When it was sold to Holiday Inns in 1980. Harrah's is just a brand name anymore. I was a big fan of Bill Harrah, a lot of things would be different if he was still alive, he would be 98 years old on September 2nd.

Myself, I was worried about the company going private. I thought the deal was over-leveraged in Debt and this was before the economy went south. The shareholders of HET made some serious money at $90 a share and most shareholders in big corporations are big institutional investors, so it was pretty much a done deal. The area I am in is very stable, revenues may be flat this year but we are making money; the debt, Las Vegas and Atlantic City are hurting the entire company as a whole. I could go into more detail on how this has effected day to day operations, but I will save that for another post.