Las Vegas, Nevada (WiredPRNews.com) — Harrah’s Entertainment, Inc, recently reported its first and second quarter details wherein which included the revised operating expenses and revenues for the operating company of Harrah Inc, a subsidiary company of Harrah’s Entertainment Inc. Considerable portions of debts of the consolidated group are issued by the HOC. This is why the company provides clear information pertaining to outcomes of the operations of the company HO with its releases on quarterly earnings.
The results of the previous report included the elimination of operating expenses and revenues of the intercompany of the HOC group connected with other subsidiaries of Harrah Entertainment Inc. The main effect of including the eliminations is that this largely helped in understating the reports of revenues as well as operating expenses. Also, the revised outcomes help to correct the operating expenses and revenues in order to exclude eliminations. The impact of the revisions on the operating expenses and revenues offset and previous reports on net income, EBITDA and income from the operations did not get affected at all by the revisions.
The entertainment company is one of the largest providers of casino entertainment across the world. Since its commencement in Reno, over 70 years ago, Harrah has grown through new property developments, acquisitions and expansions. It has spread to four continents and operates at a large scale. The properties of the company chiefly operate under the brand names of Caesars®, Harrah’s® and Horseshoe®; this company also owns the chain of London Clubs International as well as the World Series of Poker®.
Harrah’s Entertainment Inc completely focuses on building value and loyalty with consumers and customers through the rich blend of excellent products, great customers service, technology leadership, unsurpassed distribution and operational excellence.