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Harrah's Reports Higher Earnings

Harrah's Entertainment Inc., which is being bought by private equity firms in a $17.1 billion deal, said May 8 its first-quarter earnings edged up 2%, as higher Las Vegas and Atlantic City revenue offset increased operating costs.

Tromba Resigns at Louisiana Downs

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Ray Tromba resigned as vice president of racing operations at Harrah's Louisiana Downs. He had been with the track for 19 years, serving in his current capacity since 2003.

Turfway's Polytrack Installation On Schedule

Turfway Park president Bob Elliston said he expects the Kentucky racetrack's new Polytrack surface to be ready for horses to train on by mid-August, when trainers are expected to begin arriving for the fall meet that begins Sept. 7.

Harrah's Top Bidder in Fight for Final Illinois Casino License

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An auction between three companies seeking to buy Illinois' tenth casino license, which would provide 15% of adjusted gross revenue to the horse industry, closed Thursday with Harrah's Entertainment the highest bidder. A final decision on who gets the license will be made by the Illinois Gaming Board Monday.

Handle Figures Strong at Louisiana Downs

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Louisiana Downs concluded its 2003 racing season Sunday with increases in on-track, off-track, and total handle. With the opening of the slots casino earlier this year, the track no longer keeps attendance records.

Louisiana Downs to Expand Racing Schedule

The Louisiana State Racing Commission approved a request by Louisiana Downs to run 122 dates in 2004, an increase of 42 days over the current year. The track will run 102 Thoroughbred dates from May 14 through Oct. 31 and 20 days of Quarter Horse racing from Nov. 10 through Dec. 12. The Quarter Horse meet will be the first in the track's history.

Harrah's Purchase of Louisiana Downs OK'd

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The transfer of Louisiana Downs' horse-racing license to Harrah's Bossier City Investment Co. is nearly complete after the Louisiana Racing Commission approved the move Thursday.

Louisiana Downs Financial Investment May Increase

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Harrah's Entertainment may increase the initial $157 million it wants to spend on Louisiana Downs, the Bossier City racetrack it purchased this year. The casino company plans to install 1,500 slot machines at the track when the acquisition is complete.

Harrah's to Buy Louisiana Downs

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Casino operator Harrah's Entertainment has announced it has signed a letter of intent to purchase a 95% stake in Louisiana Downs for $157 million.

Showboat Re-Files Lawsuit Against Penn National

Showboat Development has reportedly re-filed in Pennsylvania a lawsuit related to the operating rights of slot machines at Charles Town Races. A similar lawsuit filed in Nevada last year was dismissed Jan. 25 because of a lack of jurisdiction.

Fair Grounds and Harrah's Reach Slots Agreement

Fair Grounds racetrack has reached an understanding with Harrah's New Orleans casino that could put 300 slot machines at the track by 2003 and up to 700 machines by 2005. "It is not as many machines as at other jurisdictions, but it will allow us to continue to grow the business," said Bryan Krantz, president and general manager of Fair Grounds.

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