Caesars Entertainment announces asset sales

|About: Caesars Entertainment (CZR)|By:, SA News Editor

Caesars Entertainment (CZR) will sell a group of casino assets to Caesars Growth Partners (CACQ) for $2.2B.

Bally's Las Vegas, The Cromwell, and The Quad and Harrah's New Orleans will all change hands pending regulatory approval.

The sales are part of an effort by Caesars to restructure its Caesars Entertainment Operating Company subsidiary.