Wednesday, October 21, 2020

Tag: CEOC

Creditors given vote on Caesars restructuring plan

Caesars restructuring
Caesars’ bankrupt operating unit has won permission to submit its restructuring plan to creditors for a vote, setting the stage for a final courtroom showdown early next year between the casino giant and creditors who say they’re being short changed. After waiting nearly a year and a half, creditors of Caesars Entertainment Corp’s (CEC) biggest operating unit, Caesars Entertainment Operating...

Caesars weighs up sale of interactive subsidiary as legal battle intensifies

Caesars Entertainment CEOC
Casino giant Caesars Entertainment, which remains embroiled in a bankruptcy battle with the creditors of its operating company (CEOC), is now considering selling its $800m-a-year interactive division to an unknown bidder for more than $4bn.   An affiliate of Caesars Entertainment, one of the largest online and land-based casino companies in the US, is contemplating selling its rapidly growing interactive division...

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