(Reuters) - The buyout comes amid a flurry of casino deals. The world's largest casino operator, Harrah's Entertainment Inc. , is in the process of being acquired by private equity firms for $17 billion, while smaller local operator Station Casinos Inc. is in midst of a $5.4 billion management-led buyout.
"The bottom line that is private equity continues to like the characteristics of casinos and puts a higher value on them then the public markets," said Calyon Securities analyst Smedes Rose. "Between lodging and gaming companies, we will probably see more deals."
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"The bottom line that is private equity continues to like the characteristics of casinos and puts a higher value on them then the public markets," said Calyon Securities analyst Smedes Rose. "Between lodging and gaming companies, we will probably see more deals."
Read more at Reuters.com Business News
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