Caesars Wins Bid to Move $20 Billion Bankruptcy to Chicago

Caesars Entertainment Operating Co. won a bid to have its bankruptcy heard in Chicago, where it might be easier to protect the casino operator’s owners from liability for the $20 billion insolvency case.

U.S. Bankruptcy Judge Kevin Gross in Wilmington, Delaware, Wednesday chose to move the case out of his court, where a group of lower-ranking creditors who oppose the reorganization had petitioned to force the unit into bankruptcy Jan. 12. Caesars filed its own petition in Chicago three days later.