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Company Analysis ( MGM Resorts) - Essay Example

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The primary business in the MGM is the ownership and operation of the casino resorts that entails hotel, gaming, dining, convention, retail entertainment, and other resort facilities. There is a belief by the top management of the MGM that it owns and invests in various segments…
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Company Analysis ( MGM Resorts)
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Download file to see previous pages There is a significant dependence on the ability of the standard resorts to generate the operating cash flow to repay the fund capital expenditures, financial debts and the provision for the excess cash flow for future economic growth and development. In the MGM resorts, there have been significant investments in standard procedures for adding entertainment, new restaurants, nightlife promotions, as well as other new characteristics and facilities. Moreover, there has been a regular capital investment to maintain the standard qualities of the hotel rooms and the civic spaces.
The generation of cash flows by the standard domestic resorts of MGM in the year 2012 advanced than the previous year and the year 2010 and there is an expectation that the efficient and effective trend will continue into the coming years despite the constant economic declines. The visitation to the Las Vegas rose significantly up to 2 percent in the year 2012, and the room inventory has been optimum with inadequate new rooms supply planned in the recent years.
. Despite the constant concerns, concerning the economic instability in the state of China, and the accomplishment of the latest smoking limitations in Macau there is an expectation that the Macau market platform should continue to expand or rather grow. In the year 2012, the speed of growth declined a little bit but the casino revenue for the Macau market still raised over 14 percent in the year 2011. It shows that over the years of the development of the MGM resort it has been consistently making profits no matter the challenging conditions of the current market.
It is due to the competence of the top management that strives to maintain a competitive advantage. The competitive advantage is constant at the MGM resort due to the facts that it actually considers the welfare of its customers (Vogel, 2001). Most of the customers at the MGM resort prefer value to the price ...Download file to see next pages Read More
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