Shares of Mandalay Resort Group ( MBG) were up about 3% after the company said revenue per available room in its five Las Vegas strip properties will rise in August.

Recently, shares were up 92 cents to $29.33 on the New York Stock Exchange.

The shares fell Tuesday after the company said its fourth-quarter earnings were flat with last year's. The company owns the Luxor and Mandalay Bay properties in Las Vegas, among 9 others, and said a tax increase lowered the quarter's results to just under those of a year ago.

The company earned $29.3 million, or 41 cents a share, compared with $30.5 million, or 40 cents a share, a year ago. On an operating basis, Mandalay earned 51 cents a share, a penny below analyst estimates of 52 cents. The operating figure excludes nonrecurring items and is before taxes, the company said.

Revenue was $625.8 million, compared with $644.2 million last year.

A gaming tax hike imposed by Illinois legislators on the company's Illinois-based riverboat casino, Grand Victoria, of which it owns 50%, was enough to bring its total quarterly earnings down by 2 cents, enough to miss the Wall Street analyst consensus.

If you liked this article you might like

Hot Topic's Relief Bounce

Hot Topic's Relief Bounce

Limited Brands Profit Jumps

Limited Brands Profit Jumps

Glitch Lingers at Ross Stores

Glitch Lingers at Ross Stores

Dillard's Halves Loss

Dillard's Halves Loss

Do-It-Yourself Boost for Economy

Do-It-Yourself Boost for Economy