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The Chip Board Archive 11

NEWS FROM L.V. NCR

Review/Journal stories on Aztar sale rumors; Harrah's proposed sale of some of its properties; Venetian & internet gambling site; and some other stuff.

http://www.reviewjournal.com/lvrj_home/2004/Sep-19-Sun-2004/business/24787237.html

Here's part of the Harrah's story:

"Word on the Street is that Harrah's Entertainment is close to a final deal with Colony Capital to sell four properties involved in its $9.4 billion buyout of Caesars Entertainment, a move that could speed the regulatory process. Harrah's has been hunting for buyers to unload some of the less-critical properties it would own after the merger. Colony Capital, which recently bought the Las Vegas Hilton and owns Resorts International near Atlantic City, reportedly wants to buy Atlantic City Hilton and Bally's Tunica (Miss.), both owned by Caesars, and Harrah's Tunica and Harrah's East Chicago. Sources said that, together, the four properties should command a price of about $1.26 billion."


Copyright 2022 David Spragg