COLUMBIA, Md. -- OPUS 2 Revenue Technologies Inc., a wholly owned subsidiary of MICROS Systems, Inc.
[NASDAQ: MCRS]
, has been selected to provide a complete revenue management system for the famed Flamingo Las Vegas, which is owned and managed by Park Place Entertainment
[NYSE: PPE]
. OPUS 2 will install its TopLine(TM) PROPHET Revenue Management System at the 3,600-room Flamingo Las Vegas property by early 2001.
The Flamingo Las Vegas is one of its city's most famous resorts, set at the four corners of Las Vegas Boulevard and Flamingo Road. The 15-acre property boasts luxurious guest accommodations, a Caribbean-style water park, health spa, several theatres, eight restaurants, and conference facilities. TopLine(TM) PROPHET is a Windows(R)-based yield management system designed to maximize revenue and boost overall hotel property profitability. The system brings together the industry's most sophisticated tools for forecasting, analysis and rate quotation in a fully integrated format. "We chose TopLine(TM) PROPHET based on the excellent results it is achieving for other resort properties," stated Joe Valella, Vice President of the Flamingo Las Vegas. "The system will interface seamlessly with our existing property management system, so no major front office training is necessary. We very much look forward to going live in first quarter 2001." Eric Orkin, President of OPUS 2, said, "This is our third major installation in the Las Vegas marketplace, so we're pleased that our product is earning such great reviews. Hotel and resort managers are realizing the significant value that automated revenue management can provide: higher revenues from a very reasonably priced investment. At many hotels, our system pays for itself within weeks, so we have hundreds of satisfied customers around the world." Park Place Entertainment is the world's largest gaming company and owns, manages or has an interest in 28 gaming properties operating under the Bally's, Caesar's, Paris, Flamingo, Grand and Hilton brand names with a total of approximately 2 million square feet of gaming space, over 28,000 hotel rooms, and approximately 57,000 employees worldwide. Additional information on Park Place Entertainment can be accessed through the Company's 24-hour investor relations service. Individuals may call toll- free 877-PPE-NYSE (877-773-6973) or visit OPUS 2 Revenue Technologies Inc., a subsidiary of MICROS Systems, Inc., is the world's leading developer of sophisticated yield management systems for the hospitality industry. The company's software products achieve significantly higher revenue from existing demand in hotel properties of all sizes. Bringing together the most advanced tools for forecasting, analysis, and rate quotation, OPUS 2's systems maximize revenue for both transient and group business in a variety of hotel and resort settings. These products are currently installed in over 250 hotel properties around the world. MICROS Systems, Inc. provides enterprise applications for the hospitality industry worldwide. Over 120,000 MICROS systems are currently installed in table and quick service restaurants, hotels, motels, casinos, and leisure and entertainment operations in more than 130 countries. MICROS provides property management systems and central reservation and customer information solutions under the brand MICROS-Fidelio for more than 10,000 hotels worldwide. MICROS stock is traded through NASDAQ under the symbol MCRS. For more information on MICROS and its advanced information technology solutions for the hospitality industry, please contact Louise Casamento, Manager, Marketing Communications at 443-285-8144 or 800-638-0985. You can also visit the MICROS website at The MICROS logo is a registered trademark of MICROS Systems, Inc. All other product and brand names are the property of their respective owners.
Contact
Louise Casamento
Vice President of Marketing
Phone: +1 443 285 8144
Email: lcasamento@micros.com
Organization
Oracle Hospitality
https://www.oracle.com/industries/hospitality/index.html
7031 Columbia Gateway Drive
USA
- Columbia, MD 21046-2289
Tollfree: (866) 287-4736
Email: oraclehosp_ww@oracle.com
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