Action was delayed on Caesars’ recapitalization.
The Nevada Gaming Commission will resume discussion July 30 in Las Vegas on a nearly $1-billion plan by Caesars World that surfaced after a hostile bid by investor Martin Sosnoff. Commission Chairman John O’Reilly said commissioners are viewing the recapitalization plan “with extreme concern.” Gaming authorities questioned whether Caesars could afford a nearly $1-billion debt that will result from the plan and maintain the quality of its Nevada hotel-casinos.
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