Harrah’s Entertainment expects no rush of good luck to accompany today’s completion of its $1.45 billion purchase of Horseshoe Gaming Holding Corp.

Setting superstition aside, the Las Vegas gaming giant is instead focused on lassoing Horseshoe Gaming’s proven profitability and value as a recognized national brand. “These three are tremendous properties, the market leaders … that each on average exceed $20 million in gross gaming revenue per month,” Anthony Sanfilippo, president of Harrah’s Memphis, Tenn.-based central division, … [Read more…]