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Caesars secures court approval to emerge from bankruptcy

18th January 2017 7:24 am GMT
Caesars Entertainment

After two years of Chapter 11 proceedings, Caesars Entertainment’s operating unit has been given the go ahead to emerge from bankruptcy later this year.

The US Bankruptcy Court for the Northern District of Illinois has approved the company’s restructuring plans, paving the way to conclude Caesars Entertainment Operating Company’s (CEOC) court-supervised restructuring process this year.

"The confirmation of the plan of reorganization marks a major milestone in CEOC's restructuring process and facilitates a path forward to emergence [...]

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