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Wednesday, January 14, 2015

BRIEF-Caesars Entertainment corp's operating unit to file for bankruptcy Thursday in Chicago, (NASDAQ: CZR)

Caesars Entertainment Corp : * operating unit to file for chapter 11 bankruptcy Thursday in Chicago-court filing * Entertainment's operating unit to seek 1st day motions to continuenormal business, honor customer programs * Senior management, lawyers of Caesars entertainment's operating unitin Chicago preparing for bankruptcy-court doc * Entertainment's operating unit urges Delaware bankruptcy court toreject motion to stay Chicago filing-court doc * Entertainment's operating unit: junior creditors trying to "wreak

Caesars Entertainment Corporation, is a diversified casino-entertainment provider. Shares of CZR fell by 3.48% or $-0.44/share to $12.19. In the past year, the shares have traded as low as $8.51 and as high as $26.74. On average, 1578020 shares of CZR exchange hands on a given day and today's volume is recorded at 670480.