Macau bails out MGM

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The company posted a net loss of $139 million, or 29 cents a share, compared with a loss of $434 million, or 98 cents a share, in the same quarter last year. Excluding one-time items, the company lost 20 cents a share, just ahead of average analyst estimates polled by Thomson Reuters of a 22-cent loss.

MGM has struggled in recent quarters to turn a profit.