REIT plan still in play at Caesars Entertainment

• The reorganization plan proposed by the operating unit Caesars Entertainment (NASDAQ:CZR) still involves converting into a REIT, even as lenders chip away at some of the terms.
• A REIT play by Caesars is seen as a way to separate out the company's casino prospects from the debt morass. Caesars has seen improved results at some properties in Las Vegas, in other parts of Nevada, Mississippi, and New Jersey. The casino operator also has international expansion on the plate in Canada, U.K., South Africa, Egypt, and potentially South Korea.
• Tale of the tape: Caesars Entertainment trades at $7.91 vs. a 52-week trading range of $3.30 to $17.39. Caesars Acquisiton (NASDAQ:CACQ) is swapping hands at $7.75 vs. a 52-week trading range of $4.82 to $10.90.