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              [html]<thead><tr><td>Year Ended December 31</td><td>2004</td><td>% Change</td><td>2003</td><td>% Change</td><td>2002</td></tr></thead><tbody><tr><td>Net revenues................</td><td>4.238.104</td><td>10 %</td><td>$ 3.862.7</td><td>43</td><td>3 %</td></tr><tr><td>$ 3.756.928</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Operating expenses :</td><td>Casino and hotel operations</td><td>2.289.266</td><td>6 %</td><td>2.153.798</td><td>5 %</td></tr><tr><td>2.044.369</td><td>General and administrative</td><td>612.615</td><td>5 %</td><td>583.599</td><td>4 %</td></tr><tr><td>560.909</td><td>Corporate expense....</td><td>77.910</td><td>27 %</td><td>61.541</td><td>40 %</td></tr><tr><td>43.856</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Preopening, restructuring and</td><td>property transactions, net</td><td>24.566</td><td>45 %</td><td>16.922</td><td>43 %</td></tr><tr><td>11.832</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Depreciation and</td><td>amortization.........</td><td>402.545</td><td>1 %</td><td>400.766</td><td>5 %</td></tr><tr><td></td><td>381.785</td><td>3.406.902</td><td>6 %</td><td>3.216.626</td><td>6 %</td></tr><tr><td>3.042.751</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Income from</td><td>unconsolidated affiliates...</td><td>119.658</td><td>123 %</td><td>53.612</td><td>66 %</td></tr><tr><td>32.361</td><td>Operating income............</td><td>950.860</td><td>36 %</td><td>$ __699.7</td><td>29</td></tr></tbody>
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