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Caesars Cancels Webcast after Vegas Shooting, Bankruptcy Exit on Track

Submitted by jhartgen@abi.org on

Caesars Entertainment Corp canceled an investor webcast yesterday following a deadly mass shooting in U.S. casino hub Las Vegas, but a spokesman said its main operating unit’s emergence from a near three-year bankruptcy was still on track for this week, Reuters reported. Earlier, Caesars said its unit, Caesars Entertainment Operating Co. Inc., was set to end a long and costly bankruptcy by Oct. 6 after receiving a series of approvals from gaming authorities and shareholders. The Caesars statement came hours after news that a lone gunman had fatally shot dozens of concertgoers in Las Vegas, where Caesars owns Caesars Palace and the Linq Hotel and Casino. A Caesars spokesman said the company, which owns the Harrah’s, Caesars and Horseshoe brands, would postpone its investor presentation until next week or the following week.