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Caesars merger brings company closer to emerging from bankruptcy protection

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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.