Casino company Harrah’s gets buyout offer of $15 billion
Harrah’s Entertainment received a $15.05 billion offer for the company from two private-equity firms in what would be the biggest deal ever for a casino operator and the fifth-largest leveraged buyout in history.
Related Gambling News:
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- Private-equity firms make $15.05B offer for Harrah’s
- The Prize Is Harrah’s 40 Casinos; The Buy-In Price Is $15 Billion
- Casinos mum on buyout response
- Casino Operator Gets $15.1 Billion Takeover Offer
- Tribe asks judge to stop Harrahs casino in Kansas
- UK buyout firm Candover has taken a hit on UK gambling company Gala Coral, implying a £700m
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- A month into its operation, has Harrahs Racetrack and Casino been a boon or bust for the city?
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Interesting gambling facts:
- In Paris, legislation prohibiting playing cards was passed in 1377, and in Italy, playing cards and dice were burned.
- Video Poker machines were introduced in the 1970s, when an oil embargo had a negative impact on Vegas revenues. The machines were popular enough to spark a recovery in casino business.
- Keno, the casino version of lotto, originated in China nearly 2000 years ago when Cheung Heung devised a lottery as a way of raising funds for his province's army.
- If you have even seen a Baccarat player bend the cards and make a fold in them, don't be surprised. This is common because once the decks in the card shoe are finished in Baccarat, they are usually thrown away. In Baccarat, do not bet on a tie hand.
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