MGM Mirage
Publication date: 20 January 2017
Abstract
A senior analyst has recently completed an on-site visit to the Las Vegas properties of MGM Mirage. She must value the enterprise after her preparation of projected financial statements. Assumptions for these statements come from a combination of standard account relations delineated in the case and from specific company projections that must be gleaned from MGM's MD&A. This case introduces students to pro forma financial statements and their relevance to cash flow and earnings-based valuation. Tools relevant to spreadsheet modeling can also be introduced. The case precedes MGM's announced acquisition of Mandalay Bay Corporation in 2004.
Keywords
Citation
Simko, P.J. (2017), "MGM Mirage", , Vol. 1 No. 1. https://doi.org/10.1108/case.darden.2016.000200
Publisher
:University of Virginia Darden School Foundation
Copyright © 2004 by the University of Virginia Darden School Foundation, Charlottesville, VA. All rights reserved.