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twitterLV resort operator’s business picks up
Friday, Feb. 7, 2003 | 10:04 a.m.
Mandalay Resort Group said Thursday that it expects to somewhat exceed analysts' fiscal fourth-quarter earnings for the company of about 12 cents per share.
Last month Mandalay had said its earnings for the quarter would be closer to 10 cents rather than analysts' then-estimates of about 20 cents per share.
Separately, Bloomberg News quoted sources as saying Mandalay would privately sell $300 million of 10-year notes as soon as today. The proceeds would refinance debt.
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