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Harrah’s Entertainment guarantees this facility, and all of the material wholly owned domestic subsidiaries of Harrah’s Operating pledged their assets to secure this facility. It also guarantees the notes. The guarantee of Harrah’s Entertainment of the obligations under the notes is structurally subordinated to any guarantee of the operating leases under the CMBS Facilities. Harrah’s Operating non-U. In addition, subsidiaries that are not directly or indirectly wholly owned by Harrah’s Operating that do not, or that are not otherwise required to, secure the new senior secured credit facilities do not guarantee the notes. As of December 31,we owned or managed 43 of the 50 Harrah’s Entertainment casinos across 12 U. Our facilities have an aggregate of over 2. Harrah’s Entertainment owns the industry’s largest and most widely recognized customer recognition and loyalty program, called Total Rewards®, which has over 40 million members worldwide.

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The buyer is Interface Group, headed ort Sheldon Adelson, which has produced the giant Comdex computer trade show in Las Vegas for several years, among dozens of other shows staged annually around the world. Advertisement With the year-old Sands casino and hotel, Interface is acquiring Advertisement At first glance, the Desert Inn would appear to be the more valuable of the two MGM hotels because it has undergone a major renovation in the last decade and occupies Lee S. Isgur, a gaming industry analyst at Paine Webber, said he did anmärkning interpret the Sands sale as a sign that Kerkorian would abandon his other Las Vegas investment. The Sands was the second of six hotel-casinos that Hughes purchased in the s.

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