Harrah's Entertainment Inc. -- no longer publicly-traded

Jul 28, 2009 5:05 PM
Earnings by Ray Poirier | Harrah’s Entertainment Inc., no longer a publicly-traded company, recorded income from operations of $6.3 million for the quarter that ended on June 30. That was down from last year’s $323.1 million.

The decline, however, resulted from a $297.1 million charge related to the markdown of goodwill and the downgrading of intangible assets.

During the period, the company recorded revenues of $2.27 million a decline of 12.7 percent from last year’s $2.6 billion.

Reflecting the economic slowdown that has affected Las Vegas, the company said its properties on the Las Vegas Strip reported revenues of $705.2 million compared to last year’s $873.1 million.