But the events of September 11 have cast a pall on the tourismbusiness and the Resorts expansion project is one of thecasualties, at least for the time being. Simply put, "the attackschanged everything from an economic standpoint," Resorts vicechairman Nick Ribis told reporters late last week. "There's no waywe can go to the financial markets right now."

The setback for the aging hotel property comes at a time when ithas been making some financial progress against its competition.For the first three quarters of this year, its revenues were up by$2.4 million to $186.3 million, and it cash flow had dramaticallyimproved. Casino industry observers credit the improvement in itsperformance to the property's revitalized management team under itsnew ownership.

Nor is the setback just a reflection on Resorts. Several otherexpansion projects are being delayed here, including upgradesplanned by Park Park Entertainment for its Bally's, Caesars andHilton properties. And Aztar Corp. is said to be mulling a delay ofits $225 million expansion of the Tropicana. Boyd Gaming and itsdevelopment partners are moving ahead on schedule with the newBorgata, however, and Steve Wynn has given no indication that hewill delay construction of his new property here, now in theplanning stages.

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