More on the Unfortunate Build-up of Las Vegas

Harrah’s Entertainment Chief Executive Gary Loveman once described CityCenter, built by competitor MGM Mirage, as “the sort of casino God would build if he had the money.”

Las Vegas’ casino giants did appear godlike before the recession. Theirs were among Wall Street’s highest-performing stocks, and they built on that success by constructing the world’s most expensive hotels.

In the haze of the ongoing economic hangover, these Las Vegas resorts — including some yet to be finished, such as CityCenter — look like the fevered dreams of out-of-control egos.

For the complete story, please see Liz Benston, Before recession, success further fed gaming industry’s egos, Las Vegas Sun, March 16, 2009.