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Caesars Entertainment's operating unit files for bankruptcy

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The operating unit of Caesars Entertainment Corp, the largest US casino company, filed for Chapter 11 bankruptcy on Thursday to implement its plan to cut US$10 billion of debt.

[LAS VEGAS] The operating unit of Caesars Entertainment Corp, the largest US casino company, filed for Chapter 11 bankruptcy on Thursday to implement its plan to cut US$10 billion of debt.

The company said it has the support of its senior noteholders to implement the plan, which will reduce the operating unit's debt to US$8.6 billion from US$18.4 billion.

REUTERS

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