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Monkey Slots - MGM Setting Record profits

MGM Mirage, the casino firm, recently announced that their profits for the third quarter of 2006, were up an smashing 68 percent. This was largely in part to the increased revenues from slot machines and an improvement in operating costs.

Net income rose to $156.3 million, or 54 cents a share, in the July-to-September period from $93.2 million, or 31 cents a share, in the 2005 third quarter. Revenue rose 5 percent, to $1.90 billion from $1.81 billion. Analysts expected, on average, earnings of 41 cents a share on revenue of $1.83 billion, Thomson Financial said. Revenue on the Las Vegas Strip improved to $1.54 billion from $1.45 billion. MGM said it also posted a 5 percent gain in revenue per available room on the Las Vegas Strip, to $135 from $128.

Today, November 3rd 2006, rumors started circling that MGM is in talks of possibly purchasing some of the biggest names in online slots. These include Party Gaming and 888 casino holdings. While 888 offers more slots, Party gaming has the largest customer base. Monkey slots will keep you posted on any further news.