December 17, 2014
Harrah's Entertainment shareholders approved a 17.1 billion dollar buyout by two private equity groups.
Company officials say the deal approved this afternoon is the largest ever to take a publicly held casino company private.
Shareholders controlling 66 percent of outstanding stock approved selling the world's largest casino company to Apollo Management Group and Texas Pacific Group.
Harrah's Las Vegas-based board had unanimously backed the deal.
It still requires approval from gambling regulators in more than a dozen states and several tribal nations where Harrah's operates.
Harrah's operates 39 casinos, including Caesars and Harrah's in Atlantic City.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or firstname.lastname@example.org.