Listen Online - Listen on Mobile | Mobile App Info

MGM Resorts Narrows Losses

LAS VEGAS (AP) — MGM Resorts says its third-quarter loss narrowed as gambling revenue improved and it paid less interest on debt.

For the period ended Sept. 30, MGM Resorts lost $31.9 million, or 7 cents per share. A year earlier it lost $181.2 million, or 37 cents per share.

Revenue is up 9 percent to $2.46 billion. Casino revenue climbed 13 percent. Sales also rose from booking hotel rooms and selling food and drinks, as well as entertainment and retail. Revenue rose 22 percent to $808 million for MGM China.

Shares of Las Vegas-based MGM Resorts International are down 3.4 percent to $19.60 in Thursday premarket trading.


Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


More From CBS Las Vegas

Get Started
Introducing Your New Podcast Network

Listen Live