MGM Resorts International (NYSE:MGM) has reported a loss in the fourth quarter.

Lean Times For MGM Resorts International (NYSE:MGM)

MGM Resorts International (NYSE:MGM) has posted a narrow loss in its fourth quarter results.

The casino operator said that it had a loss of $139 million, or 29 cents a share, during the quarter, compared with $433.9 million, or 98 cents a share, a year earlier when results were weighed down by a one-time charge.

Jim Murren, the Chief Executive Officer of MGM Resorts International (NYSE:MGM) said that, “The recovery that has been long awaited and frustrating in its timing is gaining momentum. We’ve had a consistently strong quarter so far on the convention side, with very good customer spend around events.”

MGM Resorts International (NYSE:MGM) shares are currently standing at 15.06.

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12 Month Price Change %: 36.8%