Caesars Entertainment (NASDAQ: CZR ) has sold another $2.2 billion in properties to Caesars Growth Partners, a subsidiary it owns along with Caesars Acquisition Company (NASDAQ: CACQ ) . But selling assets does little to help Caesars Entertainment pay off $21.1 billion in debt. In fact, it'll be harder to pay back debt now that the "growth" assets are gone.
In the video below, contributor Travis Hoium covers some of this complex structure and why Caesars Entertainment isn't a stock investors should touch right now.
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