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LAS VEGAS (AP) — MGM Resorts International says it earned less from its table games in the third quarter, compounding losses it expected as it re-opened the Delano at Mandalay Bay and spruced up the area leading up to the Monte Carlo.
MGM reported a quarterly loss of $20.3 million, or 4 cents per share, a slight improvement compared to the $22.3 million loss reported last year. Losses, adjusted for non-recurring costs, were 2 cents per share.
Gambling in Macau has been challenging industrywide, but as with other properties MGM says its MGM China got a boost from regular gamblers as high-rollers dropped off.
MGM Resorts owns several Las Vegas Strip hotels including the Bellagio, MGM Grand and Mandalay Bay plus the City Center development which includes Aria, Vdara, Crystals and Mandarin Oriental.
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