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) and TPG Capital, Bloomberg noted.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts