TCR_Public/171014.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, October 14, 2017, Vol. 21, No. 286

                            Headlines

CAESARS ENTERTAINMENT: Gains $34.2 Million Net Income in August

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CAESARS ENTERTAINMENT: Gains $34.2 Million Net Income in August
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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 August 2017.

The Debtors' statement of operations showed a net income of $34.2
million on net revenues of $329.6 million for the month.

As of August 31, 2017, the Debtors posted $11.59 billion in total
assets, $21.58 billion in total liabilities, and $9.99 billion in
total shareholders' deficit.

A copy of the monthly operating report is available for free at the
SEC at https://is.gd/mR2BEM  

                     About Caesars Entertainment

Caesars Entertainment -- http://www.caesars.com-- is the world's
most diversified casino-entertainment provider and the most
geographically diverse U.S. casino-entertainment company.  Caesars
Entertainment is mainly comprised of the following three entities:
the majority owned operating subsidiary CEOC, wholly owned CERP and
Caesars Growth Properties, LLC, ("CGP LLC"), in which we hold a
variable economic interest. Since its beginning in Reno, Nevada, 79
years ago, CEC has grown through development of new resorts,
expansions and acquisitions and its portfolio of subsidiaries now
operate 47 casinos in 13 U.S. states and five countries.  Caesars
Entertainment's resorts operate primarily under the Caesars(R),
Harrah's(R) and Horseshoe(R) brand names. Caesars Entertainment's
portfolio also includes the London Clubs International family of
casinos.  Caesars Entertainment is focused on building loyalty and
value with its guests through a unique combination of great
service, excellent products, unsurpassed distribution, operational
excellence and technology leadership.  Caesars Entertainment is
committed to environmental sustainability and energy conservation
and recognizes the importance of being a responsible steward of the
environment.

                About Caesars Acquisition Company

Caesars Acquisition Company ("CAC")
--http:/wwww.caesarsacquisitioncompany.com -- was formed to make an
equity investment in CGP LLC, a joint venture between CAC and
Caesars Entertainment, the world's most diversified casino
entertainment provider and the most geographically diverse U.S.
casino-entertainment company.  CAC is CGP LLC's managing member and
sole holder of all of its outstanding voting units.

                    About Caesars Entertainment

Las Vegas, Nevada-based Caesars Entertainment Corp. (NASDAQ:CZR) --
http://www.caesars.com/-- 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.  


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S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
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Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.  
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