MGM Expected to Disappoint with Q4 Earnings and Revenue

MGM releases its fourth quarter and full year results today. The casino giant is expected to repeat third quarter performance and post disappointing results as a slowing Chinese economy and other factors hurt business at its Macau properties. Last quarter, MGM missed analyst expectations although revenue beat estimates, but not by much. And that makes it our stock of the day. A slowdown in the Chinese economy among other factors are hurting MGM's business in Macau, where it gleans a big chunk of revenue. It is, after all, the largest gaming destination in the world. A crackdown on corruption and a smoking ban is also affecting business . Zacks reports this is keeping gamblers away, especially the VIP set. As a result, revenue and earnings at MGM Crown are expected to disappoint. MGM stock closed Friday at $21.46 per share, up 22 cents for the day. In the past year, the stock has traded as high as $28.75, with its low at $17.25 per share.