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At the beginning of 2005, the revenues associated with each division included casino revenues of 47.4% of total, food/beverage 17.9% of total, hotel 28.2%, and other 13.3%. Overall revenue was slow growing at only 1% between 2002 and 2003 but increased by 5.8% in 2004 and 2005. Total debt to assets was at 63%, which shows that Mandalay Resort Group was heavily in debt to keep up with competitors...
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At the beginning of 2005, the revenues associated with each division included casino revenues of 47.4% of total, food/beverage 17.9% of total, hotel 28.2%, and other 13.3%. Overall revenue was slow growing at only 1% between 2002 and 2003 but increased by 5.8% in 2004 and 2005. Total debt to assets was at 63%, which shows that Mandalay Resort Group was heavily in debt to keep up with competitors...
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