How has globalization influenced MGM from Las Vegas?
The MGM Resorts International, known as MGM, was formed in 1986 as a subsidiary of Kerkorian’s Tracinda Corporation. It is a global gaming, hospitality, and tourism company which operates in Las Vegas, Macau, New Jersey, Detroit, and Mississippi and its headquarters is located in Las Vegas. Bellagio, MGM Grand, The Mirage, and Mandalay are the hotels and casinos owned by MGM Resorts. The company once focused on the casinos and resorts business, but now, it has shifted its business to real estate in leisure and gaming industry. In this article, I am going to discuss three dimensions that is related to the globalization. To see how they influenced the company MGM.
First of all, the flourishing of gambling industry is the result of gambling legalization. During the early twentieth century, US and other countries governments legalized the casino operations. According to International Gaming and Wagering Business (2000), in the period of 1989 to 2000, the number of casinos in US increased from 2 to 38, and the number of operating countries expanded from 77 to 109. This provide a great chance for MGM to develop its business. In this period, MGM started to expand its business by constructing new development plans, collaborating with other companies, and acquiring …show more content…
In fact, these three dimensions are the political, geographic, and technological factors that we have mentioned in class, and they are all the factors from the global environment. These factors provided chances for MGM to expand its business to other countries and invest in profitable market. On the other hand, MGM need to change its way of doing business and reconsider its company position so that it can adopt in the changing
The MGM Resorts International, known as MGM, was formed in 1986 as a subsidiary of Kerkorian’s Tracinda Corporation. It is a global gaming, hospitality, and tourism company which operates in Las Vegas, Macau, New Jersey, Detroit, and Mississippi and its headquarters is located in Las Vegas. Bellagio, MGM Grand, The Mirage, and Mandalay are the hotels and casinos owned by MGM Resorts. The company once focused on the casinos and resorts business, but now, it has shifted its business to real estate in leisure and gaming industry. In this article, I am going to discuss three dimensions that is related to the globalization. To see how they influenced the company MGM.
First of all, the flourishing of gambling industry is the result of gambling legalization. During the early twentieth century, US and other countries governments legalized the casino operations. According to International Gaming and Wagering Business (2000), in the period of 1989 to 2000, the number of casinos in US increased from 2 to 38, and the number of operating countries expanded from 77 to 109. This provide a great chance for MGM to develop its business. In this period, MGM started to expand its business by constructing new development plans, collaborating with other companies, and acquiring …show more content…
In fact, these three dimensions are the political, geographic, and technological factors that we have mentioned in class, and they are all the factors from the global environment. These factors provided chances for MGM to expand its business to other countries and invest in profitable market. On the other hand, MGM need to change its way of doing business and reconsider its company position so that it can adopt in the changing