-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, VNAeLmqxi9qm6h2rSJvTJzEs1ZWa+NQCAkZ+9n6xmMxpWqkj3tKCMq5T23Z5hUhW rMG1pBZLk4D2r0/+QSymzg== 0001104659-06-071698.txt : 20061106 0001104659-06-071698.hdr.sgml : 20061106 20061106163907 ACCESSION NUMBER: 0001104659-06-071698 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20061103 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20061106 DATE AS OF CHANGE: 20061106 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HARRAHS ENTERTAINMENT INC CENTRAL INDEX KEY: 0000858339 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION [7990] IRS NUMBER: 621411755 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-10410 FILM NUMBER: 061190804 BUSINESS ADDRESS: STREET 1: ONE HARRAHS COURT CITY: LAS VEGAS STATE: NV ZIP: 89119 BUSINESS PHONE: 7024076000 MAIL ADDRESS: STREET 1: ONE HARRAHS COURT CITY: LAS VEGAS STATE: NV ZIP: 89119 FORMER COMPANY: FORMER CONFORMED NAME: PROMUS COMPANIES INC DATE OF NAME CHANGE: 19920703 8-K 1 a06-23452_18k.htm CURRENT REPORT OF MATERIAL EVENTS OR CORPORATE CHANGES

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 


 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

November 3, 2006

Date of Report (Date of earliest event reported)

 

Harrah’s Entertainment, Inc.

(Exact name of registrant as specified in its charter)

 

Delaware

 

001-10410

 

62-1411755

(State of Incorporation)

 

(Commission File Number)

 

(IRS Employer

 

 

Identification Number)

 

 

 

 

 

 

 

 

 

One Caesars Palace Drive

 

 

 

 

Las Vegas, Nevada 89109

 

 

 

 

(Address of principal executive offices) (Zip Code)

 

 

 

(702) 407-6000

(Registrant’s telephone number, including area code)

 

N/A

(Former Name or Former Address, if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 



 

Item 8.01         Other Events.

 

                On November 3, 2006, the Registrant issued a press release announcing that its subsidiary had acquired or received acceptances for approximately 83% of the outstanding ordinary shares of London Clubs International plc. The text of the press release is attached to this report as Exhibit 99.1 and is incorporated herein by reference.

 

 

Item 9.01         Financial Statements and Exhibits.

 

(d) Exhibits.  The following exhibits are being filed herewith:

 

99.1                           Text of press release, dated November 3, 2006, of the Registrant related to the acquisition of 83% of the outstanding ordinary shares of London Clubs International plc.

 

 

2



 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

HARRAH’S ENTERTAINMENT, INC.

 

 

 

 

 

 

 

 

 

 

 

 

Date: November 6, 2006

By:

 

/s/ MICHAEL D. COHEN

 

 

 

Michael D. Cohen

 

 

 

Vice President, Associate General Counsel and

 

 

 

Corporate Secretary

 

 

3



 

EXHIBIT INDEX

Exhibit

 

 

Number

 

Document Description

 

 

 

99.1

 

Text of press release, dated November 3, 2006, of the Registrant related to the acquisition of 83% of the outstanding ordinary shares of London Clubs International plc.

 

 

4


EX-99.1 2 a06-23452_1ex99d1.htm EX-99.1

Exhibit 99.1

 

Contact:

 

Dan Foley — Investors

 

Alberto Lopez — Media

 

 

Harrah’s Entertainment, Inc.

 

Harrah’s Entertainment, Inc.

 

 

(702) 407-6370

 

(702) 407-6344

 

Release #HET 11-0691

 

Harrah’s Acquires Controlling Interest of London Clubs International

 

LAS VEGAS — November 3, 2006 —Harrah’s Entertainment, Inc. (NYSE:HET) today announced that it has acquired or received acceptances for approximately 83% of the ordinary shares of London Clubs International plc. Harrah’s anticipates controlling 100% of London Clubs by the end of the fourth quarter 2006.

 

London Clubs currently operates seven casinos in the United Kingdom and has an additional four under development. In addition, LCI operates two casinos in Egypt, one in South Africa and has a consulting relationship with a casino in Lebanon.

 

“London Clubs’ experienced, multi-national management team strengthens our existing team, enhancing Harrah’s international expansion opportunities,” said Gary Loveman, chairman, CEO and president of Harrah’s. “Additionally, the

 

 



 

London Clubs properties will strengthen our position in the evolving regulatory framework in the United Kingdom and we are looking forward to working closely with the London Clubs management team.”

 

Harrah’s Entertainment, Inc. is the world’s largest provider of branded casino entertainment through operating subsidiaries.  Since its beginning in Reno, Nevada 68 years ago, Harrah’s has grown through development of new properties, expansions and acquisitions.  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.

 

 More information about Harrah’s is available at its Web site — www.harrahs.com.

 

This release includes “forward-looking statements” intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. You can identify these statements by the fact that they do not relate strictly to historical or current facts. These statements contain words such as “may,” “will,” “project,” “might,” “expect,” “believe,” “anticipate,” “intend,” “could,” “would,” “estimate,” “continue” or “pursue,” or the negative or other variations thereof or comparable terminology. In particular, they include statements relating to, among other things, future actions, new projects, strategies, future performance, the outcomes of contingencies and future financial results of

 

 



 

Harrah’s. These forward-looking statements are based on current expectations and projections about future events.

 

Investors are cautioned that forward-looking statements are not guarantees of future performance or results and involve risks and uncertainties that cannot be predicted or quantified and, consequently, the actual performance of Harrah’s may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, but are not limited to, the following factors, as well as other factors described from time to time in our reports filed with the Securities and Exchange Commission (including the sections entitled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” contained therein): the effects of local and national economic, credit and capital market conditions on the economy in general, and on the gaming and hotel industries in particular; construction factors, including delays, increased costs for labor and materials, availability of labor and materials, zoning issues, environmental restrictions, soil and water conditions, weather and other hazards, site access matters and building permit issues; the effects of environmental and structural building conditions relating to our properties; access to available and reasonable financing on a timely basis; the ability to timely and cost-effectively integrate acquisition into our operations, including Caesars and London Clubs; changes in laws, including increased tax rates, regulations or accounting standards, third-party relations and approvals, and decisions of courts, regulators and governmental bodies; litigation outcomes and judicial actions, including gaming legislative action, referenda and taxation; the ability of our customer-tracking, customer loyalty and yield-management

 

 



 

programs to continue to increase customer loyalty and same store sales or hotel sales; our ability to recoup costs of capital investments through higher revenues; acts of war or terrorist incidents or natural disasters; abnormal gaming holds; and the effects of competition, including locations of competitors and operating and market competition.

 

Any forward-looking statements are made pursuant to the Private Securities Litigation Reform Act of 1995 and, as such, speak only as of the date made. Harrah’s disclaims any obligation to update the forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements which speak only as of the date stated, or if no date is stated, as of the date of this press release.

 

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