Harrah’s Eyeing Caesars

Harrah’s Entertainment is discussing a potential purchase of Caesars Entertainment


Harrah’s Entertainment Inc. is discussing a potential purchase of Caesars Entertainment Inc., the Las Vegas Sun reported last week.

The newspaper said a source close to the talks confirmed the discussions.

A merger of the two companies would create one even bigger than the pending $7.9 billion MGM Mirage purchase of Mandalay Resort Group.

Harrah’s operates the Harrah’s Las Vegas, Rio and Binion’s Horseshoe casinos in Las Vegas. While successful, they “don’t give Harrah’s the bulk to more vigorously compete with Caesars, MGM Mirage, Mandalay, the Venetian and Steve Wynn’s upcoming mega-resort,” the Sun reported.

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