June 26, 2014 / 10:10 AM / 3 years ago

Caesars CEO eyes debt deal, says can finance Japan foray

TOKYO, June 26 (Reuters) - Caesars Entertainment Corp will likely agree to a debt restructuring with bondholders within a year and should have no problem financing a foray into the Japanese market, the debt-strapped casino operator's chief executive said on Thursday.

Gary Loveman said he believed Caesars' finances - its debt carries a speculative grade rating - would not put it at a disadvantage as it seeks a licence in Japan, where a bill to legalise casinos could be put to a vote in parliament this year.

"A licence in Japan will be so attractive that raising the money is not likely to be a big problem," Loveman said in an interview with Reuters, adding that he was talking with potential partners for a possible entry into Japan. (Reporting by Nathan Layne and Emi Emoto; Editing by Edmund Klamann)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below