Hotels, Restaurants and Leisure
Company Overview of Beau Rivage Resorts, Inc.
Beau Rivage Resorts, Inc., doing business as Beau Rivage, operates as a resort and casino. It offers hotel facilities, such as guest rooms and suites; and entertainment facilities, including a theatre, a nightclub, and events. The company provides various amenities, such as spa, salon, golf, shopping, gift card, pool, and arcade. Its casino offers a players club, promotions, slots, a poker room, table games, and gaming facilities. The company also provides restaurant, dining, and bar and lounges services. In addition, it provides space for meetings and weddings. The company was founded in 1995 and is based in Biloxi, Mississippi. Beau Rivage Resorts, Inc. operates as a subsidiary of MGM Reso...
875 Beach Boulevard
Biloxi, MS 39530
Founded in 1995
Key Executives for Beau Rivage Resorts, Inc.
President, Chief Operating Officer and President of Mgm Mirage
Executive Director of Entertainment
Vice President of Hotel Operations
Compensation as of Fiscal Year 2016.
Beau Rivage Resorts, Inc. Key Developments
Beau Rivage Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2016
May 5 16
Beau Rivage reported unaudited earnings results for the first quarter ended March 31, 2016. For the quarter, the company reported net revenues of $89.437 million compared with $86.940 million for the same period last year. Adjusted Property EBITDA was $22.799 million compared with $18.390 million for the same period last year. Operating income was $16.190 million compared with $11.859 million for the same period last year.
Beau Rivage Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended Sept. 30, 2015
Oct 29 15
Beau Rivage announced unaudited earnings results for the third quarter and nine months ended Sept. 30, 2015. For the quarter, the company earned net revenue of $98,322,000 compared to $89,049,000 a year ago. Adjusted EBITDA was $26,679,000 compared to $20,053,000 a year ago. Operating income was $20,161,000 compared to $13,049,000 in the prior year quarter.
For the nine months, the company reported net revenue of $279,717,000 compared to $259,063,000 a year ago. Adjusted EBITDA was $66,784,000 compared to $53,183,000 a year ago. Operating income was $47,217,000 compared to $32,691,000 a year ago.
MGM Mulls Listing Of 10 Properties After Spinoff
Oct 29 15
MGM Resorts International (NYSE:MGM) is planning to get its assets listed. The company, under pressure from a shareholder, said that it would spin off 10 resorts into a publicly traded real estate investment trust. MGM said it would transfer seven Las Vegas resorts The Mirage Hotel and Casino, Mandalay Corp. (Mandalay Bay), Victoria Partners L.P. (Monte Carlo), New York-New York Hotel & Casino, LLC, Ramparts, Inc. (Luxor), New Castle Corp Inc (Excalibur), The Park, Mgm Grand Detroit, Inc., Beau Rivage Resorts Inc. and Gold Strike Tunica. MGM shareholder Land and Buildings has been putting pressure on the company throughout this year to convert its real estate assets into a REIT and spin off its hotels. MGM said it expects to complete the spin-off by the first quarter of 2016. MGM's shares rose 9% in premarket trading on October 29, 2015.
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