11/04/2016
More "financial engineering" from ! They need to raise nearly $4B in order to eliminate BILLIONS of debt. First the scam, now this debacle.
"CEOC filed for Chapter 11 protection in January 2015 with $18 billion of debt and allegations by creditors that its parent looted the unit prior to the bankruptcy."
Caesars Entertainment Corp's (CZR.O) main casino operating unit has begun a process to raise up to $3.8 billion of cash needed to exit a contentious two-year bankruptcy, according to a court filing late Wednesday.