Pursuits
MGM Resorts Fourth-Quarter Loss Narrows; Shares Fall
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MGM Resorts International, the biggest casino operator on the Las Vegas Strip, reported a narrower fourth-quarter net loss as performance improved in Macau, while Las Vegas results trailed analysts’ estimates.
The loss of $139.2 million, or 29 cents a share, compared with a loss of $433.9 million, or 98 cents, a year earlier, the company said today in a statement. Excluding items such as tax adjustments, the loss was 20 cents, smaller than the average 22-cent loss estimated by 21 analysts in a Bloomberg survey.