harrahs

Charles L. Atwood, Vice Chairman Industry Entertainment & Hospitality Products Casino Games

Resorts Revenue ? $10.8 billion USD (2007) Owner Hamlet Holdings Employees 85,000 (2005) Website www.harrahs.com Harrah's Entertainment Inc.'s former headquarters and current corporate offices

Harrah's Entertainment, Inc. is a private gaming corporation that owns and operates casinos, hotels, and six golf courses under several brands. The company, based in Las Vegas, Nevada, is the largest gaming company in the world, with yearly revenues around $10.8 billion. Harrah’s is owned by Hamlet Holdings[1] (Apollo Management and Texas Pacific Group). While Apollo and TPG own a large majority, Blackstone Group LP owns a minority stake in Harrah's. [2] Contents [hide] 1 History 1.1 William F. Harrah era (1937-1978) 1.2 Post William F. Harrah era 2 Properties 3 See also 4 References 5 External links //

History

William F. Harrah era (1937-1978)

The company known as Harrah's Entertainment was founded on October 30, 1937 as a small bingo parlor in Reno, Nevada operated by William F. Harrah.[3][4] The company went public in 1971 with 450,000 shares. Following that, in 1972, it was listed on the American Stock Exchange and in 1973 Harrah's became the first casino company listed on the New York Stock Exchange.

Company founder William F. Harrah died in 1978.

Post William F. Harrah era This section may require cleanup to meet Wikipedia's quality standards.

Please improve this article if you can. (January 2008) February 1980 – Holiday Inns, Inc. acquires Harrah's Las Vegas. Holiday Inn at the time had 1,600 hotels and interests in two casinos, a casino under construction in the marina district in Atlantic City, New Jersey, and a 40 percent ownership interest in River Boat Casino, Inc., a casino adjacent to the Holiday Inn hotel on the Las Vegas Strip.[5][4] In November, Harrah's Marina opens.[4] July 1987 – Bill's Casino opens.[4] August 1988 – Harrah's Laughlin opens.[4] January 1990 – Bass PLC acquires the Holiday Inn hotel business and The Promus Companies is created to retain the remaining assets and brands.[4] Promus stock began trading a month later (NYSE:PRI). 1991 – Company headquarters is moved from Reno, Nevada to Memphis, Tennessee[5] April 1992 – Holiday Las Vegas is converted to a Harrah's casino.[4] May 1993 – Harrah's Joliet opens;[4]* November: Harrah's Vicksburg and Harrah's Tunica open.[4] April 1994 – Harrah's Shreveport opens.[4] June 1995 – The company is renamed to Harrah's Entertainment, Inc. following the split off of the Promus hotel brands (Embassy Suites, Hampton Inn, and Homewood Suites).[4] March 1997 – Harrah's St. Louis-Riverport opens; May sees the consolidate of two Mississippi properties into the new Tunica Mardi Gras; September: Total Gold is launched; October: Harrah's completes $200