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What is 'Pawn Your Diamond'?
'Pawn Your Diamond' offers the community information
about the Fortune 500 companies.
Why the name?
The aim behind our name is to give young
entrepreneurs the incentive to start from scratch with
the hope that this small money they got from pawning a
diamond they had aside, grows and flourishes into a
multi billion dollar corporation.
Too dreamy?
Simply NOT. Such famous corporations did not exist
forever. Each and every foundation did start somewhere
and usually had one or a few founding members. So grab
the general concept and work hard!
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Fortune 500 - Spot Number 396
Company Information
Name: Harrah's Entertainment Inc
Industry: Casinos & Gaming
Description: Founded in 1937, Harrah's Entertainment, Inc. is the most recognized and respected name in the casino-entertainment industry, operating 25 casinos in the United States, primarily under the Harrah's brand name. Harrah's Entertainment is focused on building loyalty and value with its target customers through a unique combination of great service, excellent products, unsurpassed distribution, operational excellence and technological leadership.
Financial Summary: HET operates hotel casinos in Reno, Lake Tahoe, Las Vegas and Laughlin, Nevada and Atlantic City, New Jersey. The company also operates riverboat, dockside and Indian reservation casinos. For the 6 months ended 06/30/05, revenues rose 33% to $2.72B. Net income from cont. ops. rose 12% to $177.6M. Results reflect an increase in revenues from casinos, partially offset by the presence of Caesars aquisition costs.
Business Summary: Harrah's Entertainment, Inc. (Harrah's) is a casino entertainment provider, which through a wholly owned subsidiary, Harrah's Operating Company, Inc., owns or manages 28 casinos in the United States. Its casino-entertainment facilities operate primarily under the Harrah's, Rio, Showboat, Horseshoe and Harveys brand names, and include 11 land-based casinos, 11 riverboat or dockside casinos, four casinos on Indian reservations, a combination greyhound-racing facility and casino, and a combination thoroughbred racetrack and casino. The Company's facilities also include hotel and convention space, restaurants and non-gaming entertainment facilities. The Company's facilities have an aggregate of approximately 1.7 million square feet of gaming space and 17,100 hotel rooms. On July 1, 2004, the Company completed the acquisition of Horseshoe Gaming Holding Corp. In October 2004, the Company suspended the operation of LuckyMe, its online-gaming initiative in the United Kingdom.
Misc Details
Symbol: HET
City: Las Vegas
State: NV
ZIP Code: 89119
Address: One Harrah's Court
Phone: 702-407-6000
Fax: 901-762-8637
Website: http://www.harrahs.com
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