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Controls At The Bellagio Casino Resort

1. Control: The vice president of table games and the vice president of the separate Slot Machines Division of the casino report directly to Bellagio’s president/CEO.Problems that controls are designed to address: Employees misconduct or any fraudulent behaviour that are not known by the top of management. This control makes sure that top management to acknowledge any incident within the casino.2. Control: Maintain the company’s licenses and pay gaming taxes to be allowed to continue operation. The casino is subject to extensive regulation under the law, rules, and regulations. Problems that controls are designed to address: Any illegal operation regarding to gaming and other casino services provided that violate the law.3. Control: Maintain stringent controls on the recording of all receipts and disbursements that include locked cash boxes on the casino floor, daily cash and coin counts performed by employees who were independent of casino operations, constant observation and supervision of the gaming area, observation and recording of gaming and other areas by closed-circuit television, timely analysis of the deviation from expected performance, and constant computer monitoring of slot machines.Problems that controls are designed to address: The situation in which the casino and the various government entities do not keep their fair share of the money that is wagered.4. Control: The company provided extensive training to standardize the handling, aggregation, and reporting of same type or dissimilar cash transactions by single customers on a single or multiple visits within 24-hour period.Problems that controls are designed to address: Money laundering and structuring of transactions by customers to avoid reporting to the US Internal Revenue Service tax
  1. Controls At The Bellagio Casino Resort Case Study
  2. Controls At The Bellagio Casino Resort Solution
  3. Controls At The Bellagio Casino Resort & Spa
  4. Controls At The Bellagio Casino Resort

Controls At The Bellagio Casino Resort Case Study

Controls At The Bellagio Casino Resort

Free Essays on Case Study Controls At The Bellagio Casino Resort. Structure in a Uk Casino. Direct, organise, and control the activities of the organisation.”. The administration and operation of Bellagio casino and resort must be operated by advanced technology. 3) Control Problems: The major problem faced by Bellagio casino and resort is monitoring as well as supervising the sticks, legislative compliance as well as employee performance (Merchant et al.

Controls
  1. The Bellagio was one of 23 properties of MGM MIRAGE (NYSE: MGM), one of the world's leading hotel and gaming companies. In addition to the 23 properties shown in Exhibit 1, MGM MIRAGE was also developing a major resort in Macau (with a joint-venture partner) and a new multibillion dollar “urban metropolis” on 66 acres of land on the Las.
  2. The controls at the Bellagio Casino Resort case was designed with several purposes in mind. First, it illustrates a control system that is dominated by action and personnel controls, rather than results controls. The analysis of this system leads to insights about some of the factors that limit the feasibility of results controls.
  3. Bellagio Casio Resort Essay 1174 Words 5 Pages. Accounting Bellagio Casino Resort Word count 1064 Introduction Based on my assessment of the management control systems used by the Bellagio Casino Resort, it illustrates a control system that is dominated by action and personal controls, rather than result controls.

Nowadays, customers become more interested in leisure time in resort than just gambling. Problem statement Major problem is result controls is relatively weak. May be because customer tastes have changed, which is from gamble to Other things, such as shopping, dining, spas, shows, and entertainment. But companies IS used to control gaming side critically. The minor problem is action controls. Some employees did not well. What’s more the companies is trying to track every penny at the table, but having too much information is not always good for customers.

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Controls At The Bellagio Casino Resort & Spa

Analysis: The Bellagio use the combination of many controls to manage their resort including result, action, and personnel control to achieve their goals. From exhibit 2, the revenue information of MGM illustrate that the hotel revenue increase was largely rate driven both in 2004 and 2005. And in 2004, the revenue of casino and non-casino part was almost the same, but in 2005, Non-casino revenue was 2 times as casino revenue. However, there was a big part of cash revenue was from gaming and the company relied heavily on the ability of its reports to generate operating cash flow to repay debt financing.

So no-casino revenue kept growing was not good for cash flow. At present, the UP of table games reported directly to CEO. However, with the increasing of Nan-casino revenue, the UP of hotel can only to Vice CEO. List of alternatives Plan A: using new technology RIFF and still focus on doing a better control on gaming to get more revenue because the gambling is still a big part of revenue. Plan B: Keep present good control on gaming, and as soon as Seibel do better on no-gaming control, because more and more people prefer no-casino more than casino.

Controls At The Bellagio Casino Resort

Recommendation It may be better to introduce new technology. Expect for REID, the company also can develop some online gambling which can offer guest gambling using the special computer in their own room via internal network.