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September 04, 2015 12:57 PM ET

Hotels, Restaurants and Leisure

Company Overview of MGM Grand Detroit, LLC

Company Overview

MGM Grand Detroit, LLC, doing business as MGM Grand Detroit Casino, operates a hotel and gaming facility in Michigan. Its amenities include luxury rooms and suites, slots and video poker, table games, restaurants, a spa, a fitness center and pool, and meeting and convention space. The company was incorporated in 1997 and is based in Detroit, Michigan. MGM Grand Detroit, LLC operates as a subsidiary of MGM Resorts International.

1777 Third Street

Detroit, MI 48226

United States

Founded in 1997

Phone:

313-393-7777

Fax:

313-393-0601

Key Executives for MGM Grand Detroit, LLC

Chairman and Chief Executive Officer
President and Chief Operating Officer
Assistant Vice President of Finance
Chairman of MGM Resorts International and Chief Executive Officer of MGM Resorts International
Age: 53
Senior Vice President of Casino and Player Marketing
Compensation as of Fiscal Year 2015.

MGM Grand Detroit, LLC Key Developments

MGM Grand Detroit Announces Unaudited Earnings and Operating Results for the First Quarter Ended March 31, 2015

MGM Grand Detroit announced unaudited earnings and operating results for the first quarter ended March 31, 2015. For the quarter, the company reported net revenues of $133,315,000 against $133,148,000 a year ago. Adjusted property EBITDA was $33,612,000 against $33,366,000 a year ago. Operating income was $27,739,000 against $27,654,000 a year ago.

MGM Grand Detroit Announces Unaudited Earnings Results for the Fourth Quarter and Year Ended December 31, 2014

MGM Grand Detroit announced unaudited earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported net revenues of $133,235,000 against $130,769,000 a year ago. Operating income was $31,133,000 against $37,171,000 a year ago. Adjusted EBITDA was $37,196,000 against $40,519,000 a year ago. For the year, the company reported net revenues of $530,436,000 against $537,994,000 a year ago. Operating income was $118,755,000 against $135,516,000 a year ago. Adjusted EBITDA was $144,798,000 against $155,689,000 a year ago.

MGM Grand Detroit Announces Unaudited Earnings Results for Third Quarter and Nine Months Ended Sept. 30, 2014

MGM Grand Detroit announced unaudited earnings results for third quarter and nine months ended Sept. 30, 2014. For the quarter, the company’s net revenue was $127,703,000 compared to $133,764,000 a year ago. Adjusted property EBITDA was $34,583,000 compared to $36,855,000 a year ago. Operating income was $26,164,000 compared to $31,265,000 a year ago. For the nine months, net revenue was $397,201,000 compared to $407,225,000 a year ago. Adjusted property EBITDA was $107,602,000 compared to $115,170,000 a year ago. Operating income was $87,622,000 compared to $98,345,000 a year ago.

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