Local News


Caesars merger brings company closer to emerging from bankruptcy protection

Posted at 6:28 PM, Jul 26, 2017
and last updated 2017-07-27 09:01:27-04

Caesars Entertainment is one step closer to emerging from bankruptcy protection.

Caesars stockholders approved a merger of two companies -- Caesars Entertainment Corporation and Caesars Acquisition Company, which would place 18 Caesars resorts, including ones in Nevada, under a newly formed company.

Under the new plan, Caesars would separate almost all U.S. real estate properties from gaming operations.