MGM Mirage Places Odds on Uptick, But Investors Don't Ante Up

Las Vegas has been mired in declines for three years, but MGM Mirage (MGM) executives say the worst of the downturn may be over. The company's fourth-quarter report shows profits still falling, but positive signs include higher convention bookings, a 44% jump in baccarat action, and higher occupancy for this month's Super Bowl than the big game in 2009. Investors, though, remain skeptical: share prices this afternoon were down nearly 6.88%, to $10.83.