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Debt holders threaten Caesars over “inadequate” asset transfers

7th April 2014 9:56 am GMT

Caesars Entertainment said Friday that it will “defend itself vigorously” and “seek appropriate relief” should any action be brought against the company, after the US casino operator received a letter from a law firm claiming to act on behalf of unnamed parties who allege that Caesars improperly transferred assets to affiliated entities.

Last week a letter was sent to the boards of directors of Caesars Entertainment Corporation (CEC) and Caesars Entertainment Operating Company (CEOC) by [...]

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