...fathers of Las Vegas development. As the former president and CFO of Candid Resort Group, you transformed the south end of the Las Vegas Strip into prime real estate, desirable to both the high-end leisure and convention markets. As the co-founder, CEO and president of Florentine Resorts LLC, you have a mission to redefine luxury by building another iconic hotel and casino in Las Vegas once the Florida Florentine hotel project can be negotiated. James Foster hired you largely due to your track record and ability to attract key investors. In fact, the executive chairman of the investment group who funded the Candid Bay project, cited your knowledge of the “casino resort experience” and “successful career at Candid Resort Group” as reasons for his company’s decision to invest in Florentine Resorts, LLC. Consequently, you have focused most of your efforts on securing $2.4 billion in funding for the Las Vegas location while James Foster has been working on the Miami Beach location. Although you have had limited contact with the Oasis deal, it is essential that you align strategies with James, whom you think will probably want to lead the Florentine negotiation team. You would be willing to partner with James Foster as co-lead in this negotiation team, but only if he is willing to acknowledge and show some respect for your many years of history in resort development. James has primarily been a residential developer and has had one recent success in Las Vegas; but now he...
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...Vega Food Company Executive Brief The Vega Food Company was a Spanish meat-processing business that produced hams, sausages, and other delicacies for domestic and export markets. The $100 million company, owned and managed by the Valle family, had a Randall reputation for quality products in the marketplace. Francisco Jr., 45, had worked with his father Francisco Valle since 1976 and became president in March 1994, when his 72-year-old father was killed in an automobile accident. Francisco Valle, Jr., held the first family council meeting in the family's history in February 1997. While he liked the concept of a family council as a forum for family issues, he was most concerned that the problems he was having with his youngest sister, Mari, and possibly his other sisters, needed to be addressed. The ownership structure of Vega Foods included two classes of stock, responding to Francisco's concern with the possible loss of control of the enterprise in his absence. Francisco Jr. and Isabel, Francisco Valle Sr.'s surviving spouse, each held 50% of the voting shares and therefore controlled the corporation. Nonvoting dividend-paying shares were held by each of Francisco's five sisters (15% each), Isabel (5%), and Francisco (20%). Isabel was also a very positive influence in the family's culture. Her daughters described Isabel as the glue that kept the family together. Francisco considered her a wise adviser and a positive influence with his sisters. Except for brief stints, none...
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...The Vega Foods Company: questions for discussion | 1. What are the key facts of this case? And what, in your opinion, led Mari to sell her shares? Industrias La Vega was a Spanish meat processing business that produced hams, sausages, and other delicacies for domestic and export markets. The business was a US$ 04.8 million- a-year business but Francisco Jr. felt most concerned by the family conflicts that often overwhelmed him. Francisco, 45 had been working for over 20 years with his father and become president of the company in March 1994 when his father Francisco Sr. was killed in an automobile accident. Francisco.Jr had studied agri-business in a foreign national before returning to run his family business. Francisco was very loyal in taking care of the interests of his mother and sisters, although he received complaints from them in not keeping them well informed and inclusive in the business. While Francisco received a CEO salary, bonus and benefits package the sisters dividends were nowhere close to his take home pay. Francisco seemed to enjoy his wealth in luxury and flaunt the difference. The family members were not good communicators, especially when it came to topics of the business like money, finances and business ownership. The Family was known for it’s shared love and care among them but there was less evidence of respect for titles, organizational structure, hard work and formality of any kind. The ownership...
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...The Vega Food Company Case five gives us a prime example of a family business that was nearly broken due to poor communication between family members. The Valle family and their business, The Vega Food Company, recovered from the down times with strength and unity; however, it was not without the careful leadership of a few key family members. It is clear that without the intervention of Francisco Valle Jr., the company and family may have suffered a much different outcome. Francisco Valle Jr. dedicated himself to fulfilling his father’s legacy. As the only son he slips smoothly in to his father’s footsteps by investing his time in his father’s company; while his other siblings had invested their lives in other areas. However, his sisters felt entitled to benefits from their father’s work. It is clear how they would get this idea, after learning that Francisco Sr. simply gave one of his daughters 650,000 dollars in order to buy a house. How should this seem fair to Francisco Jr., who has put all of his efforts towards helping the business; yet, his sister receives “something for nothing.” Francisco Jr. later balanced this extreme gesture of generosity by adjusting distributions to equalize the other sisters with a gift of comparable value. Although this may seem to be a bad move from a business stand point, I see it as a vital move that brought the family back together and enabled them to put the past behind so that they may work towards future goals. Francisco Valle Sr...
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...English 12 Famous Stars in our Galaxy There are about 300 billion different stars in our galaxy. All of which contain different history, characteristics and general information. They each contain their own story of how they came about. Many of these stars are a part of a certain constellation and have been around for billions of years. Polaris is one the best known stars. (“How Do Stars Form,” n.d.) This star is known by many names like the North or Pole Star. Polaris has not always been the North Star and will not always remain the North Star. As centuries change the North Star will also do so. “A famous star called Thuban, in the constellation Draco the Dragon, was the North Star when the Egyptians built the pyramids.” (earthsky) Polaris will remain as the North Star for many more centuries to come. There was a time where people depended on their lives on this star to guide them. Fortunately, they used the North Star and the Big Dipper without getting lost. “. When slavery existed in the United States, slaves counted on the Big Dipper (which they called the Drinking Gourd) to show them the North Star, lighting their way to the free states and Canada.” (earthsky) Polaris is not hard to miss in the sky; it is the 50th brightest star and does not disappear. The reason this star will not disappear is due to the fact that the Earth’s axis is aligned pointing towards Polaris in the same direction North faces but will eventually shift over time. In comparison to the sun, this...
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...Bowser, highly known as King Koopa, is a dark magic concealing Koopa Troopa. In the beginning, Bower’s first 3 names were supposed to be Kuppa, Yukke, or Bibimbap. Instead he ended up with Bowser which in Japanese means, “water supply tank.” (Greenring). Bower actually hates swimming via he’s a fire - breathing Koopa, but he is extremely good at it (Greenring). Dark Magic is used by Bowser in an attempt to turn all the civilized citizens into inanimate objects (Newman). Koopa Troopas have green shells. A specific Koopa Troopa character is Koopa Kid (Newman). Paratroopa is a Koopa Troopa with wings and a red shell. Dry Bones is the skeleton of a Koopa Troopa. Bowser Junior is Bowser's son, and the same species as his father. Dry Bowser is...
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...Astronomy Web Quest Task #1: 1) - You will begin your web quest by learning how to identify stars by their magnitude, color, and temperature, and spectral class. Go to Stars: Lights in The Sky (http://www.seasky.org/celestial-objects/stars.html) and write out the answers to the following questions. --Name the brightest star in the known universe. --What is its magnitude? --Are the brightest stars low magnitude or high magnitude? --How much does the brightness of a star change with each change in magnitude of one? 2) - Do a search on the Internet for "brightest stars" and make a top 10 list of the names of the 10 brightest stars in the known universe and their magnitude. [List on back of paper] 3) - Finally, design a colored diagram that displays the colors of the hottest stars on the left to the coolest stars on the right. Stars are grouped into spectral classes based on a range of temperatures they fall into. Label the spectral classes (O, B, A, F, G, K, M) appropriately under each star color in your diagram. To complete Task #1, Come up with a clever sentence or phrase (the first letter of each word in your phrase is one spectral class letter) to help you remember the order of the spectral classes and write it under your diagram on your paper. Answer the following few more questions. - What color is the brightest star? - What color is the coolest star? -What color is our sun? -What spectral class of stars is the hottest? -What spectral...
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...The constellation Pictor, or The Easel, is a cluster of stars located in the SQ1 quadrant. There are 3 stars in this constellation visible to the unaided human eye, aPic, bPic, and cPic. The shape of the constellation is an easel and palette, although the name itself, Pictor, means painter in Latin. Pictor, or Equuleus Pictoris, is surrounded by the constellations Caelum(the sculptor's tool),Carina(the keel of the argo), Columba(the dove), Dorado(the Swordfish and the Goldfish, Puppis(poop deck of the argo) and Volans(the flying fish). The optimal time to see pictor is at 9:00 during the month of January. The constellation Pictor does not have a creation myth, as it was labeled by the French astronomer Abbè Nicolas Louis de Lacaille in 1756 as Le Chevalet et la Palette, or Easel and the Pallette. He believed it was shaped as an easel with a pallette. In 1763, he shortened the name to Equuleus Pictoris, or Latin for painters easel, and added it to his . In 1845, the english astronomer Francis Baily nicknamed it pictor, on the suggestion of another english astronomer and mathematician, John Herschel. This entered the British Association catalogue, leading up to it's official naming in 1929 as one of the officially recognised 88 constellations. When the sky was new, it was blank. The gods asked for a council of everyone on earth for what it should like. They invited one of every animal, and one of every rock, plant, and bug. They asked first of man what he would like the sky...
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...make his way through the ranks all the way up to a manager position. The OCC, which he works for is one of the largest and most successful convention centers in the nation. The OCC is the second biggest convention center behind Chicago in the United States. The location of central Florida and these huge buildings help OCC be in high demand for events. The Sears Tower would be able to fit lying down inside of the west building. The North/South building is smaller and shaped more like a box but still is large enough to host several events at the same time. Orlando is considered a first tier city. A first tier city is a city that is able to accommodate 30,000 people or more for an event. Other examples of first tier cities are Chicago, Las Vegas, New Orleans, and Atlanta. The OCC is also a nonprofit business. It infuses the local economy with new money and expanding business. According to Dean they have only made a profit on two events the entire time he has worked there. The energy bill alone for a year is nine million dollars, with some of the high traffic months costing one million. Dean went through how he started out as a security guard to the position he is at currently. One of the things he stressed is you will mess up but make sure to learn from your mistakes. He also walked us through many of the business plans he has tried and went over the business idea as a whole. He was a part of building the UCF Student Union. The two major reasons clients and customers come together...
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...ENGL 220 Regret The night has shut in, the man gets back from work with a lot of boxes, it seems really heavy, but we don’t know what he has brought back, he is depressed, suffering and too stressed out to talk with his wife about his job, yes, he got fired. It was a really long night because he couldn’t sleep and he couldn’t talk with his wife friendly because they have been fighting for past weeks. The next day he decided to go away and do something that can make him happy, he took his big dog and all the money he had saved in the past from bank and stock market. Then he set off to go to Las Vegas for gambling. He did fill up the gas; pack some clothes and enough food to his adventure. He is really exciting to go there, because he wants to be happy, and get away from his wife and terrible situation. Seems he got a lot of fun in Vegas, because he always win, and also meet so many friends there, one of his friend give him advice, but one bad decision made him loss all the money, at that time he regret and think about his friend had told him and also his dog and wife. He stress out again, because he is not only unemployment, and also no money, he check out the hotel and took the dog with him head back to home, he can not wait to home tell his wife he is wrong, and planning his future job with her. Whereupon, he starts the car with his dog back to home, he was driving and driving, the gas run out really fast, finally stopped on the half way. He has no idea where he at, he is hungry...
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...had to create a website for a client of my choice and work with my client. At the end of my work experience our superviser had to fill in a superviser's report grading the work we did over the two week period. He said I was good at my communication skills and time management skills, Overall I got a very good Superviser's report. I learned a lot of skill's while carrying out my work experience for Cathal Farrelly, I will list some of these skill's below: Time Management: While videoing and editing wedding's for my client I learned how important time is. Time was so important while working because I had to get as many DSLR camera shot's in such a short amount of time. New program's: I learned how to use a new program called Sony Vegas Pro which I never used before. Camera usage: I learned how to use a DSLR video camera for the first time. I also learned how to use a flycam while recording the wedding's. Communication Skills: This was one of the most important skill's I learned while doing my work experience. I had to interact a lot with Cathal himself without using virbal interaction in the church. These communication skill's were also used to interact with the wedding guest's to make them feel comfortable. Challenges: Meeting New People: This was a challenge to me trying to communicate with people and video record the wedding at the same time. Time Management: This was a big challenge trying to get my Time Management right. There is such a short space...
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...Industry Analysis Analysis of Marketing Position………………………………………………………………..18 Company & Industry Growth Marketing Strategies Analysis of Management Stock Performance International Strategies Strategic Position…………………………………………………………………………………21 Current Core Competencies Competitive Advantages Performance Indicators Recommendations and Discussion………………………………………………………………23 Long-Term Options SBU Level Recommendations Short-Term Options Corporate Social Responsibility Environment and Sustainability 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...
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...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...
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...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; KNOW WHEN TO FOLD 'EM" Millions of people travel to Las Vegas each year with big dreams of hitting the jackpot; most of them leave Las Vegas empty handed, heartbroken, and even further in debt. Very few people win big, and even fewer C13 to the Wynn Las Vegas, called the Encore...
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...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...
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