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Caesars: Default Notice Is "Meritless"

NEW YORK — Caesars Entertainment Corp., which is in the midst of trying to cut its debt, disclosed Monday that it received a default notice from one of its banks. But the casino operator said the notice was "meritless."

In a Securities and Exchange Commission filing, Caesars said that it received a default notice Friday from UMB Bank related to its senior secured notes.

The default notice was for its operating unit Caesars Entertainment Operating Co., which said it "does not believe that a default or an event of default has occurred."

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