Earl nears sale of Vegas Planet Hollywood

British leisure entrepreneur Robert Earl has moved a step nearer selling his Planet Hollywood resort in Las Vegas today as casino giant Harrah's Entertainment filed to clear a deal with Nevada's Gaming Control Board.

Harrah's, which owns six Vegas casinos, bought $140 million (£85.1 million) of Planet Hollywood Resort and Casino's $870 million debt in September. Now it wants to take over the whole business.

Earl told employees: "I feel this is a perfect marriage for our brand. [Harrah's] brings many assets to the Planet we do not posses."

Earl is chief executive of the Planet Hollywood restaurant company and heads the marketing and property development side of the brand.