Big LV firms certify numbers
Wednesday, Aug. 14, 2002 | 11:05 a.m.
Big Las Vegas-based companies including MGM MIRAGE, Venetian owner Las Vegas Sands and Harrah's Entertainment on Tuesday filed certifications of their latest financial statements to the Securities and Exchange Commission.
MGM MIRAGE's Chief Executive Officer Terry Lanni and Chief Financial Officer James Murren each signed documents attesting to the accuracy and completeness of their financial reports. Harrah's Chief Executive Officer Philip Satre and Chief Financial Officer Charles Atwood also signed documents. Sheldon Adelson and Harry Miltenberger signed for The Venetian.
More than 900 of the largest SEC-registered companies are required to submit sworn statements to the regulatory agency as part of a push by the Bush administration to promote and enforce corporate responsibility. The effort is aimed at shoring up investor trust.
Statements from Park Place Entertainment Corp. and Mandalay Resort Group, the other two gaming companies on the SEC list, had not yet been posted on the agency's website as of this morning. Park Place, along with most of the other companies on the list, is expected to file in time to meet a deadline today. Other companies have later deadlines that coincide with the release of upcoming financial statements. Mandalay is expected to file by Sept. 16.
The casino industry stands relatively far apart from fears of financial manipulation because of a decades-long history of regulatory oversight aimed at making sure state governments receive taxes due on gambling revenues, Wall Street analysts and other industry observers have said.
Nevada Power Co. owner Sierra Pacific Resources of Reno, and Southwest Gas Corp. and Sierra Health Services Inc. of Las Vegas, also among Nevada's largest employers, filed similar documents with the SEC Tuesday.
Southwest Gas CEO Michael Maffie and CFO George Biehl signed statements.
"Southwest Gas has long taken a very disciplined approach to the financial reporting process, which we believe results in fair, accurate and complete SEC filings," Maffie said in a statement.
- Most Read
- Discussed
- Most E-mailed
- Corrections officer with Metro killed in U.S. 95 crash
- The pull of a drug, a push to the brink
- System fails to catch contractor’s family tie with county
- Where to watch UFC 106
- Findlay guard Joseph scores 33, talks about UNLV
- Bishop Gorman takes Sunset Region title in win over Cimarron
- UNLV and Southern Illinois will be guarded tonight
- Basic’s magical season continues with trip to state semifinals
- Was there an ulterior motive in parking the stripper-mobile?
- Reid clears major health care hurdle, daunting weeks ahead
Blogs
Culture and Entertainment
UFC 106 walk-in music: Griffin changes his tune, secures win over Ortiz
The Kats Report
For props, Lewis Black needs only his manic delivery and torrid material (7 Comments)
Elsewhere
Sands China raises $2.5 billion in Hong Kong IPO (2 Comments)
Marquardt v. Sonnen scheduled for UFC 109
Bloggity, Bloggity, Bloggity
Will a fourth consecutive title by Jimmie Johnson be good or bad for NASCAR? (4 Comments)
Top Chef: Las Vegas
The Jet Stream: And then there were four
Top Chef Episode 12: On keeping it simple
- Live chat
- Tuesday, noon PST
- Chat with Krista Creelman
- Problem Gambling Center executive director Krista Creelman will answer questions about gambling addiction from Las Vegas Sun readers from noon to 1 p.m. Tuesday, Nov. ... Submit question
Calendar »
- 22 Sun
- 23 Mon
- 24 Tue
- 25 Wed
- 26 Thu
-
The Four Tops at The Orleans Showroom
Orleans Hotel-Casino
-
The Chase at Downtown Cocktail Room
Downtown Cocktail Room | 10 p.m. to 11:59 p.m.
-
Lady Gaga album release party at Revolution Lounge
Beatles Revolution Lounge | 10 p.m. to 11:59 p.m.
-
Food drive at Christian Audigier
Christian Audigier The Nightclub | 10 p.m. to 11:59 p.m.
-
Above & Beyond at Moon
Moon Nightclub | 10 p.m. to 11:59 p.m.
The Sun
Locally owned and independent for more than 50 years.
Technorati












