September 28, 2004
Harrah's Entertainment, Inc. and Caesars Entertainment, Inc. sign a definitive agreement to sell four casinos -- Harrah's East Chicago, Harrah's Tunica, Atlantic City Hilton and Bally's Tunica -- to an affiliate of Colony Capital, LLC.
On September 27, it was announced that Harrah's Entertainment, Inc. and Caesars Entertainment, Inc. signed a definitive agreement to sell four casinos -- Harrah's East Chicago, Harrah's Tunica, Atlantic City Hilton and Bally's Tunica -- to an affiliate of Colony Capital, LLC for $1.24 billion. Willkie’s representation of Colony in this transaction is covered in the September 28 edition of The Daily Deal. Willkie attorneys on the deal included Thomas Cerabino (partner - corporate), Robert Fabricant (special counsel - environmental), Adam Turteltaub (associate - corporate), Thomas Henry (associate - real estate), Erika Shalette (associate - corporate) and David Rubinsky (associate - ERISA). Since 1991, Colony Capital has invested over $10 billion in over 5,000 assets through various corporate, portfolio, and complex property transactions.
