Harrah\'s post-buyout?
Dr. Pauly's blog indicates he's bearish on Harrah's future after the buyout. I am, too. Three executives leaving shortly after accepting the offer makes one wonder.
Harrah's has to do something, doesn't it? None of its properties can compete with the Wynns, Bellagios, Venetians, and the upcoming City Center and Eschelon Place. None are new. Some are getting kind of ratty. Even the flagship Caesar's somehow feels second rate.
The company has enormous land holdings, which are worth billions. It will take billions to develop properties which almost triples the size of CC and Eschelon. With new owners more famous for cutting then selling.
What do you all think? Even more important, what will be the impact on the WSOP???
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