Vol. 4, No. 2, February 2008, Tumbling Dice
Harrah's buyout done
With approval from the Nevada Gaming Commission and the National Indian Gaming Commission, the $17.7 billion Apollo Management and TPG Capital buyout of Harrah’s Entertainment cleared it’s final regulatory hurdles. The deal closed in late January.
Harrah’s chairman and CEO Gary Loveman said the change to private ownership will not change the company’s direction or its plans. Loveman and the current management team will continue to handle day-to-day operations.
The board of directors will consist of Loveman and four representatives from Apollo and four from TPG.
Harrah’s chairman and CEO Gary Loveman said the change to private ownership will not change the company’s direction or its plans. Loveman and the current management team will continue to handle day-to-day operations.
The board of directors will consist of Loveman and four representatives from Apollo and four from TPG.
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