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MGM resorts posts wider quarterly loss on impairment charges
February 20, 2013 / 1:55 PM / in 5 years

MGM resorts posts wider quarterly loss on impairment charges

Feb 20 (Reuters) - Casino operator MGM Resorts International reported a wider quarterly loss, hurt by impairment charges and refinancing costs.

Net loss at the operator of the Mirage and Bellagio casino resorts widened to $1.22 billion, or $2.50 per share, in the quarter ended Dec. 31, from $113.6 million, or 23 cents per share, in the prior-year quarter.

Revenue fell marginally to $2.3 billion.

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