Competitive Analysis Wynn Resorts - 1001 Words

Competitive Analysis The strategy would be to expand into the already lucrative Macau casino market with one of are most successful casino/resort in the Las Vegas area, the Bellagio. MGM already has a foothold hold in Macau Market, which is provided due to a partnership with Pansy Ho and the successful MGM Macau. The main competition in this area is: Las Vegas Sands Corp. (LVSC), which have 7 properties in the Macau area, Galaxy Entertainment Group (GEG), which have 3 properties and Wynn Resorts Ltd. (WYNN), which have two. Competitive Environment Competition comes in the form of three Corporations: Wynn Resorts (WYNN), Galaxy Entertainment Group (GEG) and Las Vegas Sands Corp. (LVSC). All three have laid claim to success in the Macau casino market, with annual gambling revenues of more than $13B, it is the largest casino gambling jurisdiction in the world (gaming.unlv.edu, 2015). Wynn Resorts (WYNN) is a corporation that is publicly traded based out Paradise, Nevada. Steve Wynn founded the company in 2002. WYNN has four casino properties in the world; two based in Las Vegas and two in Macau. The Las Vegas properties are the Wynn Las Vegas Resort and Country Club and the Wynn Encore. Their Macau properties are the Wynn Macau Resort and the Encore at Wynn Macau. Wynn is traded on the NASDAQ exchange and as of 9/9/15; stock was listed at $74.88 (phx.corporate-ir.net, 2015). The Wynn Las Vegas generated $528M in earnings before income, taxes, depreciation, andShow MoreRelatedCompetitive Analysis : Wynn Resorts Essay856 Words   |  4 PagesCompetitive Analysis The strategy would be to expand into the already lucrative Macau casino market with one of are most successful casino/resort in the Las Vegas area, the Bellagio. MGM already has a foothold hold in Macau Market, which is provided due to a partnership with Pansy Ho and the successful MGM Macau. The main competition in this area is: Las Vegas Sands Corp. (LVSC), which have 7 properties in the Macau area, Galaxy Entertainment Group (GEG), which have 3 properties and Wynn ResortsRead MorePorters Five Forces on Wynn Resorts746 Words   |  3 Pagesvisit. However, Steve Wynn has made a fortune in Vegas. Pearce Robinson (2013) states, â€Å"From humble beginnings with a family run bingo parlor in Maryland, to Chief Executive Officer and Chairman of Wynn Resorts LTD, premium destination, world class Casinos and Resorts (p. 30-1). Wynn Resorts operates the Wynn Las Vegas and the Wynn Macau, located in the Special Administrative Region of the People’s Republic of China. Prior to thi s, Wynn enjoyed success as leader for Mirage Resorts. He was instrumentalRead MoreResorts989 Words   |  4 PagesWynn Resorts: answer the following questions in APA Format 1. What is the importance of Mr. Steven Wynn himself, to the company? What potential problems could arise if he left the company? 2. What are the strengths and weaknesses of Wynns Macau (Peoples Republic of China) strategy? 3. What are the three main issues that Wynn Resorts must focus their 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 entrepreneurRead MoreWynn Resorts Case Study1697 Words   |  7 PagesEXECUTIVE SUMMARY Wynn Resorts, Ltd. is one of the leading names in casinos and resorts. It is distinguished from its competitors because only Wynn Resorts offers high class service and it offers the most luxurious experience to its customers. The man behind the success of Wynn Resorts, Ltd. is Mr. Stephen Wynn, the CEO. Wynn Resorts, Ltd. owns and operates Wynn Las Vegas and Wynn Macau. Wynn is currently considering plans of expansions in Coati and even here in the Philippines. Wynn is relativelyRead MoreWynn Resort1511 Words   |  7 PagesHistory Wynn Resorts, LTD was formed by former Mirage Resorts Chairman/CEO Steven Wynn on October 25, 2002, who currently serves as the Chairman of the Board and CEO of Wynn. His knowledge of the gambling and casino industry is indispensable to Wynn Resorts, as he is accredited to turning the luxury casino industry in Las Vegas into what it is today. Wynn’s mission is: â€Å"A commitment to providing an elegant environment, high quality amenities, a superior level of service and distinctive attractionsRead MoreInustry Competitor Analysis-Casino Hotel7793 Words   |  32 PagesExecutive Summary The center of our industry and competitor analysis research is MGM Mirage, the second largest casino hotel operator in the world with $7.2 billion in revenues in 2008. The only company that surpasses MGM Mirage by revenue and scale is Harrah’s Entertainment Inc. with $10.8 billion in revenues in 2008. Other competitors that should be considered are Las Vegas Sands Corp. and Wynn Resorts Ltd with respectively $1.7 and almost $1 billion in revenues in 2008. OurRead MoreWynn Resort - Company Analysis4388 Words   |  18 PagesEXECUTIVE SUMMARY Wynn Resorts Limited is a publicly traded corporation based in Paradise, Nevada that is a developer and operator of high end hotels and casinos. It was formed on October 25, 2002 by former Mirage Resorts Chairmen and CEO Stephen A. Wynn. The target client base for Wynn Resorts are affluent individuals who seek the highest quality—Wynn and its sister property Encore hold more Forbes Five Star awards than any other casino resort in the world. Recently, Steve Wynn has taken his brandRead MoreExternal Analysis Of Mgm Resorts International Essay1815 Words   |  8 PagesIII. External Analysis of MGM Resorts International 1. Are any changes taking place in the macro-environment that might have a positive or negative impact on the industry in which your company is based? Apply the PESTEL framework to identify which factors may be the most important in your industry. What will be the effect on your industry? Changes in the macro-environment today that could have effects on the Hotels, Casinos, and Resorts industry would be political things with the recent electionRead MoreMgm Mirage Case Study3781 Words   |  16 PagesNevada. The two people responsible for the start of this empire are Kirk Kerkorian and Steven Wynn. Kirk Kerkorian opened up the first MGM Grand in Las Vegas, Nevada in 1973. Steven Wynn moved to Las Vegas in 1967 and after investing in land on the strip he later opened up the Mirage, followed by Treasure Island and the Bellagio. The MGM Mirage was created during the merger in 2000, and Steven Wynn is no longer affiliated with this company. Since this merger, MGM Mirage has grown and acquiredRead MoreLas Vegas4010 Words   |  17 PagesECON 230: Urban Economics (G2) Term Paper: Business Location Decisions amp; Patterns: An Analysis of the Agglomeration Effects in Las Vegas Table of Contents Introduction 3 Motivation 3 Background and History 3 Las Vegas Strip Today 6 Location Quotient of Las Vegas 7 Development Phases of Las Vegas 8 The First Wave of Development 9 Supply-side Factors 9 Demand-side Factors 10 The Second Wave of Development 11 Demand-side Factors 11 Supply-side Factors 13 Summary

The Government s Freedom Of Press - 974 Words

Since the Turkish state was founded by Mustafa Kemal Atatà ¼rk in 1923, the press in Turkey has never been free. The first government was ruled by the Atatà ¼rk’s party, the Republican People’s Party (CHP), which claimed to be liberal and modernist; however, they made a law which could shut down and /or censor any newspapers which they did not like. (Bulut, 2015). During the CHP era, 130 newspapers and magazines were banned. Although many parties’ names have changed throughout the years, the ruling ideology has been the same. For instance, during the rule of Prime Minister Adnan Menderes (1950 – 1960, Democrat Party), 161 newspapers were banned (YÄ ±lmaz, Doganer, 2007). Unfortunately, today’s freedom of press in Turkey has further worsened. At the end of 2011, 110,000 websites were shut down by the AKP government’s attempts. (Depeli, 2012). Many journalists were arrested, tortured and imprisoned. Most of the cases were associated with t errorism. According to the BIA Media Monitoring Reports, 104 journalists and 30 distributors were imprisoned in 2012. Also 64 of the journalists were Kurdish as well as almost all distributors. (Depeli, 20112). When Atatà ¼rk founded the Republic of Turkey, his ideology was to westernize the country through changing the education and political systems. Even though the majority of the population of Turkey supported the Kemalist (Atatà ¼rkist) ideology today and his â€Å"modern world-view†, they never acknowledge some of the genocides that happenedShow MoreRelatedEgypt s Press Freedom Issue And How The Government Is Responsible1533 Words   |  7 Pagesbeacon, the American press has suffered from scandal, unpopularity and government crackdowns†. In this paper, I will be explaining Egypt’s press freedom issue and how the government is responsible. Egypt is an Arab country located in the corner of North Africa, close to the Middle East. Egypt is a diverse country with many religions, mainly Islam and Christianity. Egyt has a population of over 82 million. Ever since the Arab Spring started in Egypt, attacks on press freedom increased immensely inRead MoreThe Constitution Of The United States Essay1618 Words   |  7 Pagesthe Constitution of the United States. It is designed to protect four basic freedoms: the freedom of speech, freedom of religion, the right to assembly and freedom of the press. When this amendment was drafted by the founding fathers, it was done in response to some of the events that had precipitated the American Revolution. Over time, the interpretation of these freedoms has changed as seen by various actions in government, but especially in rulings from the Supreme Court. The First Amendment hasRead MoreThe Amendment Of The Bill Of Right : Freedom Of Religion And Freedom1460 Words   |  6 Pages Civil liberties are individual freedoms which are protected from the government by the Bill of Rights. There were historical backgrounds to guarantee the freedom. Although they are ruled in the Constitution, it is not easy to protect the diversity and individual freedom in the society, and not all conflicts have been settled today. Yet, people are in a process to improve democratic society which is not a finished product, and freedom in all its forms improves itself over time. I am going to explainRead MoreCensorship And Censorship Of The Internet985 Words   |  4 Pagesaccusations of seditious libel by publishing material against the crooked Governor of New York. Zenger s defense attorney Andrew Hamilton gave his famous speech, in which he said, nature and the laws of our country have given us a right to liberty of both exposing and opposing arbitrary power (in these parts of the world at least) by speaking and writing truth.. This influenced freedom of the press rights and embracing those rights to the constitution (Linder). Recently the issue of Censorship ofRead MoreThe Rights Of The United States883 Words   |  4 Pagescitizens crucial freedoms, which are freedom of speech, freedom of religion, freedom of press, freedom of assembly and freedom of petition. The First Amendment is very powerful and has the ability to protect us but sometime even harm us (for example some of the lawsuits against First Amendment). American citizens have certain rights to be proud that they are Americans. One of this rights is the freedom of speech. The freedom of speech is not only spoken words it s much more than thisRead MoreCensorship Freedom Of The Press1746 Words   |  7 PagesThe press represents the voice of many individuals in the world. Censoring the press would signify the suppression of billions of voices that strive to be heard. Many definitions of press freedom have been provided by different scholars in many different scholarly sources. Dennis and Merrill (1991, p.5) defined freedom of the press as the right to communicate ideas, opinions, and information through the printed world without government restraint. On the other part, Sunwoo Nam and Inhwan Oh (1973Read MoreColombia s Struggle With Domestic Guerilla Groups And Drug Cartels1489 Words   |  6 Pagesor beliefs. Corruption within their own government has left Colombia without legitimate authority; the citizens have nobody to trust, be helped by, or be defended by. Colombia has the potential to institute a stable and effective government, but it has some major complications holding it back. Colombia has been in constant war and armed conflict, domestic and foreign, since the early 19th century; to make matters worse, corruption within their own government has left Colombia unstable. Colombia enteredRead MoreA Violation Of The Espionage Laws1407 Words   |  6 PagesDespite Mitchell s letter, the New York Times declined the order and, as a result, the government got a restraining order against them so no further articles could be published (Moise 921). Because of the restraining order against the New York Times, Daniel Ellsberg went to the Washington Post and gave copies of the secret documents for them to publish on their own. When the government found out about the exchange between the Washington Post editor and Ellsberg, they informed the editor that furtherRead MoreThe Rights Of Freedom Of Speech1231 Words   |  5 Pagesmade the press a First Amendment priority in the United States Constitution as a â€Å"protected role† to act as a check on elected officials. The press was part of the Constitutional â€Å"checks and balances† in holding elected officials accountable and to be observant for exploitation, as the press were in essence â€Å"t he eyes and ears of the people.† Freedom of the press is the irrefutable privilege to propagate opinions in print without censorship by the government. Americans enjoy freedom of the press underRead MoreSocial Responsibility And The Free Enterprise System1186 Words   |  5 Pagesnot have the freedom of speech rights like we do. We have a free market place of ideas that coincides with capitalism and the free-enterprise system. It is tied to a form of government that is based on the Constitution and the Bill of Rights. The First Amendment guarantees freedom of speech so that the press can remain fully free, and the public can be fully informed. â€Å"Congress shall make no law abridging the freedom of speech or of the press. Sometimes corporate pressures and government control may

Bandon Group free essay sample

Bandon should first pursue an ERP solution as CRM solutions can be easily integrated within an ERP environment (Trak. In, 2010). Key findings in Bandon Groups IT infrastructure indicates redundancy and difficulty in supporting external clients and internal operations because of the depravation of integration between the companys systems and databases through the different departments of Bandon Group, Inc. Because of the differences of systems and information throughout each department in Bandon Group, Inc. it was difficult for the company to not only provide accurate information regarding customer billing and information to its own customers, but they could not keep accurate information such as revenue and expenses if each company had different information posted in the system, considering each department was under the same company. To alleviate redundancy and provide better support to customers in order to maintain a competitive advantage, integrating an ERP system would help Bandon provide web-accessed application for customers thats up to date. In addition, when customers inquire on information regarding their account or billing, they can quickly receive accurate information in a timely matter over the web or over the telephone or in person at Bandon. The feasibility of ERP systems is very promising for Bandon Group as it will greatly help the company surpass its goals of remaining competitive through its re-engineering of their integration processes. Through the use of electronic methods including electronic invoicing, web access, database implementation, and e-business services, the likelihood of ERP implementation is very possible with Bandon (Sumner, 2005). When it comes to acquiring ERP and CRM solutions, the company should pursue ERP first as its the foundation for integrating the companys systems into one integrated system and from there, the company can implement CRM into their IT infrastructure consisting of ERP applications if they decide on acquiring CRM. Once the company has fully acquired the integration of ERP systems, then Bandon can acquire CRM solutions to the company as Bandon should also pursue a CRM solution for their ERP systems. The use of a CRM solution would be beneficial for Bandon as the CRM software can be used for promoting products to their customers, maintaining customer information in a database based on customer purchasing forecasts, and the use of e-selling for customers. The promotion of products to customers is a great tool through CRM as the CRM software forecasts customers needs and buying habits and therefore would send information on products to their customers that may catch their interest based on forecasts. The use of e-selling through Bandon Group would also be beneficial to the company as allows their customers to not only purchase products/services online through Bandon, but allows them to customize the product to meet each customers need and preference (Sumner, 2005). Determine ERP design issues: There are various types of ERP and CRM packages that could be acquired by Bandon Group, Inc. , such as Microsoft Great Plains, J. D. Edwards, SAP, and many others. Based on Bandons goals and IT needs, the ERP/CRM package that would best meet the companys needs is the SAP package approach. SAP packages can range from HR, Finance, IT, Sales, Marketing, Production support, and much more areas from an enterprise setting (SAP, n. d. ). From the ERP standpoint on SAP packages, the company could use the integrated software to not only integrate all the databases into one database, but to close the gap on the lack of communication and information sharing within each department. The SAP/ERP package can contain software for Human resources including accounting/payroll software or IT software such as ticketing systems where customers can place service calls to have tech support correct a technical issue remotely or physically. In addition to integration of the companys information, providing e-business related services such as the use of online bill pay/inquires, using electronic media to contact existing customers, and election web-based information services for customers will help Bandon improve business operations and its customer support if the company uses SAP for its ERP package (SAP, n. d. ). In reference to SAP under a CRM package for Bandon Group, the CRM package that could be used to meet the companys needs is the SAP 360 Customer package. The SAP 360 Customer package is a CRM-based package that would enable Bandon Group to gain a competitive advantage by allowing them to engage with their customers anywhere at any given time; whether its online, in person, or even on a mobile device such as a phone, laptop, or tablet. Not only would the company be able to keep track of all its customers, but it gives them the opportunity to provide the ultimate customer service as they would immediately be available for the customers to answer any questions or inquiries on customer account issues. The software would allow Bandon to make real-time predictions and forecasts on customers purchasing history and allow marketing of their products and services to the customer based on their history and use of various product/services. For example, a customer may have a long history of purchasing cyan ink/toner versus other colors for their printer supported by Bandon Group. The company can use the software to advertise and market cyan ink/toner at a certain price to the customer and gives the company a higher chance of obtaining a sale due to the software making a forecast based on customer data.