Two Way Hard Three | Las Vegas Casino & Design Blog
October 16, 2008
Harrah's in Trouble?
Posted by HunterDavid McKee posted this story today about potential financial problems at Harrah's Entertainment:
http://www.lasvegasadvisor.com/blogs/dmckee/index.cfm/2008/10/16/SOS-Harrahs
We also covered this at length in today's Vegas Gang episode that will go up in a day or so.
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- Hunter recently commented "More bad news for Harrah's: <a href="http://online.wsj.com/article/SB12250..." in Harrah's in Trouble?
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Comments
More bad news for Harrah's:
http://online.wsj.com/article/SB122506790177270673.html?mod=yahoo_hs&ru=yahoo
Interesting to see that buying a CDS against their debt is monumentally expensive - not a good sign for their odds.
Ironic to see speculators betting against the largest gaming company.