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Harrah's, MGM Mirage make Fortune 500

20 April 2009

By Michael Hiesiger

LAS VEGAS, Nevada -- Only two Las Vegas gaming companies made this year's Fortune 500 list, Harrah's Entertainment and MGM Mirage, Fortune magazine reported today.

Fortune's 2009 list of the largest publicly traded companies showed that Exxon Mobil Corp. overtook Wal-Mart Stores Inc. after taking in $442.85 billion in revenue last year, an increase of 19 percent from 2007. The company also reported largest annual profit, earning $45.2 billion.

Wal-Mart, which has held the top spot for six years, fell to No. 2 with revenues of $405.6 billion, up 7 percent.

Harrah's came in at No. 263 on the Fortune list, with revenues of $10.1 billion. That's down from last year when was No. 244 on the list with $10.8 billion in revenues.

MGM Mirage reported $7.2 billion in revenues and was No. 344 on the list. MGM fell from No. 323 on Fortune's 2008 list with $7.8 billion in revenues.

Las Vegas Sands just missed making the Fortune 500 list, coming in at No. 519 with $4.4 billion in revenues. It moved up on this year's list from No. 681 last year when it had $2.9 billion in revenues.

Other Nevada companies on Fortune's Top 1000 list were NV Energy, No. 608 with $3.5 billion in revenues; Wynn Resorts, No. 691 with $3 billion in revenues; International Game Technology, No. 771 with $2.5 billion in revenues; Southwest Gas, No. 867 with $2.1 billion in revenues; Americo, No. 889 with $2 billion in revenues; and Boyd Gaming, No. 967, with $1.8 billion in revenues.

Wynn Resorts was No. 731on last year's list, with $2.7 billion in revenues. IGT had $2.6 billion in revenues last year and was No. 748 on the Fortune 1000 list. Southwest Gas fell from No. 851 wtih $2.2 billion; Americo dropped from No. 873 with $2.1 billion in revenues; and Boyd dropped from No. 898 last year with revenues of $2 billion.

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