Fri Dec 19, 2014 4:07pm EST
Dec 19 (Reuters) - Caesars Entertainment Operating Co (CEOC), the main operating unit of Caesars Entertainment Corp , said it would file for Chapter 11 bankruptcy protection by mid-next month as it tries to cut its burgeoning debt.
The proposed transactions will reduce CEOC's debt to $8.6 billion from about $18.4 billion, the company said. (Reporting by Sagarika Jaisinghani in Bengaluru; Editing by Joyjeet Das)
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