Either You Love Harrah's or Hate It - 2004-02-04
In the fourth quarter, Harrah's grew earnings 3.6% year over year to $1.04 billion. Cross-market play jumped 19.1%, which helped bolstered results from the company's two Las Vegas companies.
Dragging results, EBITDA at Harrah's Atlantic City fell 10% on a 5.8% decline in profits, mainly because of the entry of MGM Mirage (NYSE: MGG) and Boyd Gaming's (NYSE: BYD) Borgata casino this last summer.
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