..

Harrahs IPO Cancelled

Written by:
Aaron Goldstein
Published on:
Nov/19/2010
Harrahs IPO

Harrahs, the Las Vegas casino operator and sponsor of the World Series of Poker, has cancelled its IPO on Friday, citing declining marketing conditions.

News of the Initial Public Offering being scrapped comes one day after General Motors returned to the stock market surrounded by plenty of hoopla.  While the GM shares did not deliver a huge punch over the price of the initial public offering, there was still a 3.6 percent rise in the stock price.

Harrahs apparently is not convinced there has been a market turnaround.  They did not elaborate further on Friday’s decision.

The company priced the offering this month at $15 to $17 dollars per share and would have raised around $531 million.

More than 31 million shares were to be sold.  The company was going to list on the Nasdaq as Caesars Entertainment Corporation.

- Aaron Goldstein, Gambling911.com 

Business/Financial News

Hillarious Elon Musk SNL Host Betting Odds

Hillarious Elon Musk SNL Host Betting Odds

Bet on Elon Musk as SNL host.  Everything from what he mentions first, Dogecoin, Tesla, SpaceX and even whether he lands in trouble with the SEC.   Should be a great show.

Elon Musk Dubs Himself the "Dogefather" for SNL Promo Tweet

Elon Musk Dubs Himself the "Dogefather" for SNL Promo Tweet

Oddsmakers doubt an SEC investigaton will be launched following Elon Musk's SNL appearance this coming Saturday night, but you can still bet on it.

Gemini Acceptance of Dogecoin Suggests Cryptocurrency Here to Stay

Gemini Acceptance of Dogecoin Suggests Cryptocurrency Here to Stay

Plus Dr. Craig Wright's master class on the variety of ways to extend Bitcoin addresses.

Cryptocurrency ether rose to a fresh record peak on Tuesday before dropping sharply as some investors pulled profits from a white-hot market bulging with questionable new entrants.

'Speculative Excess': Ethereum Finds New Peak in Sizzling Crypto Market

Cryptocurrency ether rose to a fresh record peak on Tuesday before dropping sharply as some investors pulled profits from a white-hot market bulging with questionable new entrants.

Bitcoin Jumps 8%, on Course to Snap Five Days of Losses

Bitcoin Jumps 8%, on Course to Snap Five Days of Losses

Bitcoin jumped as much as 8% on Monday and was on course to snap five straight days of losses, though the cryptocurrency has slumped almost a fifth from its all-time high hit earlier this month.

Syndicate