Another controversial move from Caesars Entertainment


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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Comments (1)
  • Mr Wan
    , contributor
    Comments (79) | Send Message
     
    Balance of interests favors CZR
    Jobs trumps hedgies
    15 Aug 2014, 12:54 PM Reply Like
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