• Pressure on Caesars

Hedge fund HG Vora has built a stake of close to 5% in casino operator Caesars Entertainment Corp. The move could herald pressure to split up the group, reports Reuters.

Caesars emerged from bankruptcy last year, after buckling under a USD25bn debt load. Other significant shareholders include hedge funds Canyon Capital Advisors and Senator Investment Group.

Read the full story here:

https://www.reuters.com/article/us-caesars-hgvora/hedge-fund-hg-vora-builds-caesars-stake-to-push-for-divestiture-or-sale-sources-idUSKCN1LS36U

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