Harrah's Entertainment, Inc.
News and overview for Harrah's Entertainment, Inc.
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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 |