Caesars World Inc. has asked the New...
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Caesars World Inc. has asked the New Jersey Casino Control Commission to reconsider its rejection of the Los Angeles-based firm’s $1-billion recapitalization plan. The hotel-casino operator also said it was exploring other alternatives but declined to elaborate. There has been speculation that options include selling the company’s Atlantic City property or revising the recapitalization to make it palatable to New Jersey regulators, who feel that the current plan would burden the company with excessive debt, threaten its financial stability and entrench existing management.
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