Caesars Entertainment unit files for Chapter 11 bankruptcy

GMT 08:17 2015 Thursday ,15 January

Arab Today, arab today Caesars Entertainment unit files for Chapter 11 bankruptcy

Arab Today

The main operating unit of troubled US casino giant Caesars Entertainment -- owners of the famed Caesars Palace in Las Vegas -- said Wednesday it was filing for Chapter 11 bankruptcy.
Caesars Entertainment Operating Company said it was part of a financial restructuring plan aimed at strengthening its financial position and significantly reducing debt, but that all its properties would remain open for business.

 

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