Mission and Objectives
A mission statement for Circus is not explicitly stated by perplexity in its Annual Report to the Stockholders. However, management does state, Circus Circus Enterprises, Inc. is in the business of entertainment, with its core military posture in casino gaming.
In order to achieve its mission, the corporation has obviously established long-range strategic objectives centered on move renovation and expansion to become the largest competitor in the Las Vegas securities industry (in terms of casino space, rooms, and visitor attraction). This has resulted in short-term decreases in revenues but with potentially significant long-term gains.
General Competition
In Las Vegas, Circus competes with over 20 study casino hotels and a few small casino motels. In Reno, Circus competes with roughly 12 major casinos and numerous smaller ones. In Laughlin, Circus competes with 8 separate casino hotels. Â Â Â Â Â Â Â Â
The majority of Circuss Las Vegas business comes from southern California and the south proceed together States. The majority of business for Reno comes from northern California and the northwestern United States. Arizona and southern California are the seeded player of the majority of business for Laughlin. Â Â Â Â Â Â Â Â
sport has expanded dramatically in the United States in recent years in the form of lotteries, riverboats, ingrained American gaming ventures, and differents. This increase in competition has had a dramatic effect on the outlying casinos and will sustain to effect Las Vegas, but probably to a lesser extent.
Government Regulations
In Nevada, the self-command and operation of gambling facilities are subject to strict regulation. The company is subject to the licensing and regulatory control of the Nevada Gaming Commission, Nevada State Gaming Control Board, and Clark County, Nevada Gaming Authorities. Almost all loans, leases, sales of securities, and other financial transactions must be reported and in some cases approved by authorities. Participants in the casino gaming...
Pity about the typo in the heading, but otherwise a capacious essay - structured nicely with good information.
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