Thu Nov 05 10:49:00 -0500 2009

Bloomberg (New York)

- MGM Mirage, the biggest casino owner on the Las Vegas Strip, reported third-quarter results that beat analysts’ estimates, helped by a surge in baccarat play.

“Vegas is all about a room rate recovery,” said Christopher Jones, an analyst at Telsey Advisory Group in New York. “We continue to see some weakness” in room revenues that a return of conventions could help reverse, he said.

To view the full article, download the PDF here: Bloomberg, November 5, 2009