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10/31/2007 03:56 PM ID: 66068 Permalink   

MGM Grand's Earnings Jump 18%

 

The company that is MGM Mirage owns many operations on the strip to include the Mirage and Treasure Island. According to a report, their profits had declined when Hurricane Katrina occurred.

The hotel and casino company jumped from last year having $156.3 million in profit to $183.9 million as of September 30.

MGM Mirage Chairman and Chief Executive Officer Terry Lanni stated, "It varies from property to property, but this is the direction that our company, and quite frankly, many others are moving." Their revenue jumped from $1.8 million to $1.9 million.

 
  Source: www.lvrj.com  
    WebReporter: Jon_Hall Show Calling Card      
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because I like seeing signs that the economy is improving even if it is for small amounts of people. It is good to see that stock is recovering somewhat.
 
  by: Jon_Hall     10/31/2007 07:54 PM     
 
 
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