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Caesars Entertainment News
Harrah's Exec Optimistic About Rhode Island Plans
20 Jul 2004
News Brief: Las Vegas casino titan Gary Loveman sounded an upbeat note yesterday on his drive to build a giant Rhode Island casino, even as political clouds gather over the once-bright project.
Caesars CEO in Line for $17 Million Merger Bonus
19 Jul 2004
Caesars Entertainment Inc. Chief Executive Wally Barr stands to receive at least $17 million under an employment contract if he resigns from Caesars as anticipated after a pending acquisition by Harrah's Entertainment Inc. is consummated.
Merger Agreement: 'Another Level' of Gaming
19 Jul 2004
Industry insiders who have sized up the proposed $9.4 billion merger between Harrah's Entertainment and Caesars Entertainment said Friday the deal -- if it gets done -- will possibly create the most powerful marketing tool in gaming.
Harrah's-Caesar Merger Faces Identity Issue
16 Jul 2004
News Brief: Harrah's, which is acquiring Caesars, must integrate some of the country's most extravagant gaming palaces into its relatively staid portfolio.
Wall Street Reacts Negatively to Merger
16 Jul 2004
all Street reacted swiftly and negatively to Thursday morning's announcement of the gaming industry's latest megadeal creating a gaming behemoth with annual revenues of more than $9 billion.
Harrah's, Caesars Merger to Impact Mississippi Market
16 Jul 2004
News Brief: A proposed merger between Harrah's Entertainment and Caesars Entertainment could have a major impact on the Mississippi casino market.
Mergers Raise Concern
16 Jul 2004
News Brief: The mergers of the gaming industry’s top four companies into two mega-companies has drawn the intense interest of antitrust regulators.
Tourists Not Wild about New Merger
15 Jul 2004
For many Strip tourists who learned this morning of Harrah's Entertainment Inc.'s blockbuster acquisition of Caesars Entertainment Inc., bigger doesn't necessarily mean better.
Minority Vendors Divided on Mergers
15 Jul 2004
Minority small business people attending the MBE Showcase 2004 had mixed opinions about how the proposed mergers of major gaming companies will affect their chances of doing business with those companies.
Caesars Board Accepts Harrah's Offer
15 Jul 2004
An agreement in principle for Harrah's Entertainment to buy Caesars Entertainment for about $17 a share, or roughly $10 billion, was approved by each company's board of directors late Wednesday.
Harrah's Entertainment Increases Quarterly Cash Dividend
15 Jul 2004
The board of directors of Harrah's Entertainment have increased the regularly quarterly cash dividend 10 percent, to 33 cents per share.
Update: Harrah's Near Deal to Buy Caesars
14 Jul 2004
News Brief: Harrah's Entertainment Inc. is near an agreement to acquire Caesars Entertainment Inc. for about $10 billion, including debt, creating the largest casino operator in the world.
Upping The Ante: Harrah's Courts Caesars
14 Jul 2004
In a classic play of one-upmanship, Harrah's Entertainment is negotiating to buy Caesars Entertainment and create a gaming company that would surpass even the combined MGM Mirage-Mandalay Resort Group in size, sources said Tuesday.
Harrah's Policy on Appearance Draws Criticism
13 Jul 2004
News Brief: In recent years, Harrah’s has instituted a number of rules for its workers across the country that has drawn criticism and lawsuits.
Rhode Island Court to Hear Casino Referendum Case
13 Jul 2004
News Brief: The Rhode Island Supreme Court will hear oral arguments next month on whether a proposed casino referendum is prohibited by the Rhode Island Constitution.
Three Harrah's Executives Named
12 Jul 2004
David Carroll, vice president of human resources at Horseshoe Gaming Holding Corp., joins Harrah's as Central Division vice president of human resources.
Harrah's Names New Vice Presidents
9 Jul 2004
David Carroll and Chris Corrado have been named Harrah's Central Division vice presidents, Harrah's Entertainment, Inc. reports. The company also named Michael O'Hagan vice president of Harrah's Operating Company, a subsidiary of Harrah's Entertainment.
Harrah's Tops Casino Player's Best of Gaming Awards
9 Jul 2004
For the fifth consecutive year, Harrah's Entertainment, Inc. received more awards than any other casino operator in Casino Player's Best of Gaming Awards, the magazine's annual poll of gaming customers from across the country.
Gambling Companies Offer Credit Card Reward Program
5 Jul 2004
News Brief: The three biggest gambling companies in the nation have teamed up with major banks to create credit card reward programs in which members can redeem points at their resorts.
Harrah's Entertainment Completes Acquisition of Horseshoe Gaming
2 Jul 2004
Harrah's Entertainment, Inc. has completed its previously announced acquisition of Horseshoe Gaming Holding Corp.
Harrah's Amends Revolving-Credit Agreement
24 Jun 2004
Harrah's Entertainment has amended the terms and increased the borrowing capacity of its bank credit facilities from $1.0625 billion and $900 million reducing facility to a $2.5 billion.
Harrah's Approved for Pennsylvania Racetrack Deal
24 Jun 2004
arrah's Entertainment has received approval from the Pennsylvania State Harness Racing Commission to acquire a 50 percent interest in Chester Downs & Marina.
Rhode Island Casino Vote Approved
23 Jun 2004
News Brief: The Rhode Island House and Senate yesterday approved slightly different bills to allow a statewide referendum in November on the proposed casino that Harrah's Entertainment is seeking to build, with a promised cut to the Narragansett Indians.
Harrah's to Appeal Ruling on Patents
22 Jun 2004
Harrah's Entertainment Inc. intends to appeal a federal court decision in Las Vegas last month favoring rival Station Casinos Inc.
Harrah's Entertainment to Appeal Station Casinos Patent Ruling
22 Jun 2004
Harrah's Entertainment, Inc. said it plans to appeal a recent decision by the United States District Court for the District of Nevada granting a Station Casinos, Inc. motion for summary judgment in patent litigation between the two companies.
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