Important step in CEOC's restructuring
Caesars Entertainment, Caesar Entertainment Operating Co. win key approvals in Illinois
The Illinois Gaming Board granted the necessary regulatory approvals and issued the license as required by the board for effectuating the restructuring of CEO.
2017-06-01
Reading time 25 seg
The Illinois Gaming Board granted the necessary regulatory approvals and issued the license as required by the board for effectuating the restructuring of CEO.
These actions and approvals by the board are significant and important milestones in the ongoing efforts to complete CEOC's restructuring, the company said.
Caesars Entertainment and CEOC continue to engage with regulators in jurisdictions where approvals are required for certain aspects of CEOC's restructuring. In addition to regulatory approvals, CEOC's restructuring is subject to the completion of the merger of Caesars Acquisition Company with and into Caesars Entertainment, certain financing activities, continuing oversight by the United States Bankruptcy Court, and other customary closing conditions.
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