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