NEW YORK ( TheStreet) -- Caesars Entertainment (CZR - Get Report) continues to climb higher Thursday after surging over 13% overnight from its prospectus filing to split assets. The company intends to issue rights to purchase part of the spin-off.Caesars, the iconic name that includes 52 land- and water-based casinos in seven countries hasn't fared well since the economic downturn. Each quarter, the earnings report emulates the joy of a seven rolled after establishing your number. The casino's current objective is to raise up to $1.18 billion for its developing online gaming enterprise by issuing up to 125.3 million shares of common stock upon exercise of rights at $9.43 a share.
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