The operating unit of Caesars Entertainment Corp received court approval yesterday to remain in control of its bankruptcy for another six months, Reuters reported yesterday. The ruling by Bankruptcy Judge Benjamin Goldgar allows the country's largest casino operator to pursue its plan for cutting its $18 billion debt without the threat of a rival plan from creditors. Judge Goldgar cited the size of the case in his decision, and he overruled creditors who pressed him to shorten the period of exclusive control to four months or even to end it now. Caesars will retain control of its bankruptcy through mid-November.
