Harrah’s mulls purchase of Planet Hollywood
LAS VEGAS – Harrah’s Entertainment Chairman and Chief Executive Officer Gary Loveman says his company is trying to buy the Planet Hollywood Resort in Las Vegas.
In an e-mail to employees obtained by the Las Vegas Review-Journal, Loveman said his company’s interest stems from the fact that Planet Hollywood sits at the end of a line of Harrah’s-owned casinos in Las Vegas.
The operator also owns Harrah’s Las Vegas, Imperial Palace, Flamingo Las Vegas, Bill’s Gamblin’ Hall & Saloon, Bally’s and Paris Las Vegas.
The acquisition of the 35-acre Planet Hollywood would add about 2,500 hotel rooms to Harrah’s inventory of 20,370 rooms on or near the Strip.
It also would give Harrah’s control of all 126 acres between Flamingo Road and Harmon Avenue.