MGM Mirage Expenses Lead to Lower Profit
From Bloomberg News
MGM Mirage said second-quarter earnings fell 47% because expenses increased and gamblers spent less at its Las Vegas casinos.
Second-quarter net income fell to $53.8 million, or 35 cents a share, from $101.9 million, or 63 cents, a year earlier. Sales rose 1.5% to $985.3 million.
Shares of MGM Mirage fell 44 cents to $33.88 on the NYSE.
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