Harrah's Moves To Buy Planet Hollywood Vegas

Law360, New York (December 1, 2009, 3:37 PM EST) -- Harrah's Entertainment Inc. has placed its bet on the Planet Hollywood Resort & Casino in Las Vegas, filing an application to purchase the troubled business, according to the Nevada Gaming Control Board.

The would-be acquiring company created its own subsidiary, PHW Las Vegas LLC, to purchase Planet Hollywood, filing an application to do so with the board on Wednesday, the gaming authority confirmed Tuesday.

Wednesday's filing is not the first move Harrah's has made toward picking up Planet Hollywood's Las Vegas location. Harrah's purchased $140 million...
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