Sunday, February 14, 2010
Now Harrah's is looking to add one more Las Vegas casino to their already impressive portfolio. Their acquisition of the rock-themed Planet Hollywood casino resort has been in makings for a long time and a week the Nevada's gaming regulator finally gave the acquisition a preliminary go-ahead.
Harrah's is paying $70 million for the Planet Hollywood casino, which might feel like a low amount but according to the deal they will also have to take care of the Planet Hollywood's debts which already amount over $300 million.
With Harrah's ever-expanding emporium it is most likely only a matter of time before they make their way into online casino gaming. At first they might be looking into only borrowing one of their famous brands names to online casino in exchange for cash, however were the laws to change in USA it is almost guaranteed that all the major land-based casino operators will be rushing into the online gaming business and giving the current major online casino operators such as the 888.com a real run for their money.
Harrah's is paying $70 million for the Planet Hollywood casino, which might feel like a low amount but according to the deal they will also have to take care of the Planet Hollywood's debts which already amount over $300 million.
With Harrah's ever-expanding emporium it is most likely only a matter of time before they make their way into online casino gaming. At first they might be looking into only borrowing one of their famous brands names to online casino in exchange for cash, however were the laws to change in USA it is almost guaranteed that all the major land-based casino operators will be rushing into the online gaming business and giving the current major online casino operators such as the 888.com a real run for their money.






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