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MGM Resorts posts Q4 loss as China revenue drops

Published Wed, Feb 18, 2015 · 09:50 PM

Los Angeles

MGM RESORTS International, the largest casino operator on the Las Vegas Strip, reported a wider fourth-quarter loss as gambling revenue from Macau plunged.

The loss widened to 70 US cents a share from 12 US cents a year earlier, the Las Vegas-based company said on Tuesday. MGM China revenue decreased 22 per cent, driven by its VIP table games business, which was down 39 per cent.

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MGM Resorts posts Q4 loss as China revenue drops

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