Posted on

Harrah’s closes Caesars deal

Harrah’s Entertainment recently closed its previously reported acquisition of Caesars Entertainment Inc., which includes the complex at Bridgeport.
No immediate changes are expected.
‘We are pleased to bring our two great companies together,’ said Gary Loveman, chairman, chief executive and president of Harrah’s Entertainment.
‘Today we begin the most important task in the history of our company: capitalizing on the tremendous potential of this merger.
‘By putting our proven capabilities and marketing expertise to work in the incomparable Caesars portfolio, we believe we can generate strong, sustainable growth that will benefit our shareholders, our employees, our customers and every community where we operate.’
David Strow, media spokesperson for Harrah’s, said no immediate changes are expected here. But, ‘We’re taking a close look at all of our options,’ he said.
Harrah’s has owned Caesars for two weeks, so it’s still too early to decide exactly what changes will take place, including a change of name for Caesars, he said.
However, it’s not too soon to rely on Harrah’s continuing to maintain Caesars’ well-established commitment to the community.
‘We are new to your market, but Harrah’s is a very community minded corporation,’ Strow said. ‘We will share our successes with our community.’
Harrah’s Entertainment Inc. is the world’s largest provider of branded casino entertainment. Since its beginning in Reno, Nev., 67 years ago, Harrah’s has grown to include more than 40 casinos in three countries, primarily under the Harrah’s, Caesars and Horseshoe brand names.