| | Business Summary | | Harrah's
Entertainment,
Inc.
is
a
consumer
marketing
company
in
the
gaming
industry,
and
conducts
its
business
through
a
wholly
owned
subsidiary,
Harrah's
Operating
Company
Inc.
As
of
December
31,
2000,
the
Company
operated
casino
hotels
in
five
traditional
United
States
gaming
markets
of
Reno,
Lake
Tahoe,
Las
Vegas
and
Laughlin,
Nevada
and
Atlantic
City,
New
Jersey.
Aside
from
having
a
stake
at
National
Airlines
Inc.,
the
Company
owns
and
operates
Bluegrass
Downs,
a
harness
racetrack
located
in
Paducah,
Kentucky,
which
holds
live
racing
meets
each
fall,
as
well
as
year-round
simulcasting
of
horse
racing
events.
The
Company
also
owns
a
one-third
interest
in
Turfway
Park
LLC,
which
is
the
owner
of
the
Turfway
Park
racecourse,
as
well
as
47
acres
of
undeveloped
land
in
the
vicinity
of
the
racetrack,
which
are
listed
for
sale. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | HET
operates
hotel
casinos
in
Reno,
Lake
Tahoe,
Las
Vegas,
and
Laughlin,
Nevada
and
Atlantic
City,
New
Jersey.
The
company
also
operates
riverboat,
dockside
and
Indian
reservation
casinos.
For
the
six
months
ended
6/30/01,
revenues
rose
9%
to
$1.81
billion.
Net
income
before
extraordinary
item
rose
18%
to
$92.1
million.
Revenues
reflect
the
impact
of
the
March
2000
Players
acquisition.
Net
income
reflects
increased
operating
profit. | | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Philip Satre, 51
Chairman,
CEO | $2.0M | Gary Loveman, 40
Pres,
COO, Director | 1.3M | Charles Atwood
CFO,
Sr. VP | -- | John Boushy, 46
Sr.
VP - Operations Products and Services, CIO | 1.8M | Stephen Brammell, 43
Sr.
VP and Gen. Counsel | -- | | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/h/het.gif)