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Brujah

12-20-2006 05:45 AM

Harrahs, Caesars, etc.. Sold $17.1bn

Harrah's Entertainment Inc., the world's largest casino company, accepted a $17.1 billion offer from Apollo Management LP and Texas Pacific Group in the fourth- biggest private-equity buyout ever.

http://www.bloomberg.com/apps/news?p...q2Y&refer=home

djroof

12-20-2006 05:47 AM

Damn... if I had 50$ more I could buy it...

Scott McD

12-20-2006 06:14 AM

Quote:

The company had planned a multibillion-dollar redevelopment of its Las Vegas Strip properties to compete with new, high-end casinos from Wynn, Las Vegas Sands and MGM Mirage. On Oct. 2 the company said it was trading 24 acres on the Strip for Boyd Gaming Corp's Barbary Coast Hotel and Casino, giving Harrah's a stretch of six casinos along the Strip's east side and a total of 350 acres.

Should be interesting. Can only be a good thing then !! :thumbsup

DaddyHalbucks

12-20-2006 08:14 AM

Harrah's is a gold mine.

maxjohan

12-20-2006 08:22 AM

Nice coin there!

$17.1 Billion

See... there is always companies ready to buy you
when you're ready to sellout, even for $17 Billion.

My plan?

Sell to Playboy in two years for $20 million

:thumbsup

Chris

12-20-2006 09:12 AM

thats alot of debt

Mr. Romance

12-20-2006 09:13 AM

once again...the house always wins

Mr. Romance

Brujah

12-20-2006 04:01 PM

These investors bought up Century21 and Cendant parent company.. or Realogy. They seem to have been buying up a lot.

Hollywood Horwitz

12-20-2006 04:25 PM

damn thats pimp to buy all those casino's!

dg4rez

12-20-2006 06:49 PM

hopefully my fucking boss gets fired and traded with a stoner

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