Yes, not to mention that nearly every casino/hotel on the Strip is owned by either Caesar's Entertainment or MGM Resorts. They are huge publicly-traded companies who want to minimize risk.
MGM Resorts Properties:
Bellagio
Circus Circus
CityCenter (50% joint venture with Dubai World)
Aria Resort & Casino
Mandarin Oriental
Excalibur
Luxor
Mandalay Bay
MGM Grand
The Mirage
New York-New York
Park MGM
Caesars Entertainment Corp:
Bally's
Caesars Palace
Harrah's
The Cromwell
Flamingo Las Vegas
The Linq
Las Vegas
Planet Hollywood
Rio All Suite Hotel and Casino
MGM Resorts Properties: Bellagio Circus Circus CityCenter (50% joint venture with Dubai World) Aria Resort & Casino Mandarin Oriental Excalibur Luxor Mandalay Bay MGM Grand The Mirage New York-New York Park MGM
Caesars Entertainment Corp: Bally's Caesars Palace Harrah's The Cromwell Flamingo Las Vegas The Linq Las Vegas Planet Hollywood Rio All Suite Hotel and Casino