Traffic:   17 Incidents
Weather: 106°F Go
  05:24pm, 07/24/08
Search:    kxnt.com  Web  Audio
Local News
Posted: Monday, 12 May 2008 2:24PM

Harrah's Reports First Quarter Loss

Harrah's Entertainment is the latest casino firm to report lower revenues. The Las Vegas-based company says it lost nearly $188 million in the first quarter, compared to a profit of about $186 million a year earlier. In addition to the slowing economy, the company also blames the losses on paying off debt early and the costs of taking the company private. Despite the bad news, Harrah's says it's moving forward with several projects, including a one-billion-dollar expansion of Caesars Palace. Tha company is also expanding several other properties, including Harrah's Atlantic City and the Horseshoe in Hammond, Indiana.


TM & Copyright 2008 KXNT Radio Inc.
 
 
Top News
Two Hepatitis Sources Identified
Suspect Sought In Wal-Mart Robbery
Clark County Schools Get Annual Progress Report
New Report on Kyle Canyon Plane Crash
Lawmakers Vote For Housing Aid Bill
Rimers Indicted For Murder
Ninth Hepatitis Case Linked To Clinic
Suspicious Package Causes Strip Closure
Las Vegas Review-Journal
 
 
ADVERTISEMENT