December 19, 2014 5:52 AM ET

Hotels, Restaurants and Leisure

Company Overview of MGM Grand Detroit, LLC

Company Overview

MGM Grand Detroit, LLC, doing business as MGM Grand Detroit Casino, operates a hotel and gaming facility in Michigan. It offers luxury rooms and suites, meeting and convention spaces, restaurants, and resort-style spa services; and slots and video poker, and table games. The company was incorporated in 1997 and is based in Detroit, Michigan. MGM Grand Detroit, LLC operates as a subsidiary of MGM Resorts International.

1777 Third Street

Detroit, MI 48226

United States

Founded in 1997

Phone:

313-393-7777

Fax:

313-394-4010

Key Executives for MGM Grand Detroit, LLC

Chairman and Chief Executive Officer
President and Chief Operating Officer
Assistant Vice President of Finance
Chairman of MGM Resorts International and Chief Executive Officer of MGM Resorts International
Age: 52
Senior Vice President of Casino and Player Marketing
Compensation as of Fiscal Year 2014.

MGM Grand Detroit, LLC Key Developments

MGM Grand Detroit Announces Unaudited Earnings Results for Third Quarter and Nine Months Ended Sept. 30, 2014

MGM Grand Detroit announced unaudited earnings results for third quarter and nine months ended Sept. 30, 2014. For the quarter, the company’s net revenue was $127,703,000 compared to $133,764,000 a year ago. Adjusted property EBITDA was $34,583,000 compared to $36,855,000 a year ago. Operating income was $26,164,000 compared to $31,265,000 a year ago. For the nine months, net revenue was $397,201,000 compared to $407,225,000 a year ago. Adjusted property EBITDA was $107,602,000 compared to $115,170,000 a year ago. Operating income was $87,622,000 compared to $98,345,000 a year ago.

MGM Grand Detroit, LLC Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

MGM Grand Detroit, LLC reported unaudited earnings results for the second quarter and six months ended June 30, 2014. For the quarter, net revenues were $136.350 million against $132.593 million a year ago. Operating income was $33.804 million against $32.709 million a year ago. Adjusted EBITDA was $39.653 million against $38.662 million a year ago. For the six months, net revenues were $269.498 million against $273.461 million a year ago. Operating income was $61.458 million against $67.080 million a year ago. Adjusted EBITDA was $73.019 million against $78.315 million a year ago.

MGM Grand Detroit Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2014

MGM Grand Detroit reported unaudited earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported net revenue of $133.1 million compared to $140.9 million reported in the same period last year. Adjusted EBITDA was $33.4 million against $39.7 million reported last year.

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