July 28, 2014 5:36 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 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.

MGM Grand Detroit Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2013

MGM Grand Detroit reported unaudited earnings results for the second quarter and six months ended June 30, 2013. For the quarter, the company reported net revenue of $132,593,000 compared to $141,805,000 a year ago period. Adjusted property EBITDA was $38,662,000 compared to $43,337,000 a year ago period. Operating income was $32,709,000 compared to $32,431,000 a year ago period. For the six months, the company reported net revenue of $273,461,000 compared to $292,392,000 a year ago period. Adjusted property EBITDA was $78,315,000 compared to $85,576,000 a year ago period. Operating income was $67,080,000 compared to $64,769,000 a year ago period.

MGM Grand Detroit, LLC Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2012

MGM Grand Detroit, LLC reported unaudited earnings results for the third quarter and nine months ended September 30, 2012. For the quarter, the company reported net revenue of $139,284,000 compared to $139,049,000 a year ago period. Adjusted property EBITDA was $39,264,000 compared to $39,897,000 a year ago period. Operating income was $30,206,000 compared to $29,991,000 a year ago period. For the nine months, the company reported net revenue of $431,676,000 compared to $425,189,000 a year ago period. Adjusted property EBITDA was $124,840,000 compared to $125,593,000 a year ago period. Operating income was $94,975,000 compared to $95,820,000 a year ago period.

Similar Private Companies By Industry

Company Name Region
Nicklaus Companies LLC United States
Hmc Toronto Air Inc United States
Mountainside Fitness Centers Of Gilbert, LLC United States
Hospitality Properties Trust, 12 Prime HotelsSM United States
The Copley Square Hotel United States

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
NYC2012, Inc. United States
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
Rush University United States
Greater Houston Partnership United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact MGM Grand Detroit, LLC, please visit www.mgmgranddetroit.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.