Harrah’s Looking to Buy Planet Hollywood

by , Sep 14, 2009 | 4:36 pm

That’s been the buzz amongst dealers and floor staff at both Planet Hollywood and Harrah’s Hotel … and now the LVRJ is semi-confirming. Technically, Harrah’s is just seeking purchase of P-Ho’s $860 million debt, but financial analysts say this could likely be a way for them to acquire the whole property.

Planet Hollywood, of course, earned the distinction for being the Worst Poker Room in Las Vegas in 2007 (according to Pokerati.com), and last month saw its poker room management removed in handcuffs — arrested for allegedly skimming money via fake Bad Beat and High Hand jackpots.

Thanks, Shrink, for the tip!


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