Harrah's
Exec Resigns
As reported by the Philadelphia
Inquirer: "The top Harrah's executive in
charge of the company's four casinos in Atlantic
City resigned from his post Monday.
"A
Harrah's Entertainment Inc. spokeswoman said
yesterday that David Jonas, Harrah's regional
president, resigned for 'personal reasons.'
Carlos Tolosa, eastern division president for
Harrah's, will serve as interim regional president
until the company finds a replacement for Jonas.
"…The
company's four Atlantic City properties - Harrah's,
Showboat, Caesars and Bally's - accounted for
40 percent of last year's $4.8 billion in total
gambling revenue. Harrah's Entertainment is
also poised to become a major player in Pennsylvania,
which legalized gambling last year, and is developing
a site it co-owns into a racetrack and casino
with 2,500 slot machines in Chester, Delaware
County.
"Jonas
has been intimately involved in the company's
revamping of its Atlantic City casinos. He was
on hand at the grand opening of the House of
Blues - a major concert and restaurant venue
- at Showboat casino in July, and was overseeing
the development of the $175 million Pier at
Caesars, a retail, dining and entertainment
complex behind Caesars on the Boardwalk that
is set to open in spring 2006.
"…Jonas'
departure also comes at a crucial time for Atlantic
City. The East Coast gambling capital has seen
significant management turnover as it faces
increased competition from surrounding states…"
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