Eugene David
...The One-Minute Pundit

Wednesday, November 29, 2006


Why I luuuuuuuuuuuuuuuhve Wall Street:

A group led by Penn National Gaming and hedge fund D.E. Shaw is considering making a cash and stock offer for casino company Harrah's, a source familiar with the situation said on Tuesday....

Penn National, which owns and operates horse-racing parks and casinos, has a market capitalization of $3.3 billion. That is a fraction of the $14.2 billion market capitalization of Harrah's, which owns or manages more than 40 casinos under the Harrah's, Caesars and Horseshoe brand names.


If you want to go broke making people go broke, I'm all for it!

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