Harrah's writes off Foxwoods project debt

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Language: English Location: Currency: > edit my preferences Home Online Slots Live Dealer Games Online Casinos Online Poker Online Bingo Games Lotteries Sports & Racebooks Fantasy Sports Forex Betting Exchanges Spread Betting Binary Options Exclusive Bonuses Weekly Newsletter Online Gaming News Payment Methods Gaming Software Gaming Site Owners Gaming Jurisdictions		Bonuses! New games! Gossip! And all the player news you can handle. Sign up NOW! View the current issue
	Harrah's writes off Foxwoods project debt 9 Aug 2010 <a href='https://ad.casinocity.com/adclick.php?n=a21efcd1'><img src='https://ad.casinocity.com/adview.php?what=-site:vendors/width:250/RON&n=a21efcd1' border='0' alt='' /></a> DELAWARE, 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.

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