Casino Operator Harrah's Entertainment Delays IPO - ABC News

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Casino operator Harrah's Entertainment has not priced its initial public offering despite indicating earlier that it would

begin selling shares on the Nasdaq market this week.

A regulatory filing by the Las Vegas-based company this week said the execution time for the offering would be Thursday.

Spokespeople for the Las Vegas-based casino operator declined to comment Thursday afternoon.

Harrah's previously said it would sell shares to raise as much as $531 million for casino projects and to help with its heavy debt burden.

The shares were supposed to be priced somewhere between $15 and 17 each.

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