Thursday, April 3, 2008

Harrah's, Slovenian group Hit suspend talks

"Harrah's Entertainment of the United States and Slovenia's Hit Group are suspending talks on construction of a 750-million-euro (1.17-billion-dollar) entertainment park in western Slovenia, the Hit Group said in a statement Wednesday.

'The two companies concluded that they could not find a solution that would meet the interests of both,' said Hit Group, which controls the largest casinos in the tiny European Union state.

It added that 'it was not possible to define a managing structure that would fulfill the interests of the Hit Group for a balanced development of Nova Gorica as a tourist destination and granting, at the same time, (Harrah's) expected influence in the new joint company.'"