The Indiana Gaming Commission gave the green light and approved the proposal of acquisition of Harrah's Entertainment, Inc., (NYSE: HET) by affiliates of Apollo Management, L.P. and TPG Capital.

However, even with this first step made, the gaming company needs to obtain approval for the transaction from other jurisdictions in which Harrah's subsidiaries operate. Also, the company will be imposed with other conditions to closing set forth in the agreement and plan of merger entered into on December 19, 2006.