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May 28, 2015 9:37 PM ET

Hotels, Restaurants and Leisure

Company Overview of New York-New York Hotel & Casino, LLC

Company Overview

New York-New York Hotel & Casino, LLC owns and operates a hotel and casino facility in Las Vegas. Its facilities and services include hotel rooms for accommodation; entertainment shows and places; restaurants; a spa and salon; attractions, including a pool, a roller coaster and arcade, golf, and others; meeting spaces; and a casino that includes table games and slots. The company was founded in 1994 and is based in Las Vegas, Nevada. New York-New York Hotel & Casino, LLC operates as a subsidiary of MGM Resorts International.

3790 Las Vegas Boulevard South

Las Vegas, NV 89109

United States

Founded in 1994

Phone:

702-740-6969

Fax:

702-740-6700

Key Executives for New York-New York Hotel & Casino, LLC

President and Chief Operating Officer
Age: 56
Executive Director of Player Development
Executive Casino Host
Executive Casino Host
Executive Casino Host
Compensation as of Fiscal Year 2014.

New York-New York Hotel & Casino, LLC Key Developments

New York-New York Announces Unaudited Earnings and Operating Results for the First Quarter Ended March 31, 2015

New York-New York announced unaudited earnings and operating results for the first quarter ended March 31, 2015. For the quarter, the company reported net revenues of $75,884,000 against $72,968,000 a year ago. Adjusted property EBITDA was $24,593,000 against $25,627,000 a year ago. Operating income was $19,672,000 against $20,887,000 a year ago. For the quarter, the company reported occupancy 97.6% against 97.9% a year ago. Average daily rate was $134 against $126 a year ago. Revenue per available room was $131 against $124 a year ago.

New York-New York Announces Unaudited Earnings Results for the Fourth Quarter and Year Ended December 31, 2014

New York-New York announced unaudited earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported net revenues of $71,507,000 against $66,749,000 a year ago. Operating income was $18,864,000 against $15,680,000 a year ago. Adjusted EBITDA was $24,479,000 against $21,400,000 a year ago. For the year, the company reported net revenues of $286,998,000 against $271,572,000 a year ago. Operating income was $75,360,000 against $65,006,000 a year ago. Adjusted EBITDA was $95,105,000 against $89,181,000 a year ago.

New York-New York Announces Unaudited Earnings Results for Third Quarter and Nine Months Ended Sept. 30, 2014

New York-New York announced unaudited earnings results for third quarter and nine months ended Sept. 30, 2014. For the quarter, the company’s net revenue was $70,658,000 compared to $66,485,000 a year ago. Adjusted property EBITDA was $20,521,000 compared to $20,709,000 a year ago. Operating income was $13,631,000 compared to $6,038,000 a year ago. For the nine months, net revenue was $215,491,000 compared to $204,823,000 a year ago. Adjusted property EBITDA was $70,626,000 compared to $67,781,000 a year ago. Operating income was $56,496,000 compared to $49,326,000 a year ago.

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