Harrahs To Be Sold For $17 Billion. No Word On How It Might Affect The WSOP.

Looks like Harrah’s has finally given up on competiting with the newer and ritzier casino properties like the Wynn, Bellagio, and the Venetian. Earlier in the week it was confirmed that the world’s largest casino chain would be selling off their Las Vegas properties — as well as their $10 billion debt — to a private equity firm for $17 billion and change. The deal — most likely be one of the largest buyouts in 2006 — will hopefully not affect the current state of the WSOP, which is owned by Harrah’s. More on this story as it develops.

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