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Caesars Entertainment clears way out of bankruptcy protection

Posted at 5:37 PM, Jan 13, 2017
and last updated 2017-01-13 20:37:36-05

Caesars Entertainment just cleared a way out of bankruptcy protection.

Its subsidiary, Caesars Entertainment Operating Company, filed an $18 billion bankruptcy in 2015.

A new deal lets Caesars cut $10 billion of debt and emerge from Chapter 11 bankruptcy.