Summary Box: Caesars restarts its IPO plans

AP News
Posted: Nov 15, 2011 11:46 AM
Summary Box: Caesars restarts its IPO plans

REVVING UP: Caesars Entertainment disclosed in a regulatory filing on Tuesday that it plans to go public. The announcement came about a year after one of the world's biggest casino companies canceled its initial public offering.

CASHING IN: Caesars seeks to raise up to $50 million. Last November, it had hoped to raise as much as $532 million before it pulled its IPO, citing market conditions.

PARING DEBT: The Las Vegas company's IPO has been viewed in part as a way to alleviate its debt load. Caesars had total long-term debt of $19.62 billion as of Sept. 30, according to the filing.