Caesars Entertainment starting talks with banks

Published October 17, 2014 7:41pm ET



NEW YORK (AP) — Casino operator Caesars Entertainment said Friday that it is prepared to start formal discussions with some of its bank lenders as it works to reduce its debt.

The company said it entered non-disclosure agreements with some banks that have loaned it money. Caesars is working to reduce leverage and revamp its capital structure. In September the Las Vegas company started negotiations with other creditors.

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