TITLE

Harrah's may think bankruptcy

AUTHOR(S)
Knightly, Arnold M.
PUB. DATE
February 2009
SOURCE
Las Vegas Business Press (10712186);2/23/2009, Vol. 26 Issue 8, pP15
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the possible financial restructuring or filing for Chapter 11 bankruptcy of casino operator Harrah's Entertainment. According to a filing with the U.S. Securities and Exchange Commission, the firm is requesting to draw down the $740 million remaining on its $2 billion credit line for general corporate purposes. Federal filings also show the company's net loss of $415.1 million and a revenue decline of 4.3 percent from January 1 to September 30, 2008.
ACCESSION #
40538039

 

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