MGM Resorts

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Human Resource Management: MGM Resorts is on the list of top 100 companies for MBA students, according to Universum Global[MGMSITE4]. An 18-month Executive Associate professional program is MGM’s method for recruiting MBA graduates from top-tier business schools[MGMSITE5]. The goal is to establish MGM as a leader not just in the industry, but in the world of business. The company boasts of an employee database at par with any major bank and with recruits from Amazon and eBay to take on advanced analytics and marketing capabilities[WHARTON]. In addition, MGM Resorts University is available on the Strip to provide employee training ranging from GED, communication, and language skills, to various management modules among others[MGMSITE6].
MGM …show more content…
Weaknesses
Significant Debt: As at December 2016, MGM debt stands at $13 billion[10K] with debt/equity ratio of 2.03[MorningStar]. Large capital debt could reduce the ability to compete and hinder further investments as interest payments must be made annually.
Limitations to Expansion in Asia: The MGM China Holdings agreement prohibits MGM Resorts from having any involvement in gaming businesses in China, Macau, Hong Kong and Taiwan, other than through MGM China. As such, if gaming becomes legal in future in these locations, there will be a limitation in participation[10K].
Opportunities
Internet Gaming: Presently, online gambling is legal in only three states – Nevada, New Jersey, and Delaware. However, eight other states are working on similar bills to allow Internet gambling[FOX]. If these bills come to fruition, it would open up an opportunity for MGM to extend the reach of its already existing Internet/Mobile platforms “playMGM” and “easyPLAY” into more states at low cost. At some point, this could be a significant source of income. According to Geoff Freeman, CEO of American Gaming Association, American spent nearly $3 billion on unregulated offshore gambling websites in 2012. As a result, Freeman is pushing for regulation rather than prohibition to protect
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