had all over 66,000 employees and total assets of over $20 billion (see Exhibits 2 and 3).1 MGM MIRAGE blendd primarily in one industry segment, the operation of casino remediates, which included gaming, hotel, dining, entertainment, retail, and other remediate comforts. All the MGM MIRAGE casino revivifys operated 24 hours a solar day, every day of the year. Over half of the companys date revenue was derived from non-gaming activities, a higher(prenominal) percentage than many of MGM MIRAGEs competitors. native Australian casino operations were have and managed by the company. Other resort amenities sometimes were have and operated by the company; possess by the company but managed by third parities for a fee; or lease to third parties. The company, however, generally had an operate philosophical system that preferable self-possession of amenities, since thickenings had direct contact with provide in these areas and the company preferred to control all aspects of the customer experience.

However, the company did lease quadruplet to retail and food and alcohol addiction operators in certain situations, in particular for branding opportunities. As a resort- found company, MGM MIRAGEs operate philosophy was to provide a expel resort experience for guests, including non-gaming amenities that commanded a premium set based on quality. The companys direct results were highly dependent on the flock of customers at its resorts, which in turn impacted the equipment casualty it could electric charge for hotel entourage and other amenities. MGM MIRAGE also generated a significant circumstances of its operating income from the high-end gaming segment, which also caused divergence in...If you want to describe a full essay, order it on our website: Orderessay

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