SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
Commission File Number 1-10410
NOTIFICATION OF LATE FILING
(Check One): [X] Form 10-K [ ] Form 11-K [ ] Form 20-F [ ] Form 10-Q
[ ] Form N-SAR
For Period Ended: December 31, 2000
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[ ] Transition Report on Form 10-K [ ] Transition Report on Form 10-Q
[ ] Transition Report on Form 20-F [ ] Transition Report on Form N-SAR
[ ] Transition Report on Form 11-K
For the Period Ended:__________________________________________________
Nothing in this form shall be construed to imply that the Commission has
verified any information contained herein.
If the notification relates to a portion of the filing checked above,
identify the item(s) to which the notification relates: Part IV, Item 14(a)2
PART I
REGISTRANT INFORMATION
Full Name of Registrant Harrah's Entertainment, Inc.
Former Name if applicable:
Address of principal executive office (Street and number) One Harrah's Court
City, state and zip code Las Vegas, Nevada 89119
PART II
RULE 12b-25 (b) and (c)
If the subject report could not be filed without reasonable effort or
expense and the registrant seeks relief pursuant to Rule 12b-25(b), the
following should be completed. (Check box if appropriate.)
(a) The reasons described in reasonable detail in Part III of this form
could not be eliminated without unreasonable effort or expense;
(b) The subject annual report, semi-annual report, transition report on
Form 10-K, 20-F, 11-K or Form N-SAR, or portion thereof will be
filed on or before the 15th
[ X ] calendar day following the prescribed due date; or the subject
quarterly report or transition report on Form 10-Q, or portion
thereof will be filed on or before the fifth calendar day following
the prescribed due date; and
(c) The accountant's statement or other exhibit required by Rule
12b-25(c) has been attached if applicable.
PART III
NARRATIVE
State below in reasonable detail the reasons why Form 10-K, 11-K,
20-F, 10-Q, N-SAR or the transition report portion thereof could not be filed
within the prescribed time period. (Attach extra sheets if needed).
The Company has an approximate 40% beneficial ownership interest in
JCC Holding Company and its subsidiary, Jazz Casino Company, LLC (collectively,
"JCC"). JCC is a public registrant and subject to the filing requirements of
Regulation S-X. On January 4, 2001, JCC filed a voluntary petition for
reorganization relief under Chapter 11 of the U.S. Bankruptcy Code. Due to the
filing of bankruptcy by JCC, in fourth quarter 2000 we recorded reserves of $220
million for receivables not expected to be recovered in JCC's reorganization
plan. These reserves were in addition to our equity pick-up of $46 million in
JCC operating losses for 2000. Due to reserves and losses we recorded in 2000
arising from our investment in this nonconsolidated affiliate, we are required
to file separate financial statements for JCC pursuant to Rule3-09(a). JCC is
currently completing its Form 10-K filing and has not released to us its audited
financial statements for the year ended December 31, 2000. After these
statements are available, we will file a Form 10-K/A to update the Form 10-K
that we filed on March 29, 2001, with this information.
PART IV
OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Judy T. Wormser (702) 407-6404
(2) Have all other periodic reports required under Section 13 or 15(d) of
the Securities and Exchange Act of 1934 or Section 30 of the Investment Company
Act of 1940 during the preceding 12 months or for such shorter period that the
registrant was required to file such report(s) been filed? If the answer is no,
identify report(s).
[ X ] Yes [ ] No
(3) Is it anticipated that any significant change in results of operations
from the corresponding period for the last fiscal year will be reflected by the
earnings statements to be included in the subject report or portion thereof?
[ ] Yes [ X ] No
If so: attach an explanation of the anticipated change, both narratively
and quantitatively, and, if appropriate, state the reasons why a reasonable
estimate of the results cannot be made.
Harrah's Entertainment, Inc.
(Name of Registrant as Specified in Charter)
Has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date April 3, 2001 By /s/ JUDY T. WORMSER
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Judy T. Wormser, Controller and
Principal Accounting Officer