Caesars Entertainment Corp., the casino company whose largest unit is in bankruptcy, warned that lawsuits stemming from its restructuring efforts could endanger its ability to continue operating as a going concern.
If creditors of the subsidiary were to prevail on claims that the company improperly shifted assets from their reach and stripped them of a parent-company guarantee, the outcome “could have a material adverse effect on our business, financial condition, results of operations and cash flows,” the Las Vegas-based company said Monday in a regulatory filing. Caesars shares fell 2.4 percent to $9.39, the lowest since October.
To see the full story, click here.
Join the Discussion:
Check this out for a full explanation of our conversion to the LiveFyre commenting system and instructions on how to sign up for an account.
Full comments policy