Caesars Entertainment (CZR +8.6%) may transfer assets to a new entity which will focused on...

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

Caesars Entertainment (CZR +8.6%) may transfer assets to a new entity which will focused on projects complementary to its existing gaming properties. The company anticipates it will own a "significant portion" of Caesars Growth Venture Partners, but that other outside investors may be brought on board. Properties which might be off-loaded to CGVP include the Planet Hollywood in Las Vegas and a development in Baltimore.