MANDALAY POSTS 'STEADY' 3Q RESULTS

November 21, 2001 11:39 PM
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Mandalay Resort Group reported third-quarter operating cash flow of $152.6 million, down from $171.1 million in the prior year's quarter. Earnings per share for the quarter ended Oct. 31 was $.32 against $.38 a year ago.

The events of Sept. 11 causes a distinct falloff in visitor traffic, officials said. Prior to the attacks, the company had projected earnings per share of $.50.

Helping to offset the subpar performance was a higher hold or win percentage on table games, notably baccarat, for the quarter.

EBITDA for the properties include: $30 million, Mandalay Bay; $27 million, Luxor; $21.1 million, Excalibur; $14.7 million, Circus Circus.