MGM Mirage blames profit dips on Monte Carlo fire

Tue, May 6, 2008 (6:46 a.m.)

The Associated Press reports that casino giant MGM Mirage Inc. said Tuesday its first-quarter profit fell 30 percent, weighed down by resort opening costs and the Monte Carlo's temporary closure after a fire that resulted in 17 minor injuries.

The Las Vegas-based company said earnings dropped to $118.3 million, or 40 cents per share, compared with $168.2 million, or 57 cents per share, in the same quarter a year ago.

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