MGM Mirage more than doubles profits
MGM reported quarterly profits that were up more than twice compared
to the same quarter last year, from $39 million to $91.7 million,
taking industry analysts by surprise.
According to the Mirage, the sharp rise in profits is mainly due
to a strong growth in visitor levels and non-gaming visitor spending.
Revenues for 2003 also rose 2.4%, from $4.2 billion to $4.3 billion.
Profits for 2003 were down though by 17%.
