MGM-Ergebnisse könnten von Siegfried & Roy-Unfall belastet werden

07.10.2003, Lesen Sie hier den Bericht über «MGM-Ergebnisse könnten von Siegfried & Roy-Unfall belastet werden».

Nach dem Unfall am vergangenen Freitag, als Star-Magier Roy Horn von einem seiner Tiger schwer verletzt wurde, haben Analysten die Gewinnerwartungen für die MGM Mirage Inc., in denen die Siegfried & Roy Show seit 13 Jahren läuft, gesenkt.

Sollte die Show geschlossen werden, was zum jetzigen Zeitpunkt aufgrund der Unklarheit über die gesundheitliche Entwicklung von Roy Horn noch nicht sicher ist, könnten MGM jährliche Gewinne vor Steuern und Abschreibungen in Höhe von 10 Mio. Dollar durch nicht verkaufte Tickets sowie Mindereinnahmen in den Restaurants verloren gehen. Der Gewinn je Aktie würde sich um 5-10 Cents reduzieren.

Alleine durch den Verkauf der Tickets erlöste MGM pro Woche knapp eine Million Dollar. Hinzu kamen Erlöse in Restaurants, Casinos und Shops, die von den Besuchern generiert wurden. Experten gehen allerdings davon aus, dass die Versicherung von MGM einen Teil des Schadens tragen wird.

Die MGM-Aktie beendete den Handel am Montag bei 36,48 Dollar mit einem Minus von 0,95 Prozent. Die Marktkapitalisierung des Unternehmens liegt bei 5,46 Mrd. Dollar.

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ECONOMIC IMPACT: Mirage to take big hit

Analysts: Loss of ticket revenue, ancillary sales will hurt company

Visitors to The Mirage watch a white tiger Monday after purchasing Siegfried & Roy souvenirs.

The closing of one of the Strip's biggest shows after Friday's tiger mauling of Siegfried & Roy star Roy Horn is the second big hit absorbed by The Mirage this year.

After The Mirage's parent company, MGM Mirage, was stung with a $5 million fine and harsh criticism from state gaming regulators after it failed to file thousands of federal anti-money laundering forms, Horn's injuries and the indefinite closing of the popular Strip magic show planted a second solid fiscal haymaker on the nearly 14-year-old Strip megaresort, experts said.

Siegfried & Roy's 13 1/2-year sellout streak at The Mirage is testament to the illusionists' continuing popularity as well as their financial contribution to the property.

The duo and their cast of 267 performed six shows weekly before capacity crowds of 1,503 paying an average of $110 each, including tax. They performed about 45 weeks per year, meaning Siegfried & Roy generated about $44.6 million in annual pretax ticket revenue.

But with Horn still in critical condition Monday, MGM Mirage spokesman Alan Feldman said it is inappropriate to talk about the financial fallout from the show's closure.

"With all respect, we don't view this tragedy as a financial story," Feldman said. "We view it as a personal story, of Roy and his struggles and of the cast and the challenges they face."

Feldman also refused to speculate on the property's plans to replace the show.

But several Wall Street analysts said Monday the loss of the show will hit The Mirage hard.

"(Closing Siegfried & Roy) will have an impact on entertainment revenue, food and beverage revenue and gaming revenue," Deutsche Banc casino debt analyst Andrew Zarnett said. "We've seen from the Celine Dion show, when you're able to generate 4,000 incremental guests a night, you pump up revenue from food and beverage and from gaming. There has to be a short-term impact."

Zarnett predicted the normally slow holiday season will soften the blow.

"They're normally off from the end of November to the end of Christmas, so it won't be that big an impact in the fourth quarter, but it'll have an impact."

Lehman Brothers casino analyst Joyce Minor estimated that MGM Mirage gets less than half the revenue from Siegfried & Roy ticket sales.

Deutsche Banc casino equity analyst Marc Falcone agreed the lost ticket revenue isn't as significant as the casino, retail, food and beverage revenue that would have accompanied showgoers.

Falcone predicted the show's closing could cut the company's annual profit by about 10 cents per share.

MGM Mirage shares closed down almost 1 percent Monday, down 35 cents to $36.48.

Still, The Mirage's lost revenues won't seriously hurt the financial health of the property or its parent, one informed source said.

"The Secret Garden (poolside animal attraction), the white tiger exhibit, and the gift shops will all remain open," one source said. "It's not like The Mirage is losing all Siegfried & Roy-related revenue."

The parent company's financial position is even less threatened, said the source, who spoke on condition of anonymity.

"This is a company with $4 1/2 billion in revenue, and Siegfried & Roy is a show that produces about $45 million in ticket revenue," the source explained.

Über The Mirage (geschlossen per 17.7.2024):

The Mirage war ein Hotel/Casino in Las Vegas, USA. Das Hotel wurde im November 1989 als erstes Megaresort in Las Vegas eröffnet.

Im Hotel gab es eine grosse tropische Pool-Landschaft sowie 11 Restaurants, darunter das Restaurant 'Renoir', das mit Originalgemälden von Renoir dekoriert war. Auf über 30 Etagen waren 3044 Zimmer untergebracht. Mit Einbruch der Dämmerung fand vor dem Hotel alle 30 Minuten ein künstlicher Vulkanausbruch statt.

Im Mirage konnten die weissen Tiger und Löwen sowie die Delfine von Siegfried & Roy in ihrem Habitat besichtigt werden.

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