BusinessMay 7, 2001
MEMO: HARRAH'S BUYING HARVEY'S CASINOS
Harrah's Entertainment Inc., operator of Harrah's and Bally's Casinos, has agreed to buy Harvey's Casinos Resorts for $675 million in cash and liabilities. The proposed purchase has been approved by boards of Harrah's and the seller. Las Vegas-based Harrah's will acquire Harveys casinos in Council Bluffs, Iowa; Central City, Colo.; and Lake Tahoe, Nev...
Harrah's Entertainment Inc., operator of Harrah's and Bally's Casinos, has agreed to buy Harvey's Casinos Resorts for $675 million in cash and liabilities.
The proposed purchase has been approved by boards of Harrah's and the seller.
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Las Vegas-based Harrah's will acquire Harveys casinos in Council Bluffs, Iowa; Central City, Colo.; and Lake Tahoe, Nev.
Harrah's officials were in Metropolis, Ill., last week to discuss new plants for that Southern Illinois facility, which it purchased about a year ago.
Plans call for a total of two boats for its facility there.
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