Caesars Entertainment has sold another $2.2 billion in properties to Caesars Growth Partners, a subsidiary it owns along with Caesars Acquisition Company . But selling assets does little to help Caesars Entertainment pay off $21.1 billion in debt. In fact, it'll be harder to pay back debt now that the "growth" assets are gone.
In the video below, contributor Travis Hoium covers some of this complex structure and why Caesars Entertainment isn't a stock investors should touch right now.
Find the next great growth stock
Operating in regional gaming will limit Caesars' growth, but there are still other great stock picks out there. In fact, Motley Fool co-founder David Gardner has proven the ability to pick great growth stocks time and time again with stock returns like 926%, 2,239%, and 4,371%. In fact, just recently one of his favorite stocks became a 100-bagger. And he's ready to do it again. You can uncover his scientific approach to crushing the market and his carefully chosen six picks for ultimate growth instantly, because he's making this premium report free for you today. Click here now for access.
The article Caesars Becoming Weaker After Asset Sales originally appeared on Fool.com.
Travis Hoium has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2014 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.