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The giant US land (and possibly online in the future) gambling group Harrah's Entertainment could return to a public listing three to five years hence, according to speculation by chief executive officer Gary Loveman this week.
Speaking to the Reuters Travel and Leisure Summit in New York, Loveman emphasised that he was speculating on what the future might hold, but inevitably his comments are being interpreted as fishing for reactions or indicating a move under consideration by the Harrah's board.
Reuters reports that the gambling giant was taken
private by TPG and Apollo Management in January 2008,
after the two private equity firms bought the
hotel/casino company for $31 billion that year.
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