Orlando, FL 11/15/11 (StreetBeat) --Caesars Entertainment Corp., the world's biggest casino company, is restarting its plans to go public a year after it canceled its initial public offering.The Las Vegas company seeks to raise up to $50 million. Last November, it had hoped to raise as much as $532 million before it pulled its IPO, citing market conditions.
The $50 million figure is subject to change as the managers of the IPO gauge investor interest.
The company was bought by private equity firms Apollo Management Group and Texas Pacific Group in 2008 in a $30.7 billion deal. Caesars changed its name from Harrah's Entertainment Inc. in November 2010 after canceling its IPO.
Caesars did not give say in the regulatory filing Tuesday how many shares it plans to sell, for how much, or when. It said it plans to list on the Nasdaq exchange under the "CZR" ticker symbol.
Caesars owns or operates 52 casinos in the U.S. and overseas, as of Sept. 30. Its brands include Harrah's, Caesars and Horseshoe.
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