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Caesars continues to restructure debt with $2.2bn asset sale

3rd March 2014 2:17 pm GMT

US casino operator Caesars Entertainment Corporation has agreed to sell four of its casinos to Caesars Growth Partners, its majority-owned subsidiary which already holds the company’s online gaming operations and various other assets.

Caesars will sell Bally's Las Vegas, The Cromwell (formerly Bill's Gamblin' Hall & Saloon), The Quad and Harrah's New Orleans to Caesars Growth Partners, for a total purchase price of $2.2bn, including assumed debt of $185m and committed project capital expenditures of $223m.

The [...]

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