Gaming regulators in Louisiana and Missouri have granted the licenses and regulatory approvals necessary for the restructuring of Caesars Entertainment and Caesars Entertainment Operating Co., the Las Vegas Review-Journal reported today. The approvals in those two states were the last major hurdles for Caesars to clear to exit chapter 11 protection. The company expects to be operating under the restructured corporate governance in early October. The company won its final approvals in Nevada in August. Caesars filed for chapter 11 protection in January 2015, and after two years of contentious negotiations among creditors, Bankruptcy Judge Benjamin Goldgar of the Northern District of Illinois in Chicago approved the company’s bankruptcy plan in January 2017. Company shareholders overwhelmingly approved a merger of Caesars Entertainment in two separate votes in July.
