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Harrahs returning to a public listing
2/23/10 - The giant US land (and possibly online in the future) gambling group Harrah's Entertainment could return to a public listing three to five years hence, according to speculation by chief executive officer Gary Loveman this week.
Speaking to the Reuters Travel and Leisure Summit in New York, Loveman emphasised that he was speculating on what the future might hold, but inevitably his comments are being interpreted as fishing for reactions or indicating a move under consideration by the Harrah's board.
Reuters reports that the gambling giant was taken private by TPG and Apollo Management in January 2008, after the two private equity firms bought the hotel/casino company for $31 billion that year.
Although there have been no talks with the private equity groups yet, Loveman said that an IPO (initial public offering) at some future point was a possibility. Harrah's, like most other land casino groups has been hammered by the economic recession.
Loveman said he thought Harrah's would gradually work its way back to a more public position, as opposed to doing it in "one fell swoop."
He added that the company would wait for a few developments, including an economic recovery and the possible legalisation of online poker, before going public.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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