MGM Mirage Q4 results: ain’t no lion, times are tough

MGMTamedMGM Mirage has posted its fourth quarter numbers, and like most American casino kingpins, times have been better. Revenues and individual room rates are down as American consumers tighten their belts, resulting in the company losing 98 cents per share. If there’s a plus side, the net loss numbers are an improvement over the same quarter the previous year, and hopes are that the Las Vegas Strip’s newly opened CityCenter joint venture with Dubai World will boost numbers in the quarters to come. Read more.