Here's a question: if in fact the parent company is forced into bankruptcy, would they be forced to divest all their casinos, and if so, I wonder who the most likely buyer(s) is / would be?
Bankruptcy doesn't mean the corporation disappears, just that the stockholders/bondholders are now different people. Every airline except Southwest has gone bankrupt, yet they are still flying, GM went bankrupt yet it still exists and there are hundreds of other corporations in existence today that went through bankruptcy. If Caesars gets liquidated, then it is a different story, but we are far that point at this time.
Quote: by ELIAS YATES @Inside Trade
Caesars Entertainment Corp (NASDAQ:CZR) has a new strategy for resolving its contentious bankruptcy: Sue its parent, the parentís owners and their executives before disgruntled bondholders do... <SNIP>
Quote: Steven Church @Bloomberg
>Bankrupt casino operator bids to halt bondholder court attack
>Thicket of creditor litigation threatens reorganization plans
Caesars Entertainment Operating Co. has a new strategy for... <SNIP>