Reed Smith, Skadden Advise as Caesars Shuffles Casinos

Caesars Entertainment is selling four casino properties in Las Vegas and New Orleans to one of its affiliates in a restructuring transaction worth $2.2 billion, including assumed debt and committed expenditures. Reed Smith is representing a special committee of Caesars' board while Skadden is advising a special committee of Caesars Acquisition Company's board.

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