Harrah's Entertainment, however, overly pursues an acquisition strategy when opportunities arise. In 2004, the company has plans to acquire outfit Gaming for $1.45 billion. The company also acquired a 95 percent interest in Louisiana Downs, a Thoroughbred racetrack near Shreveport. Harrah's Entertainment plans to expand Louisiana Downs so that the installing will include a major gambling casino and hotel, in addition to the horseracing track ("Harrah's Entertainment, Inc. Overview", 2004).
The company also opens new casino properties and expands existing facilities when conditions support such a strategy. Harrah's Entertainment capable a new hotel tower at its Atlantic city casino in 2003.
In a joint peril with British Gala Group of the United Kingdom, Harrah's plans to build eight casinos in that country; the first of which will open in 2005. The company's casino facilities have an aggregate 14,000 guest rooms and suites, degree Celsius restaurants, and 41,700 slot machines in facilities located in 13 states ("Harrah's Entertainment, Inc. Overview", 2004).
Harrah's Entertainment also plans to initiate an Internet-based gambling operati
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