MGM Mirage Profit Rises 33%
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Bloomberg News
MGM Mirage said second-quarter earnings rose 33% as more gamblers visited the No. 2 U.S. casino company’s Las Vegas and Detroit properties and expenses fell.
Net income at the company, controlled by billionaire Kirk Kerkorian, rose to $101.9 million, or 63 cents a share. Revenue fell 3.5% to $1.15 billion.
MGM Mirage shares rose $2.64 to $31.59 on the NYSE.
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