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Sunday, Mar 16, 2025

Caesars Largest Unit to File for Bankruptcy

Caesars Entertainment Corp.’s largest unit is preparing to file for its own bankruptcy protection as soon as Thursday, the Wall Street Journal reports. The move comes after group of hedge fund creditors, including L.A.’s Oaktree Capital Management, sought on Monday to force the unit into bankruptcy and to appoint an independent examiner to investigate what they allege was the plundering of the company.

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