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Harrah’s 3Q Losses More Than $1B

POSTED: 7:42 am PDT October 27, 2009

Casino operator Harrah's Entertainment is reporting a third-quarter loss of more than $1 billion.

The Las Vegas-based company said its net loss from operations was $1.05 billion for the quarter ending Sept. 30, compared to net income of $349.6 in the same quarter a year ago.

Harrah’s reported a $123 million loss in the second quarter that ended in July, a nearly 13 percent decline from that same period in 2008.


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