Caesars could face $5 billion hit from unit's bankruptcy: examiner
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Caesars Entertainment (CZR) Issues Response to Examiner's Report Related to CEOC's Chapter 11 Case
March 16, 2016 7:11 AM EDTCaesars Entertainment Corporation (Nasdaq: CZR) issued the following response to the report filed by Richard Davis, the Examiner appointed in the Chapter 11 case of Caesars Entertainment Operating Company ("CEOC"):
"Caesars Entertainment appreciates the effort of Mr. Davis and his team. We believe the evidence shows that each of the challenged transactions was undertaken to strengthen CEOC and provide it with the liquidity and resources required to sustain it and... More
