Harrah's Entertainment, Inc.
News and overview for Harrah's Entertainment, Inc.
Vegas hit hard as Harrah s reports wider 3Q loss
Las Vegas Sun | 27 days 1 hour 24 minutes ago
Still struggling with the recession, Harrah's Entertainment Inc. of Las Vegas today posted a $1.33 billion charge against earnings to write down the value of certain assets around the country, and overall posted a third quarter loss from continuing operations after taxes of $1.621 billion.
La. casinos see 6.9 percent revenue dip
Monterey County Herald (Calif.), The | 5 days 2 hours 14 minutes ago
NEW ORLEANSLouisiana's state-licensed casinos, continuing to wade through the economic downturn like their counterparts in other states, recorded a 6.9 percent drop in gambling revenue last month from the previous October, state police reported Tuesday.
Louisiana casinos record 6.9 percent dip in winnings
Hartford Courant (Conn.), The | 4 days 8 hours 20 minutes ago
Louisiana's state-licensed casinos, continuing to wade through the economic downturn like their counterparts in other states, recorded a 6.9 percent drop in gambling revenue last month from the previous October, state police reported Tuesday.
BRIEF-Harrah's Entertainment reports Q3 results
Forbes | 27 days 7 hours 48 minutes ago
Oct 27 (Reuters) - Harrah's Entertainment Inc: * Q3 net revenue $2,282.2 million Article Controlsemail
AP State Business News
Sacramento Bee (Calif.), The | 23 days 22 hours 51 minutes ago
LAS VEGAS -- Casino operator Harrah's Entertainment Inc. says it has agreed to pay $250 million to buy back some commercial loans at a fraction of their face value.
Harrah's Entertainment buying back loans for $250M - National Business - MiamiHerald.com
Miami Herald, The | 23 days 22 hours 56 minutes ago
LAS VEGAS -- Casino operator Harrah's Entertainment Inc. says it has agreed to pay $250 million to buy back some commercial loans at a fraction of their face value.
Charity Study Shows 6M Seniors at Risk of Hunger
ABC News | 3 days 5 minutes ago
Meals on Wheels study shows 6 million seniors are at risk of hunger
Gamblers cut back and casinos struggle in 3rd qtr
Seattle Times, The | 26 days 18 hours 2 minutes ago
Gamblers are wagering less than a year ago, visiting casinos less often and holding back on extras when they do, continuing trends that left the industry struggling in the third quarter.
Charity study shows 3M seniors at risk of hunger
Las Vegas Sun | 4 days 4 hours 3 minutes ago
A new study by the Meals on Wheels Association of America shows roughly 3 million seniors are at risk of being hungry.
Charity study shows 6M seniors at risk of hunger
Las Vegas Sun | 3 days 14 hours ago
A new study by the Meals on Wheels Association of America shows roughly six million seniors are at risk of being hungry.
Meals on Wheels study shows 6 million seniors are at risk of hunger
Sun (Baltimore), The | 2 days 23 hours 45 minutes ago
A new study by the Meals on Wheels Association of America shows roughly six million seniors are at risk of being hungry.
Leveraged Buyouts Left for Dead Finding Life Trimming $527 Billion of Debt
Bloomberg | 31 days 6 hours 19 minutes ago
Oct. 23 (Bloomberg) -- The biggest leveraged buyouts from the takeover boom this decade are making a comeback in the debt market seven months after investors concluded they were almost certain to default, thanks to concessions from lenders.
Gamblers cut back, casinos struggle in 3Q
Indianapolis Star, The | 26 days 3 hours 51 minutes ago
Next Page * 1 * | 2 Previous Page LAS VEGAS -- Gamblers are wagering less than a year ago, visiting casinos less often and holding back on extras when they do, continuing trends that left the industry struggling in the third quarter.
Las Vegas on a winning streak as market rebounds; Hotels, casinos take bets on new players
HotelsMag.com | 10 days 1 hour 14 minutes ago
LAS VEGAS | The nation's struggling economy may have shattered the myth that the Las Vegas gambling industry is recession-proof, but the hotels and casinos are seeing signs that the city will be among the first to get healthy again.
Trump Unit to Seek Chapter 11
Wall Street Journal, The | 5 days 20 hours 12 minutes ago
Trump Entertainment Resorts Inc., Donald Trump's casino group, is expected to file Tuesday morning for protection from its creditors under Chapter 11 of the Bankruptcy Code, said several people familiar with the matter.
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Company Overview
| Company: | Harrah's Entertainment, Inc. |
|---|---|
| Industry: | Gambling Resorts & Casinos |
| Website: | http://www.harrahs.com |
Harrah's Entertainment likes to spread its bets. The world's largest gaming company, Harrah's owns, operates, and/or manages about 50 casinos (under such names as Bally's, Caesars, Harrah's, Horseshoe, and Rio), primarily in the US and the UK. Operations include casino hotels, dockside and riverboat casinos, and Native American gaming establishments. Harrah's acquired rival Caesars Entertainment for $9.4 billion in cash, stock, and debt. The deal cemented Harrah's as the world's #1 gaming company, jumping over the merged MGM MIRAGE/Mandalay combination. To appease regulators, Harrah's sold its Harrah's Tunica and East Chicago casinos to Colony Capital. The firm is owned by Apollo Advisors and TPG Capital.
Key Numbers
| Sales in U.S. Dollars (mil.) | 10,825.2 (2007) |
|---|---|
| One-year % Growth in Sales | 0.0 (2007) |
| Net Income in U.S. Dollars (mil.) | 619.4 (2007) |
| One-year % Growth in Net Income | 0.0 (2007) |
| Number of Employees | 87,000 (2007) |
| One-year % Growth in Number of Employees | 0.0 (2007) |
| Fiscal Year-End | December |
