RE: [vpFREE] Is the Palms going to be taken over by Caesars Entertainment Corp.?

Didn't one of Harrah's owners (Apollo I thought) buy a sizeable chunk of Palms' debt about this time last year, right around the PH takover? Seems like I remember reading about an indignant and defiant George Maloof shooting down notions that Harrah's was positioning itself to gobble the Palms up like PH.

To: vpFREE@yahoogroups.com
From: cb_ray@yahoo.com
Date: Tue, 18 Jan 2011 19:41:37 +0000
Subject: [vpFREE] Is the Palms going to be taken over by Caesars Entertainment Corp.?

Last night at Harrah's I was talking with someone with Caesars Entertainment Corp. about the rumor that I heard about them wanting to move the WSOP because they were trying to sell the Rio. I was told no they are looking at moving WSOP to PH so they would have more room. Then the kicker came out of my sources mouth. "Why would Caesars sell the Rio? Apollo Management (part owners of Caesars) is buying up the Palms debt so Caesars can take them over like they did with PH."

Can anyone in the know confirm this?

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