NEW YORK— Gary Loveman has been appointed CEO of Harrahs Entertainment, reports The Boston Globe. Since joining Harrah’s the company’s revenue has increased. In 2001, Harrahs revenue increased 12% to $3.7 billion, and the trend has continued into 2002. In its most recent earnings report, Harrahs reported that its revenue rose to $1.13 billion in the third quarter, up 11.9% from the period a year earlier. The company has also grown to include 26 casinos in 13 states, with 42,000 employees, and is poised to ride the wave of pro-gambling initiatives in states like Pennsylvania, New York, Kentucky, Maryland, Rhode Island, even Massachusetts. SOURCE: The Boston Globe
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