Caesars Entertainment's long battle for one of its units to exit bankruptcy may be coming to an end.
Reuters reports the Caesars Entertainment Operating Co. subsidiary that filed for bankruptcy has reached an agreement with the federal government to exit reorganization proceedings.
The judge overseeing the proceedings has said he would sign the deal if it resolves issues previously brought forward.
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Next week, Caesars will participate in hearings to finalize plans to cut the company's debt and get out of bankruptcy proceedings altogether.
Had Friday's agreement not been reached, it was thought the forthcoming proceedings would have stalled.
Caesars shares closed up almost 5 points Friday to end at $9.07.
