english 
dansk
deutsch
español
français
italiano
nederlands
norsk
português
suomeksi
svenska
日本語
한국어
Poker News
WSOP
Pot Odds Calculator
Check Your Bets
Poker Glossary
Poker Variants
Offline Cardrooms
Poker TV Listings
Poker Movies
History of Poker
FAQ
Terms of Use
Harrah's Entertainment Gets Buyout Offer
Business, 2006-10-03, by Ozone
On the first stock trading day following the passage of anti-internet gambling legistlation, Harrah's Entertainment saw their stock increase by 14 percent. The casino giant has strong ties to the poker world; they own the World Series of Poker (WSOP).
The stock was driven up by an offer from Apollo Management and Texas Pacific Group to buy Harrah's for $15.1 billion. Harrah's said they have "not determined that a transaction is in the best interests of Harrah's and its stockholders."
The offer is set at $81 per share. Harrah's stock closed at $75.68 on Monday; up $9.25.
The stock was driven up by an offer from Apollo Management and Texas Pacific Group to buy Harrah's for $15.1 billion. Harrah's said they have "not determined that a transaction is in the best interests of Harrah's and its stockholders."
The offer is set at $81 per share. Harrah's stock closed at $75.68 on Monday; up $9.25.
Return to Poker News
