TITLE

$23.1 BILLION IN DEBT HANGING OVER HARRAH'S

AUTHOR(S)
Knightly, Arnold M.
PUB. DATE
March 2009
SOURCE
Las Vegas Business Press (10712186);3/30/2009, Vol. 26 Issue 13, pP18
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the $23.1 billion debt of Harrah's Entertainment as of March 2009. According to a filing with the U.S. Securities & Exchange Commission (SEC), the company may not be able to generate enough cash flow or secure additional loans to service its debt. The company's revenues in 2008 declined 10.3 percent from 2007, driving down cash flow to 16 percent.
ACCESSION #
40539086

 

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