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Harrah's Reportedly Confident of Singapore Casino Bid

15 Jun 2005

SINGAPORE -- As reported by Marketwatch: "Harrah's Entertainment (HET) has become more confident of winning the bids for two integrated resorts with casinos in Singapore following the completion of the acquisition of rival Caesars Entertainment (CZR), The Business Times reports.

"'I don't think anyone has a chance against this combination of Harrah's and Caesars now,' Harrah's chief executive Gary Loveman told a conference call, according to the report.

"...The new confidence marks a reversal of Loveman's view in February, when he said Harrah's had less than a 50-50 chance of winning a concession..."

 
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