- Associated Press•yesterday
A federal judge gave the thumbs-up Tuesday to a plan to reorganize a subsidiary of casino giant Caesars Entertainment Corp., clearing the way for the operating unit to exit bankruptcy two years after filing ...
Caesars Entertainment Corp (CZR.O) has wrapped up the $18 billion bankruptcy of its main operating unit, allowing the casino company to focus on restoring the tarnished Harrah's, Caesars and Horseshoe brands after two years of Chapter 11 proceedings. Caesars' subsidiary, Caesars Entertainment Operating Co Inc (CEOC), won court approval on Tuesday for a plan to shed $10 billion of debt and separate its U.S.-based property assets from its gaming operations. "Upon CEOC's emergence, we will be positioned to strengthen our financial and operational performance by pursuing new opportunities to invest in and expand our brands and business," Mark Frissora, president and chief executive officer of Caesars Entertainment, said in a statement.
- The Wall Street Journal•yesterday
A bankruptcy judge approved the restructuring plan for Caesars Entertainment’s operating unit, paving the way for the casino operator to emerge from chapter 11 protection later this year.
CZR : Summary for Caesars Entertainment Corporati - Yahoo Finance
Caesars Entertainment Corporation (CZR)
NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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|Bid||8.50 x 4000|
|Ask||9.40 x 400|
|Day's Range||8.73 - 9.04|
|52 Week Range||5.39 - 10.84|
Trade prices are not sourced from all markets
|PE Ratio (TTM)||-0.41|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|