 | harrah's to buy and reopen the horseshoe |
That didn't take long.
Harrah's Entertainment (NYSE:HET - News) 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.Link (via wptfan.com)
The bad news here is that Harrah's doesn't really have a good track record at running major tournaments. Their Las Vegas cardroom hosted the Carnivale of Poker III in 2000 but closed shortly afterwards. Their regional casinos generally have smaller cardrooms with daily tournaments but no events on the scale of Binion's or the Bellagio.
The good news is that not having a poker presence in Vegas may make Harrah's more willing to promote Binion's poker than if it was competing with their Vegas property.
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