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Sunday, September 18, 2005

btdino leading news

Speaking at the Global Gaming Expo 2005, Terry Lanni, chairman and CEO of MGM MIRAGE, and Gary Loveman, president and CEO of Harrah’s Entertainment said their companies remain committed to the Gulf Coast and predicted the region would prosper again despite the devastating impact of Hurricane Katrina.

At the keynote session, Lanni and Loveman indicated rebuilding efforts in Mississippi may in fact result in new gaming facilities that are more luxurious and boast a wider range of first-class non-gaming amenities than previously existed.

Loveman said: “When we rebuild our properties in the area, we expect to provide a wider range of entertainment options for our customers.”

Lanni noted that MGM MIRAGE’s Biloxi property, the Beau Rivage, already was considered a state-of-the-art property before the storm, and he indicated the company intends to rebuild using the same high standard.

One issue both executives will be closely watching in the coming weeks is the state legislature’s decision about whether to allow the Gulf Coast casinos to rebuild on land instead of water. Loveman said: “Absolutely nothing has been gained by having the casinos on water. These are regular businesses and should be on land like any other business.”