Harrah's may think bankruptcy

Knightly, Arnold M.
February 2009
Las Vegas Business Press (10712186);2/23/2009, Vol. 26 Issue 8, pP15
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.


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