January 14, 2015 / 5:20 PM / 5 years ago

Caesars' unit to file for bankruptcy Thursday in Chicago

Jan 14 (Reuters) - Caesars Entertainment Corp’s operating unit will file for bankruptcy on Thursday in Chicago, according to a Wednesday court filing by the largest U.S. casino company.

The bankruptcy filing has been anticipated since last month, although not the court and timing. Creditors opposed to the company’s $10 billion debt-cutting proposal filed an involuntary bankruptcy petition against the operating unit on Monday in Wilmington, Delaware. (Reporting by Tom Hals in Wilmington, Delaware; Editing by James Dalgleish)

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