The Caesars Bankruptcy: What’s In and What’s Out?

01/15/15
Part, but not all, of the Caesars Palace in Las Vegas is included in the bankruptcy case.
Bloomberg News

Weighed down by debt, Caesars Entertainment Corp.'s largest unit filed for bankruptcy protection in Chicago Thursday, setting off a potential fight with some creditors over a restructuring of the casino empire. While the company and its affiliates own dozens of casinos and hotels, only 18 U.S. properties were included in the Caesars Entertainment Operating Co. Chapter 11 case.

That’s partly because various Caesars subsidiaries control different parts of its empire, an issue that has been contested by some creditors. They allege some assets were reshuffled to create a “good Caesars” and a “bad Caesars” — charges the company denies.

At any rate, Caesars says all its properties will continue to operate during its bankruptcy case. Here’s a breakdown of what’s in Chapter 11 and what’s not, according to the company’s restructuring website.

Properties INCLUDED in the Bankruptcy Case

Bally’s Atlantic City

Caesars Atlantic City

Caesars Palace Las Vegas

Harveys Lake Tahoe

Harrah’s Lake Tahoe

Harrah’s Reno

Harrah’s North Kansas City

Harrah’s Joliet

Harrah’s Metropolis

Harrah’s Council Bluffs

Horseshoe Council Bluffs

Horseshoe Hammond

Horseshoe Southern Indiana

Horseshoe Tunica

Tunica Roadhouse

Harrah’s Gulf Coast

Horseshoe Bossier City

Louisiana Downs

Properties EXCLUDED from the Bankruptcy Case

LINQ Promenade and High Roller

Octavius Tower at Caesars Palace

Paris Las Vegas

Bally’s Las Vegas

The Cromwell

The LINQ Hotel & Casino

Planet Hollywood

Flamingo Las Vegas

Rio All-Suites Hotel & Casino

Harrah’s Las Vegas

Harrah’s Laughlin

Harrah’s Atlantic City

Harrah’s New Orleans

Horseshoe Baltimore

Harrah’s Philadelphia

Harrah’s Ak-Chin

Harrah’s Resort Southern California

Harrah’s Cherokee

Horseshoe Cincinnati

Horseshoe Cleveland

ThistleDown Racino

Conrad Punta del Este Resort & Casino

Playboy Club London

The Sportsman

Rendezvous Brighton

Rendezvous Southend-on-Sea

Manchester235

The Casino at the Empire

Alea Glasgow

Alea Nottingham

Emerald Safari

The London Clubs Cairo-Ramses

Caesars Cairo

Caesars Windsor

 

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