Kings Of Vegas

Harrah’s Hits Jackpot with Buyout Offer

Harrah’s received an unsolicited offer today which sent the share price soaring.

From Yahoo News:

NEW YORK (Reuters) - Harrah’s Entertainment Inc. (NYSE:HET - news), the world’s biggest casino operator, on Monday said it had received a $15 billion buyout offer from private equity firms Apollo Management and Texas Pacific Group. (TPG.UL), sending shares of the whole gaming sector up.

The proposed deal, which would rank as the fifth-largest leveraged buyout on record, signals new interest in the gambling sector for heavily funded private equity groups, which have struck big deals this year in health care, media and technology.

Las Vegas-based Harrah’s — which owns or manages more than 40 casinos, mainly under the Harrah’s, Caesars and Horseshoe brands — gave no indication that it would accept the deal. It said it had formed a special committee of its non-management directors to review the proposal.

Add comment October 2nd, 2006

Monday Night Football: Green Bay at Philly

Favre’s O-line won’t be able to stop the improved D-line of the Eagles. McNabb is back in form and the Packer’s will be chasingn all night long - and for Favre, that means intereceptions.

For your free money on Monday Night and our official pick, Take the Eagles -11. Money in the bank.
I’m also throwing another unit on the parlay with the OVER at 48.5, but no higher than 49.5

Add comment October 2nd, 2006