Caesars Wins Bondholder Battle Reprieve

[wsj-responsive-image P="//art.wsj.net/api/photos/38736207/smartcrop?height=499&width=749" J="//art.wsj.net/api/photos/38736207/smartcrop?height=639&width=959" M="//art.wsj.net/api/photos/38736207/smartcrop?height=853&width=1280" caption="The marquee at Caesars Palace shows a tribute to boxing legend Muhammad Ali on June 3 in Las Vegas" credit="Getty Images" placement="Inline" suppressEnlarge="false" ]

Casino company Caesars Entertainment Corp. won a temporary reprieve, until Aug. 29, in a battle with bondholders who want it to make good on $11 billion in guarantees on its bankrupt operating unit’s debt. Read the Daily Bankruptcy Review article via The Wall Street Journal.

(Daily Bankruptcy Review is a daily newsletter with comprehensive coverage and analysis of emerging and in-progress insolvencies and turnarounds. For a two-week trial, visit http://on.wsj.com/DJBankruptcyNews, scroll to the bottom and click “try for free.”)

Gawker Media Group and ex-professional wrestler Hulk Hogan agreed to a temporary standstill in their legal battle, DBR reports in WSJ. And the company’s chief executive said its valuation was “undoubtedly depressed” because of the legal woes.

DBR reports in WSJ on the bankruptcy of data center Peak Hosting following a messy breakup with the developer of the videogame “Game of War: Fire Age.”

KaloBios Pharmaceuticals Inc. won approval of its plan to leave chapter 11 protection, DBR reports in WSJ. The plan pushes former Chief Executive Martin Shkreli to the sidelines.

Retailer BHS’s former owner apologized for its collapse, WSJ reports.

Write to Melanie Cohen at [email protected]. Follow her on Twitter at @MelanieLisa