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07
May 2008
MGM
MIRAGE Reports First Quarter
Results
MGM
Mirage have reported its first
quarter 2008 financial
results.
The
Company earned $0.40 per diluted
share from continuing operations
in the first quarter, compared to
$0.55 in the prior
year.
The
Company experienced low-single
digit percentage decreases in
both gaming and non-gaming
revenues on a
quarter-over-quarter basis, while
earnings were also negatively
impacted by the temporary closure
of Monte Carlo and ramp-up costs
related to the recent opening of
two major resorts.
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