Caesars sold interactive gaming unit for $4B to fund bankruptcy settlement
Max Frumes · Max Frumes and Sujeet Indap –Inside the Sausage Factory of the Caesar's Restructuring (Capital Allocators, EP.209) · Aug 16, 2021 · at 41:39
Max Frumes discusses the financial resolution of the Caesars bankruptcy with host Ted Seides.
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“The interactive gaming business that is just kind of chugging along wasn't even allowed to pursue online gambling and just wound up being sort of a not for gambling poker game on your cell phone with the world series of poker brand winds up becoming a four billion dollar business sold to a Chinese conglomerate that gives Caesars this huge pile of cash to then settle the case.”
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