Deteriorating financial results at the Planet Hollywood casino
resort have resulted in Harrah's Entertainement to purchase a chunk of Planet Hollywood's $860 million
mortgage loan.

This is an opportunistic bet for or against its next-door competitor on
the Strip. Harrah's Entertainment now has completed the streach of property in the most popular area of Las Vegas, which means we could see some interesting poker tournaments in the near future in this amazingly popular complex.