Hints and tips:
...The private equity firms Apollo Global Management and TPG acquired what was then known as Harrah’s Entertainment for more than $30bn (the business model and operations are somewhat different so the transaction...
...In Apollo’s legacy leveraged buyout business, Rowan’s biggest deal, the $27bn takeover of Harrah’s Entertainment in 2008, nearly ended in catastrophe for him and his firm....
...The transaction, valued at $6.25bn, is a far cry from Apollo’s $27bn mega-buyout of Harrah’s Entertainment from 2008. That deal culminated in a contentious bankruptcy....
...It acquired the biggest US gaming empire, Harrah’s Entertainment, in 2008 with rival buyout group TPG for $31bn, although the company, which was later renamed Caesars, subsequently went into bankruptcy....
...Harrah’s grew powerful enough to swallow Caesars Entertainment, the company behind the Caesars Palace casino complex, eventually taking its name....
...The investment firm acquired the biggest US gaming empire, Harrah’s Entertainment, in 2008 with rival buyout group TPG for $31bn, although the company, which was later renamed Caesars, later went bankrupt...
...It has also had its share of spectacular failures, such as its acquisition of Harrah’s Entertainment (aka Caesars) in 2008 for $31bn, which subsequently went bankrupt....
...The risk pales in comparison to Apollo’s $31bn mega-buyout of Harrah’s Entertainment (renamed Caesars) from 2008, which ended in a messy bankruptcy....
...They financed the purchase by taking advantage of Harrah’s real estate....
...On Thursday, at the chapter’s headquarters, 59-year-old Olee Stewart, a cook at Harrah’s hotel and casino on the Las Vegas Strip, was calling fellow union members to urge them to vote....
...Las Vegas-based Caesars, the group behind Caesars Palace and the Harrah’s chain, in April appointed gaming veteran Anthony Rodio as its new chief executive....
...Caesars Entertainment, formerly known as Harrah’s, was widely regarded as one of the best managed Las Vegas-based gaming companies after the turn of the century, winning plaudits for a unique customer loyalty...
...A consulting gig for Harrah’s, the casino operator, eventually turned into the CEO job for Mr Loveman....
...Caesars, formerly known as Harrah’s, was widely regarded as one of the best managed Las Vegas-based gaming groups at the turn of the century, winning plaudits for a unique customer loyalty programme that...
...Mr Rodio was previously the head of Tropicana Entertainment, a casino operator owned by Mr Icahn that was sold last year for $1.85bn....
...As Sujeet Indap explains in the FT, borrowing against a property portfolio helped fuel the revolutionary buyout of Harrah’s Entertainment by Apollo Global Management and TPG Capital for $31bn in 2008....
...Just over a decade ago private equity firms Apollo Global Management and TPG Capital pulled off an audacious $31bn leveraged buyout of Harrah’s Entertainment, which would rename itself Caesars after its...
...Now an obscure regional casino group out of Reno, Nevada is set to scoop up what has become the Caesars Entertainment empire....
...You know the ones: RJR Nabisco, TXU and Harrah’s Entertainment....
...The NY Post reported last week, citing sources, that HG Vora would push for changes at the company which operates the Harrah’s and Horseshoe casino brands....
...Except in January 2015, one house lost: the operating company behind Caesars Palace and the Harrah’s casino chain filed for Chapter 11 bankruptcy protection, sunk by more than $18bn of debt stemming from...
...For America’s biggest gaming empire, Harrah’s Entertainment, the rebuke could not have come at a worse time....
...Caesars’ total debt of more than $25bn is the legacy of the near $30bn buyout of the Las Vegas casino group, then known as Harrah’s Entertainment....
...Apollo and TPG paid about $30bn for what was then Harrah’s just as the buyout boom years were coming to an end, leaving the company with little cash to ride out hard times or invest in new initiatives in...
...The planned filing will affect 44 casinos and resorts under the Caesars, Harrah’s and Horseshoe brands, across the US and in five other countries....
International Edition