Caesars Entertainment Corp. has been crafting a complex plan to use online gambling and a few other growth assets to pull itself out of a financial tight spot ? a tactic that could get a boost as New Jersey adopted a regulated market for Internet wagers. Perhaps counterintuitively, the first step in Caesars?s plan is to spin off its online gambling business to raise equity.
Source: http://gigalaw.com/2013/02/28/caesars-drafts-plan-for-online-gambling-business/
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