Caesars: Shuffling Deck Chairs Before Sinking?

Caesars [formerly Harrah's] was salivating to invade Massachusetts at the Suffolk Downs location before misplaced questions arose having little to do with their financial disaster.

Caesars is suing the Massachusetts Gambling Commission for picking on them.

Hedge funds set to spar over Caesars Entertainment sale plan • 7:33 AM

• Appaloosa Management is part of a group of vocal bondholders set to sue Caesars Entertainment (CZR) over a plan to sell four of its casinos within the Caesars family of businesses.
• The bondholders maintain the sale will limit the ability of Caesars to pay off its debt obligations.
• The legal action will pit Appaloosa against Apollo Global Management and TPG which stand the benefit from the asset-swapping moves.

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