| LAS VEGAS, Feb. 10, 2000 - In response
to requests from financial analysts and investors, Mirage Resorts, Incorporated
(NYSE: MIR) is reporting certain 1999 and 1998 financial information for
each of its wholly owned hotel-casinos.
MIRAGE RESORTS, INCORPORATED
Property-by-Property Financial Information
1st
2nd 3rd
4th Year
Quarter Quarter
Quarter Quarter
(Dollars in thousands) 1999
1999 1999
1999(d) 1999
Gross revenues
Bellagio
$282,005 $243,419 $270,502 $300,771
$1,096,697
The Mirage
176,508 149,246 155,333
151,578 632,665
Treasure Island
96,764 91,374 93,152
101,574 382,864
Beau Rivage(a)
14,172 86,841 89,335
87,784 278,132
Golden Nugget
54,078 48,733 48,645
51,444 202,900
Golden Nugget-
Laughlin
15,678 14,418 13,017
13,481 56,594
$639,205 $634,031 $669,984 $706,632
$2,649,852
Operating cash
flow (EBDIT)(b)
Bellagio
$65,024 $46,568 $61,272
$87,295 $260,159
The Mirage
49,753 29,220 30,918
26,125 136,016
Treasure Island
24,319 21,800 18,390
26,505 91,014
Beau Rivage(a)
(356) 11,524 17,361
16,597 45,126
Golden Nugget
11,584 7,667
6,141 9,112 34,504
Golden Nugget-
Laughlin
2,492 1,665
450 1,416 6,023
$152,816 $118,444 $134,532 $167,050
$572,842
Operating income(c)
Bellagio
$42,387 $23,937 $38,096
$64,203 $168,623
The Mirage
39,270 18,824 20,170
15,684 93,948
Treasure Island
19,524 15,913 11,580
18,874 65,891
Beau Rivage(a)
(1,840) 2,468 8,197
7,377 16,202
Golden Nugget
8,013 4,109
2,701 5,483 20,306
Golden Nugget-
Laughlin
1,630 836
(369) 612
2,709
$108,984 $66,087 $80,375
$112,233 $367,679
(a) Beau Rivage opened March 16, 1999.
(b) Earnings before depreciation, interest, taxes and preopening
costs.
(c) Before preopening costs.
(d) Fourth quarter gross revenues, operating cash flow and operating
income for Beau Rivage include $12.0 million associated with the settlement
of a business interruption insurance claim related to Hurricane Georges.
Fourth quarter operating cash flow and operating income for Beau Rivage
also reflect various write-offs and expense adjustments totaling $3.5 million.
MIRAGE RESORTS, INCORPORATED
Property-by-Property Financial Information
1st 2nd
3rd 4th
Year
Quarter Quarter Quarter
Quarter
(Dollars in thousands) 1998
1998 1998
1998 1998
Gross revenues
Bellagio(a)
$-- $--
$-- $244,084 $244,084
The Mirage
203,004 181,618 201,808
161,240 747,670
Treasure Island 100,568
100,604 100,819 94,952
396,943
Golden Nugget
51,319 50,397 50,478
51,287 203,481
Golden Nugget-
Laughlin
15,602 14,191 13,520
14,226 57,539
$370,493 $346,810 $366,625 $565,789
$1,649,717
Operating cash
flow (EBDIT)(b)
Bellagio(a)
$-- $--
$-- $ 53,023 $53,023
The Mirage
52,004 38,851 49,635
35,592 176,082
Treasure Island
24,591 26,358 22,813
19,709 93,471
Golden Nugget
10,291 10,360 7,332
9,221 37,204
Golden Nugget-
Laughlin
2,652 1,727
1,264 2,067
7,710
$89,538 $77,296 $81,044
$119,612 $367,490
Operating income(c)
Bellagio(a)
$-- $--
$-- $34,051 $34,051
The Mirage
41,755 28,529 40,336
26,010 136,630
Treasure Island
16,819 18,677 14,934
14,136 64,566
Golden Nugget
6,755 6,876
3,819 5,668 23,118
Golden Nugget-
Laughlin
1,625 742
305 1,155 3,827
$66,954 $54,824 $59,394
$81,020 $262,192
(a) Bellagio opened October 15, 1998.
(b) Earnings before depreciation, interest, taxes and preopening
costs.
(c) Before preopening costs.
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