Harrah's Puts Off IPO Plans
LAS VEGAS (
) --
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.
-- Written by Joseph Woelfel
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