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December 29, 2005
Forest City Enterprises & Harrah's Entertainment, Inc. File Application to Create Gaming Facility in Pittsburgh
PR Newswire
Forest City Enterprises (NYSE: FCEA; FCEB) and Harrah's Entertainment, Inc. (NYSE: HET) have united in a team approach to securing a license to create a gaming facility in Pittsburgh and formally filed their application with the Pennsylvania Gaming Control Board today. The application provides that Forest City Enterprises, together with a group of prominent local business people, will own the gaming facility, while Harrah's Entertainment, Inc. will develop and manage the casino.
"Forest City Enterprises is a $7.4 billion real estate company with a proven commitment to Pittsburgh and has a solid history of results for Pittsburgh and Pennsylvania. Harrah's Entertainment is the biggest name in gaming in the world, with 40 premier casinos," said Albert Ratner, Co-chairman of the Board, Forest City Enterprises, Inc. "Together, we are proud to combine our expertise and put forth a formal application to create a casino in Pittsburgh."
Posted by lumi at December 29, 2005 6:29 AM