Caesars May Sell Mobile, Social Games Unit For $4 Billion: Reports
Two months after a court-ordered bankruptcy examiner said casino company Caesars Entertainment Corp. could be liable for up to $5.1 billion in damages, its affiliate Caesars Acquisition Co. is said to be considering the sale of its Interactive Entertainment, Inc. unit.
The company has reportedly received bids that value the social and mobile gaming business at about $4 billion. The sale, if it happens, could provide the group with much-needed cash.