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Caesars Entertainment debt is $25.6 billion

New Jersey casino regulators on Friday laid out in gruesome detail the dismal financial condition of Caesars Entertainment Operating Corp., which owns Bally's and Caesars in Atlantic City, as well as Harrah's Philadelphia in Chester and dozens more nationally.

Slots machines at Harrah's Philadelphia. (File Photo: David Maialetti / Staff Photographer)
Slots machines at Harrah's Philadelphia. (File Photo: David Maialetti / Staff Photographer)Read moreDavid Maialetti
    Inquirer
    Published 

New Jersey casino regulators on Friday laid out in gruesome detail the dismal financial condition of Caesars Entertainment Operating Corp., which owns Bally's and Caesars in Atlantic City, as well as Harrah's Philadelphia in Chester and dozens more nationally.

The company is a unit of the debt-laden Caesars Entertainment Corp., which had debt totaling $25.6 billion on June 30.

The New Jersey Division of Gaming Enforcement filing, part of a licensing process, said that Caesars Entertainment Operating Corp. accounted for $18.4 billion of that total.

Last year, the company's shortfall between operating income and interest expense was $601 million. This year the shortfall is expected to be $862 million.

- Harold Brubaker

    Inquirer