Caesars Becoming Weaker After Asset Sales

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

NASDAQ: CZR

Caesars Entertainment

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

Caesars Entertainment (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.

Travis Hoium has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.