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by Michael J. Shapiro | November 09, 2011

 MGM Resorts International reported its third consecutive quarter of year-over-year increases in revenue and adjusted property EBITDA, the company announced last week, and the forecast was positive. “Our forward booking trends remain strong both for our consumer retail segments and corporate events,” said MGM chairman and CEO Jim Murren in a conference call. Revenue per available room at the company’s Las Vegas Strip properties grew by 13 percent over the last year’s third quarter, while occupancy at Strip properties was up 2 percent, to 95 percent for the quarter, and the average daily room rate rose to $124, an increase of nearly 12 percent.