- Key bondholders of Caesars Entertainment (NASDAQ:CZR) plan to challenge the company's efforts to separate its loyalty program into a separate entity.
- The group alleges it's another move by Caesars aimed at stripping good assets away before putting the main unit into bankruptcy.
- New Jersey regulators will decide next month if it will grant a license to rewards entity Caesars Enterprise Services.
- Shares of CZR are down 36.2% YTD amid the ongoing legal battles surrounding the casino operator.
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