Entertainment Legend May Be Crumbling

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Posted on Jan 12, 2009 @ 10:18AM  
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Harrah's Entertainment, the casino and gaming giant, may be close to financial collapse, according to allegations in court documents obtained by RADAR.

Due to massively decreased travel to the nation's fleshpots, competition from local casinos, and a general retreat in consumer spending, the company recently posted its fourth consecutive quarterly loss. Bonds are trading for as little as 15 cents on the dollar, and investors are concerned about looming bankruptcy.

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