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California Tribe Sues Harrah's/Caesars Over Merger

By Chuckmonster on Tuesday, 24th May 2005 11:39pm
  » filed under Las Vegas  comments: 0

   

A San Diego County Indian tribe has filed suit against Harrah's Entertainment Inc and Caesars Entertainment Inc. claiming that the pending merger of the two companies had cost them millions of dollars in lost business.

The Pauma Band of Luiseno Indians claim antitrust violations and breach of contract in a 17-page lawsuit filed in San Diego County Superior court on Friday.

On Tuesday, the New Jersey Gambling Commission announced that it has approved the proposed takeover of Caesars by Harrah's, leaving only Nevada and the Federal Trade Commission to sign off on the $6.3 billion deal.

Both Harrah's and Caesar's declined to comment on the lawsuit.

In September 2003, Caesar's and the Pauma Tribe announced an agreement to develop a $250 million resort on a reservation about six miles from a casino and resort being developed by Harrah's with the Rincon Band of Luiseno Indians.



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