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Caesars Becoming Weaker After Asset Sales

Caesars Entertainment continues to sell off assets, leaving its operating company in dire straits.

By Travis Hoium – Mar 14, 2014 at 11:30AM EST

Caesars Entertainment (CZR +0.00%) 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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About the Author

Travis Hoium
Travis Hoium is a contributing Motley Fool stock market analyst covering solar energy, technology, and growth stocks. Before The Motley Fool, Travis was a mechanical engineer at 3M and founded a virtual reality company. He holds a bachelor’s degree in mechanical engineering and a master’s degree in business administration from the University of Minnesota.
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