Greg Bangma, who manages investments for Maul Capital Management in Las Vegas, agreed with Ehlers, saying many private equity funds are "full of cash" and anxious to put that money to work for clients.
noted that the stocks of casino operators have fallen since hitting highs in May, with the exception of Wynn Resorts Ltd. and Las Vegas Sands Corp.
, both companies with casinos in Macau.
Before the buyout offer, "Harrah's was looking pretty cheap," Bangma
If two giant private equity funds, Apollo Management and Texas Pacific Group
, see value in Harrah's, "that's telling you that maybe some of these other companies are underpriced, too," Bangma
"This sort of action is going to divert money into the whole sector," he
With Harrah's shares closing 10 percent below the offer price, Wall Street apparently lacks conviction that the deal will be accomplished, Bangma