MGM Mirage revenues totaled $3.91 billion, while Mandalay reported $2.49 billion. The company has invested millions into revamping Caesars Palace, its signature property on the Las Vegas Strip.Ĭaesars led the industry with $4.17 billion in 2003 revenue, slightly ahead of Harrah’s $4.13 billion. Caesars is the largest casino owner in the world, with more than 65 million Caesars Rewards members and properties in 18 states and Canada under the Caesars, Harrah’s, Horseshoe and Eldorado brands. Under Barr’s leadership, Caesars Entertainment sold the aging Las Vegas Hilton and is using the money to pay down debt. Gallagher, who is running for Congress from Nevada, was replaced by Wally Barr.
A MGM Mirage-Mandalay combination would surpass either of the individual companies but fall short of the merged Harrah’s-Caesars company.Ĭaesars recently has emerged from a turbulent period, which saw its stock dip below $7 and its chief executive leave in 2002. It also owns and operates Harrah’s Louisiana Downs in Bossier Parish, La.Ĭaesars, which changed its name in January from Park Place Entertainment Corp., had been the world’s largest casino operator before the Horseshoe deal was completed.
To appease regulators, Harrah’s sold its Shreveport, La., casino to Boyd Gaming Corp.
