International edition
June 22, 2021

The company owns or operates nearly 50 casinos around the world

Harrah's posts loss for quarter

(US).- Gaming giant Harrah's Entertainment posted a net loss from continuing operations of us$ 127.4 million for the first quarter ended March 31, company officials said late tonight. The loss trims the us$ 275 million loss posted in the first quarter of 2008.

T

he loss was driven by a 13.3 % decrease in revenues of us$ 2.5 billion last year to us$ 2.25 billion this year. Adjusted cash flow slipped 12.6 % to us$ 547.3 million from us$ 626 million last year.
The company's Las Vegas revenues dropped 20.5 % to us$ 686.4 million through March from us$ 863 million last year. Area cash flow, which includes Harrah's, Bally's, Paris, Flamingo, Caesars Palace, Imperial Palace and Bill's on the Strip along with the Rio, fell 27.9 % to us$ 198.6 million from us$ 275.3 million.

The company owns or operates nearly 50 casinos around the world.

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