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MGM Resorts International returns to profit in 2Q

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LAS VEGAS (AP) — MGM Resorts International reported a profit for its second quarter on Tuesday, helped by an IRS audit settlement and a strong showing among its properties on the Las Vegas Strip. CEO Jim Murren touted several new projects aimed at keeping the casino company ahead of the pack in Las Vegas, including a $375 million arena under construction on the Strip, new restaurants and an interactive Hershey's store that debuted in June. Progress on an MGM casino in Cotai, which will have three times as many hotel rooms as the existing MGM Macau casino, is on budget and on schedule to open in 2016, according to company officials. Reported by SeattlePI.com 6 hours ago.

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