NEW YORK (TheStreet) -- Caesars Entertainment Corp. (CZR - Get Report) won approval for a $1.75 billion refinancing from Illinois casino regulators over the objections of some bondholders, Bloomberg reports.
Caesars has two properties in Illinois, giving regulators there authority over some transactions.
The company has struggled to cope with a slowdown in gambling and a debt load of more than $23 billion, the result of a 2008 leveraged buyout led by Apollo Global Management (APO - Get Report) and TPG Capital, Bloomberg noted.
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