April 12 (Bloomberg) -- Harrah’s Entertainment Inc. bonds are trading at the highest level since the world’s largest casino operator was purchased in a leveraged buyout in January 2008 as a two-year slump in Las Vegas gambling eases.
Harrah’s $311.3 million of 5.625 percent, 10-year notes issued in 2005 have risen almost 13 times since February 2009 to 68 cents on the dollar, according to Trace, the bond-price reporting system of the Financial Industry Regulatory Authority.
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