harrahs

Harrah's 'Not Pursuing' IPO Due to Market Conditions

Harrah's Entertainment, the world's largest casino operator, said it is "not pursuing its initial public offering of common stock at this time due to market conditions." The company had been planning a $532 million IPO, The Wall Street Journal reported. The company had been planning a $532 million IPO, The Wall Street Journal reported.

Casino Industry Ends Its Losing Streak

The U.S. casino gaming market is finally improving, according to a recently released report from Moody's Investor Services. After more than two years of negative outlooks, Moody's has changed its view to neutral and recognizes "signs [that the] industry has bottomed out."