Casino group is hit by downturn

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Casino group MGM Mirage saw second-quarter profits fall, as the recession hit its US gambling empire.

MGM Mirage, which runs 20 casinos in Nevada, Michigan, Mississippi, Illinois and China, lost $212.6m in the three months to the end of June.

Chief executive Jim Murren said: “The operating environment, we think, will remain choppy in the near term.”

Regulators in New Jersey are reviewing the firm’s gaming licence over concerns about Pansy Ho, its partner in Macau.

Accusations that her father, Stanley Ho, has links to organised crime have never been proven.

Warwick Bartlett, the chief executive of Global Betting and Gaming Consultants, told the BBC that the industry was “quite surprised” by New Jersey’s decision to review MGM Mirage’s licence.


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