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Caesars Reorganization Back on Track After Lenders Reach Accord

Roulette wheel.
Photographer: Yoshikazu Tsuno /AFP via Getty Images

Creditors of Caesars Entertainment Operating Co. resolved a standoff that had threatened to scuttle a plan to bring the casino giant out of bankruptcy.

Senior lenders to the insolvent company dropped their objection to the terms of the plan after Caesars filed revisions on Friday in Chicago federal court.