Gambling in private (PhillyInc)

Gambling in private

"We're a public company about to turn into a private company," said Harrah's Entertainment Inc. chairman and CEO Gary Loveman at today's 11th Annual East Coast Gaming Congress in Atlantic City. Loveman spoke as part of a panel on gambling and leisure industry trends. Shareholders of Harrah’s, the world’s largest gambling firm, recently approved the purchase by to two private-equity firms -- Apollo Management and Texas Pacific Group -- for $27.8 billion. The company owns four casinos in Atlantic City, and Loveman said he expected the transaction to be completed by the end of the year. -- Suzette Parmley

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This page contains a single entry from the blog posted on May 1, 2007 4:21 PM.

The previous post in this blog was New contract for Merck's steelworkers.

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