MGM Resorts International reported a drop in profits from its Las Vegas operations during the third quarter, as hotel renovations and softer visitor demand slowed performance. The company said net revenue from its Las Vegas properties declined about seven percent to roughly two billion dollars compared to the same period last year. Overall, MGM Resorts posted adjusted earnings of twenty-four cents per share, falling short of analyst projections that averaged around forty cents. Total company revenue increased slightly, rising about 1.6 percent to 4.25 billion dollars, helped by strong results from its China operations, which grew more than seventeen percent...
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