Key Takeaways
- In a move that had been signaled to markets over a month ago, Caesars Entertainment Operating Company (CEOC) has missed a $225 million interest payment due on December 15.
- The action is unlikely to have any impact on the group’s online poker operations WSOP Nevada and WSOP New Jersey. These operations come under a separate operating company which is solvent.
In a move that had been signaled to markets over a month ago, Caesars Entertainment Operating Company (CEOC) has missed a $225 million interest payment due on December 15.
The missed payment triggers a 30 day period in which the company can negotiate with its creditors before it is legally obliged to declare bankruptcy.
