Pittsburgh Casino Hopeful Could Be Bought OutPOSTED: 8:20 am EST December 18,
2006 Harrah's Entertainment Inc. has agreed to a buyout offer from two private equity groups, Apollo Management Group and Texas Pacific Group, according to an anonymous person close to the situation.An official announcement on the deal could come as early as Tuesday, the person said.The deal values Harrah's, the world's largest casino company, at $16.7 billion.Harrah's is partnering with Forest City Enterprises on a bid to build a slot machine casino near Station Square in Pittsburgh.They are competing against Isle of Capri and PITG Gaming to win a state gaming license that will be awarded on Wednesday.It's unclear how or if a Harrah's buyout would affect the casino plans in Pittsburgh. Related Links: More County NewsGet RSS | E-Mail Alerts Copyright 2006 by ThePittsburghChannel. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. The Associated Press contributed to this report. | VIDEO THE PLAYERS ISLE OF CAPRI
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Casino Bidders Deny Fix
