Harrah’s Agrees to Buyout from Two Private Equity Firms

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Las Vegas, NV – Harrah’s Entertainment agreed to a $28 billion buyout offer from private equity firms Texas Pacific Group (TPG) and Apollo Management L.P.  Harrah’s is  the world’s largest casino chain, operating also under the brands of Horseshoe and Caesars Palace.

Harrah’s exhibition assets in Las Vegas include Bally’s with 87,000 square feet of prime exhibit space; Caesars Palace, with 50,000 square feet of prime space; Paris Las Vegas, at 87,000 prime square feet; and Rio, with 55,000 prime square feet.