Hotels, Restaurants and Leisure
Company Overview of Mandalay Corp.
Mandalay Corp., doing business as Mandalay Bay Resort and Casino, operates a resort and casino. Its resort includes spas, gyms, casinos, beach clubs, wedding chapels, shark reef aquariums, hotels, restaurants, lounges and bars, nightclubs, convention centers, and shops. Mandalay offers various facilities, such as golf courses, dining, facials, body treatments, massages, salons, packages, wedding services, gift cards, souvenirs t-shirts, resort wear, rooms and suites, VIP services, games, meetings, catering, event planning, and convention services. The company was founded in 1965 and is based in Las Vegas, Nevada. Mandalay Corp. operates as a subsidiary of MGM Mirage.
3950 Las Vegas Boulevard South
Las Vegas, NV 89119
Founded in 1965
Key Executives for Mandalay Corp.
Director of Spa Operations
Race & Sports Book Director
Compensation as of Fiscal Year 2015.
Mandalay Corp. Key Developments
Mandalay Bay Resort and Casino Opens Convention Center Expansion and Welcomes First Group
Aug 18 15
Mandalay Bay Resort and Casino opened a 350,000-square-foot expansion to its convention center and welcomed its first group, MAGIC, into the new space. The expansion includes new exhibit space, a 20,000-square-foot foyer and underground parking in this first phase of the project. Construction began in October 2014 and upon completion of the project in January 2016, the Mandalay Bay Convention Center will boast more than 2 million total square feet and over 900,000 square feet of contiguous exhibit space.
Mandalay Bay Announces Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2015
Aug 4 15
Mandalay Bay announced unaudited earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported operating income of $39,563,000 compared with $33,524,000 for the same period a year ago. Adjusted EBITDA was $60,796,000 compared with $53,003,000 for the same period a year ago. Net Revenue was $242,002,000 compared with $233,506,000 for the same period a year ago. Adjusted property EBITDA was $60,796,000 compared with $53,003,000 for the same period a year ago.
For the six months, the company reported operating income of $74,884,000 compared with $67,935,000 for the same period a year ago. Adjusted EBITDA was $114,784,000 compared with $109,003,000 for the same period a year ago. Net Revenue was $468,937,000 compared with $452,890,000 for the same period a year ago. Adjusted property EBITDA was $114,784,000 compared with $109,003,000 for the same period a year ago.
Mandalay Bay Announces Unaudited Earnings and Operating Results for the First Quarter Ended March 31, 2015
May 4 15
Mandalay Bay announced unaudited earnings and operating results for the first quarter ended March 31, 2015. For the quarter, the company reported net revenues of $226,935,000 against $219,384,000 a year ago. Adjusted property EBITDA was $53,988,000 against $56,000,000 a year ago. Operating income was $35,321,000 against $34,411,000 a year ago.
For the quarter, the company reported occupancy 90.2% against 92.3% a year ago. Average daily rate was $210 against $202 a year ago. Revenue per available room was $189 against $186 a year ago.
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