I have always thought that Park Place overpaid for Caesars. Their stock has proved the point for the last few years and they are carrying $4.5 Billion in debt. The old Park Place, now Caesars, is one of the worst run casino companies around. I doubt the FTC will let both megamergers go thru, a more likely scenerio is for Harrahs to buy some properties from Caesars which will help reduce the debt.