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Caesars, Creditors, Try To Hash Out Bankruptcy Deal

Caesars Entertainment is continuing to work toward getting the main part of its business out of bankruptcy, but there may be some obstacles along the way.

Reuters reports the casino company is offering some creditors two-thirds of a dollar for every dollar owed.

But, that's apparently not enough for one of Caesars' creditors.

Trilogy Capital Management has said it will sue over the deal.

The news comes as Caesars and creditors met through the weekend to try and hash out a deal.

Caesars' latest offer would reimburse creditors of Caesars Entertainment Operating Company $5 billion altogether, so long as those creditors would no longer pursue allegations the company committed fraud before it declared bankruptcy.

Caesars' shares closed down eight cents Monday to $9.46 on the news. 

Casey Morell is the coordinating producer of Nevada Public Radio's flagship broadcast State of Nevada and one of the station's midday newscast announcers. (He's also been interviewed by Jimmy Fallon, whatever that's worth.)
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