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Caesars Entertainment dismisses bankruptcy examiner’s claims

16th March 2016 1:56 pm GMT
Caesars Entertainment

US casino operator Caesars Entertainment said Tuesday that it disagrees with the conclusions and opinions of a court-appointed bankruptcy examiner who has claimed that the company and its private equity backers stripped away key assets before the bankruptcy filing of its operating unit last year.

Examiner Richard Davis released a 1,700 page report Tuesday following a year-long non-binding investigation into Caesars, which was initiated by the $18bn bankruptcy protection filing of its operating unit in January [...]

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