Wednesday, May 5, 2010

Gaming execs: Las Vegas business showing signs of improvement

Operators of Las Vegas' Hard Rock Hotel say the free fall on hotel rates has ended in other properties run by the Morgans Hotel Group in other cities and a similar pattern is emerging in Las Vegas.


Frederick Kleisner, CEO and a director for New York-based Morgans, told the state Gaming Control Board today that the company has seen a pattern of event-driven demand, followed by sustained demand and the driving of higher rates in New York, Los Angeles and Miami.

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