Casino Operator Gets $15.1 Billion Takeover Offer
Harrah’s Entertainment Inc., the world’s largest casino operator, received a $15.1 billion takeover offer from two private equity firms in what would be the fourth-largest leveraged buyout ever.
Related Gambling News:
- Malaysian company takeover closes in on offer level of 30 percent
- Tabcorp withdraws from takeover bid
- Casino company Harrah’s gets buyout offer of $15 billion
- The Prize Is Harrah’s 40 Casinos; The Buy-In Price Is $15 Billion
- Stanley Leisure: Casino Attendance Up
- U.K. Stocks Gain as Mining Shares Rise; National Express Jumps
- 18-08-2008: Poser over Hong Leongs bet on UK gaming
- Private-equity firms make $15.05B offer for Harrah’s
- Boss Media takeover fails
- Tattersall’s, MacBank in big win
- Televisa says could still make offer for Univision
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Do you know that:
- Playing cards are believed to have been invented in China and/or India sometime around 900 A.D. The Chinese are thought to have originated card games when they began shuffling paper money (another Chinese invention) into various combinations.
- At a land-based casino, if your slot machine is malfunctioning, you won't get paid if you win the jackpot! All slot machines have this written on them but many players are not aware of this policy. The casinos have a device which lets them know if a slot machine is malfunctioning or if it's been tinkered with. Your best bet is to stop playing at it and try another.
- 1993: Steve Wynn buys the Dune Hotel, then implodes it to make way for the Bellagio. The new MGM Grand is completed, once again becoming the world's largest hotel. On December 31, Barbra Streisand stars in the inaugural concert at the MGM Grand Garden Arena.
- Nevada is the oldest and largest legalized gaming center in the United States. Gaming was legalized in Nevada in 1931 in the middle of the Great Depression as a form of economic stimulant.
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