Slots, Tables and All that Jazz Managing Customer Profitability at the MGM Grand Hotel Harvard Case Solution & Analysis

Slots, Tables and All that Jazz Managing Customer Profitability at the MGM Grand Hotel Case Study Solution

Each organization needs clients. There's no reason for making the decision of not having further expense on client expansion strategies as I’m of the view that I’ve enough clients. Your proportion of achievement should demonstrate a developing client base with a constant flow of leads in the pipeline. Those spearheading clients were energizing to me, because when I started to see an ever increasing number of individuals demonstrating an intrigue and purchasing what I was selling, I realized that what I made was effective. The endless long periods of research and showcasing finally started to become fruitful.

However, that genuine proportion of accomplishment for the number of clients was simply brief. I needed to buckle down - and work more brilliantly - to draw in a greater amount of my intended interest group.

Hotel Folio Database and Players Club:

The main advantage of Hotel Folio is to track the expenditure that is made on non-gaming facilities, such as the restaurants, entertainments, events and hotel room services.

The main advantage of players club is to identify the high value customers by the mean of whom, the company can get more profits if it makes more efforts in doing so.

Exhibit 1: Regression between Player ID and Theoretical Win in Table Games

SUMMARY OUTPUT
Regression Statistics
Multiple R 0.030584963
R Square 0.00093544
Adjusted R Square 0.000911579
Standard Error 10503.44933
Observations 41873
ANOVA
  df SS MS F Significance F
Regression 1 4.33E+09 4.33E+09 39.20448 3.85E-10
Residual 41871 4.62E+12 1.1E+08
Total 41872 4.62E+12
  Coefficients Standard Error t Stat P-value Lower 95% Upper 95% Lower 95.0% Upper 95.0%
Intercept 1056.979254 85.93136 12.30027 1.04E-34 888.552 1225.406 888.552 1225.406
PLAYER_ID -0.189303503 0.030234 -6.26135 3.85E-10 -0.24856 -0.13004 -0.24856 -0.13004

Exhibit 2: Regression between Property Identifier and Theoretical Win in Table Games

SUMMARY OUTPUT
Regression Statistics
Multiple R 0.005013276
R Square 2.51329E-05
Adjusted R Square 1.25066E-06
Standard Error 10508.2334
Observations 41873
ANOVA
  df SS MS F Significance F
Regression 1 1.16E+08 1.16E+08 1.052368 0.304968
Residual 41871 4.62E+12 1.1E+08
Total 41872 4.62E+12
  Coefficients Standard Error t Stat P-value Lower 95% Upper 95% Lower 95.0% Upper 95.0%
Intercept 513.4251839 120.6897 4.254094 2.1E-05 276.871 749.9794 276.871 749.9794
SITEID 27.00618334 26.32567 1.02585 0.304968 -24.5927 78.60504 -24.5927 78.60504

Exhibit 3: Regression between Trip Length and Theoretical Win in Table Games

SUMMARY OUTPUT
Regression Statistics
Multiple R 0.017394728
R Square 0.000302577
Adjusted R Square 0.000278701
Standard Error 0.81924411
Observations 41873
ANOVA
  df SS MS F Significance F
Regression 1 8.505634 8.505634 12.67302 0.000371
Residual 41871 28102.18 0.671161
Total 41872 28110.68
  Coefficients Standard Error t Stat P-value Lower 95% Upper 95% Lower 95.0% Upper 95.0%
Intercept 2002.999634 0.004059 493472.1 0 2002.992 2003.008 2002.992 2003.008
Trip Length -0.002284498 0.000642 -3.55992 0.000371 -0.00354 -0.00103 -0.00354 -0.00103

 

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