Planet Hollywood International, Inc. (PHWDQ)

[monda2frida]

PHWDQ Common Stock 10/19/2011 Plan of Bankruptcy Effective. All shares have been cancelled.

http://www.otcbb.com/asp/dailylist_detail.asp?d=10/18/2011&mkt_ctg=ALL

[ICEQUITY]

Hedge fund agrees to buy Harrah's shares for debt
By: The Associated Press | 03 Jun 2010 | 09:07 PM ET Text Size
LAS VEGAS - The New York-based hedge fund run by billionaire John Paulson has agreed to buy a 9.9 percent stake in Harrah's Entertainment Inc. in exchange for $710 million in debt from the world's largest casino operator.

Harrah's Entertainment said Thursday that the exchange is part of a $1.12 billion transaction that also gives an additional 5.7 percent equity interest to Apollo Global Management LLC and TPG Capital, LP, for $408 million in debt. Apollo and TPG took Harrah's private in January 2008.

Paulson & Co. Inc., Apollo and TPG agreed to buy $835 million worth of notes due from 2015 to 2017 for $557 million as part of the exchange, Harrah's said. Paulson, which foresaw the distress in subprime mortgages and reaped billions by betting against the related securities, bought $532 million in notes while Apollo and TPG bought $303 million in notes.

Harrah's said the deal would raise $557 million in cash for the company, which it planned to use to help its balance sheet, make strategic investments and for corporate purposes.

"We are raising capital for emerging domestic and international growth opportunities, and upon closing of the exchange, will reduce our debt and lower our interest expense," Gary Loveman, Harrah's chief executive, said in a statement.

The company said it would have $1.5 billion in cash on hand, $3 billion in available liquidity and no significant debt due until 2015 after the transaction.

Harrah's said it anticipates the deal to close during the fourth quarter or in the first quarter next year.

Paulson won't get a board seat or other governing rights as part of its deal, Harrah's said.

Harrah's earned $827.6 million in 2009 despite reporting lower revenue than in 2008, when the company reported a $5.2 billion loss. Harrah's reported $8.9 billion in revenue last year, compared with $9.4 billion in 2008.

[DFW]

WARNING BANKRUPTCY

http://www.otcmarkets.com/pink/quote/quote.jsp?symbol=PHWDQ

Company Notes
?Note=8-99 company filed petition under Chapter XI of the Federal Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware. Case No. 99-3612. 11-99 company filed Joint Plan of Reorganization. Plan approved by Bankruptcy Court on 1-21-00; company emerged from bankruptcy on 5-9-00. All Com (Old) cancelled & exchanged for 200,000 warrs to purchase Com (New); shareholders will receive no fewer than 10 new warrs for every 5,450 shs held; bondholders received Com (New), cash & PIK Notes in exchange for cancellation of the old Notes

[DFW]

Gaming Commission: With Planet Hollywood, is Harrah’s too big?

CARSON CITY – While unanimously approving the takeover of Planet Hollywood, the Nevada Gaming Commission today questioned whether Harrah’s is becoming too big in the Las Vegas market.

Harrah’s will now have nine casinos with an estimated 25,000 employees, or about 20 percent of the workforce in the industry in Southern Nevada. (MGM Mirage remains the state's largest gaming company. The company has 12 casinos in Southern Nevada, 10 of them, including its half-owned Aria at CityCenter, on the Las Vegas Strip. The company employs about 53,000 workers in Southern Nevada.)

Commission Chairman Peter Bernhard cited a law enacted when Howard Hughes bought a slew of casinos on the Strip that would guard against a monopoly. He wondered if there would be a “negative impact on the market share.”

Attorney Dennis Gallagher said Harrah’s has a number of national contracts with suppliers in an effort to get the best prices. But each casino has the ability to make a decision on a particular contract if it thinks it can receive a better deal, he said.

Marilyn Winn, who is president of Bally's and Paris Las Vegas for Harrah’s, will become president at the financially distressed Planet Hollywood. She said employees won't have to be rehired or take another drug test to stay on the job.

There are 2,300 employees at Planet Hollywood. She said she would be posting 40 available jobs at the resort.

Planet Hollywood would be placed between Caesars Palace and Harrah's Las Vegas in pricing and customer appeal, she said. She added that the Miss America pageant will continue to be staged at Planet Hollywood.

The commission was also concerned today about the conduct at Prive, which is operated by another company under a lease. Planet Hollywood was fined $500,000 last summer for problems associated with the nightclub that included serving minors, fighting and lewd and sexual conduct.

Winn said it was reviewing the incidents and Harrah’s would “ensure it was run with security. We are aware of the prior situation,” she told the commission.

Commissioner John Moran questioned why in these troubled economic times, Harrah's wanted to acquire the property.

Jonathan Halkyard, senior vice president and chief financial officer for Harrah’s, said it acquired $300 million in debt for $70 million. There is still a $500 million mortgage on the property but he expects to meet the annual payments.

Halkyard called Planet Hollywood a “complement to (its) Las Vegas properties.” He said Harrah’s improved business at Caesars Palace, the Flamingo and Imperial Palace after it took them over. He told the commission he thought Planet Hollywood could be marketed more effectively.

Bernhard told Harrah’s officials he had seen “many transformations” of this hotel-casino since it opened as the Tally Ho. But this venture, he said, has “the greatest chance of success.”


http://www.lasvegassun.com/news/2010/feb/18/gaming-commission-planet-hollywood-harrahs-too-big/

[ICEQUITY]

Yes .0003 to .20, but not much trading... I'm just watching to see what kind of tricks they are trying to do with a company that I thought was private.

Historical Prices
Date Open High Low Close Volume Adj
Close
2010/04/26 0.0060 0.0060 0.0060 0.0060 - 0.0060
2010/04/23 0.0060 0.0060 0.0060 0.0060 - 0.0060
2010/04/22 0.0060 0.0060 0.0060 0.0060 - 0.0060
2010/04/21 0.0060 0.0060 0.0060 0.0060 760 0.0060
2010/04/20 0.20 0.20 0.20 0.20 - 0.20
2010/04/19 0.20 0.20 0.20 0.20 - 0.20
2010/04/16 0.20 0.20 0.20 0.20 - 0.20
2010/04/15 0.20 0.20 0.20 0.20 - 0.20
2010/04/14 0.20 0.20 0.20 0.20 - 0.20
2010/04/13 0.20 0.20 0.20 0.20 - 0.20
2010/04/12 0.20 0.20 0.20 0.20 - 0.20
2010/04/09 0.20 0.20 0.20 0.20 - 0.20
2010/04/08 0.20 0.20 0.20 0.20 - 0.20
2010/04/07 0.20 0.20 0.20 0.20 - 0.20
2010/04/06 0.20 0.20 0.20 0.20 - 0.20
2010/04/05 0.20 0.20 0.20 0.20 - 0.20
2010/04/02 0.20 0.20 0.20 0.20 - 0.20
2010/04/01 0.20 0.20 0.20 0.20 - 0.20
2010/03/31 0.20 0.20 0.20 0.20 - 0.20
2010/03/30 0.20 0.20 0.20 0.20 - 0.20
2010/03/29 0.20 0.20 0.20 0.20 - 0.20
2010/03/26 0.20 0.20 0.20 0.20 - 0.20
2010/03/25 0.20 0.20 0.20 0.20 - 0.20
2010/03/24 0.20 0.20 0.20 0.20 - 0.20
2010/03/23 0.20 0.20 0.20 0.20 - 0.20
2010/03/22 0.20 0.20 0.20 0.20 - 0.20
2010/03/19 0.20 0.20 0.20 0.20 - 0.20
2010/03/18 0.20 0.20 0.20 0.20 - 0.20
2010/03/17 0.20 0.20 0.20 0.20 - 0.20
2010/03/16 0.20 0.20 0.20 0.20 - 0.20
2010/03/15 0.20 0.20 0.20 0.20 - 0.20
2010/03/12 0.20 0.20 0.20 0.20 - 0.20
2010/03/11 0.20 0.20 0.20 0.20 - 0.20
2010/03/10 0.20 0.20 0.20 0.20 - 0.20
2010/03/09 0.20 0.20 0.20 0.20 - 0.20
2010/03/08 0.20 0.20 0.20 0.20 - 0.20
2010/03/05 0.20 0.20 0.20 0.20 - 0.20
2010/03/04 0.20 0.20 0.20 0.20 - 0.20
2010/03/03 0.20 0.20 0.20 0.20 - 0.20
2010/03/02 0.20 0.20 0.20 0.20 - 0.20
2010/03/01 0.20 0.20 0.20 0.20 - 0.20
2010/02/26 0.20 0.20 0.20 0.20 - 0.20
2010/02/25 0.20 0.20 0.20 0.20 100 0.20
2010/02/24 0.050 0.050 0.050 0.050 - 0.050
2010/02/23 0.050 0.050 0.050 0.050 - 0.050
2010/02/22 0.050 0.050 0.050 0.050 - 0.050
2010/02/19 0.050 0.050 0.050 0.050 - 0.050
2010/02/18 0.050 0.050 0.050 0.050 - 0.050
2010/02/17 0.050 0.050 0.050 0.050 - 0.050
2010/02/16 0.050 0.050 0.050 0.050 - 0.050
2010/02/15 0.050 0.050 0.050 0.050 - 0.050
2010/02/12 0.050 0.050 0.050 0.050 - 0.050
2010/02/11 0.050 0.050 0.050 0.050 6,000 0.050
2010/02/10 0.20 0.20 0.20 0.20 - 0.20
2010/02/09 0.20 0.20 0.20 0.20 - 0.20
2010/02/08 0.20 0.20 0.20 0.20 - 0.20
2010/02/05 0.20 0.20 0.20 0.20 - 0.20
2010/02/04 0.20 0.20 0.20 0.20 - 0.20
2010/02/03 0.20 0.20 0.20 0.20 - 0.20
2010/02/02 0.20 0.20 0.20 0.20 - 0.20
2010/02/01 0.20 0.20 0.20 0.20 - 0.20
2010/01/29 0.20 0.20 0.20 0.20 - 0.20
2010/01/28 0.20 0.20 0.20 0.20 - 0.20
2010/01/27 0.20 0.20 0.20 0.20 - 0.20
2010/01/26 0.20 0.20 0.20 0.20 - 0.20
2010/01/25 0.20 0.20 0.20 0.20 - 0.20
2010/01/22 0.20 0.20 0.20 0.20 - 0.20
2010/01/21 0.20 0.20 0.20 0.20 - 0.20
2010/01/20 0.20 0.20 0.20 0.20 - 0.20
2010/01/19 0.20 0.20 0.20 0.20 - 0.20
2010/01/18 0.20 0.20 0.20 0.20 - 0.20
2010/01/15 0.20 0.20 0.20 0.20 - 0.20
2010/01/14 0.20 0.20 0.20 0.20 - 0.20
2010/01/13 0.20 0.20 0.20 0.20 - 0.20
2010/01/12 0.20 0.20 0.20 0.20 - 0.20
2010/01/11 0.20 0.20 0.20 0.20 - 0.20
2010/01/08 0.20 0.20 0.20 0.20 - 0.20
2010/01/07 0.20 0.20 0.20 0.20 2,100 0.20
2010/01/06 0.00030 0.00030 0.00030 0.00030 - 0.00030
2010/01/05 0.00030 0.00030 0.00030 0.00030 - 0.00030
2010/01/04 0.00030 0.00030 0.00030 0.00030 - 0.00030
2010/01/01 0.00030 0.00030 0.00030 0.00030 - 0.00030
2009/12/31 0.00030 0.00030 0.00030 0.00030 - 0.00030
2009/12/30 0.00030 0.00030 0.00030 0.00030 - 0.00030
2009/12/29 0.00030 0.00030 0.00030 0.00030 5,440 0.00030
2009/12/28 0.00030 0.00030 0.00030 0.00030 100 0.00030
2009/12/25 0.00030 0.00030 0.00030 0.00030 - 0.00030
2009/12/24 0.00030 0.00030 0.00030 0.00030 - 0.00030
2009/12/23 0.00030 0.00030 0.00030 0.00030 - 0.00030
2009/12/22 0.00030 0.00030 0.00030 0.00030 - 0.00030
2009/12/21 0.00030 0.00030 0.00030 0.00030 - 0.00030
2009/12/18 0.00030 0.00030 0.00030 0.00030 - 0.00030
2009/12/17 0.00030 0.00030 0.00030 0.00030 - 0.00030
2009/12/16 0.00030 0.00030 0.00030 0.00030 300 0.00030
2009/12/15 0.0010 0.0010 0.00030 0.00030 - 0.00030
2009/12/14 0.0010 0.0010 0.00030 0.00030 - 0.00030
2009/12/11 0.0010 0.0010 0.00030 0.00030 - 0.00030
2009/12/10 0.0010 0.0010 0.00030 0.00030 - 0.00030
2009/12/09 0.0010 0.0010 0.00030 0.00030 - 0.00030
2009/12/08 0.0010 0.0010 0.00030 0.00030 - 0.00030

[DFW]

Is thing even trading?

[ICEQUITY]

Financial Press Releases..... click on planet H links you will see...

Harrah’s Operating Escrow LLC
and
Harrah's Escrow Corporation (the “Escrow Issuers”)

wholly-owned unrestricted subsidiaries of Harrah’s Operating Company, Inc. (“HOC”)

are proposing to issue $500 million aggregate principal amount

of second priority senior secured notes due 2018

????
Investor Inquiries
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Harrah’s Entertainment Announces Proposed $500 Million Debt Offering
Las Vegas- April 13 2010 Harrah's Entertainment, Inc. (“Harrah's”) announced today that Harrah’s Operating Escrow LLC and Harrah's Escrow Corporation (the “Escrow Issuers”), wholly-owned unrestricted subsidiaries of Harrah’s Operating Company, Inc. (“HOC”), are proposing to issue $500 million aggregate principal amount of second priority senior secured notes due 2018 (the “Notes”) in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”). The offer is subject to a number of conditions, including the receipt of approval from applicable gaming authorities and the expiration of the redemption period in respect of certain of HOC’s existing senior notes and senior subordinated notes as described below. Upon satisfaction of certain conditions, HOC would assume the Escrow Issuers’ obligations under the Notes.

Harrah’s intends to use the net proceeds from this private offering to redeem its currently outstanding 5.50% Senior Notes due 2010, 8.0% Senior Notes due 2011 and 8.125% Senior Subordinated Notes due 2011, as well as for other general corporate purposes, including repaying revolving loans outstanding under its senior secured credit facilities.

The Notes are being offered only to qualified institutional buyers in reliance on Rule 144A under the Securities Act, and outside the United States, only to non-U.S. investors pursuant to Regulation S. The Notes will not be initially registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent an effective registration statement or an applicable exemption from registration requirements or a transaction not subject to the registration requirements of the Securities Act or any state securities laws.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offering, solicitation or sale would be unlawful.

About Harrah’s Entertainment
Harrah's Entertainment, Inc. is the world's largest provider of branded casino entertainment. Since its beginning in Reno, Nevada, more than 70 years ago, Harrah's has grown through development of new properties, expansions and acquisitions, and now operates casinos on four continents. The company's properties operate primarily under the Harrah's®, Caesars® and Horseshoe® brand names; Harrah's also owns the London Clubs International family of casinos and the World Series of Poker®. Harrah's Entertainment is focused on building loyalty and value with its customers through a unique combination of great service, excellent products, unsurpassed distribution, operational excellence and technology leadership.

This release includes “forward-looking statements.” You can identify these statements by the fact that they do not relate strictly to historical or current facts. These statements contain words such as “may,” “will,” “project,” “might,” “expect,” “believe,” “anticipate,” “intend,” “could,” “would,” “estimate,” “continue” or “pursue,” or the negative or other variations thereof or comparable terminology. In particular, they include statements relating to, among other things, future actions, new projects, strategies, future performance, the outcomes of contingencies and future financial results of Harrah's. These forward-looking statements are based on current expectations and projections about future events. The proposed offering is subject to a number of conditions, including receipt of approval from the applicable gaming authorities, and there can be no assurance whether such offering will be completed on the terms discussed above or at all.

Investors are cautioned that forward-looking statements are not guarantees of future performance or results and involve risks and uncertainties that cannot be predicted or quantified and, consequently, the actual performance of Harrah's may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, but are not limited to, factors described from time to time in our reports filed with the Securities and Exchange Commission (including the sections entitled “Risk Factors” and “Management's Discussion and Analysis of Financial Condition and Results of Operations” contained therein).

Any forward-looking statements are made pursuant to the Private Securities Litigation Reform Act of 1995 and, as such, speak only as of the date made. Harrah's does not undertake any obligation to update the forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements which speak only as of the date stated, or if no date is stated, as of the date of this press release.



Contact:
Jacqueline Peterson – Media
Harrah’s Entertainment, Inc.
[phone]
Jonathan Halkyard – Investors
Harrah’s Entertainment, Inc.
[phone]

[DFW]

I like the dancers they have behind the black jack dealers....

I have a timeshare across the street at the jockey club and spend a week there every year.....

I wonder if the stock still trades after Harrah's buys them and as you know Hurrahs was taken private at the height of the market which is why their dept is so high....

[TOUCAN]

looks interesting here

[ICEQUITY]

Snapshot of PLANET HOLLYWOOD INTL INC (PHWDQ)
OPEN
--

PREVIOUS CLOSE
$0.20
DAY HIGH
--

DAY LOW
--
52 WEEK HIGH
01/7/10 - $0.20

52 WEEK LOW
11/20/09 - $0.0003
MARKET CAP
--

AVERAGE VOLUME 10 D
0.0
EPS TTM
--

SHARES OUTSTANDING
10.0M
PHWDQ Does Not Pay Dividends

P/E TTM
--

Planet Hollywood International Inc. (PHWDQ)
Harrah's to manage Planet Hollywood in Las Vegas
2010-03-03 03:49:06
Quote: LAS VEGAS (AP) -- Harrah's Entertainment is taking over management of hotel operations at the Planet Hollywood casino-resort in Las Vegas as it negotiates with lenders to buy the property.The privately held casino operator said Friday that it would start managing the hotel at midnight on Saturday.Planet Hollywood has 2,500 rooms and manages another 1,200 units, including vacation homes and regular hotel rooms, in an expansion tower that opened this month.The resort defaulted on an $860 million loan in September, according to Securities and Exchange Commission filings.There is no deal yet for Harrah's to take ownership of the property, but the gambling giant applied with Nevada gambling regulators for a license to run it.Harrah's Entertainment CEO Gary Loveman said in a statement that the company was discussing restructured ownership with Planet Hollywood and its lenders.Harrah's officials have said they like Planet Hollywood for its location and brand.The resort sits next to the Paris Las Vegas hotel-casino on the Las Vegas Strip, and would give Harrah's a significant amount of contiguous land along the east side of the Strip, now occupied by eight casinos.Planet Hollywood is now owned by a partnership that includes Robert Earl, founder of the Planet Hollywood International Inc. restaurant chain, as well as private equity investor Bay Harbour and Starwood Hotels & Resorts Worldwide Inc.The partnership bought the Aladdin hotel-casino in September 2004 and opened the rebranded resort in 2007.The hotel had $869.9 million in total debt as of Sept. 30, including $842.8 million on the loan it defaulted on, according to a November regulatory filing.Harrah's, meanwhile, has been reworking billions of dollars in debt since it went private in January 2008. The Las Vegas-based company that runs more than 50 casinos worldwide had $19.3 billion in total debt as of Sept. 30, it said in a Dec...
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