COMPANY OVERVIEW MGM Resorts multinational is a Paradise, Nevada based corporation that brands itself as a orbicular hospitality caller-up. It is the second largest gaming company in the serviceman by revenue - about US$6 gazillion in 2009. It owns and operates 15 properties in Nevada, Mississippi and Michigan, and has 50% investments in four other properties in Nevada, Illinois and Macau, China. The company began as MGM Mirage on May 31, 2000, with the merger of MGM Grand Inc. and Mirage Resorts Inc. In the mid-2000s, growth of its non-gaming (lodging, food, retail) revenue began to outpace gaming receipts and demand for high-rise condominiums was surging, with median property prices in Las Vegas twice the national average. The company shifted its crinkle model from panopticy owning and operating resorts and casinos, to being to a greater extent documentary estate focused - launching the massive Citycenter mixed-use project. Unfortunately, the latters development coincided with vast overbuilding on the Strip and a global monetary crisis, causing large losses and writedowns in valuation.
In June 2010, the company changed to its present name, to reflect its latest strategy of expanding worldwide, including licensing its brand and expertise to develop non-gaming hotels and residences. Through 6 global offices of its subsidiary, MGM Resorts Hospitality, it has agreements to develop and argue nongaming Bellagio, MGM Grand and Skylofts hotels in countries such as Dubai, Is this the recompense essay for you? Watch the video below to read 2 more pages now. or If you want to get a full essay, order it on our website:
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