Harrah's Gives Estimated IPO Terms - Wall Street Journal

Friday, 05 November 2010 14:17 administrator
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BY ALEXANDRA BERZON AND JOHN KELL

Harrah's Entertainment Inc. on Friday announced estimated terms of its initial public offering as the indebted casino giant moves closer to a return to the public markets under a new name.

A small portion of the company will become public again under the name Caesars Entertainment Corp. The listing

comes less than three years after private equity firms TPG Inc. and Apollo Management LP took it private in a $27.8 billion buyout at the height of the market. The debt to finance the deal has been a heavy weight on Harrah's.

The name change reflects Harrah's marquee hotel ...



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