Caesars restructuring gets final nod

Caesars revealed that the restructuring plan that was approved by the court received the final nod from the last two states.

US.- Caesars Entertainment Corporation announced yesterday that the restructuring plan of the bankrupt main unit Caesars Entertainment Operating Co that was preciously approved by the court received the final nod from gaming regulators in Missouri and Louisiana.

Back in January, it was established that Caesars needed the approval from regulators from each state in which the company operates. Louisiana and Missouri are the last two states to steps that Caesars needed on its restructuring journey. With these two on board, the company obtained the permission from ten states in total.

The plan establishes that Caesars Entertainment Operating Co will be split in two units, one that is set to manage the gaming operations and a real estate investment trust (REIT) that will own the territories where the facilities are locates. Moreover, Caesars Entertainment Corporation will merge with Caesars Acquisition Company, four years after the companies decided to part ways.