MGM said Wednesday that a short-lived wave of cancellations has ended and bookings are almost back to normal.

According to the company, revenue from the Las Vegas Strip will drop by a low- to mid-single digit percentage in the fourth quarter, that’s primarily because of ongoing work in transforming the company’s Monte Carlo property to Park MGM. 

Investors responded to the bookings rebound by sending MGM shares up the most in a year.

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