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Business Description
Harrah's Entertainment, Inc. operates casinos through a wholly owned subsidiary, Harrah's Operating Company, Inc. (HOC), and through HOC's subsidiaries. As of December 31, 2001, the Company owned and/or operated a total of approximately 1,458,021 square feet of casino space, 41,719 slot machines, 1,114 table games, 13,477 hotel rooms or suites, approximately 371,405 square feet of convention space, and 101 restaurants. Harrah's also owns and operates Bluegrass Downs, a harness racetrack located in Paducah, Kentucky, and owns a one-third interest in Turfway Park LLC, which is the owner of the Turfway Park thoroughbred racetrack located on 197 acres in Boone County, Kentucky.

Financial Information
HET operates hotel casinos in Reno, Lake Tahoe, Las Vegas, and Laughlin, Nevada and Atlantic City, New Jersey. The company also operates riverboat, dockside and Indian reservation casinos. For the six months ended 6/02, revenues rose 16% to $2.01 billion. Net income before extraordinary item and acct'g change rose 86% to $171.3 million. Results reflect higher gaming revenues, the acquisiton of HarveysCasino Resorts, costs savings efforts and lower amortization charges.