A creditor is reportedly blocking the reorganization plan issued by Caesars Entertainment Operating (CEOC) as a $1.2 billion offer from Caesars Entertainment (CZR) is set to expire at midnight.
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Caesars (CZR) said it will provide $1.2 billion for its bankrupt parent company's reorganization plan, but the offer must be accepted by midnight Friday.
Caesars' (CZR) mediator for the company's $18 billion bankruptcy case, retired U.S. Judge Joseph Farnan, resigned today.