TITLE

HARRAH'S SLASHES COSTS AMID SLOWDOWN

AUTHOR(S)
Knightly, Arnold M.
PUB. DATE
November 2008
SOURCE
Las Vegas Business Press (10712186);11/17/2008, Vol. 25 Issue 46, p18
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports that casino company Harrah's Entertainment is continuing to cut jobs, capital expenditures and costs in corporate, marketing and purchasing in order to combat a decrease in customer spending. The firm posted a loss for the third quarter of 2008 because of the gaming slowdown, declined visitor numbers and closure of properties in the Gulf Coast due to hurricanes. A statement was issued by Gary Loveman, chairman and chief executive officer (CEO), on cost reduction.
ACCESSION #
35377819

 

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