"I am pleased to report another solid quarter with double digit EBITDA (earnings before interest, taxes, depreciation and amortization) growth and increased margins, led by strength at MGM China and our Las Vegas Strip properties," Jim Murren, MGM Resorts International Chairman and CEO, said. "These results are reflective of the continued market share gains from programs such as M life and our focus on international marketing strategies combined with our best in class collection of resorts and amenities." Despite beating Wall Street's expectations with a profit of 2 cents per share, excluding one-time items, MGM Resorts International's stock price on Thursday dropped $1.25, or 6.16 percent, to $19.04 per share. According to a casino industry analyst cited by The Associated Press, disappointing third-quarter results from MGM competitor Boyd Gaming Corp. might have made investors nervous about casinos overall.