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.

-- Written by Joseph Woelfel

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