On January 17, 2017, CEOC announced that the U.S. Bankruptcy Court for the Northern District of Illinois confirmed CEOC’s Plan of Reorganization (the “Plan”), paving the way to conclude CEOC’s court-supervised restructuring process in 2017.
Under the terms of the Plan, CEOC will emerge from bankruptcy, separating virtually all of its U.S. based real property assets from its gaming operations. Caesars Entertainment will continue to own and manage the gaming operations. The real property assets will be held in a newly created real estate investment trust (“REIT”) owned by certain of CEOC’s creditors.
CEOC’s operations have continued uninterrupted throughout the financial restructuring process. All Caesars Entertainment properties, including those owned by CEOC, continue to remain open for business and operate in the ordinary course.
All properties continue to host meetings and events and provide the facilities, amenities and experiences that guests enjoy. Guests remain CEOC’s top priority and will continue to enjoy the same rich experiences and quality service they know and expect from the Company.
A list of properties owned and/or managed by CEOC is available at the following link: http://www.ceocrestructuring.com/properties.
Court documents pertaining to the Chapter 11 proceedings can be found through the Claims Agent website, http://cases.primeclerk.com/ceoc.
Certain disclosure regarding the CPLV Financing is available at this link.
Additional information is available under the restructuring tabs above. If you have further questions, please contact your usual company representative or: