Free Essay

Macau Destination Report

In:

Submitted By jolielau
Words 2246
Pages 9
Macau destination report

1. Introduction
Macau is a developed traditional holiday destination, a legitimacy gambling tourism destination. It is a special Administrative Region of China, and located on the Southeast coast of China to the western bank of the Pearl River Delta. The area of 27.5 sq. km, population in Macau about 95% are Chinese, the remaining 5% includes Portuguese, Europeans and other regions. Chinese and Portuguese are the official languages, Cantonese being most widely spoken. The official languages are used in government departments in all official documents and communications. English is generally used in trade, tourism and commerce.
Base on the destination life cycle, Macau is between Maturity and Saturation stage. Macau is well developed, visitors are still willing visit Macau, some are visit Macau frequently. However, some demand is decreased, like hotel, it is starting saturation.
Ranking
According to UNWTO, Macau ranks the 20th position in terms of the World’s international tourist arrivals and ranks the 5th position in Asia and the Pacific region in 2010. Also, in terms of international tourism receipt, Macau ranks the 11th position among other destinations in the world and ranks the 3rd position in Asia and the Pacific Region in 2009. 2. Comprehensive Inventory and Audit
2.1 The profile of visit and visitors
Till to June 2015, the overnight visitors in Macau is around 1,000,000; the main visitors are from Mainland China, over 700,000 (63.8%), have decreased by 10.1% year-on-year, with those travelling under the Individual Visit Scheme falling by 4.2%. and Hong Kong visitors are over 500,000 (23.3%), increased by 2.0%. Long-haul visitors are not reached 100,000 (7.9%). (Government of Macau Special Administrative Region Statistics and Census Service, 2015)
2.2 The commercial tourism facilities
Macau has an exhibition center, the Venetian Macau which is a one-stop tradeshow partner and provide comprehensive assistance with all supporting services to the exhibition organizers. The exhibition center area is 74,682 square meters, can contain over 2,000 booths. (The Venetian Macau, 2015)
The hotels in Macau most are high level and for upper-class customers, for example, the Venetian Macau, Galaxy Macau, Mandarin Oriental and etc. Family and young people are cannot afford the price of these hotels.
Macau also has many attractions for tourists, (Macau.com, 2015) like Macau Giant Panda Pavilion; it is a home to two pandas which are endangered species. The pavilion is a 3,000 square meter state-of-the –art facility, including indoor activity quarters and an outdoor yard, and the logistic centers for feeding and caring the pandas. Ruins of St. Paul’s is the most famous landmark, also listed in 2005 UNESCO World Heritage site, the Historic Center of Macau. Kun lam Ecumenical Center is a 20 meters tall and made of special bronze, it is an ecumenical center where information is available on Buddhism, Taoism and Confucianism. Moreover, there are many temples in Macau, they are all historic and worth to visit. the natural and built environment, including transportation infrastructure
2.3 Event
The famous event in Macau cannot be doubted is Macau Grand Prix. It has recognized as the most international prestigious event on the Macau calendar. The annual Macau International Fireworks Display Contest is the other major event, it takes place on the Macau Tower Shorefront from mid- September to 1st October every year, and there are over 100 international items from different countries have participated in this event. (Macau Tourism, 2015) 3. Opportunities and Problems
3.1 Opportunities
3.1.1 New infrastructure
Hong Kong – Zhuhai – Macao Bridge (HZMB), linking Hong Kong Special Administrative Region (HKSAR), Zhuhai City of Guangdong Province and Macao Special Administrative Region. The bridge is aimed to meet the demand of passenger and freight land transport among Hong Kong, the Mainland and Macau; also establish a new land transport link between the east and west banks of the Pearl River, and to enhance the economic and sustainable development of the three places (Hong Kong-Zhuhai-Macau Bridge Related Hong Kong Projects, 2015).
Macau is adding more and more and more hotel rooms, there are some new five-star hotels will build in Macau that are for upper-class customers, for example in 2017, there will open “ Lisboa Palace Resort”
3.1.2 New attractions
Gambling is not the only image of Macau. There are different and new attractions for tourists.
Broadway Macau is connected to Galaxy Macau, is a hawker-style street market, aims to take people back to traditional Macau street markets. There also is a hotel with around 300 rooms; people can enjoy the panoramic view. Moreover, Broadway Theatre can provide 3,000-tiered seats and variety of shows, events, conventions and sports tournaments.
3D museum is the first huge art museum in Macau, the area is over 18,000 square feet , and has over 100 photography points in 7 theme zones, including MJ in 3D, 3D Jurassic World, 3D Macau Journey and etc. The 3D Macau Journey can let visitors “climb” on the Macau’s famous attractions elements, like Ruins of St. Paul, Macau Tower. Visitors can take interesting photos with the various exhibits and 3D paintings (Pier 16 3D World Macau, 2015).
Live-Action-Role-Play (LSRP) theme park launch in Macau in 2015, this is the first LSRP in Asia. The park will cover an area of over 9,290 m2 at Sands Cotai Central. The concept of the park is allow visitors to physically act out actions of fantasy characters in role-play games, pursue goals, and interact with other adventurers within an out of this world setting referred to as the Magic Stone Kingdom (Michelle, S., 2014).
Studio City Macau open in 2015, is it a new entertainment capital, including hotel, signature entertainment, dining, shopping and casino; the target of Studio City Macau is upper-class customers. Hotel offers a range of luxury accommodation; Entertainment provides customers with a truly unforgettable experience. There are the heights of Asia’s Highest Ferris Wheel, a pulse-racing adventure with Batman Dark Flight, the House of Magic, and the 5,000-seat Studio City Event Center, with characters at the Warner Bros. Fun Zone or party at the nightclub; Dining provides global dining experiences with over 30 outlets, and has including premium restaurants and casual dining. Macau Gourmet Walk presents a "dai pai dong" inspired dining area lined with local food stalls to give customers a true taste of Macau; also provides a shopping wonderland, to bring different brands in shopping streets, the area has cover 350,000 square feet; Casino has took 500,000-square-foot and offers the world’s most popular table games (Studio City Macau, 2015).
Problem of competitors
Hong Kong being the competitor of Macau, well development international travel destination, however its development stage has reached decline, more and more visitors, the political problem starting appear. 4.2 Problem
3.2.1Economic impacts
The more and more hotels leading over supply and low demand. Also the hotel main target is the upper-class customer, the market segment is too narrow. If the issue have not improve, the price of hotels would decrease and create an unhealthy industry.
The economy of Macau is 90% from gambling, this situation is not a good sign.
Social impacts students left school before graduation. About one-third of them went to work in the gaming industry. A large amount of the labor force is not well-educated. only 23.3% had a university degree. (Zhidong, H., 2015)
Environmental impacts
According to the Macau government’s Environmental Protection Committee, in 2003 there were 14 to 24 days when the air quality was bad; the overall quality of air in Macau has worsened (Zhidong, H., 2015).

4. SWOT analysis (destination competitiveness)
4.1 Strength
Macau as a gambling city, gambling is an industry that earning money. Macau is the only one city in Asia that can gambling legality.
4.2 Weakness
Macau airport cannot afford long-haul passages, there are no long-haul flights depart or import in Macau. If visitors visit Macau, they need to first go to Hong Kong or other destinations, cannot visit to Macau directly, the attractive decreased.
Hotels rooms is over supply, many five-star hotels build in Macau, the target only are the upper-class customers, the other types of customers cannot afford the expensive hotel rooms. The rooms cannot sell, the price will decrease, and this would create an unhealthy industry.
4.3 Opportunities
Hong Kong-Zhuhai-Macau Bridge can enhance the linking among the three regions. Mainland China visitors are becoming potential visitors, their economy is growing faster, they are willing to spend money. Moreover, the bridge is aim to enhance the economy of the three regions
4.4 Threat
Hong Kong is a threat for Macau, it has already an international travel destination and nearby Macau, many tourists are likely visit Hong King first them come to Macau. Macau is not the first choice of visitors.

5. Development Plan
To solve the problem above, there is a development plan for the new target – family. Family is a group of people; the spending is double or triple. They are also much willing to spend money for family fun. To attract new target, marketing is necessary, it will divided Internal Destination Development (IDD) and External Destination Marketing (EDM).
Intangible cultural heritage (Mazu belief and customs, Yueju opera)
Other development )
Internal Destination Marketing Activities (IDD)
Internal Destination Development is the forms of activity undertaken by the DMO to develop and maintain tourism in the destination, the activities are require the action and resources of other destination stakeholder. The role of DMO is primary helps to coordinate the development of resources (Angelo, P., Lorn, S., Brent, R., 2005).
Macau also has world heritage, inscribed on UNESCO world heritage in 2005, the buildings are over hundred year from Portugal government. Visitors ca know more about Macau 400 years history. Macau and Zhuhai have cooperate on tourism, there is a theme park can attract family target. Macau Fisherman’s Wharf is a the largest leisure and entertainment complex on the Macau Peninsula. It has featuring Babylon Casino, convention and exhibition center, hotels, a theme park and dining, shopping and entertainment facilities, to create a unique and multicultural experience for visitors. External Destination Marketing Activities (EDM)
External Destination Marketing is aimed to attract visitors to the destination. The image of Macau is gambling, the other Las Vegas in Asia. To change the image, not only internal improvement, also match with external marketing. Media is a powerful marketing tool, through media to promote Macau is the most efficiency way, and different people can receive the message at the same time. The promotion need to develop Macau as a travel central of Asia, people think about Macau first when they want to travel Asia. Macau can provide packages for tourists, including ferry tickets, hotel and entertainment. Also, government can publish events, let the public can participate in and to draw people attention, like mage exhibition.
Goal and objectives
The goal of this plan is to change the image and attract family target group visit Macau. There are some objectives from three aspects. For marketing aspect, to fix up the image of Macau to healthy image, a family travel destination. For sustainability aspect , the economy would not tend to single industry. For development aspect, improve the life quality of Macau.
PPP – Public-Private-partnership
For the plan to be succeed, it is necessary the different parities to cooperate together, Partnership-Private-Partnership (PPP). Public sector is government, the policy planning, infrastructure development, connect different parties, these are need government to finish. Private sectors are the organizations or companies; they can spend money to support or be sponsor for the development. There are some activities are need private sector to assistance and to be succeed. 6. Possible policies/Regulations/Legislation
Base on the problem tvat mentioned above, the government can do something to solve that. Provide more training for people to different careers, especially language, being the international travel destination. Air pollution need to improve, the government can limit the fuel of transportation (i.e. cars). Recently, there are the new SARS, the import control need more careful, people need pass the temperature check, and finish the form of healthy in detail. 7. Outline cost
Subtotal individual/major items sources of income
Marketing
The main cost marketing, the cost of promotion, the events.
Facilities Development
Second cost is facilities development, to improve the facilities to support the events. 8. Conclusion and Recommendations
In the future, Macau can increase MICE facilities and hold more events, to make different form other destinations. The other entertainment development are also needed, it is important to change the gambling image.

References http://www.dsec.gov.mo/Statistic/TourismAndServices/VisitorArrivals/VisitorArrivals2015M06.aspx http://www.macau.com/en/things-to-do_attractions-2.html http://www.venetianmacao.com/mice/exhibitions/facilities.html http://en.macautourism.gov.mo/events/majorevent.php http://www.hzmb.hk/eng/index.html http://www.hotelchatter.com/story/2015/4/27/165526/812/hotels/Macau_Hotel_Madness%3A_Who's_Opening_There_Next%3F_ http://www.broadwaymacau.com.mo/en/macau-broadway-hotel/room-types http://pier16macau3dw.com/ https://au.totaltravel.yahoo.com/news/a/25543643/role-play-theme-park-to-open-in-macau/ http://clapway.com/2014/11/17/asias-first-live-action-role-play-theme-park123/ http://www.studiocity-macau.com/en/index.php#aboutUs http://chinaperspectives.revues.org/552#tocto1n3

Similar Documents

Premium Essay

Wynn Resorts Ltd

...has. He went from humble beginnings in a family-run bingo parlor in Maryland to Chief Executive Officer (CEO) and Chairman of Wynn Resorts, Ltd. premium-destination world-class casinos and resorts. Seen by many in the entertainment industry as a visionary, Steve Wynn has revolutionized the city of Las Vegas one casino at a time.1 He started with small stakes in the Frontier Hotel in 1967 as a newcomer to Vegas to upping the ante with a complete renovation of the Golden Nugget from a dingy downtown Vegas casino to a four-star resort and gaming facility. Mr. Wynn was not satisfied with his accomplishment of attracting high networth clientele to downtown Vegas; he had dreams of expanding his casino empire, starting with a twin Golden Nugget resort in Atlantic City, a rival gambling destination. IAISO on his repertoire of great successes are the magnificent Mirage (1989), Treasure Island (1993), and the breathtaking Bellagio (1998). After what was considered the largest merger in the gaming industry's history, the Mirage became a part of M G M , Inc. for $6.4 million. Steve Wynn stepped down as Chairman and CEO of the Mirage and set his sights on developing his largest casino resort yet, the Five Diamond Wynn Las Vegas. Wynn Resorts, Ltd. owns and operates the Wynn Las Vegas and the Wynn Macau, a casino resort located in the Macau Special Administrative Region of the People's Republic of China (PRC). The company is in the process of developing an expansion "KNOW WHEN TO HOLD 'EM;...

Words: 5298 - Pages: 22

Premium Essay

Fashion

...How to target Chinese luxury consumers Fashion in Macau Date:13/11/2012 Students name: Emma Ling Monica Anni Content Content 2 Introduction 2 1.Market 3 A. Market Size 3 B. Region Size 5 C. Consumption 6 D. Distribution 7 a. The real stores 7 b.The online malls 8 E. Communication 10 a.Why we take point-to-point communication 11 b.When to start point-to-point communication 11 c.How to start point-to-point communication 12 2、Main Players 12 A. Brand summary 12 B. Rank 13 C. Brand development 14 3、Consumer Behavior 15 A. The purpose of consumption 15 B. Region Potential 15 4、Market Segmentation 17 A. Geographic Segmentation 17 B. Demographic Segmentation 17 C. Sociocultural Segmentation 18 5.About Destination Macau 19 Conclusion 21 Sources 22 Appendix 23 Introduction Our group chose fashion as our topic in many luxury category, because we as constumers are concerned about fashion in luxury segment, and the most powerful global luxury goods group is also about fashion. (see “2,Main Players”P12).The most important is that Chinese consumers may most concerned about fashion in luxury segment.Because luxury segment always lead the fashion,so that they can put their new products on the sale. We chose Macau as the analysis city because as one of the special administrative regions of China, Macau has its unique policy and economic model(see Appendix). And because the area is small, it’s...

Words: 5834 - Pages: 24

Free Essay

Las Vegas Sands Corp

...initial offering on December 14th, 2004 consisted of 23,809,524 shares at a price of $29 per share. From Bloomberg Business week, also shown in Appendix 1, we can see that since the first full month that LVSC has been traded on the NYSE its average record monthly high stock value was $103.05 and its average monthly record low stock trade value was $10.17. Within the last five years, the LVSC has suffered through the world’s economic downturn just like any other company. In Appenix 2 we can see that the early part of 2009 was the worst, in terms of stock prices, for the LVSC. We can also see that within the last two years, LVSC has also regained a lot of ground. There current share price is on the NYSE is at 51.50 and the performance of the Macau and Singapore markets continues to positively increasing the value of the overall company. Political position history In my opinion, the political history and position of the LVSC is a direct reflection of Sheldon Adelson’s political views and standpoints and can therefore be correlated as such. Business and politics are very closely intertwined and I believe that Adelson’s actions within the political arena can also be seen as strategic business decisions that have both negatively and positively...

Words: 3090 - Pages: 13

Premium Essay

Singapore and Macau Economy

...Macau Economy            Macau’s booming tourism and casino industry has been inviting foreign investments which have helped it in becoming one of the renowned gaming centers of the world. In 2006, the revenue earned from gaming in Macau surpassed that of Las Vegas, and all taxes associated with gaming amounted to almost 75% of government revenue. The relaxation of travel restrictions coupled with the growth in the gaming segment resulted in nearly 27 million travelers visiting China in 2007, an increase of almost 62% over the preceding three years. Macau’s traditional textile industry has gradually shifted base to China due to termination of the Multi-Fiber Agreement in 2005. The Closer Economic Partnership Agreement (CEPA) signed between Macau and China allows tariff free movement of goods from Macau to mainland China. Pataca, the currency of Macau is closely connected with Hong Kong dollar and is freely accepted in Honk Kong. Economic activities of Macau Services activities dominated by tourism and gambling contribute nearly 96% towards its GDP (gross domestic product). Wholesale and retail trade, financial services, construction, and transport and communications are the other tertiary sector activities. The industrial sector is dominated by electronics, footwear, textiles and toy manufacturing facilities. Industries or secondary economic activities constitute almost 4% of GDP. The contribution of agriculture to Macau’s economy is negligible. With only 2% of total area...

Words: 1774 - Pages: 8

Premium Essay

Macao Economy

...Macau Economy            Macau’s booming tourism and casino industry has been inviting foreign investments which have helped it in becoming one of the renowned gaming centers of the world. In 2006, the revenue earned from gaming in Macau surpassed that of Las Vegas, and all taxes associated with gaming amounted to almost 75% of government revenue. The relaxation of travel restrictions coupled with the growth in the gaming segment resulted in nearly 27 million travelers visiting China in 2007, an increase of almost 62% over the preceding three years. Macau’s traditional textile industry has gradually shifted base to China due to termination of the Multi-Fiber Agreement in 2005. The Closer Economic Partnership Agreement (CEPA) signed between Macau and China allows tariff free movement of goods from Macau to mainland China. Pataca, the currency of Macau is closely connected with Hong Kong dollar and is freely accepted in Honk Kong. Economic activities of Macau Services activities dominated by tourism and gambling contribute nearly 96% towards its GDP (gross domestic product). Wholesale and retail trade, financial services, construction, and transport and communications are the other tertiary sector activities. The industrial sector is dominated by electronics, footwear, textiles and toy manufacturing facilities. Industries or secondary economic activities constitute almost 4% of GDP. The contribution of agriculture to Macau’s economy is negligible. With only 2% of total area...

Words: 1774 - Pages: 8

Premium Essay

Hallo

...Paper 3. http://scholarsarchive.jwu.edu/mba_student/3 This Research Paper is brought to you for free and open access by the The Alan Shawn Feinstein Graduate School at ScholarsArchive@JWU. It has been accepted for inclusion in MBA Student Scholarship by an authorized administrator of ScholarsArchive@JWU. For more information, please contact egearing@jwu.edu. Johnson & Wales University Providence, Rhode Island Feinstein Graduate School WYNN RESORTS, LIMITED A Research Project Submitted in Partial Fulfillment of the Requirements for the MBA Degree Course: HOSP6800 Hospitality and Tourism Business Policy and Strategy May 10, 2011 Wynn Resorts, Ltd. 2 I. All financial data have come from the 20 I 0 or 2009 IO-K Report of Las Vegas Sands Corp., MGM Resorts International, and Wynn Resorts, Ltd. 2. All industry standards are from personal communications with Dr. Cooper, HOSP5600. 3. All industry medians are taken from Hoovers.com and the market price is taken from Yahoo Finance. Wynn Resorts, Ltd. 3 TABLE OF CONTENTS Executive Summary ......................................................................................................................... 5 Nature of the Business ..................................................................................................................... 7 Environmental Analysis ......

Words: 12265 - Pages: 50

Premium Essay

Cuong

...SGA 848A – STRATEGIC MANAGEMENT Assessment 1: MALAYSIA AIRLINES 4/4/2011 Facilitator: Raymond Wiranatakusuma Student: Thanh Le – MCP 170 I. Introduction Originally Malaysia Airline is a joint initiative of the Ocean Steamship Company of Liverpool, the Straits Steamship of Singapore and Imperial Airways and goes for separation in 1965. Malaysia Airline today is well known as a 5 star airlines with holding a lengthy record of service and best practices excellence, flies around 50,000 passengers daily to 100 destinations worldwide and having more than 100 awards in the last 10 years (Malaysia Airline, 2011). Vision: To be the World’s Five Star Value Carrier (FSVC). Mission: To be a consistently profitable airline. Customer Value Proposition: To deliver Malaysian Hospitality, hassle free all the way, and in doing so reflect our nation’s highest ambitions. Purpose of the report: As a strategic management consultant, this report is aimed at conducting a thorough strategic analysis in order to recommend the future strategic direction for the Malaysia Airlines and compete in the airline industry on the Southeast Asian market effectively. Table of Contents I. Introduction 2 II. SWOT ANALYSIS 4 Internal Analysis 4 External Analysis 6 III. Competitors Analysis 8 Thai Airways 8 Garuda Indonesia: 9 Financial Data Comparison 10 IV. Conclusion 11 V. Recommendation 12 Strategic Objectives in the next 3-5 years: 12 Key strategies in the next 3 – 5...

Words: 4002 - Pages: 17

Premium Essay

Hong Kong as a Tourism Hub

...In year 1997, Hong Kong, the once part of Chinese Empire then became British colony, changed its status again to Special Administrative Region of the People’s Republic of China. The implications of this unique heritage, its transition and cultural identity have shaped Hong Kong into current tourism hub (Henderson, 2010). A survey conducted by Yuwa (2013) shows that Hong Kong ranked 9th in the top 20 global tourist’ destinations. However, competition has been heated up around the region lately. More countries including China (mainly Shenzhen and Zhuhai), Taiwan, and Southeast Asia countries (particularly Singapore and Thailand) are joining the league to attract high-net-worth travelers. The following paragraphs are about to explain both the competitiveness of Hong Kong and threats that may challenge its position as regional tourism hub. Well-connected ground transportation, world renowned airport and sheltered natural harbor contribute to the success of Hong Kong tourism. Hong Kong’s home carrier Cathay Pacific success in attracting millions of tourists to Hong Kong also attracts major airlines to expand flight network to Hong Kong International Airport. The airport is subsequently honored as one of the fully utilized, most efficient and competitive airport in the world (Strategic Access Limited, n.d.). Tam (1997) claims that the advanced infrastructure projects improving transport network, such as the Hong Kong International (Chep Lap Kok) Airport and the number three highway...

Words: 1048 - Pages: 5

Free Essay

Casino

...Introduction Las Vegas Sands Corporation (LVS) is a multinational casino and resort company that began in 1989 when Sheldon Adelson purchased the Sands Hotel in Las Vegas, Nevada. Since 1990, LVS has grown into a luxury hotel, entertainment, and gambling corporation with locations in the United States in China. Among their most well-known American properties are The Venetian and Palazzo, both of which are in Las Vegas, and they also boast ownership of the Four Seasons Hotel, Sands Cotai Central, and The Venetian Macao in the Cotai Strip in Macao, China. Additionally, they operate the Marina Bay Sands in Marina Bay, Singapore. LVS is hoping to increase their presence in Singapore and Japan as well. They are planning to open The Parisian Macau, another...

Words: 15899 - Pages: 64

Premium Essay

Crown Casio Marketing

...Assignment Two: Crown (Casino Operations) Issue One: The chosen organisation is Crown, with our team’s focus specifically on casino operations in the High End and Mass Market segments to allow a more detailed analysis of the marketing mix and future direction of the brand. Crown has a strong value proposition, highlighted as the Asia Pacific leader in integrated gaming, entertainment and resort facilities, with gaming operations in a broad and highly lucrative market segment both within Australia and overseas. In Australia alone, over 70% of age appropriate citizens participate in some form of gambling activity in a market worth over $20 billion annually (Australian Productivity Commission Report on Gambling – 2010). According to the same APC report, casino gaming now makes up over 20% of the total gambling market and the use of poker machines in both casino and club environments has increased from 29% to 55% of spend in the last 20 years. Whilst a strong customer centric approach is essential for Crown to secure market share and build long term, loyalty based relationships with customers, the business also represents an example of both product and market orientation in its approach. The product orientation is indicated through Crown’s continuous development of table games and customer service programs, with the market orientation indicated through Crown’s detailed understanding of customer needs across its target markets (VIP, High End & Mass Market) and its delivery...

Words: 4713 - Pages: 19

Free Essay

Las Vegas Sands Essay

...Executive Summary Las Vegas Sands Corporation (“LVS”) is arguably the world’s premier casino resort operator. With its operations in Las Vegas, Macau, Pennsylvania, and its new development in Singapore and Europe LVS, is now well-positioned to capture a large slice of what is becoming an increasingly huge pie. They are the biggest company in its industry with a USD market cap of 35.1 billion as of 2011. The casino operator has been a pioneer in opening new markets in Asia, and will continue to aggressively focus on a variety of other development opportunities where it’s needed. However, LVS has faced significant financial challenges since the economic recession began in the fourth quarter of 2008. Among the significant ones is its large amount of long term debt currently at 9.58 billion. Las Vegas Sands Corporation has strategically sold some of their “non-core” assets such as the Venetian retail mall, and its Shoppes at the Palazzo in order to remain compliance with its credit covenants. With this said, there are now in the position to return to profitable operations with its Asian pipeline and its new development project in Europe with the assumption that upon completing these projects it will generate enough revenue to get rid of all their debts. In addition, to their debt issues are the ongoing lawsuits that have brought a threat from government officials questioning how the company conducts its domestic and foreign operations. This is an issue of growing importance especially...

Words: 5541 - Pages: 23

Premium Essay

Nibc Valuation Memo

...NIBC Valuation Memo Analysis of valuation methodologies Comparable company analysis compares trading and operating performance of the Wynn Resort to its peers. We used this valuation method to determine how the market has valued the earnings and cash flows of similar companies and allow us to analyze other parameters such as book value, leverage and margins. The main benefit of this valuation methodology is that market efficiency ensures that the trading multiples are similar for companies in a related industry, geography, and have similar market cap and growth rates, thus the company in question can be valued based on its close trading comparables. Disadvantages include an inability to find exact comparables, as no two companies are the same; thinly traded stocks may not fully reflect the fundamental value of the company, or extreme market volatility may cause deviation from intrinsic value, and an entire industry could be undervalued or overvalued as a result. Precedent transaction analysis determines the values offered in past acquisitions of similar companies and determines the pricing associated with past deals as compared to the target’s financial performance and current market value. The pro is that comparable transactions reflect reality as it has occurred in the past. This method gives you an accurate sense of how past transactions were successfully completed at certain premiums, which indicates a range of plausible premiums. Trends such as consolidating acquisitions...

Words: 3322 - Pages: 14

Free Essay

Lvs Strategy

...Adhitya Christian Martin (G3525406X) Chye Hui Lin (S8734971C) Darren Chng Meng Hoe (S8509392D) Jasmin Hamdani Ham (G3529740K) Karina Ondang (G0638741T) Liu Fang (G3529124K) Louis Lim Wei Chun (S8416257D) * Contents Executive Summary | 1 | Company Overview | 2 | External Environment | 2 | Internal Environment | 4 | Acquisitions, Restructuring and Cooperative Strategies | 6 | Business-Level Strategy of Las Vegas Sands in the U.S. | 6 | Corporate- Level Strategy of Las Vegas Sands in the U.S. | 11 | International Business-Level Strategy of Las Vegas Sands | | Macau | 14 | Singapore | 17 | Bibliography | i | Appendix | iv | * Executive Summary Las Vegas Sands is a hotel, gaming and resort development company which operates in many countries worldwide. It has 3 significant establishments; The Venetian and The Palazzo in United States, The Venetian Macao in Macau and Marina Bay Sands in Singapore. The company places strong focus on their code of conduct and ethical behavior of their employees. The company has both tangible and intangible resources. Their capabilities include excellent management of operations and human resources, specifically tailored offerings to the Asian market, the MICE business and Eco 360 cost savings initiative. We have identified their core competencies to be in MICE, the Eco 360 program, its Paiza Club which targets high end Asian clientele and the Venetian theme which is seen prominently in their establishments. We...

Words: 8702 - Pages: 35

Premium Essay

Http: //Www.Termpaperwarehouse.Com/Essay-on/Swot-Anaylsis/151736

...t:+852 2520 1177 f:+852 2520 1165 e:hkinfo@datamonitor.com Genting Bhd ABOUT DATAMONITOR Datamonitor is a leading business information company specializing in industry analysis. Through its proprietary databases and wealth of expertise, Datamonitor provides clients with unbiased expert analysis and in depth forecasts for six industry sectors: Healthcare, Technology, Automotive, Energy, Consumer Markets, and Financial Services. The company also advises clients on the impact that new technology and eCommerce will have on their businesses. Datamonitor maintains its headquarters in London, and regional offices in New York, Frankfurt, and Hong Kong. The company serves the world's largest 5000 companies. Datamonitor's premium reports are based on primary research with industry panels and consumers. We gather information on market segmentation, market growth and pricing, competitors and products. Our experts then interpret this data to produce detailed forecasts and actionable recommendations, helping you create new business opportunities and ideas. Our series of company, industry and country profiles complements our premium products, providing top-level information on 10,000 companies, 2,500 industries and 50 countries. While...

Words: 2141 - Pages: 9

Premium Essay

Us Gaming Industry Analysis

...University of Ballarat | Industry Analysis Report Gaming Industry in US | BUMKT 5922 Competitive Analysis Individual Assignment | | Carolina Dos Santos (ID: 30058334) | 9/4/2011 | Table of Contents 1. Executive Summary 3 2. Introduction 4 3. Marco Environmental Analysis 5 4. Industry Analysis 7 5. Strategic Options and Recommendations 10 6. References 13 7. Appendices 14 1. Executive Summary It is expected that US gaming will not be the world number one casino region in the world due to the rapid growth of other casino regions. With its long lasting history and reputation, it is still a very profitable industry because of its large domestic and foreign market share. The well known brand and large portion of market share maintain its global competitive advantage over competitors and substitutes. 2. Introduction Casino gambling becomes very popular around the world and it is one of the most common types of entertainment in US and many other countries. According to Investopedia, A casino has been defined as houses or accommodates that provide facilities for certain types of gambling activities. Casino is usually built in combine with hotels, restaurants, retail shopping and other tourist attractions. It also provides facilities for hosting live entertainment events and sporting events (Investopedia 2011). The industry has been growing very fast in the past few decades in relate to its size worldwide. It has a large impact to the...

Words: 3749 - Pages: 15