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MGM Mirage says its fourth-quarter profit soared, primarily on a hefty gain related to its CityCenter project.

The Las Vegas-based casino operator says net income surged to $872.2 million, or $2.85 per share, from $201.6 million, or 69 cents per share, in the prior year.

The company says earnings from continuing operations jumped to $870.8 million, or $2.85 per share, from $199.1 million, or 68 cents per share.

MGM (MGM, Fortune 500) says quarterly revenue rose 4 percent to $1.93 billion from $1.85 billion a year earlier payday loans.

Analysts polled by Thomson Financial expected net income of 55 cents per share on revenue of $1.92 billion.

Quarterly results included a $1.03 billion gain related the contribution of CityCenter to a joint venture. 

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