Harrah's to Buy Binnions, Then Sell It

Harrah's Entertainment on Monday said it has reached an initial agreement to buy Binion's Horseshoe Hotel & Casino and has plans to reopen the legendary Las Vegas casino as soon as possible. Harrah's Entertainment Inc. is expected to sell Binion's Horseshoe hotel-casino in downtown Las Vegas to another interested casino operator and retain the rights to the Horseshoe brand for use elsewhere in Las Vegas, experts say…In addition to owning the famed Horseshoe brand, Harrah's said it also would retain the popular World Series of Poker tournament that draws hundreds of poker fans to the property every spring. Read More.