A court-appointed examiner said that an independent investigation into transactions by casino giant Caesars Entertainment Operating Co (CEOC) prior to its $18 billion bankruptcy filing will not conclude by a Dec. 15 deadline, Reuters reported yesterday. Examiner Richard Davis said that his team is still reviewing more than 867,000 documents consisting of more than 6.4 million pages related to CEOC and its parent Caesars Entertainment Corp., many of which were received only recently. Creditors have accused CEOC of illegally transferring valuable casinos and properties to affiliates of the parent company, owned by Apollo Global Management and TPG Capital, before filing for chapter 11 protection in January.
