To restructure its billions in debt
Caesars to sell US casinos for USD 2.2 billion
(US).- Caesars Entertainment will sell four properties to a subsidiary for USD 2.2 billion. The transaction frees up the biggest owner of casinos in the United States to restructure USD 24.5 billion in debt.
2014-03-07
Reading time 22 seg
(US).- Caesars Entertainment will sell four properties to a subsidiary for USD 2.2 billion. The transaction frees up the biggest owner of casinos in the United States to restructure USD 24.5 billion in debt.
The three casino-resorts in Las Vegas and one in New Orleans were sold to Caesars Growth Partners.
Caesars Entertainment reported preliminary fourth-quarter revenue between us$ 2.05 billion and us$ 2.11 billion.
The company’s loss during the period was estimated at between us$ 1.7 billion and us$ 1.82 billion, compared to a us$ 480.3 million loss a year earlier.
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