What happens in Vegas also hits Connecticut


	What happens in Vegas also hits Connecticut

Matt Kirdahy

5-6-2008 10:56 AM

426 views

Matt Kirdahy says:

MGM Grand Foxwoods is scheduled to open this month in Connecticut. Gamblers might not want to part with their hard-earned money at the tables just yet.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/5181312c-f857-4009-b67f-79007c8f215b/06F4FEC6-0090-49AB-805C-94A09161EB28/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://online.wsj.com/article/SB121007865736170495.html?mod=googlenews_wsj" href="http://online.wsj.com/article/SB121007865736170495.html?mod=googlenews_wsj" style="font-size: 11px;">online.wsj.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://online.wsj.com/article/SB121007865736170495.html?mod=googlenews_wsj"><H1>MGM Mirage's Profit Dips <BR />As Economy Slows Down</H1></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://online.wsj.com/article/SB121007865736170495.html?mod=googlenews_wsj"><P><A href="http://online.wsj.com/quotes/main.html?type=djn&symbol=mgm">MGM Mirage</A> posted a 30% drop in first-quarter net income, hurt by declining revenues as well as the temporary closure of the Monte Carlo due to a fire at the Las Vegas resort.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://online.wsj.com/article/SB121007865736170495.html?mod=googlenews_wsj"><P>The Las Vegas casino operator reported Tuesday net income of $118.3 million, or 40 cents a share, down from $168.2 million, or 57 cents a share. The latest results include one cent in preopening and start-up expenses for two resorts. Prior-year results included three cents a share in such costs and a two-cent gain from discontinued operations.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://online.wsj.com/article/SB121007865736170495.html?mod=googlenews_wsj"><P>Casino revenue dropped 3%, largely due to a 4% drop in table-games volume at the company's Las Vegas Strip resorts, while slots revenue dipped 1%.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/06F4FEC6-0090-49AB-805C-94A09161EB28/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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