| | A subsidiary of casino giant Caesars Entertainment Corp. said Thursday that it has filed for Chapter 11 bankruptcy protection in Chicago in an effort to shed more than half of its $18.4 billion debt burden. Caesar's has been negotiating with creditors and lenders for months on a reorganization plan that would turn the division into a real estate investment trust, promising creditors cash or new debt. The firm is still at odds with many of its creditors over the plan, the Wall Street Journal reports.
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