"Harrahs Entertainment scraps $500 million IPO"

Harrah’s Entertainment Inc. said Friday it has canceled its $500 million initial public offering “due to market conditions.”
Oops! They couldn't get Paulson to just buy the whole offering?

Recent Search Queries for the Harrah's (CZR) IPO

There has been a high volume of traffic coming to the blog searching for information about "how to buy stocks for harrah's" or "czr ipo".

For some reason, retail investors are very excited about "gaming" (formerly: casino) stocks right now. Looking to gamble on gambling stocks, as it were.

I'm not sure that the best investments are to be found in the hot IPOs of consumer stocks. Let's check back in six months?

Is the Harrah’s Entertainment (CZR) IPO a Top-tick for Gaming?

Casino giant Harrah’s Entertainment said Friday that is increasing its planned initial public offering to as much as $610.9 million and will change its name to Caesars Entertainment. The company announced the commencement of its offering of 31.3 million shares, priced between $15 and $17 each.