Increased Slot Machine Revenues

MGM Mirage Inc. announced Thursday that their third quarter profit had risen 68% due to increased slot machine revenues and better operating margins. The world’s second largest slot machine casino company, MGM Mirage saw its’ slot machines put their revenue up 5% to $1.90 billion, from $1.81 billion last year. It seems that slot machines have been very good to the MGM Mirage.

Their shares may have fell 38 cents, but they usually have an annual range of $34.20 to $46.15. Their slot machine casino revenue rose 5%, with double-digit gains in slot machine revenue at several resorts. The slot machines at Bellagio, MGM Grand Las Vegas, Mandalay Bay, etc. were the ones that helped bring their slot machine revenue numbers up this last quarter.

The Beau Rivage slot machine casino in Biloxi, Mississippi, was just rebuilt and opened 33 days into the last quarter. The slot machines at the casino helped quite a bit with their slot machine revenues as they contributed $16 million to their totals. Those numbers for their slot machine revenue have jumped greatly, as when the slot machine casino was open before Hurricane Katrina it was only bringing in $12 million.

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