Caesars unit seeking $3.8 billion cash to exit bankruptcy

Caesars Entertainment Corp's main casino operating unit has begun a process to raise up to $3.8 billion of cash needed to exit a contentious two-year bankruptcy, according to a court filing late Wednesday. Caesars Entertainment Operating Co Inc (CEOC) filed for Chapter 11 protection in January 2015 with $18 billion of debt and allegations by creditors that its parent looted the unit prior to the bankruptcy. The Caesars parent has promised to contribute some $5 billion to CEOC's reorganization pl