BUSINESS

Hedge fund giant swoops for 10% stake of Harrahs

TAGs: Harrah's, john paulsen

A lot of people have their own thoughts about how and when online gaming is going to be legalised and regulated in the US, but when John Paulsen gets involved, it’s time to sit up and take notice. This after all is a man who made $20 billion betting against sub-prime mortgages a couple of years ago and whose hedge fund, Paulson & Co, has now taken a 9.9% equity stake in Harrah’s with a $351m investment. Get ready for lift off… Read more.

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