Company Press Release: Harrah's Entertainment, Inc.
March 31, 2000
LAS VEGAS, NV -- Harrah's Entertainment, Inc. (NYSE: HET) announced yesterday it has completed the previously announced
sale of the Showboat Hotel & Casino in Las Vegas to VSS Enterprises, Inc. Proceeds from the sale were used
to reduce debt.
Harrah's Entertainment obtained the property in June 1998 when it acquired Showboat Inc. Earlier this quarter,
Harrah's completed the sale of its stake in the Star City Casino in Sydney, Australia, which was also acquired
in conjunction with the Showboat merger.
Harrah's Entertainment, Inc. is the most recognized and respected name in the casino entertainment industry, operating
21 casinos in the United States under the Harrah's, Showboat, Rio and Players brand names. Founded more than 60
years ago, Harrah's is focused on building loyalty and value with its targeted customers through a unique combination
of great service, excellent products, unsurpassed distribution, operational excellence and technology leadership.
SOURCE: Harrah's Entertainment, Inc.