19.03.2007 14:18:00
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Harrah's, Bluff Media Announce Digital Publishing Alliance For World Series Of Poker(R), Other WSOP-Branded Events
Harrah’s License Company LLC, an affiliate of
Harrah’s Entertainment, Inc. (NYSE:HET), has
executed a non-binding letter of intent to form a digital publishing
alliance with Bluff Media LLC for online and radio coverage of all World
Series of Poker-branded events on a global basis.
The letter of intent, which is subject to execution of a definitive
agreement, calls for Bluff Media to be designated the official digital
publisher and radio partner of the WSOP, the WSOP Circuit, WSOP Europe
and other WSOP events. Bluff will operate www.worldseriesofpoker.com
and provide broadband, streaming and real-time content, including chip
counts, live event updates and video and audio news programs and
features.
"Bluff shares our vision for bringing WSOP
content to every medium that matters,” said
Jeffrey Pollack, commissioner of the World Series of Poker. "Over
the next four years, this alliance will help us connect with our players
and fans in new and exciting ways, and further increase the value and
relevancy of our global brand.”
"We believe the consolidation of digital-publishing rights under this
agreement will lead to a more cohesive, integrative and compelling
product for poker fans around the globe,”
said Eddy Kleid, co-president of Bluff Media.
Bluff Media is the publisher of BLUFF magazine, America's leading poker
publication, and co-publisher of newly launched SE7EN magazine, a
sports-centric men's interest publication. Bluff Media pioneered poker
on the radio by broadcasting final table play-by-play of 2006 World
Series of Poker events on satellite radio. Bluff Media continues to be a
leader in covering the world of competitive poker through its various
print, internet, and broadcast media properties.
Harrah’s Entertainment, Inc. is the world’s
largest provider of branded casino entertainment through its operating
subsidiaries. Since its beginning in Reno, Nevada, nearly 70 years ago,
Harrah’s has grown through development of new
properties, expansions and acquisitions, and now owns or manages casinos
on four continents. The company’s properties
operate primarily under the Harrah’s, Caesars
and Horseshoe brand names; Harrah’s also owns
the London Clubs International family of casinos. Harrah’s
Entertainment is focused on building loyalty and value with its
customers through a unique combination of great service, excellent
products, unsurpassed distribution, operational excellence and
technology leadership.
More information about Harrah’s is available
at its Web site — www.harrahs.com.
Information about the WSOP is available at www.worldseriesofpoker.com.
This release includes "forward-looking statements" intended to qualify
for the safe harbor from liability established by the Private Securities
Litigation Reform Act of 1995. You can identify these statements by the
fact that they do not relate strictly to historical or current facts.
These statements contain words such as "may," "will," "project,"
"might," "expect," "believe," "anticipate," "intend," "could," "would,"
"estimate," "continue" or "pursue," or the negative or other variations
thereof or comparable terminology. In particular, they include
statements relating to, among other things, future actions, new
projects, strategies, future performance, the outcomes of contingencies
and future financial results of Harrah's. These forward-looking
statements are based on current expectations and projections about
future events.
Investors are cautioned that forward-looking statements are not
guarantees of future performance or results and involve risks and
uncertainties that cannot be predicted or quantified and, consequently,
the actual performance of Harrah's may differ materially from those
expressed or implied by such forward-looking statements. Such risks and
uncertainties include, but are not limited to, the following factors, as
well as other factors described from time to time in our reports filed
with the Securities and Exchange Commission (including the sections
entitled "Risk Factors" and "Management's Discussion and Analysis of
Financial Condition and Results of Operations" contained therein): the
occurrence of any event, change or other circumstances that could give
rise to the termination of the merger agreement with Texas Pacific Group
and Apollo Management, L.P.; the outcome of any legal proceedings that
have been, or will be, instituted against the Company related to the
merger agreement; the inability to complete the merger due to the
failure to obtain stockholder approval for the merger or the failure to
satisfy other conditions to completion of the merger, including the
receipt of all regulatory approvals related to the merger; the failure
to obtain the necessary financing arrangements set forth in the debt and
equity commitment letters delivered pursuant to the merger agreement;
risks that the proposal transaction disrupts current plans and
operations and the potential difficulties in employee retention as a
result of the merger; the impact of the substantial indebtedness to be
incurred to finance the consummation of the merger; the effects of local
and national economic, credit and capital market conditions on the
economy in general, and on the gaming and hotel industries in
particular; construction factors, including delays, increased costs for
labor and materials, availability of labor and materials, zoning issues,
environmental restrictions, soil and water conditions, weather and other
hazards, site access matters and building permit issues; the effects of
environmental and structural building conditions relating to our
properties; access to available and reasonable financing on a timely
basis; the ability to timely and cost-effectively integrate acquisition
into our operations, including Caesars and London Clubs; changes in
laws, including increased tax rates, regulations or accounting
standards, third-party relations and approvals, and decisions of courts,
regulators and governmental bodies; litigation outcomes and judicial
actions, including gaming legislative action, referenda and taxation;
the ability of our customer-tracking, customer loyalty and
yield-management programs to continue to increase customer loyalty and
same store sales or hotel sales; our ability to recoup costs of capital
investments through higher revenues; acts of war or terrorist incidents
or natural disasters; abnormal gaming holds; and the effects of
competition, including locations of competitors and operating and market
competition.
Any forward-looking statements are made pursuant to the Private
Securities Litigation Reform Act of 1995 and, as such, speak only as of
the date made. Harrah's disclaims any obligation to update the
forward-looking statements. You are cautioned not to place undue
reliance on these forward-looking statements which speak only as of the
date stated, or if no date is stated, as of the date of this press
release.
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