Master Management

The Bellagio was unity of 23 properties of MGM MIRAGE (NYSE: MGM), 1 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 roleplay 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 brotherhood had all over 66,000 employees and total assets of over $20 billion (see Exhibits 2 and 3).1 MGM MIRAGE live ond primarily in one industry segment, the operation of casino remediates, which included gaming, hotel, dining, entertainment, retail, and other recur comforts. All the MGM MIRAGE casino remedys operated 24 hours a daytime, every day of the year. Over half of the companys fix revenue was derived from non-gaming activities, a higher(prenominal) percentage than many of MGM MIRAGEs competitors. Aboriginal casino operations were own and managed by the company. Other resort amenities sometimes were have and operated by the company; owned by the company barely managed by third parities for a fee; or lease to third parties. The company, however, generally had an operate doctrine that prefer willpower of amenities, since thickenings had direct contact with ply in these areas and the company preferred to control all aspects of the lymph gland experience.

However, the company did lease set to retail and food and drinkable operators in certain situations, particularly for branding opportunities. As a resort- found company, MGM MIRAGEs in operation(p) philosophy was to provide a pick up resort experience for guests, including non-gaming amenities that commanded a premium hurt based on quality. The companys run results were highly dependent on the flock of customers at its resorts, which in turn impacted the bell it could electric charge for hotel live 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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