January 28, 2015 12:16 AM ET

Real Estate Management and Development

Company Overview of CityCenter Holdings, LLC

Company Overview

CityCenter Holdings, LLC owns, develops, and operates CityCenter, a mixed-use development property in Las Vegas, Nevada. Its CityCenter property consists of a 4,004-room casino resort; a 392-room non-gaming boutique hotel; an approximately 329,000 leasable-square-foot retail district that include shops, dining, and entertainment venues; a 1,495 room luxury condominium-hotel; and residential units. The company was founded in 2007 and is based in Las Vegas, Nevada.CityCenter Holdings, LLC is joint venture of Project CC, LLC and Infinity World Development Corporation.

4882 Frank Sinatra Drive

Las Vegas, NV 89158

United States

Founded in 2007

Phone:

702-590-7111

Key Executives for CityCenter Holdings, LLC

Principal Executive Officer
Age: 64
Principal Financial Officer and Principal Accounting Officer
Age: 53
Compensation as of Fiscal Year 2014.

CityCenter Holdings, LLC Key Developments

CityCenter Holdings, LLC Announces Earnings Results for Third Quarter Ended Sept. 30, 2014

CityCenter Holdings, LLC announced earnings results for third quarter ended Sept. 30, 2014. For the quarter, the company’s net revenue was $297,402,000 compared to $294,330,000 a year ago. Adjusted EBITDA was $57,590,000 compared to $61,261,000 a year ago. Operating loss was $36,192,000 compared to $29,790,000 a year ago. For the nine months, net revenue was $953,694,000 compared to $942,646,000 a year ago. Adjusted EBITDA was $230,357,000 compared to $220,914,000 a year ago. Operating loss was $56,064,000 compared to $53,732,000 a year ago.

CityCenter Holdings, LLC Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

CityCenter Holdings, LLC reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, total revenues were $319.875 million against $333.174 million a year ago. Adjusted EBITDA was $77.709 million against $72.666 million a year ago. Operating loss was $24.835 million against $23.774 million a year ago. Net loss was $51.788 million against $125.766 million a year ago. For the six months, total revenues were $656,292 million against $648.316 million a year ago. Adjusted EBITDA was $172.767 million against $159.653 million a year ago. Operating loss was $19.872 million against $23.942 million a year ago. Net loss was $71.990 million against $193.609 million a year ago.

CityCenter Holdings, LLC Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2014

CityCenter Holdings, LLC reported unaudited earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported net loss of $20.2 million compared to $67.8 million reported in the same period last year. Adjusted EBITDA was $95.1 million against $87 million reported last year. CityCenter's operating income increased to $5 million for the first quarter of 2014 from $0.2 million primarily due to increased revenues and strong margins related to its hotel operations. Net revenue from resort operations increased by 2% to $313 million compared to $308 million in the prior year quarter.

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