Harrah’s stock is up $3.00 in just the past few minutes on a takeover rumor.

Supposedly, Penn Gaming is bidding for a takeover of Harrah’s.

Details are still breaking.

I wonder what Prince thinks of this?

As for Penn Gaming, this is the company profile:

Penn National Gaming, Inc. engages in the ownership and operation of gaming and pari-mutuel properties in the United States. It also engages in the ownership and operation of racetrack and off-track wagering facilities. In addition, the company owns and operates casino and horse racing facilities, with a focus on slot machine entertainment. As of March 6, 2006, the company operated 16 facilities in 13 jurisdictions, including Colorado, Illinois, Indiana, Iowa, Louisiana, Maine, Mississippi, Missouri, New Jersey, Ohio, Pennsylvania, West Virginia, and Ontario. As of the above date, its facilities featured approximately 17,000 slot machines, 350 table games, 1,000 hotel rooms, and 500,000 square feet of gaming floor space. The company was incorporated as PNRC Corp. in 1982 and changed its name to Penn National Gaming, Inc. in 1994. Penn National is headquartered in Wyomissing, Pennsylvania.