Financial overview of Full House Resorts--论文代写范文

51Due论文代写平台essay代写范文:“Financial overview of Full House Resorts”，这篇论文主要描述的是浪漫满屋度假村是总部位于美国内华达州的拉斯维加斯的一间具有旅游度假、赌博等公司，该公司拥有着五间规模较大的赌场，有着完整的赌博利益产业链，酒店、旅游、高尔夫球场等只是相关的行业，赌博收入是该公司的主要收入来源。

Full House Resorts Inc was found in 1987, which is a casino developer and operator, the headquartered located in Las Vegas, Nevada of United States. It was listed on NASDAQ in 1993, the stock code is FLL.O, and the SIC code is 7011, it belong to Resorts & Casinos industry Service sector. The mainly business is gaming and related operations. It own five casinos, which includes Rising Star Casino Report、Stockman’s Casino、Grand Lodge Casino、Buffalo Thunder Casino and Silver Slipper Casino. The Rising Star Casino Report located in Indiana, Stockman’s Casino and Grand Lodge Casino located in Nevada, Buffalo Thunder Casino located in New Mexico, Silver Slipper Casino located in Mississippi. It has more than 100 thousand square feet of gaming space with more than 3500 slot, 110 table games and more than 300 gaming machines. The company has the whole casino industry chain, it not only development and investment casino, but also operation the casino, actually it also enter into the related industry, such as hotel and golf course. The company is famous in United State, due to the company has two casino in Las Vegas, While it has many casinos in Las Vegas, the competitors includes MGM Mirage 、Caesars Entertainment corporation and so on, as more and more companies operation casino in Las Vegas, New Mexico, Indiana and Mississippi, the competition will become more seriously.

The company has more than 1000 employees, and loyal to the company. The established excellent corporate governance structure and internal control system, it includes the shareholders’ meeting, Board of directors, audit committee, compensation committee, nominating committee, compliance committee. It has six director in Board of directors, Andre M. Hilliou is Chairman and Chief Executive Officer, Deborah J.Pierce is Chief Financial Officer, Mark J. Miller is the Chief Operating Officer. These managers all have rich experience of casino, and try best to created valuation for shareholders. From the independent auditors’ conclusions, the opinion audit was qualified last three years, actually the audit opinion had never unqualified. The company has been carry out the internal control and information disclosure according to the law and regulation.

Since the company listed in NASQA, the stock price also growth, in the present three years, the stock price is relatively stable. The fluctuation is small. Now the stock price is 2.81.

Figure 1 the stock price of Full House Resorts

Data resource: Yahoo Finance

Financial overview

According to the financial reports of company from 2010 to 2012, in the income statement of company, the total revenues of company increase quickly, in 2012, the growth of revenue was 22.09%, while the margin gross ratio decrease very year, due to the increase of cost. The margin gross profit was 42.09% in 2012, decrease 9% compare to 2011. The expense of company also increase quickly, in 2012, the growth of operating expenses increase 19.91%, the net income of company was 27.83million $ in 2012, and increase 1087.96%. in summary, the operation results of company was excellent.

From the balance sheet of company, as the development of company’s operation, the total assets of company increase every year, the total assets of company was 162.72million $ in 2012, and growth was 71.98%. that was mainly due to the non current assets increase quickly. particularly the goodwill. For the liabilities, the total liabilities was 81.59million $ in 2012, and growth was 84.12%. that is due to the non current liabilities. The total stockholders equity of company was 81.138millin $,a and increase 61.28%. in summary, the situation of asset of company also excellent.

From the cash flow of company, the Cash Flow From Operating Activities was -4.3million $ in 2012, Cash Flows From Investing Activities was 45.27 million in 2012, Cash Flows From Financing Activities was -35.07 million in 2012, and change in cash and cash equivalents was 5.896 in 2012.

In summary, as the business development, the total asset also become more and more. the operation preference of company increase very year, the total revenue and net income of company has quickly growth, the bad was the margin gross ratio decreased from 2010 to 2012. For the cash flow, the operating activities cash flow is negative, it may affect the debt ability and operation, while thankfully to the Cash Flows From Investing, the company acquire the large cash flow from the Investing. The company should improve the margin gross profit and the cash flow create ability.

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