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After 2 years, Caesars Entertainment Out of Bankruptcy

Caesars Entertainment announced Friday that after more than two years, it’s out of bankruptcy. 

The company’s merger with Caesars Acquisition Company is complete and the combined entity comes with a new board of directors. 

The new company has also sold most of its U.S.-based casino real estate to VICI Properties, Incorporated. 

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Caesars will rent the property from the investment trust, but still own and run the operations aspect of its gaming businesses. 

The company also announced expansion plans as it walks away from bankruptcy with $2 billion in cash.