Caesars gets Louisiana, Missouri approval for CEOC's restructuring
With the additions of Louisiana and Missouri, the companies have now received approvals from all necessary gaming authorities for CEOC's restructuring and for the merger of Caesars Acquisition Company (CAC) into Caesars Entertainment Corporation, including Illinois, Indiana, Iowa, Maryland, Mississippi, Nevada, New Jersey and Pennsylvania.
Stockholders of Caesars Entertainment and Caesars Acquisition have also approved the previously announced merger of both companies, as well as a number of other matters related to the restructuring of CEOC and its emergence from bankruptcy.
The merger of Caesars Entertainment Corporation and Caesars Acquisition is subject to customary closing conditions, including the completion of CEOC's restructuring. CEOC's restructuring is subject to the completion of the merger, certain financing activities and real estate transactions, various internal and third party transfers and other customary closing conditions.
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