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BUSINESS
April 15, 2006 | From the Associated Press
Harrah's Entertainment Inc.'s requirement that female bartenders wear makeup at its casinos does not amount to sex discrimination, the 9th U.S. Circuit Court of Appeals ruled Friday in a split decision. Lawyers for Harrah's said the 7-4 ruling against Darlene Jespersen, who was fired in 2000 for refusing to wear makeup after 21 years as a bartender at Harrah's in Reno, affirms the right of employers to adopt reasonable dress and grooming standards.
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BUSINESS
December 25, 2007 | From Times Wire Services
Harrah's Entertainment Inc. has tentatively cleared the last remaining regulatory hurdle to the largest casino buyout ever. Las Vegas-based Harrah's said the National Indian Gaming Commission had approved the company's $17.7-billion purchase by private equity buyers Apollo Management and Texas Pacific Group, pending final commission review. That conditional approval means Harrah's can go forward with the deal, which is expected to close in early 2008. No further regulatory approval is required.
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ENTERTAINMENT
February 22, 2006 | From Associated Press
Celine Dion and Elton John sang together for the first time at a Las Vegas benefit to raise money for Harrah's Entertainment Inc. workers affected by last year's hurricanes. The pair, who sang duets of "Sorry" and "Saturday Night" before a packed Colosseum at Caesars Palace on Monday night, also were joined by Jerry Seinfeld to raise $2.1 million for about 8,000 casino workers in the Gulf Coast region. The money came on top of $4.
BUSINESS
February 28, 2007 | From the Associated Press
Harrah's Entertainment Inc., the world's largest casino company by revenue, said it swung to a fourth-quarter profit from a year-earlier loss that included hurricane-related costs and write-offs for planned property sales. Harrah's is being purchased by a group including Texas Pacific Group and Apollo Management for $17.1 billion. Its board approved the deal in December, and Chief Executive Gary Loveman said Tuesday that the shareholder vote had been set for April 5 in Las Vegas.
BUSINESS
June 9, 2005 | From Associated Press
The Federal Trade Commission gave Harrah's Entertainment Inc. permission for its $5.2-billion acquisition of Caesars Entertainment Inc., according to two sources familiar with the deal. An FTC spokesman said the agency would have no announcement, but the sources, including a Harrah's executive with knowledge of the transaction, confirmed federal regulatory approval had been granted. The approval leaves Harrah's one step closer to regaining its title as the world's biggest gambling company.
BUSINESS
March 4, 2005
Harrah's Entertainment Inc. has suspended the operations of an online gambling site based in Britain after posting losses of $9.3 million last year. The former site, called LuckyMe, was introduced in November 2003 for British bettors and was suspended in October 2004.
BUSINESS
February 28, 2007 | From the Associated Press
Harrah's Entertainment Inc., the world's largest casino company by revenue, said it swung to a fourth-quarter profit from a year-earlier loss that included hurricane-related costs and write-offs for planned property sales. Harrah's is being purchased by a group including Texas Pacific Group and Apollo Management for $17.1 billion. Its board approved the deal in December, and Chief Executive Gary Loveman said Tuesday that the shareholder vote had been set for April 5 in Las Vegas.
BUSINESS
December 25, 2007 | From Times Wire Services
Harrah's Entertainment Inc. has tentatively cleared the last remaining regulatory hurdle to the largest casino buyout ever. Las Vegas-based Harrah's said the National Indian Gaming Commission had approved the company's $17.7-billion purchase by private equity buyers Apollo Management and Texas Pacific Group, pending final commission review. That conditional approval means Harrah's can go forward with the deal, which is expected to close in early 2008. No further regulatory approval is required.
BUSINESS
February 5, 1998 | From Times Wire Services
Aetna Inc. said it returned to profitability in the fourth quarter as results in its managed-care health insurance business stabilized. Fourth-quarter net income for Hartford, Conn.-based Aetna, including a gain, was $273.9 million, or $1.71 per share, contrasted with a net loss of $107.1 million, or 80 cents, a year ago. Harrah's Entertainment Inc. said fourth-quarter earnings fell to $19.1 million before charges, or 19 cents a diluted share, compared with $22.
NEWS
January 15, 1998 | Associated Press
Three months after the slot machine she fed $100 worth of quarters locked on a row of cherries, a retired farm worker is getting her $330,000 jackpot. Harrah's Ak-Chin Casino, on an Indian reservation just south of Phoenix, had voided the prize because of what it said was a computer glitch in the machine. Herminia Rodriquez, 64, took her case to the media last week, and she said that helped push Harrah's Entertainment Inc. to pay up.
BUSINESS
September 1, 2006 | From the Associated Press
Harrah's Entertainment Inc. said it would buy London Clubs International for $530 million, a deal analysts hailed as a strategic move to expand overseas and perhaps benefit from deregulation in Britain. London Clubs operates six casinos in Britain and has five more under development. It also operates casinos in Egypt and South Africa and has a consulting stake in another in Lebanon. Las Vegas-based Harrah's is the world's biggest casino company, operating and managing about 40 properties.
BUSINESS
April 15, 2006 | From the Associated Press
Harrah's Entertainment Inc.'s requirement that female bartenders wear makeup at its casinos does not amount to sex discrimination, the 9th U.S. Circuit Court of Appeals ruled Friday in a split decision. Lawyers for Harrah's said the 7-4 ruling against Darlene Jespersen, who was fired in 2000 for refusing to wear makeup after 21 years as a bartender at Harrah's in Reno, affirms the right of employers to adopt reasonable dress and grooming standards.
ENTERTAINMENT
February 22, 2006 | From Associated Press
Celine Dion and Elton John sang together for the first time at a Las Vegas benefit to raise money for Harrah's Entertainment Inc. workers affected by last year's hurricanes. The pair, who sang duets of "Sorry" and "Saturday Night" before a packed Colosseum at Caesars Palace on Monday night, also were joined by Jerry Seinfeld to raise $2.1 million for about 8,000 casino workers in the Gulf Coast region. The money came on top of $4.
BUSINESS
November 30, 2005 | From Associated Press
Harrah's Entertainment Inc. said it would sell the Flamingo hotel-casino in Laughlin, Nev., to American Real Estate Partners, which owns the Stratosphere hotel-casino in Las Vegas and the Sands hotel-casino in Atlantic City, N.J. American will also acquire 7.7 acres of undeveloped Atlantic City land in the $170-million cash deal.
ENTERTAINMENT
August 20, 2005 | From Associated Press
Rock star Rod Stewart and gambling giant Harrah's Entertainment are headed to federal court next week in Las Vegas in a $2-million dispute over a canceled casino concert. Stewart's lawyer said Friday that he intends to call the raspy-voiced British singer and Harrah's Chairman Gary Loveman as witnesses in the civil trial scheduled to begin Tuesday. The Harrah's-owned Rio hotel-casino accuses Stewart of breach of contract, contending he has no right to keep $2 million for a canceled Dec.
BUSINESS
June 9, 2005 | From Associated Press
The Federal Trade Commission gave Harrah's Entertainment Inc. permission for its $5.2-billion acquisition of Caesars Entertainment Inc., according to two sources familiar with the deal. An FTC spokesman said the agency would have no announcement, but the sources, including a Harrah's executive with knowledge of the transaction, confirmed federal regulatory approval had been granted. The approval leaves Harrah's one step closer to regaining its title as the world's biggest gambling company.
BUSINESS
February 5, 2004 | From Bloomberg News
United Online Inc., owner of the Juno and NetZero Internet-access services, said fourth-quarter profit jumped more than fivefold, helped by a tax benefit and an increase in subscribers. Net income rose to $24.4 million, or 35 cents a share, from $4.71 million, or 7 cents, a year earlier, the Westlake Village-based company said. Revenue jumped 47% to $96.9 million from $65.8 million. From Bloomberg News * Cendant Corp., the largest U.S.
BUSINESS
November 30, 2005 | From Associated Press
Harrah's Entertainment Inc. said it would sell the Flamingo hotel-casino in Laughlin, Nev., to American Real Estate Partners, which owns the Stratosphere hotel-casino in Las Vegas and the Sands hotel-casino in Atlantic City, N.J. American will also acquire 7.7 acres of undeveloped Atlantic City land in the $170-million cash deal.
BUSINESS
March 4, 2005
Harrah's Entertainment Inc. has suspended the operations of an online gambling site based in Britain after posting losses of $9.3 million last year. The former site, called LuckyMe, was introduced in November 2003 for British bettors and was suspended in October 2004.
BUSINESS
July 16, 2004 | Jerry Hirsch, Times Staff Writer
Boxing matches are a staple of the Las Vegas scene. Now two heavyweight casino companies are set to square off for dominance of the U.S. gambling industry. In one corner is Harrah's Entertainment Inc., which confirmed Thursday that it had agreed to pay $5.2 billion for Caesars Entertainment Inc. in a buyout that would create the world's largest gambling enterprise. The deal would consist of $1.8 billion in cash and $3.4 billion in stock, plus the assumption of $4.2 billion in debt.
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