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Wednesday, January 14, 2015

Creditors lose bid for emergency hearing on Caesars bankruptcy, (NASDAQ: CZR)

A U.S. Bankruptcy Court judge in Delaware on Wednesday rejected a request by creditors of Caesars Entertainment Corp's operating unit to hold an emergency hearing to stay the unit's Chapter 11 filing, planned for Thursday. The creditors want the bankruptcy of the casino operator heard in Delaware, while Caesars said it plans to file in Chicago.

Caesars Entertainment Corporation, is a diversified casino-entertainment provider. Shares of CZR fell by 3.21% or $-0.4053/share to $12.22. 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 1078964.