January 15, 2015 / 6:55 AM / 4 years ago

Caesars Entertainment's operating unit files for bankruptcy

Jan 15 (Reuters) - The operating unit of Caesars Entertainment Corp, the largest U.S. casino company, filed for Chapter 11 bankruptcy on Thursday to implement its plan to cut $10 billion of debt.

The company said it has the support of its senior noteholders to implement the plan, which will reduce the operating unit’s debt to $8.6 billion from $18.4 billion. (Reporting by Supriya Kurane in Bengaluru; Editing by Gopakumar Warrier)

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