| Business Summary | | Mandalay
Resort
Group
is
one
of
the
largest
hotel-casino
operators
in
the
United
States
in
terms
of
guestrooms
and
casino
square
footage.
The
Company
has
the
largest
scaled
hotel-casino
resort
development
in
Las
Vegas,
the
world's
largest
gaming
market.
This
masterplan
mile
consists
of
three
interconnected
megaresorts,
including
the
Company's
newest
property,
Mandalay
Bay.
The
Company
operates
16
properties
with
more
than
27,000
guestrooms
and
more
than
one
million
square
feet
of
casino
space
in
Nevada,
Mississippi,
Illinois
and
Michigan.
Of
these
properties,
12
are
wholly
owned.
In
addition,
the
Company
owns
a
50%
interest
in
each
of
three
joint
venture
casino
properties
and
a
53.5%
interest
in
a
fourth
joint
venture
casino. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Mandalay
Resort
Group
is
a
hotel-casino
operator
that
operates
16
properties
with
more
that
27,000
guestrooms
and
more
than
one
million
square
feet
of
casino
space
in
Nevada,
Mississippi,
Illinois
and
Michigan.
For
the
three
months
ended
4/30/01,
revenues
rose
6%
to
$669.1
million.
Net
income
fell
3%
to
$47.4
million.
Results
reflect
higher
revenues
from
Mandalay
Bay
and
MotorCity
Casino,
offset
by
higher
interest
expense
and
minority
interest. Recent Earnings Announcement For
the
3
months
ended
07/31/2001,
revenues
were
644,194;
after
tax
earnings
were
30,527. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Michael Ensign, 63 Chairman,
CEO and Chief Operating Officer | $1.8M | -- | Glenn Schaeffer, 47 Pres,
CFO, Treasurer | 1.6M | -- | William Richardson, 54 Vice
Chairman | 1.7M | -- | Les Martin, 44 VP,
CAO and Controller | 318K | $587K | Yvette Landau, 44 VP,
Gen. Counsel, Sec. | 482K | -- | Dollar
amounts are as of 31-Jan-2001 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|