• Harrah’s IPO to fund pipeline

Harrah’s Entertainment plans to build an additional hotel casino in Cincinnati with the proceeds of its proposed IPO, which is expected to raise up to $575m.

The group will also expand its current holdings in Las Vegas. Harrah’s was taken private in 2008 and in June this year sold a 9.9% stake to Paulson & Co.

See the full release here:
http://investor.harrahs.com/phoenix.zhtml?c=84772&p=irol-irhome#7170853

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