Salivating to invade Massachusetts....OR Caesars: Putting The 'Junk' In 'Junk Bond'

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Dualing bankruptcy bids for Caesars Entertainment • 11:57 AM

Clark Schultz, SA News Editor

• Caesars Entertainment (CZR -4.2%) is looking to prevent a hearing in Delaware before it files a bankruptcy plan for its main operating unit.
• The bankruptcy battle pits creditors aiming for a involuntary filing in Delaware against the company with its voluntary filing plans to protect its interests.
• What to watch: Though gaming revenue in Las Vegas has picked up, Caesars remains handcuffed by its debt and legal battles. The gaming operator also has a higher exposure to Atlantic City where traffic remains depressed.
• CZR bankruptcy timeline

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We can tap dance around details, yet when Gary Loveman was salivating to invade Massachusetts, Caesars, entire CASH FLOW went to DEBT PAYMENT.....

...so much for the Gambling Commission protecting Massachusetts residents as instructed by statute...they learned their lessons well from Steve Perske!

Caesars Entertainment seeks bankruptcy protection with no bankruptcy • 6:20 PM

Clark Schultz, SA News Editor

• An attorney for Caesars Entertainment (NASDAQ:CZR) will seek to wrap a legal shield around the company after operating unit Caesars Acquisition Company (NASDAQ:CACQ) files for bankruptcy, according to Reuters.
• The move is already drawing protests from creditors in the case.
• A Delaware judge will have to rule if extending bankruptcy protection to a parent falls within the legal bankruptcy framework.
• CZR -1.35% after-hours.

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