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MGM Resorts narrows Q3 loss as US casino revenue grows

30th October 2014 3:46 pm GMT

Casino operator MGM Resorts International has reported a 1 per cent increase in consolidated net revenue to $2.5bn for the third quarter of 2014, with growth from its domestic US casino business helping to offset a decline in its Asian operations.

Net revenues from the company’s wholly owned domestic resorts rose 2 per cent compared to the same period last year, although casino revenue fell by 4 per cent due primarily to a decrease in [...]

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