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Harrah's and Caesars Complete Casino Sales

Harrah's Entertainment Inc. and Caesars Entertainment Inc. today completed the sale of four casinos to an affiliate of Colony Capital LLC for $1.24 billion.

The companies sold Harrah's East Chicago, Harrah's Tunica, the Atlantic City Hilton and Bally's Tunica in a deal related to Harrah's pending $9.4 billion acquisition of Caesars. The sales weren't required to close the deal, the companies said.

Copyright © Las Vegas Sun. Inc. Republished with permission.

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