Las Vegas NowHarrah's Reports $1 Billion Loss in 3rd Quarter
Casino operator Harrah's Entertainment is reporting a third-quarter loss of more than $1 billion.
The Las Vegas company says it lost $1.05 billion in the quarter that ended Sept. 30 on revenue of $2.28 billion. In the same period a year earlier, it earned $349.6 million on revenue of $2.65 billion.
The company says it recorded a $1.33 billion drop in the value of its assets.
Harrah's is the largest casino company in the world by revenue, with more than 50 casinos around the world.
(Copyright 2009 by The Associated Press. All Rights Reserved.)
Comments Terms of Use: We welcome your participation in our community. Please keep your comments civil and on point. You must be at least 13 years of age to post comments. By submitting a comment, you agree to these
Terms of Service
You must be logged in to leave a comment. Login or register See all comments |
