| Business Summary | | MGM
MIRAGE
owns
and
operates
several
hotel-casinos
and
resorts
in
Nevada,
Michigan,
New
York,
Australia
and
South
Africa
through
its
wholly
owned
subsidiaries.
They
include
Mirage
Resorts,
Incorporated,
Primadonna
Resorts,
Inc.,
MGM
Grand
Hotel,
LLC,
MGM
Grand
Detroit,
Inc,
MGM
Grand
Australia
Pty
Ltd.
and
MGM
Grand
South
Africa,
Inc.
The
Company's
operating
properties
include,
among
others,
the
Bellagio,
a
European-style
luxury
resort;
The
Mirage,
a
tropically-themed
destination
resort;
Treasure
Island
at
The
Mirage,
a
pirate-themed
hotel
and
casino
resort,
and
the
Holiday
Inn
Casino
Boardwalk. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | MGM
MIRAGE
is
an
entertainment,
hotel
and
gaming
company
headquartered
in
Las
Vegas,
Nevada,
which
owns
and/or
operates,
through
subsidiaries,
18
casino
properties
on
three
continents.
For
the
six
months
ended
6/30/01,
total
revenues
rose
from
$1.03
billion
to
$2.12
billion.
Net
income
before
extraordinary
items
rose
from
$26
million
to
$161.3
million.
Results
reflect
increased
casino
and
room
rental
revenue
and
the
absence
of
$125.7
million
in
restructuring
and
write-down
charges. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| J. Terrence Lanni, 58 Chairman,
CEO | $3.4M | $3.5M | James Murren, 39 Pres,
CFO, Director | 2.4M | -- | Daniel Wade, 48 Vice
Chairman | 1.4M | 3.8M | Gary Jacobs, 55 Exec.
VP, Gen. Counsel, Director | 846K | -- | Scott Langsner, 47 Sr.
VP, Sec. and Treasurer | 777K | -- | Dollar
amounts are as of 31-Dec-2000 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
|
|