Casino giant to pay a dividend
Friday, July 25, 2003 | 11:14 a.m.
Harrah's Entertainment Inc. said Thursday it will issue a quarterly dividend of 30 cents per share, payable Aug. 27 to shareholders of record on Aug. 13.
"This announcement reflects the tremendous financial flexibility our company possesses both to return significant amounts of money to our shareholders and to invest for growth in existing markets, new jurisdictions and through acquisitions," Harrah's Chief Executive Gary Loveman said.
In recent weeks, a few gaming companies -- Mandalay Resort Group, International Game Technology and Station Casinos Inc. -- have announced dividends since Congress cut taxes on payments.
Analysts have generally applauded the move, saying dividends can attract a new class of income-conscious investors as well as give investors renewed confidence about company performance.
But one big gaming company, MGM MIRAGE, has decided not to pay a dividend.
archive
- Most Read
- Discussed
- Most E-mailed
- Hearing set for ex-NBA star with $822,500 gambling debt
- Trial delayed for man accused of shooting 3 officers
- Kruger hoping his team will play with grit
- Ten minutes with Chelsea Handler is better than no minutes with Chelsea Handler
- Pricing out wagers on the Pacquiao-Cotto fight
- RTC bus driver fired, arrested after allegedly attacking woman
- Two second-graders involved in shooting at bus stop
- CityCenter Realtors hit with cut in commissions
- Privé owner files for bankruptcy protection in Florida
- Shanghai’s maglev: Flying with both feet on the ground
Blogs
The Greene Room
Predicting this weekend's Mountain West football slate
Top Chef: Las Vegas
Top Chef Episode 11: Child's play
Miech Again
UNLV prez Smatresk is ready for some basketball (5 Comments)
Politics: The Early Line
Harry Reid's fourth TV ad begins running today
The Greene Room
Chad Ochocinco vs. Anderson Silva? That would be a sight ... (4 Comments)
Top Chef: Las Vegas
The Jet Stream: The three stages of chefdom
Miech Again
Rebels rookie Lopez says redshirting is his best move (12 Comments)
Calendar »
- 14 Sat
- 15 Sun
- 16 Mon
- 17 Tue
- 18 Wed
-
Pacquiao vs. Cotto at the MGM Grand Garden Arena
MGM Grand Garden Arena | 6 p.m. to 11 p.m.
-
Friends of India Diwali Celebration at Cashman Field with Dan Nainan
Cashman Field | 7:30 p.m. to 10 p.m.
-
Norm MacDonald at the House of Blues
House of Blues
-
Boulder City Art Guild Winter Fest Fine Art Show
Boulder City Parks & Recreation
-
John Fogerty at the Star of the Desert Arena
Star of the Desert Arena | 8 p.m. to 11 p.m.
-
Emeril Lagasse Foundation’s 5th annual Carnivale du Vin
The Venetian Resort Hotel Casino | 6 p.m. to 10 p.m.
The Sun
Locally owned and independent for more than 50 years.
Technorati








