Harrah's To Sell Flamingo Laughlin

29 Nov 2005

LAS VEGAS -- (PRESS RELEASE) -- Harrah's Entertainment, Inc. (NYSE:HET) today announced it has signed a definitive agreement to sell the Flamingo Laughlin hotel-casino, and an undeveloped land parcel in Atlantic City, to affiliates of American Real Estate Partners, L.P. for $170 million in cash.

The sale is subject to receipt of required regulatory approvals. Harrah's expects the transaction to close in mid-2006.

Harrah's Entertainment, Inc. is the world's largest provider of branded casino entertainment. 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.

Language: Any Language Location: Currency: > edit my preferences Home Online Slots Live Dealer Games Online Casinos Online Poker Online Bingo Games Lotteries Sports & Racebooks Fantasy Sports Forex Betting Exchanges Spread Betting Binary Options Exclusive Bonuses Weekly Newsletter Online Gaming News Payment Methods Gaming Software Gaming Site Owners Gaming Jurisdictions		Bonuses! New games! Gossip! And all the player news you can handle. Sign up NOW! View the current issue
	Harrah's To Sell Flamingo Laughlin 29 Nov 2005 LAS VEGAS -- (PRESS RELEASE) -- Harrah's Entertainment, Inc. (NYSE:HET) today announced it has signed a definitive agreement to sell the Flamingo Laughlin hotel-casino, and an undeveloped land parcel in Atlantic City, to affiliates of American Real Estate Partners, L.P. for $170 million in cash. The sale is subject to receipt of required regulatory approvals. Harrah's expects the transaction to close in mid-2006. Harrah's Entertainment, Inc. is the world's largest provider of branded casino entertainment. 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.