It was only three years ago that two big private equity firms bought Harrah's for $27 billion and a lot of debt. In recent weeks, there have been moves to put some of the company's shares back in play. John Paulson wants his 9.5% stake in the company to be traded and now Harrahs is raising another $500 million to begin developing its string of properties along the east side of the Las Vegas Strip.
Howard Stutz, Gaming Reporter, LVRJ
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