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Harrah's writes off Foxwoods project debt9 August 2010DELAWARE, South Philadelphia -- Harrah's Entertainment Inc. is rumoured to be engaged in a deal to take over the troubled Foxwoods Casino project in South Philadelphia, according to The Philadelphia Inquirer. Speculation is mounting after a disclosure in second quarter results revealed Harrah's forgave $52.3 million in debt owed on the site, The Philadelphia Inquirer reported. A source close to the deal told the Philadelphia Inquirer that forgiving the debt was part of a deal to transfer control of the project to Harrah's, the report noted.
Harrah's writes off Foxwoods project debt
is republished from Online.CasinoCity.com.
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