Caesars Becoming Weaker After Asset Sales
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.
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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.
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