Harrah’s moves for Planet Hollywood

Harrah's has taken a step forward in its plans to acquire Planet Hollywood Resort, Las Vegas, by filing an application with the state's Gaming Control Board.

Last week, Harrah’s chairman and chief executive officer Gary Loveman emailed employees to confirm the company’s interest in the property.

Harrah’s controls $140m of Planet Hollywood’s total debts, estimated to be in excess of $850m, and owns six Las Vegas casinos north of the property across from MGM Mirage’s new CityCenter complex.