...MGM Advertising & Communications Services, Inc. Address: Ste. 1203 Galleria Corporate Center EDSA cor Ortigas Ave. Quezon City Manila Contact: Tere de Jesus - Garcia Email: Company description: MGM is a full service communications company that provides advertising, public relations, event planning & management, market research and other communications services to broad range of clients. Clients include Honda, Cathay Land, National Bookstore, Seaoil, JVC, Heinz, Lea & Perrins, Bridgestone. Dean Owen has been changing his business cards to say “President” for years now, so we thought we might as well make it official. MGM attempted to establish a new life for itself from the mid-1990s as a "mini-major" studio, operating more or less independently, but latterly with the financial and operational support of part-owners Sony Pictures and Comcast. That followed a long period of steady decline. In its golden age, MGM was the undisputed giant of the movie industry, with such hits as Gone With The Wind and Wizard of Oz. But the studio fell from grace in the 1950s before being gradually carved up by corporate raiders. In 1996, MGM bought back its independence and restored some of its lost glory. But it remained the smallest of the movie majors, heavily reliant on its back-catalogue and the periodic resurrection of its James Bond franchise. The company went into play in 2004, and was eventually acquired by a consortium of investors. However, this strategy also...
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...Ocean’s Eleven WHO Ocean and his team | Danny Ocean | Planner of robbing casinos | Rusty Ryan | friend of Ocean, adviser of plan | Frank Catton | a casino worker and con man | Reuben Tishkoff | finance the operation | Livingston Dell | An electronics and surveillance expert | Saul Bloom | An elderly con man | Linus Caldwell | A young and talented pickpocket | Basher Tarr | An explosives expert | Virgil | Mechanics | Turk Malloy | Mechanics | Yen | An accomplished acrobat | Terry Benedict – owns all the three casinos (Bellagio, The Mirage, and the MGM Grand) Tess – Ocean’s ex-wife, Benedict’s girlfriend WHAT Ocean and his team are going to rob the Bellagio, The Mirage, and the MGM Grand casinos which own by Terry Benedict. Where The vault at the Bellagio, where the money of casinos from The Bellagio, The Mirage, and the MGM Grand casinos will end up here. When On a weekend, the money inside the vault at the Bellagio would more than any weekday. Especially on the fight night, the money in will be at least $150 million. So they planned to take action on the fight night. WHY Their motives of robbing the casinos are different among them. It’s included, love, hatred for the owner of casinos, money, boring to their life, off the job for long period. HOW Several of the team members carry out reconnaissance at the Bellagio to learn as much as possible about the security, the routines and behaviors of the casino staff, and the building itself. Others...
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...Industry Leader Stephen Wynn Steve Wynn is an amazing casino mogul and is also one of the largest investor in Las Vegas his is the 512 richest person in the world today according to Forbes magazine. Stephen Wynn has been in the hospitality industry pretty much all his life because he was born into it. Wynn was born in New Haven Connecticut and his family owned bingo parlors through the eastern part of the United States. His last names was not originally Wynn it was actually Weinberg but his family changed it back in 1946 to avoid discrimination because they were Jewish; Stephen was six years old at the time. Wynn and his family moved to New York where he attended The Manlius School; which is a private all boys’ school then in 1959 he studied cultural anthropology and English literature at the University of Pennsylvania. When his father passed he left Wynn with $350,000 in gaming debt, so he took over the family’s bingo businesses. He became quite successful running the family business and this success allowed him to move into bigger business ventures. Wynn invested in the Frontier Hotel and Casino in Las Vegas in 1961 and moved there with his wife Elaine. Wynn also had another company while he invested in Las Vegas, which was that he owned and operated a wine and liquor importing company. He was making good money and had enough profit and connections in his life that in 1971 he managed to strike a deal with the likes of Howard Hughes and it involved him controlling the interest...
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...G R O C P A PYL D P (03) 95072651 w w O D N A IT L T T h: w .gordonc apital.c .au om MGM WIRELESS (MWR) UPDATE MGM Wireless launches a new app for schools and parents DIRECTORS Mark Fortunatow, Executive Chairman Mark Hurd, Executive Director Shaun Collopy, Non-Executive Director KEY POINTS MGM Wireless launches MGM PinPoint™, a world leading app enabling schools and parents to locate children who are missing from school. Global PCT patent application filed Primary empathise on children safety to drive demand. Will boost revenue yield per school and is potentially a major contributor to revenue. MARKET DATA ASX Code: Current Price 52 week Share Price Range: Market Capitalisation: Economic Value: Shares on Issue: Unlisted Options: MWR $0.86 $0.32 - $0.89 $7.0 million $6.9 million 8.1 million 0.65 million CAPITAL STRUCTURE INVESTMENT PROPOSITION Over the past two years, MGM Wireless has demonstrated that its business model is sustainably profitable, underpinned by a high proportion of recurring revenue, and has positioned its itself to drive an acceleration in its growth path. The company’s growth over the next few years will be sourced from continued building of market penetration in the core schools and child care centre market, software upgrades and extension business from the existing client base, SMS traffic growth and from new products. The company’s immediate priority is to build sales momentum for its expanding product offering...
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...Slots, Tables, and All that Jazz: Managing Customer Profitability at the MGM Grand Hotel Below are suggested questions for the case of MGM Grand. As usual, you can skip any question that you think unimportant, and you are encouraged to address issues not listed below. 1. Using the information in the MGM Players Club dataset, discuss the differences in the various segments of players at the MGM Grand. Some hints for potential analyses: a. Begin by classifying customers according to their attractiveness from a static point of view (i.e., current profitability). Measure the concentration of profits. b. Look at some aspects of behavior of the different groups (you can use as cut-off points total theoretical win of $500, $10,000 and $100,000): i. Number of trips ii. Trip length iii. Whether they play in tables or slots iv. Loyalty to a certain property c. Expand your study by measuring attractiveness from a dynamic point of view (i.e., current and future profitability). The three-year span of the databases is insufficient for a rigorous lifetime value analysis but adequate for a discussion of basic concepts and tools used to assess customer attractiveness. For instance, what player characteristics in 2002 increase the likelihood that the player will come back in 2004? 2. How does the MGM Grand derive value from its Players Club program and its player information systems? 3. Do you think it is appropriate for hosts from any property to have access to the entire profile of a specific...
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...Framework) 6.8 On the guest experience (8 JA, 1 Framework) 6. CHALLENGES(400) 7. RECOMMENDATIONS- STRATEGIC PLANNING- Grant Chart(200-250) 8. CONCLUSION (250) APPENDICES 1. INTRODUCTION 1.1 Overview of MGM Resorts International 1986 2000 2010 1986 2000 2010 MGM was incorporated as an company MGM was incorporated as an company MGM Grand and Mirages Resorts was merged into MGM Mirage MGM Grand and Mirages Resorts was merged into MGM Mirage MGM Mirage changed into MGM Resorts International MGM Mirage changed into MGM Resorts International Figure 1. Timeline of MGM Resorts International (Bolton 2014) MGM Resort International (MGM), which is based in Nevada, USA, is one of the global leading companies in hospitality and entertainment industry. (Bolton 2014). It owns and operates 13 properties across the world, some of which are MGM Grand, Bellagio, Mandalay Bay, Mirage and holds 50% investments in four other properties including CityCenter. Besides, MGM has 51% interest in MGM China Holdings Limited owning MGM Maccau casino & resort (MGM 2015). Besides that, MGM is in the process of building second resort in Maccau which is called MGM Cotai. According to its official website, MGM provides customers with not only top-notch accommodations, fine-dining restaurants, luxurious shopping centers but also memorable entertainment experience with gambling in its modern casinos. 1.2...
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... | | MGM FIRE | |Case Study | | | | Chidozie B Nzom | |12/04/2014 | | | | | | | | | Introduction The MGM Grand fire occurred on November 21, 1980 at the MGM Grand Hotel and Casino in Paradise, Nevada,...
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...Consideration of Alternatives Based on the integrated analysis of condition of the MGM Grand hotel, it can be divied to two parts which are most significant to their revenue and profit growth includes non-gaming activity and gaming programs. First of all, the non-gaming activity must be mentioned. Besides the huge number of rooms that costumers will find in the MGM Grand Hotel & Casino, they should also have other facilities that they might want to know about. The MGM Grand Hotel should build up a user-friendly information system which can help visitors to consume distinctly. For example, the reception table should collect phone numbers of every single visitor, which is in order to guide them to visit this strange area when they are confused to make the tour decision. Moreover, the MGM Grand Hotel should set up a tourist or guider group which can provide some travel plan to costumers. These plan includes several travel routes, and visitors can take advantage of the tourist program like the locations and services of famous night club, several restaurants, an events arena, the big casino, concierge, special executive-level rooms, Jacuzzi, outdoor pools, a shopping arcade, the spa, a salon, room service, the Lion Habitat, a large health club and even wedding chapels. The first method is strongly recommended to be their alternative solution, because it just have to set up a message server to send to customers their well-designed information message or web page with low maintenance...
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...February 14, 2010 NASDAQ: PFCB P F CHANGS CHINA BISTRO INC BUY A+ A AB+ B BC+ HOLD C CBeta 0.91 D+ D DSELL E+ E EF BUY 52-Week Range $16.75-$41.43 Source: GICS RATING SINCE TARGET PRICE 06/05/2009 $54.35 Annual Dividend Rate NA Annual Dividend Yield NA Market Capitalization $958.2 Million Sub-Industry: Restaurants SMA (50) SMA (100) Price as of 2/11/2010 $41.41 Sector: Consumer Discretionary PFCB BUSINESS DESCRIPTION P.F. Chang's China Bistro, Inc., through its subsidiaries, engages in the ownership and operation of restaurants in the United States. It owns and operates two restaurant concepts, P.F. Chang's China Bistro and Pei Wei Asian Diner. STOCK PERFORMANCE (%) 3 Mo. Price Change 32.17 GROWTH (%) Revenues Net Income EPS Last Qtr -1.88 109.58 -15.63 12 Mo. 0.30 26.11 8.55 3 Yr CAGR 9.97 2.73 9.70 Weekly Price: (US$) 1 Year 2 Years 55 50 45 40 35 TARGET PRICE $54.35 TARGET PRICE $54.35 TARGET PRICE $54.35 PRICE $54.35 1 Yr. 131.08 3 Yr (Ann) 0.36 30 25 20 15 Rating History HOLD Volume in Millions BUY 20 10 RETURN ON EQUITY (%) PFCB Q3 2009 11.86 Q3 2008 11.87 Q3 2007 10.70 P/E COMPARISON Ind Avg 9.91 25.50 33.38 S&P 500 3.25 9.77 15.84 2008 2009 2010 0 COMPUSTAT for Price and Volume, TheStreet.com Ratings, Inc. for Rating History RECOMMENDATION We rate P F CHANGS CHINA BISTRO INC (PFCB) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses...
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...October 14, 2010 Mr. Dennis Purdy, Manager MGM Grand Hotel and Casino 3799 Las Vegas Boulevard South Las Vegas, NV 89109 Dear Mr. Purdy: I would like to arrange with the MGM Grand Hotel meeting rooms and accommodations for a conference of about 400 DCC sales representatives from May 25 through May 29, 2011. During our search for facilities, your hotel received high marks for its excellent resort and conference facilities. Our MGM event-planning staff is now in the process of planning our spring sales conference and I am collecting information for our planning committee. We would like to know if your hotel has a banquet room that seats at least 450 people. Also, could we contract at least four smaller meeting rooms near the banquet room that would seat up to 100 people? Finally, I would like to confirm that we will have access to a business center with computer facilities near our conference area This information will help us confirm our conference location. A response by November 15 would allow me to brief the conference planning committee during our next meeting on November 19. If you have questions for us, you may reach me at the contact points, above. Sincerely yours, Carol A. Allen, Director Event Planning Department College of Arts and Sciences-Education CENTRAL COLLEGES OF THE PHILS. ...
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...regarding the 2 credit proposals? Why? Ashar Corporation: First of all, I am going to discuss the Ashar Business Credit Proposal. In this proposal, Ashar Industries Company, which is one of the largest steel companies worldwide, is asking for a $850 M credit in order to finance their acquisition of Zellmont SA, which would actually create the largest steel producer company of the world. This acquisition has not been recommended by the Zellmont board, and therefore it could be regarded as a hostile takeover at the moment. As it is seen on its financial statements, Ashar corporation has been a very healthy corporation during the past few years. We can see that they have a really stable Income Statement, with high figures regarding their revenues, EBIT, Net Income. Even though, there is a decrease of the figures from 2004 to 2005, if we check in the Balance Sheet, it can be justified by the acquisition of fixed assets and long-term debt and equity. This can be a worrying figure since the company has already long-term debt, but if we look out of the box, we should know that steel companies, in order to grow and maximize their profit, they need to acquire a lot of fixed costs, which will be the base for their operations. It can be a bit risky because if the value of the steel goes down, then the debt to asset ratio will increase. Although all these possible outcomes, and looking forward in the future of the steel industry, it is not really probable that the price of the steel will...
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...Bug-Off Exterminators provides pest control services and sells extermination products manufactured by other companies. The following six-column table contains the company’s unadjusted trial balance as of December 31, 2011. [pic] .:. The following information in a through h applies to the company at the end of the current year. a. The bank reconciliation as of December 31, 2011, includes the following facts. Cash balance per bank . . . . . . . . . . . . . . . . . . . . . . . . . . . $15,100 Cash balance per books . . . . . . . . . . . . . . . . . . . . . . . . . . 17,000 Outstanding checks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,800 Deposit in transit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,450 Interest earned (on bank account) . . . . . . . . . . . . . . . . . . 52 Bank service charges (miscellaneous expense) . . . . . . . . 15 Reported on the bank statement is a canceled check that the company failed to record. (Information from the bank reconciliation allows you to determine the amount of this check, which is a payment on an account payable.) b. An examination of customers’ accounts shows that accounts totaling $679 should be written off as uncollectible. Using an aging of receivables, the company determines that the ending balance of the Allowance for Doubtful Accounts should be $700. c. A truck is purchased and placed in service on January 1, 2011. Its cost is being depreciated with the straight-line method using the...
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...• Case AP6-2: American Eagle Outfitters, Inc. American Eagle Outfitters, Inc. AP6-2 Financial information for American Eagle is presented in Appendix A at the end of the book. Required: 1. In the summary of significant accounting policies, what is American Eagle's procedure in accounting for inventory? pA-12 AE evaluates merchandise inventory at the lower of average cost or market, utilizing retail method. Average cost includes merchandise design and sourcing costs and related expenses. AE records merchandise receipts at the time merchandise is delivered to the foreign shipping port by the manufacturer; at this point the title and risk of loss is transferred to the company. 2. For the most recent year, what is the amount of inventory in the balance sheet? What does this amount represent? Merchandise inventory Jan 30, 2010 - $326,454. This amount represents a current asset which reports the cost of goods purchased to be resold, which have not yet been sold as of January 30, 2010. 3. American Eagle refers to its cost of goods sold using a different name. What is it? Cost of sales, including certain buying, occupancy and warehousing expenses. 4. For the most recent year, what is the amount of cost of goods sold in the income statement? What does this amount represent? Cost of goods sold – $1,832,471. This amount represents the cost of the merchandise that was sold to customers and includes the cost from its supplier plus any additional costs...
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...Horizontal technique will be used; and comparing it with results of company’s biggest competitor. Vertical Analysis technique will be used as a standard way for comparison. Then to see how company does in comparison to the competition, we will use Ratio Analysis in which biggest competitor’s numbers will be reviewed. It is important to have several different analyses to see the entire picture and later to be able to understand where company is and what actions shall be chosen for the improvement of financial situation. a. Review the horizontal analysis, analyze the results, and discuss operational areas of concern. First we will use Horizontal Analysis, which is a study of percentage changes in comparative financial statements to look at revenue, selling and operating expenses, income, earnings, assets, liabilities and equity. The reason this method is important is because we can see how company does percentage wise. It gives us better understanding of success then just numbers along. We will be comparing 3 years: year to year in different periods: 8(current), 7 (middle) and the year prior, we will be...
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...Go For Net Revenue The accounting issue at hand in this case is revenue. Landline is offering call routing services for PRU and the former entity has to make some receipts from the services rendered. To put the issue at hand in context, revenue is generally the income received by any company from selling goods or services. In abroad sense, revenue is the income received by any commercial institution for the goods sold or services rendered. It is basically the incoming receipts generated from the services offered or goods sold. It is the core parameter of consideration in the event of evaluating the company’s health. There are two classifications of revenue and the situation in which Landline is requires serious consideration as to whether to go for net revenue or gross revenue. To quickly recap on the two, gross revenue is the cash inflow generated by a company from the sale of goods after adjusting the production costs without any other deductions considered. Net revenue, on the other hand, is derived by deducting taxes and all other expenses from the gross revenue of that company. The relationship between Landline and PRU qualifies as a retail business and in retail, the income gotten from a company through sales after deducting maintenance expenses and commissions among other expenses is called net revenue. If the expenses of a company are in the form of commissions, refunds or depreciation, net revenue is found after deducting taxes as well. The gross revenue is significant...
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