Knightly, Arnold M.
November 2008
Las Vegas Business Press (10712186);11/17/2008, Vol. 25 Issue 46, p18
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.


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