TITLE

MGM Mirage posts plunge in profits

AUTHOR(S)
Stutz, Howard
PUB. DATE
November 2008
SOURCE
Las Vegas Business Press (10712186);11/3/2008, Vol. 25 Issue 44, p17
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on a decline in the profits posted by MGM Mirage in 2008. Despite reporting a 67% decline in profits as a result of the economic recession and reduced consumer spending, the company annnounced new cost-cutting measures that included setting aside plans to build new resorts in Las Vegas, Nevada and Atlantic City, New Jersey. The financial community remained confident that the company will recover as a result of its cost reductions, corporate restructuring and other strategic budgetary initiatives.
ACCESSION #
35217223

 

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