THIEF! The Gutsy, True Story of an Ex-Con Artist
Monday, November 2, 2009
HARRAH'S Hard Times
In my last blog I mentioned the decline in Las Vegas revenues. Here's further news on the topic in this Associated Press story:
"The world's largest casino company said Tuesday that it lost $1.6 billion during the third quarter as fewer people gambled, fewer groups visited and the value of its assets fell.
The loss at privately held Harrah's Entertainment, Inc. for July through September reflected a $1.33 billion drop in the value of its assets.
Harrah's $1.6 billion quarterly loss included a $1.05 billion loss from operations plus the cost of interest expenses and taxes. It said its operations income would have been $278.4 million if it hand't written down the value of its assets."
We visited the Paris which was located right across from our suite. Sure looks great on the outside.