Caesars fends off challenge to control of its huge bankruptcy

May 27, 2015 7:50 PM

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CHICAGO May 27 The operating unit of Caesars Entertainment Corp received court approval on Wednesday to remain in control of its bankruptcy for another six months.

The ruling by U.S. Bankruptcy Judge Benjamin Goldgar in Chicago allows the country's largest casino operator to pursue its plan for cutting its $18 billion debt without the threat of a rival plan from creditors.

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