Harrah’s four Atlantic City casinos earn license renewal

New Jersey regulators Wednesday granted new 5-year licenses for the four Atlantic City casinos owned by Harrah’s Entertainment Inc.

The Casino Control Commission also approved affiliates of Apollo Management and TPG Capital as owners of the Harrah’s Casinos.

Apollo and TPG, two private equity firms acquired Harrah’s Entertainment in January in a USD 17.1 billion deal that includes the Harrah’s Resort, Bally’s, Caesars, and Showboat casinos.