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Banks including Goldman, Citigroup and Credit Suisse had been working on the float that would have seen almost 10pc of Harrah's sold at a price of between $15 and $17 a share.
John Paulson, the hedge fund manager famed for making billions of dollars from the sub-prime crisis, was also planning to sell the 30.2m shares he had received in exchange for the Harrah's bonds he
Founded 70 years ago in Reno, Nevada, Harrah's also owns and operates the World Series of Poker tournament.
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