Mgm Resorts Pitches Profit Plan, 2q Results Beat Forecasts

LAS VEGAS (AP) — Casino giant MGM Resorts International has a cost-cutting and revenue-boosting plan it says will earn it an extra $300 million annually before taxes and other costs by 2017, with most centering on the Las Vegas Strip. The plan involves, in part, buying food direct from farmers and ranchers, winnowing the several different types of towels and linens in its multiple resorts, pricing its shows and meals based on demand and getting advice from other industries on streamlining labor costs.

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