Creditors of Caesars Entertainment Corp.'s bankrupt operating unit want a stake in the parent company in exchange for supporting a plan to restructure the sprawling casino empire, according to documents posted yesterday on a bondholder website, Dow Jones Daily Bankruptcy Review reported today. Caesars rejected the proposal, a spokesman confirmed. But the demands demonstrate the potentially large cost to Caesars and its private-equity backers, Apollo Global Management LLC and TPG, as they try to persuade creditors to back the operating unit's restructuring plan and drop litigation against the parent.
