MGM Resorts’ quarterly loss widens, China growth slows

Casino operator MGM Resorts International reported a wider fourth-quarter loss on impairment charges, and as growth in its Chinese unit slowed from red-hot levels of a year ago.

MGM Resorts, which operates the Mirage and Bellagio casino resorts, said revenue fell marginally to US$2.29 billion (HK$17.8 billion). Analysts on average had expected US$2.31 billion (HK$1.79 billion), according to Thomson Reuters I/B/E/S.

via Business feed http://www.scmp.com/business/companies/article/1155283/mgm-resorts-quarterly-loss-widens-china-growth-slows