LAS VEGAS -- MGM Mirage, which owns and/or operates six Las Vegas
properties, earned $82 million in the first quarter compared with
$85.2 million in first quarter 2001.
MGM Mirage rebounded from a rough fourth quarter, when the
industry was hit hard by Sept. 11.
Net revenue during first quarter 2002 was $1.02 billion.
Meanwhile, gaming company Harrah's Entertainment posted a net
loss of $6 million compared with year-earlier net income of $44.1
The quarter reflected new accounting rules that included a $94
million charge related to its purchase of the Rio Hotel and Casino
in Las Vegas in 1999.
Revenue for the quarter increased 13%, to $983.7 million.