Deals
Harrah’s IPO Seeks to Raise as Much as $575 Million
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Harrah’s Entertainment Inc., the world’s biggest casino company, plans an initial public offering that will include selling stock to raise as much as $575 million for planned projects in Las Vegas and Ohio.
Harrah’s will use the proceeds to finish its 660-room Octavius Tower at Caesars Las Vegas, develop the LINQ retail and entertainment area next to the Flamingo on the Las Vegas Strip, and invest in the potential joint-venture development of two Ohio casinos with Rock Gaming LLC, the company said today in a U.S. regulatory filing.