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Caesars Sells Properties To Manage Debt

Caesars Entertainment announced the planned sale of four properties Monday to a subsidiary for $2.2 billion dollars. The sale will reduce the debt carried by the parent company. Caesars has the highest debt of any major gaming company, and has struggled with its balance sheet. Will this deal fix the financial problems at Caesars Entertainment? Or will it just postpone the fallout from all its debt?

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Howard Stutz, gaming reporter, Las Vegas Review-Journal

Tuesday, March 4, 2014