Harrah's still mulling the $83 per share offer withut a decision. The Review/Journal reportts that there may be a second offer coming:

"Penn National Gaming, a casino and horse racing track operator based in Wyomissing, Pa., reportedly is interested in bidding for Harrah's. Sources said the company was prepared to offer $88.50 a share for Harrah's, a deal worth more than $16.5 billion."

http://www.reviewjournal.com/lvrj_home/2006/Dec-15-Fri-2006/business/11443591.html