Caesars Entertainment's operating unit files for bankruptcy
Add BT as a preferred sourcePublished Thu, Jan 15, 2015 · 06:59 AM
[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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