Harrah's Entertainment, Inc.

News and overview for Harrah's Entertainment, Inc.

La. casinos see 6.9 percent revenue dip - National Business - MiamiHerald.com
Miami Herald, The | 6 days 48 minutes ago
Connecticut's two casinos say slot machine revenue dropped about 4 percent in October compared with the same month last year.


Louisiana casinos record 6.9 percent dip in winnings
Hartford Courant (Conn.), The | 5 days 6 hours 29 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 | 28 days 5 hours 57 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 | 24 days 21 hours 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 | 24 days 21 hours 5 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 22 hours 14 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 | 27 days 16 hours 11 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 | 5 days 2 hours 12 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 | 4 days 12 hours 9 minutes 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 | 3 days 21 hours 54 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 | 32 days 4 hours 28 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 | 27 days 2 hours 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 23 hours 23 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.


La. casinos see 6.9 percent revenue dip
Monterey County Herald (Calif.), The | 6 days 23 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.


Trump Unit to Seek Chapter 11
Wall Street Journal, The | 6 days 18 hours 21 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