Harrah's has been sold

Originally Posted by philcski

Trust me, this deal isn't getting done tomorrow by any means. It'll be a year or two before they really start moving real estate. Both private equity firms will have to get licensed in every jurisdiction Harrah's operates before any handover can occur; on top of that, the first thing that will happen is the current outstanding debt will be repackaged or securitized. This will take time, of course, as well.

P.S. this is my REAL job so i'm not totally full of sh!t

Yeah I trust you that is for sure. Do you think they are going to part with the 1/2 ownership in Turfway Park. I dont seem them moving any real estate until 2009/2010.