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Harrah’s buys down debt of Foxwoods in Philly

Posted by clark | Posted in Harrah's, Las Vegas Business News, Las Vegas History, Las Vegas News, Las Vegas News Blog, Pokerstars, R.C. Clark | Posted on 10-08-2010

Harrah's seems to be writing down debt all over the place.

Last year, they picked up $140 million of Planet Hollywood's debt and then acquired them a few months later.

Next on their debt list is $52.3 million of Foxwoods in South Philadelphia.

This is the same project that Steve Wynn looked likely to take over but then abandoned.

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