A group of Caesars Entertainment bondholders have filed a default notice against the company. Vegas Inc is reporting that the bondholders in question control 30 percent of the $3.7 billion in bonds loaned to the company back in 2009. These bondholders allege that Caesars violated the terms of the loans when it sold Bally's, the Cromwell, the Quad and Harrah's New Orleans to a subsidiary called Caesars Growth Partners.
Officials with the company dispute the claims. Caesars Entertainment is almost $24 billion in debt.
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