Losses fall at MGM Resorts

MGM Resorts International, which sources said last week plans to publicly list shares in its Macau operations at the end of February, has reported a smaller loss in the fourth quarter. The casino operator posted a net loss of $139.2m (£86.8m), or 29 cents a share, compared with a net loss of $433.9m, or 98 cents a share, last year. Net revenue was $1.5bn, in line with analyst estimates.