Harrah's Announces Closing Date of Acquisition
LAS VEgas, NV, January 14, 2008. Harrah's Entertainment, Inc. (NYSE: HET) today announced that the closing of the proposed acquisition of Harrah's by affiliates of Apollo Global Management, L.P. and TPG Capital is expected to occur on January 28, 2008, subject to customary closing conditions.
Harrah's Entertainment, Inc. is the world's largest provider of branded casino entertainment. Since its beginning in Reno, Nevada, nearly 70 years ago, Harrah's has grown through development of new properties, expansions and acquisitions, and now owns or manages casinos on four continents. The company's properties operate primarily under the Harrah's, Caesars and Horseshoe brand names; Harrah's also owns the London Clubs International family of casinos. Harrah's Entertainment is focused on building loyalty and value with its customers through a unique combination of great service, excellent products, unsurpassed distribution, operational excellence and technology leadership.
For more Harrah's information, please visit: http://www.harrahs.com.
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