Two Way Hard Three | Las Vegas Casino & Design Blog

Late yesterday, just as we were recording the latest Vegas Gang (out soon), we got news that Harrah's Entertainment filed papers to publicly trade the 10% stake that investor John Paulson purchased earlier this year.

http://www.lasvegassun.com/news/2010/aug/12/some-harrahs-shares-be-traded-publicly/

Of course, the plan for the HET LBO was always to re-emerge as a public company somewhere down the road but this is just a small chunk and it's coming at possibly one of the worst time to IPO in recent economic history.

In addition, the chunk is small enough that the company wouldn't be subject to all the governance rules that we're used to for majority public owned companies.

Interesting interesting interesting...