Harrah's
Entertainment
World's largest casino
operator.
Headquarters:
One Harrah's Court
Las Vegas, NV 89119
Employees: 85,000
CEO: Gary Loveman
Privately held
Website:
http://www.harrahs.com
Career Site
Harrah's Entertainment is the world's largest casino operator. It owns or manages 40 casinos primarily in the United States and United Kingdom.
Harrah's best-known properties include
Caesar's Palace, Bally's, Harrah's, Paris and Rio's in Las Vegas.
It also owns Caesar's, Harrah's, Bally's and Showboat casinos
in Atlantic City. Other casinos are in: Biloxi, MS; Tunica, MS;
St. Louis, MO; Council Bluffs, IA; and Joliet, IL.
The company's properties total over 3 million
feet of gaming space and 40,000 hotel rooms.
The company was purchased by private equity firms Texas Pacific Group and Apollo Management for $27.8 billion on January 2008.
Harrah's is no longer publicly traded.
History
The company was originally founded in 1937
when Bill Harrah opened his first bingo parlor in Reno, NV. Harrah
would soon open new casinos in Lake Tahoe and Reno. In 1973,
Harrah's became the first publicly-traded casino company on the
New York Stock Exchange. Bill Harrah died in 1978.
In 1980, Holiday Inns would acquire Harrah's
and the company would build its first hotel in Atlantic City
called Harrah's Marina. The casinos and hotels would eventually
become part of the Promus Companies in 1990. The Harrah's name
was restored in June 1995 and renamed Harrah's Entertainment.
In 1997, the company spent $200 million
on renovating and expanding Harrah's Las Vegas. It acquired the
Rio Hotel & Casino in 1999 to give the company a true Vegas
resort and off-strip property.
In 2005, Harrah's acquired Caesar's Entertainment
for $9.4 billion to make it the world's leading casino company.
Harrah's also purchased Imperial Palace, a casino on the Las
Vegas Strip, for $370 million.
Benefits
* Medical, Dental & Vision Coverage
* 401(k)
* On-Site Health & Wellness Centers
* Mobile Dentistry
* On-Site Health Educators*
Updated January 9, 2010
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