Three LV casino operators on list of nation’s largest firms
Monday, April 2, 2001 | 11:10 a.m.
NEW YORK -- Surging energy prices in the United States gave oil, gas and power companies new fuel in their ascension of the annual Fortune 500.
Oil giant Exxon Mobil Corp. surpassed automaker General Motors Corp., rising to No. 1 from No. 3 with the company's highest-ever $210 billion in revenue for 2000. GM, which had revenue of $184.6 billion, fell to No. 3.
The list of the largest publicly held companies, ranked by fiscal year 2000 revenues, has been compiled annually since 1955 by the editors of Fortune. GM, which had held the top spot on the list for 15 years, now trails No. 2 Wal-Mart Stores Inc. in addition to Exxon Mobil.
Three Nevada companies -- all Las Vegas-based hotel-casino operators -- are on the new Fortune list.
They are:
* No. 355, Park Place Entertainment Corp., up from No. 484 last year with 2000 revenue of $4.896 billion.
* No. 470, Harrah's Entertainment Inc., up from No. 501 with revenue of $3.471 billion.
*No. 496, MGM MIRAGE, up from 899 with revenue of $3.232 billion.
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