Forbes is running an Associated Press story this morning that MGM Mirage's stock fell today when an analyst warnd that its high-end Las Vegas Strip properties are showing signs of weakness in the third quarter. "Matthew Jacob, an analyst with Majestic Research, said in a client note that his research indicates MGM's high-end Las Vegas Strip sites such as Mandalay Bay and MGM Grand may post a low-single-digit revenue decline for the third quarter. An apparent exception is the Bellagio casino," the AP reports. ...
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