Shares of Caesars Entertainment fell $2.05, or 17 percent on Monday to close at $10. The casino operator said the company’s bankrupt operating division, Caesars Entertainment Operating Co., has been unable to reach a deal regarding the restructuring plan to cut “some” debt, Reuters reported.
The company said it halted talks with the Ad Hoc Committee Bank Lenders. Caesars has until May 15 to file a plan for reorganizing Caesars Entertainment Operating Co.
On Monday the company asked a judge to grant a six-month extension, The Motley Fool reported on its website. The company’s rationale was the complexity of the transaction as well as legal challenges that could unravel spinoffs that created the now-bankrupt Caesars Entertainment Operating Co., the story said.
The Wall Street Journal also reported that CEOC wants until Nov. 15 to file its own reorganization proposal without the threat of rival plans. Such a request is common in bankruptcy cases, the Journal reported.
Le edizioni di Barcellona di ICE e iGB Affiliate stabiliranno un nuovo
record mondiale di presenze
-
Clarion Gaming ha confermato che le edizioni di Barcellona del 2025 di ICE
e iGB Affiliate saranno registrate come il più grande raduno di
professionisti...
6 giorni fa
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