I wrote this comment on the ABC News/Money website published November 12,2010 titled "World's Biggest Casino Owner Set To Raise $532M" originally written by the Associated Press. It concerns the IPO of Harrah's stock and the possible risks involved with it.
Your Casino Examiner wrote, "Is it possible that Leon Black, CEO of Apollo Management and David Bonderman, CEO of TPG Capital will pocket the money from the IPO instead of building the Octavius Tower at Caesars Palace and fund the entertainment and dining areas at Imperial Palace and Flamingo Hilton? These two CEO's have clipped California public pension funds (CalPERS-CalSTRS-UC) out of billions of dollars and wouldn't be surprised that proceeds from the IPO will never see its original destinations."
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