Harrah’s extends employment agreement with its CEO and President

World leading casino operator company Harrah’s Entertainment announced this week that it has extended the existing employment agreement with Gary Loveman, the company’s Chairman, Chief Executive Officer and President.

Loveman is expected to remain in those positions following completion of the merger of Harrah’s with affiliates of TPG and Apollo Management, which is expected to occur in early 2008.

Harrah’s Entertainment is the world’s largest provider of branded casino entertainment. Since its beginning in Reno, Nevada, nearly 70 years ago, It has grown through development of new properties, expansions and acquisitions and now owns or manages casinos on four continents.

The company’s properties operate primarily under the Harrah’s, Caesars and Horseshoe brand names; Harrah’s also owns the London Clubs International family of casinos.