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Louisiana Legislature Vote to Approve Key Elements for the Reorganization of Harrah�s New Orleans Casino |
LAS VEGAS, March 21, 2001 - Phil Satre, Chairman
and Chief Executive Officer of Harrah�s Entertainment, Inc. today commented
on the vote in the Louisiana Legislature, which approved key elements in
a reorganization plan for
JCC Holding Company, owner of Harrah�s New Orleans Casino. �We are gratified by the courageous actions taken
yesterday by the Louisiana Legislature in making the right business decision
to lower the financially untenable state payment for the Harrah�s New Orleans
casino,� Satre said.
�I want to personally thank Governor Mike Foster, Senator Ken Hollis, Speaker Charles DeWitt and Representative Ed Murray for taking a strong pro-business stand during this special session and working to find consensus and commonality among the legislators,� Satre said. �I also want to thank Mayor Morial of New Orleans
and the City Council for their ongoing support of our efforts to make the
New Orleans casino an economic success for the region. And we want to recognize
all of the business and labor leaders of the city and state who came together
to find solutions and build the framework for a successful enterprise.
We look forward to working together
Founded more than 60 years ago, 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. With a combined database of more
than 19 million players, Harrah�s Entertainment is focused on building
loyalty and value with its target customers through a unique combination
of great service, excellent products, unsurpassed distribution, operational
excellence and technology leadership.
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Harrah�s Entertainment, Inc. http://www.harrahs.com |