Andrew
08-23-2005, 10:57 AM
Harrah's Entertainment Buys Imperial Palace (http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2005/08/23/financial/f054557D21.DTL&feed=rss.business) -- SFGate/AP, 2005-08-23
Harrah's Entertainment Inc., the world's largest gambling company, has agreed to buy the aging Imperial Palace hotel-casino on the Las Vegas Strip for $370 million.
Harrah's said it has no immediate plans for "substantial operational changes" at the Asian-themed Imperial Palace once it takes control. The Imperial Palace employs approximately 2,500 people, has 2,640 rooms and boasts a 52,000-square-foot casino.
Harrah's Entertainment Inc., the world's largest gambling company, has agreed to buy the aging Imperial Palace hotel-casino on the Las Vegas Strip for $370 million.
Harrah's said it has no immediate plans for "substantial operational changes" at the Asian-themed Imperial Palace once it takes control. The Imperial Palace employs approximately 2,500 people, has 2,640 rooms and boasts a 52,000-square-foot casino.