Friday, July 16, 2004

Vegas Sun: Stadium on track despite Caesars buyout

By Rob Miech
LAS VEGAS SUN


A Harrah's Entertainment Inc. official said Thursday that his company's proposed takeover of Caesars Entertainment Inc. should not affect a private effort to build a stadium behind two Caesars properties.

Las Vegas Sports and Entertainment (LVSE) LLC, if it can lure the Montreal Expos to Las Vegas, hopes to construct a $420 million, 40,000-seat, retractable-roof stadium behind Bally's and Paris Las Vegas.

"We really haven't looked closely at the ancillary issues," said Harrah's spokesman Gary Thompson. "Having said that, I can tell you that Caesars will continue to operate their business as they see fit. We don't anticipate this deal to close within a year.

"I don't know of any discussions between Caesars and the Expos. I don't know what they've been up to. But I'm sure it's something they'll continue to (explore). ... We're for anything that is beneficial to the city."

...

"No (expletive) clue," said a Caesars executive, who requested anonymity, on how the casino merger might affect a future stadium deal.
 
Read the entire article here on the Las Vegas Sun website.
 
There seems to be a fair amount of spin, or rhetoric in some of the quotes coming out of Vegas on this massive merger. I think the unknown source from Caesars may have been on to something when asked how it will effect the LVSE bid, "No (expletive) clue." -- Maury