SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of the Securities
Exchange Act of 1934 (Amendment No. )
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by Rule 14a-6(e)(2))
Harrah's Entertainment, Inc.
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(Name of Registrant as Specified In Its Charter)
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(Name of Person(s) Filing Proxy Statement, if other than the
Registrant): Hotel Employees & Restaurant Employees
International Union
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Hotel Employees and Restaurant
Employees International Union ("HERE")
Research Department
1219 28th Street, N.W.
Washington, D.C. 20007
tel. (202) 393-4373
fax (202) 333-6049
For Release: March 27, 1997
Contact: Matthew Walker 202-393-4373
Harrah's (HET) Shareholder Solicits to Rescind Company's Poison
Pill.
The Hotel Employees and Restaurant Employees International Union
("HERE") has commenced solicitation for their shareholder
proposal to rescind Harrah's Entertainment Inc.'s poison pill.
Harrah's Entertainment Inc. (Ticker: HET) is a casino gaming
company headquartered in Memphis, Tennessee. The Harrah's Annual
Meeting in Memphis is currently scheduled for April 25, 1997.
The proposal would amend the company's by-laws to redeem Harrah's
poison pill and require prior approval by a majority shareholder
vote for adoption of any such poison pill in the future.
In 1996, according to the Investor Responsibility Research
Center, shareholder support for proposals opposing pills
increased to 53.4%, the highest support of any issue that proxy
season. Such proposals received eight majority votes in 1996:
Weyerhauser, Rite Aid, Fleming, Supervalu, Rowan, Baker Hughes,
Wellman, and Consolidated Natural Gas.
HERE is conducting its own solicitation and has mailed its own
proxy card. Management is re-soliciting shareholders.
Management's revised card includes the anti-poison pill proposal.
Shareholders should contact HERE or Harrah's Entertainment Inc.
to obtain updated proxy cards. HERE recommends shareholders not
use management's original proxy card.
For more information, contact Matthew Walker at 202-393-4373.
