Harrah's Hopes to Close Caesars Takeover June 13

Casino company Harrah's Entertainment Inc. (HET) expects to close its takeover of Caesars Entertainment Inc. (CZR) Monday, June 13, the companies said Friday.

Las Vegas-based Harrah's agreed to buy crosstown rival Caesars last July for about $5 billion, creating the world's largest casino operator.

The companies said they expect Nevada gaming regulators to consider the transaction on June 10.