The Wall Street Journal reported October 2 that Harrah's Entertainment may be purchased by several private equity firms. The report says the deal isn't done yet, but that it could be finalized this week. One of the interested firms is Tom Barrack's Colony Capital which has already made a name for itself in gaming.
What would the deal mean for Harrah's redevelopment of its Strip properties?
I can't link the Journal article, but here is AP's story:
Harrah's in Buyout Talks?