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Harrahs to Set Record Buyout
This past Monday set a huge record and left a mark in the live Casino industry. For the past year Harrah's has been negotiating and planning to buyout Apollo Management, and Texas Pacific Group. This sale is worth over $17 billion and will be recorded as the largest casino buyout ever.
Harrah's was waiting for the National Indian Gaming Commission to approval the sale, which is the last step of the sales process. Over the last week the Nevada Gaming Commission approved the sale. Also many other gaming commissions approved the sale as well. Harrah's expects the final touches and to acquire everything in the early weeks of 2008.
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