Press Release: Wall St. Network
March 6, 2002
IRVINE, CA -- While cruising at 30,000 ft., in an exclusive interview for wallst.net subscribers, Loveman discusses,
how Harrah's (NYSE:HET) has kept growing as other gaming companies and even the mighty Las Vegas fell off in the
wake of September 11.
We discuss the factors in Harrah's operations that have enabled this; including the industry leading multi-layer
reward systems and the $600 million invested in its properties this last year. He tells us where this money went,
what it did and how much of it is coming back in profits.
Loveman gives examples of why he dismisses some analysts' calls of defensive spending before going on to explain
Harrah's newest venture in the gaming world. The ``Racinos''; a hybrid combination of horse racing tracks and traditional
casinos are showing great potential. Bringing big casino gambling and know-how to race tracks in States that haven't
traditionally been major gaming states.
This interview can be heard at www.wallst.net.
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The audio interviews have no regard to the specific investment objectives, financial situation or particular needs
of any specific recipient. It is based on information from sources believed to be reliable but no independent verification
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Contact:
The Wall St. Network
Todd Gilligan, 949/253-5741