TCR_Public/170218.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Saturday, February 18, 2017, Vol. 21, No. 48

                            Headlines

CAESARS ENTERTAINMENT: Gains $98.7 Million Net Income in December
DAKOTA PLAINS: Records $50,546 Net Loss at Dec. 31
INTERNATIONAL SHIPHOLDING: Net Loss Widens to $6.77MM in December

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CAESARS ENTERTAINMENT: Gains $98.7 Million Net Income in December
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Caesars Entertainment Operating Company, Inc. (CEOC), a majority
owned subsidiary of Caesars Entertainment Corporation, et. al.,
filed with the U.S. Securities and Exchange Commission its monthly
operating report for December.

The Debtor's statement of operations for December showed a net
income of $98.7 million on net revenue of $394.4 million, as
compared to $2.4 million net loss recorded for November.

As of December 31, 2016, the Debtor posted $11.41 billion in total
assets, $21.73 billion in total liabilities, and a $10.31 billion
total shareholders' deficit.

A copy of the monthly operating report is available for free at the
SEC at:

                       https://is.gd/XfA064

                    About Caesars Entertainment

Caesars Entertainment Corp., formerly Harrah's Entertainment Inc.,
is one of the world's largest casino companies.  Caesars casino
resorts operate under the Caesars, Bally's, Flamingo, Grand
Casinos, Hilton and Paris brand names.  The Company has its
corporate headquarters in Las Vegas.  Harrah's announced its
re-branding to Caesar's in mid-November 2010.

In January 2015, Caesars Entertainment and subsidiary Caesars
Entertainment Operating Company, Inc., announced that holders of
more than 60% of claims in respect of CEOC's 11.25% senior secured
notes due 2017, CEOC's 8.5% senior secured notes due 2020 and
CEOC's 9% senior secured notes due 2020 have signed the Amended and
Restated Restructuring Support and Forbearance Agreement, dated as
of Dec. 31, 2014, among Caesars Entertainment, CEOC and the
Consenting Creditors.  As a result, The RSA became effective
pursuant to its terms as of Jan. 9, 2015.

Appaloosa Investment Limited, et al., owed $41 million on account
of 10% second lien notes in the company, filed an involuntary
Chapter 11 bankruptcy petition against CEOC (Bankr. D. Del. Case
No. 15-10047) on Jan. 12, 2015.  The bondholders are represented By
Robert S. Brady, Esq., at Young, Conaway, Stargatt & Taylor LLP.

CEOC and 172 other affiliates -- operators of 38 gaming and resort
properties in 14 U.S. states and 5 countries -- filed Chapter 11
bankruptcy petitions (Bank. N.D. Ill.  Lead Case No. 15-01145) on
Jan. 15, 2015.  CEOC disclosed total assets of $12.3 billion and
total debt of $19.8 billion as of Sept. 30, 2014.

Delaware Bankruptcy Judge Kevin Gross entered a ruling that the
bankruptcy proceedings will proceed in the U.S. Bankruptcy Court
for the Northern District of Illinois.

Kirkland & Ellis serves as the Debtors' counsel.  AlixPartners is
the Debtors' restructuring advisors.  Prime Clerk LLC acts as the
Debtors' notice and claims agent.  Judge Benjamin Goldgar presides
over the cases.

The U.S. Trustee has appointed an official committee of second
priority noteholders and an official unsecured creditors'
committee.

The U.S. Trustee appointed Richard S. Davis as Chapter 11 examiner.
The examiner retained Winston & Strawn LLP, as his counsel;
Alvarez & Marsal Global Forensic and Dispute Services, LLC, as
financial advisor; and Luskin, Stern & Eisler LLP, as special
conflicts counsel.

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On Jan. 17, 2017, the U.S. Bankruptcy Court for the Northern
District of Illinois confirmed the Third Amended Joint Plan of
Reorganization of Caesars Entertainment Operating Company, Inc. and
its affiliated debtors.



DAKOTA PLAINS: Records $50,546 Net Loss at Dec. 31
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Dakota Plains Holdings, Inc., filed with the U.S. Securities and
Exchange Commission its monthly operating report for December 20 to
31, 2016.

The Debtor's statement of operations showed a net loss of $50,546
on $nil of revenue for the current reporting period.

As of December 31, 2016, the Debtor had total assets of $3.04
million, $75.40 million in total liabilities, and -$72.35 million
in total shareholders' equity.

At December 20, 2016, the Debtor had $378,979 cash.  It listed
total disbursements of $104,925 and zero receipts.  Thus, the
Debtor had $274,054 cash at December 31.

A copy of the monthly operating report is available at the SEC at:

                    https://is.gd/fqitUr

              About Dakota Plains Holdings, Inc.

Dakota Plains Holdings, Inc. (NYSE MKT: DAKP) --
http://www.dakotaplains.com/--is an energy company operating the  
Pioneer Terminal transloading facility. The Pioneer Terminal is
centrally located in Mountrail County, North Dakota, for Bakken and
Three Forks related Energy & Production activity.

Dakota Plains Holding and six of its wholly owned subsidiaries
filed voluntary Chapter 11 petitions (Bankr. D. Minn. Lead Case No.
16-43711) on Dec. 20, 2016, initiating a process intended to
preserve value and accommodate an eventual going-concern sale of
Dakota Plains' business operations. The petitions were signed by
Marty Beskow, CFO. The cases are assigned to Judge Michael E.
Ridgway.

At the time of the filing, Dakota Plains Holdings disclosed $3.08
million in assets and $75.38 million in liabilities.

Baker & Hostetler LLP has been tapped as the Debtors' legal
counsel.  Ravich Meyer Kirkman McGrath Nauman & Tansey, A
Professional Association serves as co-counsel.  Canaccord Genuity
Inc. serves as the Debtors' financial advisor and investment
banker, Carlson Advisors as accountant, James Thornton as special
purpose counsel.

The U.S. Trustee has been unable to appoint an official unsecured
creditors committee.



INTERNATIONAL SHIPHOLDING: Net Loss Widens to $6.77MM in December
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International Shipholding Corporation, on January 17, 2017, filed
with the U.S. Securities and Exchange Commission its monthly
operating report for December 2016.

The Debtor's statement of operations reflected a net loss of $6.77
million on $14.33 million of gross revenue for the month, an
increase from $2.44 million net loss reported in November.

As of December 31, 2016, the Debtor recorded total assets of
$255.24 million, $45.24 million in total post-petition liabilities,
$164.11 million in total pre-petition liabilities, and $45.88
million in total shareholders' equity.

At the start of the month, the Debtor had $10.20 million cash.  It
listed total cash receipts of $47.00 million and a total
disbursements of $51.80 million.  At month end, the Debtor had
$5.41 million cash.

A copy of the monthly operating report is available at the SEC at:

                    https://is.gd/FjzHIn

               About International Shipholding

International Shipholding Corp. filed a Chapter 11 petition (Bankr.
S.D.N.Y. Case No. 16-12220) on July 31, 2016. Its affiliated
Debtors also filed separate Chapter 11 petitions. The petitions
were signed by Manuel G. Estrada, vice president and chief
financial officer.

International Shipholding Corp. was engaged in waterborne cargo
transportation and maintained a diversified customer base with
emphasis on medium and long term contracts.  ISH was founded in
1947 when the Johnsen family purchased a Liberty Ship after the
establishment of the War Ship Act of 1946 and became a public
company in 1979.  Through its Debtor and non-Debtor subsidiaries,
International Shipholding now operates a diversified fleet of 21
U.S. and foreign flag vessels that provide domestic and
international maritime transportation services to commercial and
governmental customers primarily under medium to long-term
contracts.  As of the Petition Date, International Shipholding
maintained offices in Mobile, Alabama, New Orleans, Louisiana, New
York, New York, and Tampa, Florida, as well as a network of
agencies in major cities worldwide.

ISH, which was formed as a Delaware corporation in 1978 and became
a public company in 1979, is the ultimate corporate parent of the
International Shipholding family of companies.  International
Shipholding's fleet is operated by ISH's principal Debtor and
non-Debtor subsidiaries, including Central Gulf Lines, Inc.,
Waterman Steamship Corporation, Enterprise Ship Company, Inc., U.S.
United Ocean Services, LLC, CG Railway, Inc., LCI Shipholdings,
Inc., Sulphur Carriers, Inc., and East Gulf Shipholding, Inc.
Certain other of ISH's Debtor subsidiaries, including LMS
Shipmanagement, Inc., and N. W. Johnsen & Co., Inc., provide ship
management, ship charter brokerage, agency and other specialized
services. C.G. Railway Inc., Cape Holding LTD, Dry Bulk Cape
Holding, Inc., East Gulf Shipholding, Inc., MPV Netherlands C.V.,
MPV Netherlands Cooperatief U.A., MPV Netherlands B.V., Bulk
Shipholding Inc., and Terminales Transgolfo S.A. de C.V. are not
debtors in these Chapter 11 cases.

The Debtors are represented by David H. Botter, Esq., Sarah Link
Schultz, Esq., and Travis A. McRoberts, Esq., at Akin Gump Strauss
Hauer & Feld LLP. The Debtors' Restructuring Advisor is Blackhill
Partners, LLC.  Their Claims, Noticing & Balloting Agent is Prime
Clerk LLC.

The Debtors disclosed total assets at $305.1 million and total
debts at $226.8 million as of March 31, 2016.

William K. Harrington, the U.S. Trustee for the Southern District
of New York, on Sept. 1, 2016, appointed three creditors to serve
on the official committee of unsecured creditors of International
Shipholding Corporation.  The committee hires Pachulski Stang Ziehl
& Jones LLP as counsel, and AMA Capital Partners, LLC, as financial
advisor.

On Dec. 28, 2016, the Debtors filed their first amended joint
Chapter 11 plan of reorganization.  Class 7 general unsecured
creditors are expected to recover 7% of their claims, according to
the filing.



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