(Source: Wall Street Journal)

After a six-year building frenzy that transformed this city, casino companies are shifting strategies dramatically toward slower growth, paying down debt and cutting back on spending.

Many casino executives don’t expect to break ground on another major building project in Las Vegas for at least 10 years.

“The old model has been thrown out the window,” says MGM Mirage Chief Executive Jim Murren.

Read Alexandra Berzon’s full article “Vegas Casinos Fold on Expansion Plans” in the Wall Street Journal (October 5, 2009).

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