Caesars Entertainment Corp. won a temporary halt to potentially crippling court rulings in bondholder lawsuits that accuse the company of unfairly reneging on a promise to repay billions of dollars in debt.

U.S. Bankruptcy Judge A. Benjamin Goldgar granted a request by the casino giant's bankrupt operating unit, Caesars Entertainment Operating Co., or CEOC, to suspend cases in New York and Delaware while the unit seeks to finish reorganizing. 

The freeze, which expires Aug. 29, is "much shorter" than what the company requested, Goldgar said at a hearing Wednesday in Chicago federal court. Any chance of renewing it "will be slim," he added.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.