Seeking Alpha

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 (73) | Send Message
     
    Balance of interests favors CZR
    Jobs trumps hedgies
    15 Aug 2014, 12:54 PM Reply Like
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