The deal gives Harrah's its eighth connected property on the Las Vegas Strip's east side
Harrah's deal for Planet Hollywood resort approved
2010-02-19
Reading time 17 seg
Harrah's also will assume about us$ 554 million more in loans and invest us$ 30 million cash into the property. Regulatory filings show the resort defaulted on an us$ 860 million loan in September.
Harrah's said the Nevada Gaming Commission's approval this week clears Harrah's to take over operations Friday if it fulfills closing and permit conditions. The deal gives Harrah's its eighth connected property on the Las Vegas Strip's east side.
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