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Casinos & Gaming

US watchdog raises concern over Caesars creditor deal

A lawyer for the U.S. government’s bankruptcy watchdog raised concerns in court on Wednesday over Caesars Entertainment Corp.’s $5 billion creditor deal to push its main unit out of Chapter 11, even as hold-out creditors appeared closer to backing the agreement.

Packer voices concerns after detention of Australians

The major shareholder in Australia’s largest casino operator voiced concerns on Tuesday after the Chinese government announced that a senior executive and two other Australians had been detained in an investigation of suspected gambling crimes, in an apparent crackdown on overseas tours for high rollers.