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MGM Resorts releases 4th quarter report

Posted at 5:19 PM, Feb 16, 2017
and last updated 2017-02-16 20:19:03-05

MGM Resorts International released its fourth quarter 2016 report that shows a net revenue increase.

The net revenue is $2.46 billion, up 12 percent over 2015.

However, the gaming giant did quite meet Wall Street expectations, which generated a sell-off.

MGM stock finished the day down more than 9 percent.