Caesars may spin off its online gambling business

02/28/2013 | Wall Street Journal, The

Caesars Entertainment is planning to spin off its online gambling business to help the company manage its debt and boost its equity. "We believe it will further improve our liquidity and credit profile, enhance our distribution network and provide additional support for potential new ventures," Caesars Chief Executive Gary Loveman said.

View Full Article in:

Wall Street Journal, The

Published in Brief: