Harrah's acquires controlling interest of LCI

6 Nov 2006

LAS VEGAS, Nevada -- (PRESS RELEASE) -- Harrah's Entertainment, Inc. (NYSE:HET) today announced that it has acquired or received acceptances for approximately 83% of the ordinary shares of London Clubs International plc. Harrah's anticipates controlling 100% of London Clubs by the end of the fourth quarter 2006.

London Clubs currently operates seven casinos in the United Kingdom and has an additional four under development. In addition, LCI operates two casinos in Egypt, one in South Africa and has a consulting relationship with a casino in Lebanon.

"London Clubs' experienced, multi-national management team strengthens our existing team, enhancing Harrah's international expansion opportunities," said Gary Loveman, chairman, CEO and president of Harrah's. "Additionally, the London Clubs properties will strengthen our position in the evolving regulatory framework in the United Kingdom and we are looking forward to working closely with the London Clubs management team."

Harrah's Entertainment, Inc. is the world's largest provider of branded casino entertainment through operating subsidiaries. Since its beginning in Reno, Nevada 68 years ago, Harrah's has grown through development of new properties, expansions and acquisitions. Harrah's Entertainment is focused on building loyalty and value with its customers through a unique combination of great service, excellent products, unsurpassed distribution, operational excellence and technology leadership.

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	Harrah's acquires controlling interest of LCI 6 Nov 2006 <a href='https://ad.casinocity.com/adclick.php?n=a21efcd1'><img src='https://ad.casinocity.com/adview.php?what=-site:vendors/width:250/RON&n=a21efcd1' border='0' alt='' /></a> LAS VEGAS, Nevada -- (PRESS RELEASE) -- Harrah's Entertainment, Inc. (NYSE:HET) today announced that it has acquired or received acceptances for approximately 83% of the ordinary shares of London Clubs International plc. Harrah's anticipates controlling 100% of London Clubs by the end of the fourth quarter 2006. London Clubs currently operates seven casinos in the United Kingdom and has an additional four under development. In addition, LCI operates two casinos in Egypt, one in South Africa and has a consulting relationship with a casino in Lebanon. "London Clubs' experienced, multi-national management team strengthens our existing team, enhancing Harrah's international expansion opportunities," said Gary Loveman, chairman, CEO and president of Harrah's. "Additionally, the London Clubs properties will strengthen our position in the evolving regulatory framework in the United Kingdom and we are looking forward to working closely with the London Clubs management team." Harrah's Entertainment, Inc. is the world's largest provider of branded casino entertainment through operating subsidiaries. Since its beginning in Reno, Nevada 68 years ago, Harrah's has grown through development of new properties, expansions and acquisitions. Harrah's Entertainment is focused on building loyalty and value with its customers through a unique combination of great service, excellent products, unsurpassed distribution, operational excellence and technology leadership.