After more than two months since the initial offer, Harrah’s Entertainment’s board of directors has accepted a $17.1 billion bid from Texas Pacific Group and Apollo Management to take the company private. What this means for the company’s Las Vegas Strip masterplan is anyone’s guess. Will major renovations go ahead as planned? Will pieces of the company be sold off over the next few years? Will the new owner be content to sit back and rake in big bucks for five or six years before taking the company public again? Stay tuned.<\/p>\n
Details of the deal can be found here<\/a> and here<\/a> and here.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"
Texas Pacific Group and Apollo Management buy Harrah’s Entertainment Inc.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-165","post","type-post","status-publish","format-standard","hentry","category-las-vegas-news"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t