It looks like Harrah's the world's largest casino company is going private. Late word has the gaming company selling to private equity buyers for almost $17 billion, a $90 per share buyout. On today’s “Street Signs” Erin Burnett spoke with David Katz of CIBC World Markets about the impact of the deal and other companies might be looking for deals of their own.
First some background. Private money has gone on a months-long shopping spree for casino operators which are valued for their cash-generating ability and significant real estate holdings.
Now here's what our guest, David Katz said, "I hesitate to name names but other casino operators such as Penn National Gaming, Boyd Gaming , Pinnacle Entertainment and Isle of Capri are likely considering what's going on around them."