Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


September 01, 2015 5:15 AM ET

Hotels, Restaurants and Leisure

Company Overview of Mandalay Corp.

Company Overview

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

United States

Founded in 1965

Phone:

702-632-7777

Fax:

702-632-7234

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

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

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

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.

Similar Private Companies By Industry

Company Name Region
Taco Inn United States
Vacation and Cruise Resources, Inc. United States
Denihan, Benjamin & Patrick United States
2beans, Inc. United States
Lowdown Brewery and Pizzeria, LLC 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
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Mandalay Corp., please visit www.mandalaybay.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.