Vegas’ Bullish Financial Outlook
By Linda
A parade of executives from major Las Vegas casino companies made bullish financial outlooks for the remainder of the year and early next year.

With the anniversary of the Sept. 11 terrorist attacks behind them, company chiefs said their hotels and casinos are back from a devastating decline in tourism. They also indicated that they are prepared to meet the specter of higher casino taxes and have the financial strength to continue with expansion projects and to pursue growth opportunities.

'We think Las Vegas will show tremendous growth over the next decade,' Jim Murren, chief financial officer of MGM MIRAGE, told a crowd at the Global Gaming Expo's Gaming Investment Forum Wednesday.

Companies said they expect to pay higher taxes on casino revenues in Nevada next year, but only as part of a broader-based business tax that won't just affect the gaming industry.

 
 
 
 
 
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