Real Estate Management and Development
Company Overview of CityCenter Holdings, LLC
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
Founded in 2007
Key Executives for CityCenter Holdings, LLC
Principal Executive Officer, President and Director
Principal Financial Officer and Principal Accounting Officer
Compensation as of Fiscal Year 2015.
CityCenter Holdings, LLC Key Developments
CityCenter Holdings, LLC Announces Unaudited Earnings Results for the First Quarter Ended March 31, 2015
May 4 15
CityCenter Holdings, LLC announced unaudited earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net revenues are $318,239,000 against $336,417,000 a year ago. Operating income was $182 million, including the gain from the Harmon settlement, for the first quarter of 2015 compared to operating income of $5 million in the prior year quarter. Adjusted EBITDA was $85,140,000 against $95,058,000 a year ago. Net income was $163,601,000 against net loss of $20,202,000 a year ago.
CityCenter Holdings Announce Approval of Special Dividend Payable on or About April 30, 2015 and Adoption of Regular Annual Dividend Distributions
Apr 9 15
CityCenter Holdings, LLC approved a $400 million special dividend, which will be paid on or about April 30, 2015. The owners will each receive $200 million, representing their pro rata share.
In addition, CityCenter has approved the adoption of a regular dividend policy pursuant to which it will make annual distributions of up to 35% of excess cash flow subject to approval by the CityCenter board of directors.
CityCenter Holdings, LLC Announces Unaudited Earnings Results for the Fourth Quarter and Year Ended December 31, 2014
Feb 17 15
CityCenter Holdings, LLC announced unaudited earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported revenues of $295,700,000 against $313,793,000 a year ago. Operating loss was $58,411,000 against operating profit of $25,838,000 a year ago. Adjusted EBITDA was $68,008,000 against $86,599,000 a year ago, 16% decrease compared to the prior year quarter, due primarily to a decrease in table games hold percentage at Aria. The lower fourth quarter result was due to decreased operating results at Aria as discussed above and a property transaction charge of $39 million. Net loss was $77,475,000 against $148,511,000 a year ago.
For the year, the company reported revenues of $1,249,394,000 against $1,256,439,000 a year ago. Operating loss was $114,475,000 against $27,894,000 a year ago. Adjusted EBITDA was $298,365,000 against $307,513,000 a year ago. Net loss was $208,566,000 against $443,148,000 a year ago.
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