Casino 'arms race' over, Harrah's boss says

Knightly, Arnold M.
December 2008
Las Vegas Business Press (10712186);12/1/2008, Vol. 25 Issue 48, pP14
The article discusses the threats caused by the financial crisis that changed the business approach of companies in the U.S. Threats include the tighter consumer spending, liquidity crisis and economic slowdown. Chairman at Harrah's Entertainment Gary Loveman said casinos resort to other approaches including fewer expenditures on company expansion and less acquisition of new slot technology to strengthen the balance sheets of these firms. It also notes that games with reduced labor cost but more entertaining for gamblers are being created.


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