LAS VEGAS, Aug. 10 /PRNewswire-FirstCall/ -- Harrah's Operating
Company, Inc., a subsidiary of Harrah's Entertainment, Inc. (NYSE: HET),
announced that the conversion price under its outstanding $375 million
Floating Rate Contingent Convertible Senior Notes due 2024 has been
adjusted to $65.54 from $65.85, subject to further adjustment as provided
for in the governing indenture. The adjustment has been made pursuant to
the terms of the indenture as a result of the cash dividend of $0.40 per
share of Harrah's Entertainment common stock that was declared on July 19,
2007, and which will be payable August 22, 2007 to Harrah's Entertainment
stockholders of record as of the close of business on August 8, 2007.
(Logo: http://www.newscom.com/cgi-bin/prnh/20070718/HARRAHSLOGO)
Harrah's Entertainment, Inc. is the world's largest provider of branded
casino entertainment through operating subsidiaries. Since its beginning in
Reno, Nevada nearly 70 years ago, Harrah's has grown through development of
new properties, expansions and acquisitions, and now owns or manages
casinos on four continents. The company's properties operate primarily
under the Harrah's, Caesars and Horseshoe brand names; Harrah's also owns
the London Clubs International family of casinos. Harrah's Entertainment is
focused on building loyalty and value with its customers through a unique
combination of great service, excellent products, unsurpassed distribution,
operational excellence and technology leadership.
For more information about Harrah's, please visit:
http://www.harrahs.com.
SOURCE Harrah's Entertainment, Inc.
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Related links:
http://www.harrahs.com
Photo Notes:
NewsCom: http://www.newscom.com/cgi-bin/prnh/20070718/HARRAHSLOGO
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, photodesk@prnewswire.com
CONTACT:
Jacqueline Peterson of Harrah's
Entertainment, +1-702-449-3175, japeterson@harrahs.com
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