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MANDALAY BAY ESTIMATES MILD EARNINGS

Nov 8, 2001 1:19 AM

Mandalay Bay Resort Group estimates third quarter earnings of between $.32 and $.34, compared to $.38 in the same period last year.

The company's operating cash flow (EBITDA) lags last year's EBITDA by about 10% in the quarter that ended Oct. 31.

Previously, Mandalay Bay announed its results would be significantly lower after the Sept. 11 terrorist attacks.