MGM Mirage Profit Up With Gambling

MGM Mirage, the second-biggest casino owner, said fourth-quarter profit rose 65% as more gamblers visited its Las Vegas properties a year after the Sept. 11 attacks.

Net income for the company controlled by billionaire Kirk Kerkorian rose to $39 million, or 25 cents a share, from $23.7 million, or 15 cents, a year earlier. Revenue rose 10% to $983 million, the company said.

Shares of the Las Vegas-based owner of the Bellagio, Treasure Island and MGM Grand rose 65 cents to $26.50 on the NYSE.