Harrah's Entertainment, Inc. is a private gaming corporation that owns and operates casinos, hotels, and six golf courses under several brands. The company, based in Paradise, Nevada, is the largest gaming company in the world, with yearly revenues around $10.8 billion. Harrah’s is owned by Hamlet Holdings[1] (Apollo Management and Texas Pacific Group). While Apollo and TPG own a large majority, Blackstone Group LP owns a minority stake in Harrah's. [2]
Recently, The acquisition of Planet Hollywood will provide Harrah's with a contiguous 126 acre property bordering the strip. The vacant lots behind the casinos had been slated for a sports arena large enough to hold a professional basketball or hockey team. The three casinos will have over 8000 rooms which can be directly connected to the arena.
February 19th 2010, Harrah's Entertainment[12] acquires Planet Hollywood Casino and Resort in Las Vegas, Nevada.
For more info:
http://www.harrahs.com/harrahs-corporate/index.html
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