Harrah's Loses RI Casino Referendum
LAS VEGAS, NV, November 8, 2006. Harrah's Entertainment, Inc. (NYSE:HET) today issued the following statement on the outcome of Rhode Island's state ballot referendum Question 1:
"We at Harrah's Entertainment were privileged to have the opportunity to set forth a vision for a destination resort here in Rhode Island in partnership with the Narragansett Tribe, the town of West Warwick, the building trades, minority groups and supporters throughout the Ocean State. While we of course regret that we will not be able to realize that vision, we respect the result of the vote and the will of Rhode Islanders.
We thank our partners for the energy and passion they displayed in putting the real issues - job creation, tax relief and economic development -- before the voters. We thank our talented team of campaign staffers, who worked tirelessly to spread the word of this project's enormous potential. And we thank the people of Rhode Island for their careful attention and consideration as we made our case in a variety of forums over the course of the past several months.
We especially thank the leadership of the legislature which brought the question to the people and a special thanks to Rep. Williamson and Senator Alves who shared our dream of economic development for the Tribe, the town of West Warwick and the state of Rhode Island.
Finally, we want to say to Chief Thomas and the Narragansett Tribe that all of us at Harrah's are tremendously proud of the working relationship we have enjoyed for several years now. We share your disappointment at being denied the right to a casino on your sovereign land, a right that every other federally recognized tribe in the United States enjoys. We hope that someday Congress corrects this injustice. We believe you deserve no less."
Harrah's Entertainment, Inc. is the world's largest provider of branded casino entertainment through operating subsidiaries. Since its beginning in Reno, Nevada 68 years ago, Harrah's has grown through development of new properties, expansions and acquisitions. 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.
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