EXHIBIT 11

                          HARRAH'S ENTERTAINMENT, INC.
                       COMPUTATIONS OF PER SHARE EARNINGS



                                                              YEAR ENDED DECEMBER 31,
                                                     ------------------------------------------
                                                         2001           2000           1999
                                                     ------------   ------------   ------------
                                                                          
Income (loss) before extraordinary losses..........  $208,990,000   $(11,344,000)  $219,503,000
Extraordinary losses, net..........................       (23,000)      (716,000)   (11,033,000)
                                                     ------------   ------------   ------------
  Net income (loss)................................  $208,967,000   $(12,060,000)  $208,470,000
                                                     ============   ============   ============
BASIC EARNINGS (LOSS) PER SHARE
Weighted average number of common shares
  outstanding......................................   113,539,872    117,189,838    126,071,980
                                                     ============   ============   ============
BASIC EARNINGS (LOSS) PER COMMON SHARE
Income (loss) before extraordinary losses..........  $       1.84   $      (0.09)  $       1.74
Extraordinary losses, net..........................            --          (0.01)         (0.09)
                                                     ------------   ------------   ------------
  Net income (loss)................................  $       1.84   $      (0.10)  $       1.65
                                                     ============   ============   ============
DILUTED EARNINGS (LOSS) PER SHARE
Weighted average number of common shares
  outstanding......................................   113,539,872    117,189,838    126,071,980
  Additional shares based on average market price
    for period applicable to:
      Restricted stock.............................       697,130             --        789,690
      Stock options................................     1,471,400             --      1,886,469
                                                     ------------   ------------   ------------
Average number of common and common equivalent
  shares outstanding (a)...........................   115,708,402    117,189,838    128,748,139
                                                     ============   ============   ============
DILUTED EARNINGS (LOSS) PER COMMON AND COMMON
  EQUIVALENT SHARE
Income (loss) before extraordinary losses..........  $       1.81   $      (0.09)  $       1.71
Extraordinary losses, net..........................            --          (0.01)         (0.09)
                                                     ------------   ------------   ------------
  Net income (loss)................................  $       1.81   $      (0.10)  $       1.62
                                                     ============   ============   ============


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(a) The diluted share base for 2000 excludes common stock equivalents of 481,338
    and 1,407,362 related to restricted stock and stock options, respectively.
    These shares are excluded due to their antidilutive effect as a result of
    the Company's net loss in 2000.