Leading the Hot Topics List, MGM mirage Reports Dismal Fourth Quarter.

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Cutting costs helped casino operator MGM Mirage(NYSE:MGM) narrow its fourth-quarter loss as its $8.5 billion City Center complex opened on the Las Vegas Strip, but the loss it reported Thursday was greater than analysts expected.

City Center -- a joint venture with Dubai's government that MGM Mirage touted as the most expensive private development in North America and the largest private job creator in the U.S. last year -- hired some 12,000 workers. And its launch has provided a spark to the soft Las Vegas market.

About MGM Mirage:

MGM MIRAGE, through its subsidiaries, owns and operates casino resorts in the United States. The company’s resorts offer gaming, hotel, dining, entertainment, retail, and other resort amenities. It also owns and operates golf courses and a golf club. As of December 31, 2008, the company’s properties consisted of 17 wholly-owned casino resorts and 50% investments in 4 other casino resorts. MGM MIRAGE also operates luxury hotels in the Middle East and Asia. It has a strategic alliance with the Mashantucket Pequot Tribal Nation, which owns and operates a casino resort under the MGM Grand brand name in Ledyard, Connecticut. The company, formerly known as MGM Grand, Inc., was founded in 1986 and is based in Las Vegas, Nevada. MGM MIRAGE is a subsidiary of Tracinda Corporation

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