“However, our fourth quarter results were below our expectations, primarily due to lower than expected hold, weakness in Far East baccarat, and certain one-time items. “We are proud of the progress we made during 2019 as we took important steps to evolve our organization,” said Jim Murren, Chairman and CEO of MGM Resorts. Excluding Circus Circus Las Vegas, which was sold in December 2019, and the impact of the insurance proceeds discussed above, consolidated Adjusted EBITDAR increased 3% compared to the prior year quarter. Consolidated Adjusted EBITDAR ( 2 ) decreased 3% to $682 million in the current quarter compared to $703 million in the prior year quarter, primarily attributable to a decrease in tables games revenues driven by Far East baccarat at the Company’s domestic resorts and the inclusion of $24 million in insurance proceeds in the prior year quarter.
