Las Vegas Review – The first business day after Harrah’s Entertainment canceled a planned $610 million stock sale, the hedge fund controlled by billionaire John Paulson submitted paperwork to the Securities and Exchange Commission that could lead to the sale of his stake in the casino operator.
Harrah’s filed the registration statement Monday for New York-based Paulson & Co. to list up to 7.1 million shares, which is its entire 9.9 percent stake in the Las Vegas-based company. The filing is not an indication of Paulson’s intent to sell his shares, only that the option is now available to the hedge fund.
