Please ensure Javascript is enabled for purposes of website accessibility

Caesars division files for bankruptcy

(AP) A cash-strapped division of casino giant Caesars Entertainment Corp. that partly owns Horseshoe Casino Baltimore said early Thursday that it filed for bankruptcy protection in Chicago, hoping the court agrees to its plan to get out from under $18.4 billion in debt. The division, Caesars Entertainment Operating Co., owns and operates most of Caesars’ 50 properties worldwide. Caesars CEO Gary Loveman said in a statement that its casino-hotels would remain open and continue to host meetings and events, assuring customers that their loyalty points would still accrue and the company’s lineup of onstage entertainers would perform according to their schedules. “There will be no impact to operations or customer programs at Horseshoe Baltimore,” Caesars spokesman Stephen Cohen told The Baltimore Sun. “Horseshoe Baltimore is not part of any planned or possible Chapter 11 filing.”