Sources: FTC Approves Harrah’s-Caesars Deal
From Associated Press
The Federal Trade Commission gave Harrah’s Entertainment Inc. permission for its $5.2-billion acquisition of Caesars Entertainment Inc., according to two sources familiar with the deal.
An FTC spokesman said the agency would have no announcement, but the sources, including a Harrah’s executive with knowledge of the transaction, confirmed federal regulatory approval had been granted.
The approval leaves Harrah’s one step closer to regaining its title as the world’s biggest gambling company. Nevada gambling regulators still must sign off on the merger.
