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:
- Casino quiet on popularity of buyout offer
- Station Casinos Gets $4.7B Buyout Bid
- Station Casinos says no to Boyd buyout offer
- 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
- 888 Soars After Signing Gambling Services Deal With Harrahs
- Accolades for Moneybookers
- Harrahs Interested in Applying for Macau Gambling License
- Casino Operator Gets $15.1 Billion Takeover Offer
- UK buyout firm Candover has taken a hit on UK gambling company Gala Coral, implying a £700m
- Protesters: Harrahs not worth the gamble
Gambling history facts:
- During the 1950s, the Senate Committee to Investigate Organized Crime in Interstate Commerce held a number of hearings on criminal influence in the casino industry. The committee was chaired by Senator Estes Kefauver, and the committee is also known by his name.
- The Great Wall of China was financed, in part, by a lottery. The Bible is replete with references to drawing lots. Lot casting was a favored means of communication between man and god.
- The term "turned the tables" is actually a chess term coming from the mid 1600's. When a player was losing, they would physically turn the chess table to assume the winning side of the table.
- Parimutuel wagering refers to the type of gambling where the total prize pool is based upon the amount of money wagered. The more money gambled, the bigger the prize.
RSS feed
