Online Casino Gambling News - by Gamblers Lodge

Casino gambling in Las Vegas is as strong as ever – and the third quarter financial reports for MGM Mirage prove just that.

The casino resort, MGM Mirage, has reported its highest adjusted earnings, which rose from $.34 to $.57 per diluted share. This 68% increase is largely due to concentrated improvements within the casino resort itself, a 5% increase in casino income, a 9% increase in the casinos slots revenue and a thriving Las Vegas city.

MGM also reported a 10% increase in revenue for each room in the casino resort, which also represents a growing trend in the resort since 2002.

Even with lower table game percentages, which potentially could have caused the casino to gain debt percentage, the casino and resort has offset all losses by a steady increase in revenue at their slot machines and the hotel resort itself.

Predictions for the fourth quarter and through fiscal year 2005 are that these growing trends continue for the Mirage, based on the demand by Las Vegas casino goers. So long as the company continues to focus their efforts in the resort itself, the company will continue to profit, no matter the status of their casino table games. The nature of casinos is that revenue from gambling will always fluctuate – it is the nature of the beast. It is customer service and hospitality, which will always keep patrons coming back and spending more.