The Answer #1, has already been accepted but I wanted to post this for future readers.
tell application "iPhoto" to set theEvents to get name of every album
#You can then use the theEvents list.
#Example - log items of theEvents
log theEvents
--> {"Events", "Faces", "Places", "Photos", "Last 12 Months", "Last Import", "Flagged","Trash", "My Photo Stream", "Holiday 2008", "Holiday Sep 2008"}
#Example - work though the items of theEvents with a repeat loop
repeat with i from 1 to number of items in theEvents
set this_item to item i of theEvents
if this_item contains "Holiday" then
log this_item
-->(*Holiday 2008*)
-->(*Holiday Sep 2008*)
end if
end repeat