New Branding For Harrah's

11.04.2008, Lesen Sie hier den Bericht über «New Branding For Harrah's».

New name will better aid group's expansion plans internationally

One of the most well known brands in the global gambling business will soon take a backseat to a new identity following an announcement this week by Harrah's Entertainment, which says its board of directors has decided to change the casino company's name to Caesars Entertainment Corporation.

Harrah's chairman and chief executive Gary Loveman said the change will boost the company's international name recognition and reputation as a luxury brand.

The new name "will provide our company with greater prestige and help attract strategic business partners as we pursue expansion opportunities in new jurisdictions," Loveman said in a statement.

Harrah's acquired the Caesars brand through a merger in 2005, making it the world's largest casino company by revenue.

It currently operates 50 casinos worldwide, including Caesars Palace, Flamingo and Bally's in Las Vegas, and Harrah's, Caesars Atlantic City and Bally's in Atlantic City, N.J.

Loveman says the Harrah's name will remain one of the company's three primary brands, along with Caesars and Horseshoe.

Harrah's was taken private by affiliates of private equity firms Apollo Global Management LLC and TPG Capital LP in a $17.1 billion deal completed in January 2008. The company has recently pulled out of joint ventures in Slovenia and the Bahamas.

Über Harrah's Operating Company, Inc.:

Founded in 1937, Harrah´s Entertainment, Inc. is the world´s largest casino operator.

We operate 28 casinos in 12 states under the Harrah´s, Harveys, Horseshoe, Rio, and Showboat brand names. Our goal is to provide great customer service in exciting and entertaining environments, and become your overwhelming first choice for casino entertainment.

We concentrate on building loyalty and value for our customers, shareholders, employees, business partners, and communities by being the most service- oriented, technology-driven, geographically-diversified company in gaming. Enjoy your visit to our site. We look forward to your comments about us.

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