MANDALAY RESORT GROUP ISSUES EARNINGS FORECAST

May 04, 2001 3:10 AM
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Mandalay Resort Group on Thursday issued an earnings forecast for the first quarter ended April 30. EPS will be approximately 60 cents, compared with 58 cents in the same period last year, the company said.

It was also announced that operating cash flow will exceed last year’s, which was a company record.

The improved results were attributed to increased visitation to the Las Vegas Strip, which offset a slowdown at the company’s casinos in Laughlin and Jean, Nev., and Tunica County, Miss.

Mandalay will hold a conference call May 18 at 1:30 p.m. PDT to discuss the results.