HARRAH’S BENEFITS FROM HARVEY PURCHASE

October 19, 2001 11:56 PM
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Harrah’s Entertainment’s acquisition of Harvey’s Resorts helped bolster Harrah’s third quarter revenues by 29.1% and cash flow by 11.7%.

In addition, Harrah’s Reno reported record revenues, up 1% although cash flow dipped 11.1% for the same time period.

Revenues from Harveys also helped Harrah’s pass the $1 billion mark in revenues for the first time in a quarter, at $1.05 billion.