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Arnold M. Knightly Gaming Guru - Page 12Harrah's announces Team Earth partnership22 September 2009
LAS VEGAS, Nevada -- Harrah's Entertainment on Monday announced it is joining with four corporations and three environmental organizations as founding members of a partnership focusing on environmental issues.
"Team Earth unites businesses, nonprofit organizations, scientists, educators and engaged ... (read more)
Harrah's buys Ohio racetrack for $89.5 million16 September 2009
LAS VEGAS, Nevada -- Harrah's Entertainment's continued willingness to spend tens of millions of dollars to pursue growth opportunities -- even while the company is trying to work down the largest debt load in the casino industry -- is getting some cautious nods of approvals from analysts and ... (read more)
Harrah's buying up Planet Hollywood's debt15 September 2009
LAS VEGAS, Nevada -- Harrah's Entertainment is buying up the Planet Hollywood Resort's debt in what an analyst said could be a bid to take over the financially troubled Strip property.
Sources confirmed this weekend that Harrah's has bought a portion of the $860 million debt load that is ... (read more)
Harrah's makes move into UK via Web14 September 2009
LAS VEGAS, Nevada -- Harrah's Entertainment and a London-based online gaming company Friday announced an agreement that will help the casino giant enter the United Kingdom's online casino market with its Caesars Casino and World Series of Poker brands.
888 Holdings will provide Harrah's with online poker ... (read more)
Harrah's moves to decrease debt load9 September 2009
LAS VEGAS, Nevada -- Harrah's Entertainment is offering investors new notes in an attempt to reduce its $19.3 billion debt load, the company announced Tuesday.
The Las Vegas-based gaming giant plans to issue $720 million in new senior secured notes due in 2017 to buy down a portion of Harrah's existing ... (read more)
Station's Michigan project ready to break ground4 September 2009
LAS VEGAS, Nevada -- Construction on an American Indian casino in Michigan that will be managed by Station Casinos will break ground in two weeks, the tribe building the casino announced Thursday morning.
The project, however, will be built in phases because of the economy.
The $157 million Gun Lake Casino will break ground Sept. ... (read more)
Privé gets limited liquor license2 September 2009
LAS VEGAS, Nevada -- County commissioners are keeping the Privé nightclub at Planet Hollywood Resort on a short leash, at least for a few more weeks.
Commissioners on Tuesday opted not to issue Privé an extended temporary liquor license and ordered officials from the nightclub and resort to return for another hearing Oct. ... (read more)
Station Casinos' creditors file new objection1 September 2009
LAS VEGAS, Nevada –- Unsecured creditors on Monday filed a second objection to parts of Station Casinos' plans to fund continuing operations while the locals gaming company is in bankruptcy.
The objection asks the judge to view portions of Station's proposals related to interest-rate swaps as illegal. ... (read more)
Teacher's union to avoid Harrah's Hotels28 August 2009
LAS VEGAS, Nevada –- One of the nation's largest teachers unions is pulling its business from Harrah's Entertainment in a show of solidarity with a sister dealers union in Atlantic City that is still without a contract.
Randi Weingarten, president of the 1.4 million-member American Federation of Teachers, sent a letter dated Aug. ... (read more)
Station Casinos bondholders object to motions28 August 2009
LAS VEGAS, Nevada –- The bondholders in the Station Casinos bankruptcy could be trying to position themselves to bring lawsuits in the 2007 multibillion-dollar buyout.
The committee of unsecured creditors is asking the bankruptcy court to protect the creditors' ability to further investigate the ... (read more)
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