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Company increases dividend, adds board member

Friday, July 22, 2005 | 10:36 a.m.

Harrah's Entertainment Inc. has increased its quarterly cash dividend by 10 percent to about 36 cents per share.

The dividend is payable Aug. 24 to shareholders of record as of Aug. 10.

The company also has elected Chief Financial Officer Charles L. Atwood to its board of directors.

Atwood's appointment expands the board to 13 members and makes him the second management representative on the board with Chairman, Chief Executive and President Gary Loveman. Over his 26-year career with Harrah's, Atwood has played a "central role in this company's successful evolution into the world's largest casino operator," Loveman said.

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