Caesars files SEC paperwork to sell up to $500M in stock

03/16/2012 | Las Vegas Review-Journal

Caesars Entertainment has informed the Securities and Exchange Commission that it wants to raise as much as $500 million via a public stock sale. "In its filing, Caesars said the money would be used for 'general corporate purposes,' which includes developing hotel-casino projects, capital expenditures for general maintenance, and debt retirement," Howard Stutz writes. No date has been set for the stock sale.

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