Caesars Entertainment (czr) Stock Gaining Today As Bankruptcy Case Moves To Chicago

NEW YORK (TheStreet) -- Shares of Caesars Entertainment Corp. are higher by 2.31% to $11.94 in mid-afternoon trading on Wednesday, after it was reported that the casino operator won a bid to move its Caesars Entertainment Operating Co. unit's $20 billion bankruptcy case to Chicago. By holding proceedings in Chicago it may be easier for the company's owners to be protected from liability in the case, Bloomberg reports. On Wednesday a U.S.

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