SOURCE: Harrah's Entertainment

Harrah's Entertainment

September 15, 2009 13:38 ET

Harrah's Entertainment Successfully Bids for Cleveland's Thistledown

LAS VEGAS, NV--(Marketwire - September 15, 2009) - Harrah's Entertainment, Inc. today issued the following statement:

     "We are pleased to announce that the United States Bankruptcy Court
     for the District of Delaware has approved an agreement for the sale
     of Thistledown Racetrack from Magna Entertainment Corp. to Harrah's
     Operating Company, Inc., a subsidiary of Harrah's Entertainment, Inc.
     Closing of the sale is subject to satisfaction of certain conditions
     and receipt of all required regulatory approvals.

     "We are excited to be entering Ohio and look forward to developing a
     first-class facility in Cleveland which will create significant
     employment opportunities in the region.

     "Harrah's has a proven track record of operational excellence and a
     long history of maintaining the highest standards in the gaming
     industry through our Code of Commitment, a public pledge to our
     communities, employees and guests to make each and every community of
     which we are a part a vibrant place to live, work and visit. We look
     forward to continuing this tradition in Cleveland."

About Harrah's Entertainment

Harrah's Entertainment, Inc. is the world's largest provider of branded casino entertainment. Since its beginning in Reno, Nevada, more than 71 years ago, Harrah's has grown through development of new properties, expansions and acquisitions, and now owns or manages casinos on four continents. The Company's properties operate primarily under the Harrah's®, Caesars® and Horseshoe® brand names; Harrah's also owns the London Clubs International family of casinos and the World Series of Poker®. Harrah's Entertainment is focused on building loyalty and value with its customers through a unique combination of great service, excellent products, unsurpassed distribution, operational excellence and technology leadership. Harrah's is committed to environmental sustainability and energy conservation and recognizes the importance of being a responsible steward of the environment. For more information, please visit http://www.harrahs.com.

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