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Bankruptcy Court Denies Caesars Entertainment's Quick Appeal

LAS VEGAS (AP) — A bankruptcy court that ruled lawsuits against Caesars Entertainment Corp. would not be halted as the company's debt-heavy subsidiary attempts to emerge from Chapter 11 has also denied the casino company's effort to fast-track an appeal of the decision to a higher court.

The order was denied Wednesday in Judge Benjamin Goldgar's federal courtroom in Chicago according to court records.

A Caesars Entertainment attorney has argued the fate of its bankrupt operations subsidiary and its own financial well-being are at risk if creditor lawsuits seeking billions of dollars in claims proceeds.

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The creditors suing Caesars allege the company robbed its subsidiary of valuable assets and left them without a guarantee on their investments.

Caesars Entertainment Corp. has argued the litigation puts Caesars Entertainment Corp. at risk of filing bankruptcy itself.