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Caesars Entertainment gets approvals from Illinois gaming board

Caesars Entertainment Corp. received necessary regulatory approvals from the Illinois gaming board in its ongoing efforts to complete the restructuring of its bankrupt unit Caesars Entertainment Operating Co.

The gaming board also issued the license needed to kick off the restructuring.

CEOC's restructuring is subject to the completion of the merger of Caesars Acquisition Co. with and into Caesars Entertainment, in addition to certain financing activities, and continuing oversight by the United States Bankruptcy Court, among other closing conditions.