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Caesars Entertainment News
Analysts question Penn National's bid
30 Nov 2006
Speculation abounded Wednesday on news that regional casino operator Penn National Gaming was making a play to buy gaming industry giant Harrah's Entertainment.
Harrah's reported to be target of another takeover offer
29 Nov 2006
Las Vegas-based Harrah's Entertainment, the focus of a $15.5 billion buyout proposal from two private equity groups, may be the target of another unsolicited offer, financial television network CNBC reported Tuesday.
Penn National may lead offer for Harrah's
29 Nov 2006
News Brief: According to a source, a group led by Penn National Gaming Inc. and hedge fund D.E. Shaw is considering making a cash and stock offer for casino company Harrah's Entertainment Inc.
Harrah's Foundation contributes to Comic Relief 2006
20 Nov 2006
Continuing its 15-month effort to assist the victims of last year's devastating Gulf Coast hurricanes, the Harrah's Foundation today pledged $250,000 to "Comic Relief 2006," the all-star comedy benefit for the residents of New Orleans.
Supersized projects transforming hotel-casino financing, panelists say
15 Nov 2006
A $15.5 billion buyout offer that would take Harrah's Entertainment private may be the biggest private-equity deal the gaming industry has seen, but it probably won't be the last.
Looking in on: Gaming
14 Nov 2006
Shares of Harrah's Entertainment rose nearly 14 percent after news that two private equity firms sought to take the company private for $81 per share.
AGA considers alternative to online gambling prohibition
13 Nov 2006
The American Gaming Association's board of directors will meet next month to consider whether to lobby the next Congress to establish an independent research study of Internet gambling policy.
Pinnacle completes Lake Charles acquisition
10 Nov 2006
innacle Entertainment, Inc. has completed its acquisition of certain Harrah's Entertainment, Inc. entities that own Lake Charles gaming assets.
WSOP.com trademark lawsuit updated
9 Nov 2006
WSOP.com today provided an update in the trademark case between Federico Schiavio, owner of the World's Standard of Online Poker and Harrah's Entertainment.
One of three gaming measures passes
8 Nov 2006
Two of the three casino-related issues on ballots Tuesday were rejected by voters.
Harrah's responds to referendum outcome
8 Nov 2006
Harrah's Entertainment, Inc. has issued a statement on the outcome of Rhode Island's state ballot referendum Question 1.
Harrah's apologizes for e-mail
6 Nov 2006
News Brief: The Harrah’s Entertainment has disciplined an ‘overzealous’ staffer for sending an ‘unauthorized’ e-mail on Saturday criticizing Republican candidates opposed to the casino and endorsing Democratic candidates in tomorrow’s election.
Rhode Island parole board opposes casino
6 Nov 2006
News Brief: The Rhode Island Parole Board, which has never taken a stance on a political issue before, has come out against the proposed West Warwick casino.
Harrah's acquires controlling interest of LCI
6 Nov 2006
Harrah's Entertainment, Inc. has acquired or received acceptances for approximately 83% of the ordinary shares of London Clubs International plc.
West Warwick approves agreement
2 Nov 2006
News Brief: West Warwick council members stuck to the stances they"d taken in the past weeks, voting 3-2 to approve the agreement with Harrah"s Entertainment.
Buyout bid boosts Harrah's in October, driving index up
1 Nov 2006
A proposed $15.5 billion buyout offer by two private equity groups for Harrah's Entertainment helped to escalate the company's average daily stock price in October.
R.I. campaigns spending rises
1 Nov 2006
News Brief: Harrah’s Entertainment is spending nearly $140,000 a day trying to convince voters to amend the state Constitution for its proposed West Warwick casino.
Harrah's paid premium for Barbary Coast land
27 Oct 2006
Harrah's Entertainment is paying what amounts to $84.8 million an acre to pick up the 4.3 acre site at the corner of the Strip and Flamingo Road, the last piece of a 350-acre land parcel.
Harrah's denies rumors
27 Oct 2006
News Brief; Swatting down reports that Harrah's Entertainment is backing away from plans to develop a planned casino in Biloxi, Mississippi, senior Vice President Jan Jones said Thursday the company is committed to the project.
Las Vegas casinos spark Harrah's jump
26 Oct 2006
Harrah's, the gaming industry's largest casino company, grew revenue to $2.5 billion in the three-month period that ended Sept. 30, an 11 percent increase from $2.3 billion a year ago.
Harrah's Reports Q3 Results
25 Oct 2006
Harrah’s Entertainment reported revenues rose 11 percent to third-quarter record of $2.5 billion.
Casino company earnings: Big Six swinging big sticks
24 Oct 2006
It's likely that the Big Six gaming operators combined will hit a financial home run when they start reporting their results for the third quarter later this week.
Harrah's doesn't endorse tender offer
24 Oct 2006
Harrah's Entertainment, Inc. has received notice of an unsolicited "mini-tender" offer, made by TRC Capital Corporation, to purchase up to 1,000,000 shares of its common stock, which represents approximately 0.5 percent of the shares outstanding.
Inside gaming column: Casinos' newest pals: High netters
23 Oct 2006
A selection of news and views from inside the industry this week.
London Clubs stakeholder takes new Harrah's bid
23 Oct 2006
Las Vegas-based Harrah's said in a statement that a subsidiary of Malaysia-based Genting International, which holds almost 30 percent of London Clubs, agreed to sell its shares to Harrah's at a price higher than the company's previous offer.
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