Las Vegas casino executives say the building boom in Las Vegas is over, at least for the next decade.

The heads of the MGM Mirage, Sands, and Harrah's talked about the future of our city in an article in Sunday's Wall Street Journal.

Las Vegas has been spending a lot of money on projects like MGM Mirage's CityCenter, but when the economy tumbled so did plans for the future. According to the Wall Street Journal, many casino executives plan on keeping expenses under control, even when the economy recovers.

MGM Mirage Chief Executive Jim Murren was quoted as saying "The old model has been thrown out the window".

Gary Loveman, who heads up Harrah's Entertainment said "People were drunk on the use of capital and used it to solve every problem. Clearly that can't continue".

And when asked about investing further in Las Vegas, Sheldon Adelson, the Chief Executive of the Las Vegas Sands said "I'm already fulfilled in Las Vegas. I don't see the need for any more."

Source: ktnv.com

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