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October 2006
10/31/06
10/30/06
10/29/06
Celeb Halloween Pics: Dennis Rodman, Tera Patrick, Criss Angel, Amazing Jonathan, Gene Simmons, More
10/27/06
10/26/06
10/26/06
10/25/06
10/24/06
10/23/06
10/22/06
10/20/06
10/19/06
10/19/06
10/18/06
10/18/06
10/17/06
10/17/06
Basketball Bonanza: the Lakers, the Kings, the Maloofs and a $6K Burger -- LUXE LIFE SPECIAL EDITION
10/16/06
10/16/06
10/15/06
10/13/06
10/12/06
10/11/06
10/11/06
10/10/06
10/9/06
10/9/06
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10/3/06
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10/2/06
10/2/06
Harrah's Gets Billion Dollar Buyout Offer -- LUXE LIFE BREAKING NEWS
10/1/06
Monday, October 2, 2006
Wall Street is all abuzz this morning about amazing
overnight deals involving our largest gaming company, Harrah's here in Vegas.
The stories are so new they haven't even hit our morning newspapers here, yet
so we're first with the big business news. When completed, it may well be one
of the biggest takeovers and buyouts in Vegas history:
Two major investment fund companies have offered $81 a share in a
takeover bid for the entire company and Harrah's confirms the buyout talks and
says the board of directors will review the offer from Apollo Management and
Texas Pacific.
Harrah's will be forced to sell some of its properties to meet
regulatory requirements and pay down massive debts built up from recent
purchases and acquisitions.
Meantime, rival smaller gaming company Boyd says it will
"trade" the ageing Barbary Coast at the corner of the Strip and
Flamingo in return for Harrah's relinquishing 24 acres of land that it can now
add to its 63-acre proposed Echelon project when the Stardust is closed at the
end
of the month and imploded New Years Eve.
The transaction now means that, as Luxe Life has
previously reported , Harrah's will be able to turn its property from Barbary
Coast, Flamingo, Imperial Palace and Harrah's all the way up the Strip to The
Venetian into one giant "enclosed" mega-resort complex, complete with
its own pedestrian walkway. Further, it also assures that the Barbary Coast,
again as Luxe Life has reported, will be imploded and turned
into the world's largest rock 'n' roll themed resort emporium with 3 floors of
music-based shopping, entertainment, and dining with a rock and roll museum.
Always stay tuned to Luxe Life for all the exciting news of ever-changing Vegas -- our regular Monday journal with more on the weekend wars between Janet Jackson and Mariah Carey will be posted early afternoon!!!
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Harrah's Gets Billion Dollar Buyout Offer -- LUXE LIFE BREAKING NEWS
Wall Street is all abuzz this morning about amazing
overnight deals involving our largest gaming company, Harrah's here in Vegas.
The stories are so new they haven't even hit our morning newspapers here, yet
so we're first with the big business news. When completed, it may well be one
of the biggest takeovers and buyouts in Vegas history: Always stay tuned to Luxe Life for all the exciting news of ever-changing Vegas -- our regular Monday journal with more on the weekend wars between Janet Jackson and Mariah Carey will be posted early afternoon!!!
robinsvegas at 9:33:00 AM PDT Blog about this entry |
Add to del.icio.us | digg this
