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LAS VEGAS – The New York hedge fund run by billionaire John Paulson could sell its entire stake in Harrah's Entertainment Inc., the world's biggest casino company, after registering the shares with federal regulators.

The offer had been expected, as the plans were announced in August. The registration statement comes three days after Harrah's canceled a planned initial public offering.

In a filing with the Securities and Exchange Commission on Monday, Harrah's indicated that Paulson & Co. Inc. may sell up to 7.1 million shares, which is its entire 9.9 percent stake in the Las Vegas-based company. But the regulatory filings don't require Paulson to get rid of its shares.

Harrah's said in the filing that it would not receive any proceeds from any shares sold.

Paulson & Co. Inc. got its stake in Harrah's in exchange for taking on $710.3 million in debt. Paulson bought most of that debt, $532 million, for $354.9 million — nearly two-thirds its face value.

Harrah's two biggest shareholders are Apollo Management Group and Texas Pacific Group.

Apollo Management Group, a global alternative asset manager led by buyout titan Leon Black, and Texas Pacific Group, a private investment firm, purchased Harrah's in 2007 for $17.1 billion and took on $12.4 billion in debt. The buyout took Harrah's private in one of the biggest leveraged buyouts ever.

Harrah's, whose properties include the Flamingo, Caesars Palace and Bally's, saw its revenue fall from a peak of $10.8 billion in 2007 to $8.9 billion last year — an 18 percent decline. Total gambling revenue for U.S. commercial casinos dropped 10 percent over that period, as people chose to save their money instead.

The canceled IPO, which Harrah's had said would raise as much as $531 million, would have helped ease the company's heavy debt load.

Harrah's, which plans to change its name to Caesars Entertainment Corp., owns or manages more than 50 casinos in 12 states and six countries.

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Retail Group is supposed to be named McQueen, oversee potential bid process corporate finance advisory firm. It is believed that Blacks have received at least two approaches indicative capital societies supportability.

One approach could be lion capital, AS Adventure Group, parent company of the Cotswold string private equity owner outside the United Kingdom.

Lion Capital was a potential suitor for blacks in 2009, with millionaire sportswear Mike Ashley, who is the owner of the chain Sports Direct and has a stake important minority in black.

Confirmation of the capital approaches could come as early as Tuesday.

Black has been a difficult years.He underwent a voluntary society arrangement (CVA) in November last year that has seen nearly a hundred stores sortie.En July retailer, led by the former CEO of Linda McCartney Foods Neil Gillis, said like-for-like sales for the 17 weeks until the end of June fell by 7 5pc.Describes the performance as "disappointing".

However, the company is regarded as an interesting target because it closed many deficit stores and cash - generative when July, analysts said that plan for resumption of blacks in Mr. Gillis was "managed very well".

Black and McQueen refused commenter.Actions blacks were flat at 34 percent.

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Sources suggest that the sale of Thomas can suffice to connect a loss before taxes of success for the year to July, 2009

Other groups would be interested to purchase Thomas include Viacom and Disney.

However, sources the city said last night that hit may have difficulty in achieving the desired $700 m.

Sources suggest that the sale of Thomas can suffice to connect the loss before taxes of hit 569 m $ for the year to July, 2009, which wiped out the Apax investment value after a devaluation of 500 m $.

In 2005, Apax has purchased a Hit Entertainment for ￡ 489.4 m.

A formal process for the sale of Thomas has not yet started, but it is close.

Lord Waheed Alli, founder of the chorion, particularly wishes to have the popular train and has expressed an interest in Thomas.Il is heard Lord Waheed believes he can obtain funding for the transaction.

However, industry sources said chorion may have to seek funds from a source other than the current funder, capital private investment group 3i.

Smaller groups such as entertainment, also interested to purchase other assets of success.

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