New Acquisition for Harrah EntertainmentBy Elizabeth Scott, Sep 26th 2007
As he was checking into The Venetian Macau -Resort-Hotel, Chairman Gary Loveman was reserved on talking about why he was in the Chinese enclave but speculation about his unannounced appearance ended a few hours later.
Harrah Entertainment Chairman Gary Loveman announced that he had signed papers formalizing the casino company's buy of the Orient Golf Course on the Cotai Strip.
Making this purchase the gaming giant maintains its reputation of always being in the look out for for new ways to ease the flow of customers from property to property. Also, the new acquisition gives Harrah’s the second-largest site on Cotai next to the holdings of Las Vegas Sands Corp.
Now, from this effort will also benefit workers, having offered more job opportunities at the same time as the properties gain from a deeper pool of experienced servers, said Debbie Munch, Harrah's spokeswoman for the Las Vegas area. Harrah Entertainment launched a new employee hot line for its on-call banquet servers, letting employees work at the company's multiple properties.
The gaming company is getting support for its philanthropic activities from the two private-justice companies that are taking the gaming giant private through a $17.1 billion buyout.
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