Description of our business
Impact of COVID-19 – Update
Other Developments
expiration, and also includes material changes to the rights and obligations provided for under the new gaming concessions to be awarded in the upcoming public tender, such as limiting the term of concessions to a maximum of 10 years.
Key Performance Indicators
Key performance indicators related to gaming and hotel revenue are:
Additional key performance indicators at
Results of Operations
Summary Operating Results
Certain of our properties or portions thereof were temporarily closed due to COVID-19 during the comparative periods in 2021 as follows:
The following table summarizes our consolidated operating results:
2,267,962
The following table presents a detail by segment of net revenues:
973,822
1,181,296 443,043
945,040 306,050
411,387 606,985
Regional Operations
The following table shows key gaming statistics for
Corporate and other
Adjusted Property EBITDAR and Adjusted EBITDAR
Regional Operations
Supplemental Information – Same-store Results of Operations
1,004,568
Las Vegas Strip Resorts Adjusted Property EBITDAR
396,805
(1)Excludes the net revenues and Adjusted Property EBITDAR of The Cosmopolitan and Aria.
Income (loss) from Unconsolidated Affiliates
The following table summarizes information related to our share of operating income (loss) from unconsolidated affiliates:
In
Non-operating Results
Interest Expense
Other, net
Income Taxes
Our effective income tax rate was a provision of 26.1% and 25.3% on income before income taxes for the three and six months ended
Reportable segment GAAP measure
Non-GAAP measures
income from unconsolidated affiliates, and income from unconsolidated affiliates related to investments in real estate ventures.
The following table presents a reconciliation of net income (loss) attributable to
Guarantor Financial Information
associated with The Mirage and Gold Strike Tunica are included within current assets and other current liabilities, respectively, within the summarized financial information.
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