Harrah’s forgive debts of Foxwoods project

It is said that online gambling company Harrah’s Entertainment Inc. is engaged in a deal to take over the troubled Foxwoods Casino project in South Philadelphia. The new has begun to seem even more real after a disclosure in second quarter results revealed Harrah’s forgave $ 52.3 million in debt owed on the internet casino site, according to The Philadelphia Inquirer. It is suggested that the writing off of the debt has become a part of a deal to transmission control of the project to Harrah’s.