Harrah's Puts Off IPO Plans

LAS VEGAS (

TheStreet

) --

Harrah's Entertainment

said it won't be pursuing an initial public offering of common stock at this time because of "market conditions."

Harrah's had indicated in a regulatory filing earlier this week the offering would be priced Thursday; the shares were supposed to be priced between $15 and 17 each.

The Las Vegas casino operator had planned to sell shares to raise more than $530 million for casino projects and to reduce its debts.

Scroll to Continue

TheStreet Recommends

PERSONAL FINANCE

The States That Rely Most on the Gun Industry

14 minutes ago

MARKETS

DISNFLXCMCSA

Disney Stock Soars As Streaming Total Tops Netflix, Price Hikes Unveiled For Disney+ and Hulu

1 hour ago

MARKETS

Gas Prices Fall Below $4 A Gallon For the First Time Since March Amid Global Crude Market Declines

2 hours ago

-- Written by Joseph Woelfel

>To contact the writer of this article, click here:

Joseph Woelfel

>To submit a news tip, send an email to:

tips@thestreet.com

..

Copyright 2010 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. AP contributed to this report.