“It was only late 2006 when management of Station Casinos Inc. and private equity firm Colony Capital LLC announced an $8.8 billion bid for the Las Vegas gaming company. Texas Pacific Group and Apollo Management LP won giant Harrah's Entertainment Inc. for $27.8 billion, or $90 a share. The following spring, Riviera Holdings Corp. weighed a $30 per share offer, and Whitehall Street Real Estate Funds agreed to shell out $1.3 billion for four Nevada casinos owned by Carl Icahn's American Real Estate Partners LP.” source...
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