Casino executives sell stock

Wednesday, June 13, 2001 | 10:01 a.m.

Two top executives with Harrah's Entertainment Inc. have separately sold $2.72 million in stock in the company, filings made with the Securities and Exchange Commission indicate.

Harrah's President and Chief Operating Officer Gary Loveman filed to sell 52,500 shares of stock June 4, grossing $1.86 million. This sale represented about 15 percent of Loveman's stock holdings in Harrah's as of Jan. 31.

Separately, Richard Mirman, Harrah's senior vice president of marketing, filed Monday to sell 23,280 shares for $860,400. That represents 19 percent of Mirman's last reported stock holdings.

"This in no way is indicative of their confidence in the future of this company," said Harrah's spokesman Gary Thompson. "It was purely for personal financial reasons."

It isn't known whether the shares sold were acquired through the exercise of stock options.

archive