The St. Regis Mohawks and a trust representing some major shareholders in Empire Resorts recently restarted a federal lawsuit attempting to bag USD 3 billion from the casino giant Harrah's. The suit, filed in the U.S. Northern District, dates back to 2001 and alleges that Park Place Entertainment (which was later bought by Harrah's) duped the Mohawks into bolting from the Raceway to pursue a casino at Kutsher's.
New York (Reuters) - Harrah's Entertainment Inc. plans to build a new land-based casino in Biloxi, its chief executive said on Wednesday, expanding its presence in the Mississippi Gulf Coast, which is still recovering from 2005 hurricane damage. "We will announce relatively soon a new project near our Grand facility, which we've been operating on a fairly limited scale since we were able to get it reopened after the storm (Katrina)," said Gary Loveman, Harrah's CEO.
Brussels (AP) -- Harrah's Entertainment Inc., the world's largest casino company, won EU regulatory approval Wednesday to be bought by two private equity groups for USD 17.1 billion (Euro 13 billion). The European Commission said it automatically cleared the deal after receiving no complaints from rivals and identifying no antitrust problems within 25 working days.
Las Vegas – February 28, 2007 – Harrah’s Operating Company, Inc., a subsidiary of Harrah’s Entertainment, Inc., (NYSE:HET) has opened pre-registration for the 2007 World Series of Poker Presented by Milwaukee’s Best Light, scheduled for June 1 through July 17, 2007, at the Rio All-Suites Hotel & Casino®.
New York (Reuters) - Harrah's Entertainment Inc., which agreed in December to be acquired by two private equity firms for USD 17.1 billion, posted lower-than-expected quarterly profit on Tuesday amid weak earnings at its casinos in Atlantic City, New Jersey. Increasing competition from the new Borgata casino and gaming in nearby Pennsylvania are taking their toll on Atlantic City, the second-largest gambling destination in the United States after Las Vegas.
