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CEOC Restructuring Approved

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In a corporate release, Caesars Entertainment Corporation (CEC) and Caesars Entertainment Operating Company (CEOC) announced that the Mississippi Gaming Commission granted required regulatory approvals for CEOC’s restructuring.

These approvals are important milestones in the ongoing effort to complete CEOC’s restructuring. CEC and CEOC continue to engage with their respective regulators in jurisdictions where approvals are required for certain aspects of CEOC’s restructuring. In addition to regulatory approvals, CEOC’s restructuring is subject to the completion of the merger of Caesars Acquisition Company with and into CEC, certain financing activities, continuing oversight by the U.S. Bankruptcy Court and other customary closing conditions. CECO is a majority owned subsidiary of CEC.

Read more CEOC bankruptcy news.