CET sells 3 of their Vegas properties. Whats next?

Just saw this in LVRJ.

https://www.reviewjournal.com/business/caesars-sells-four-properties-including-three-las-vegas-strip-subsidiary

Ballys, The QUAD and the Cromwell are now going to a new owner? How, if any, does that effect my status from play at those properties ( especially since I'm staying at Ballys for 4 days during MM) versus other CET properties that will remain with CET?

My guess would be that there will be no effect. Note that the subsidiary (Caesars Growth Partners) already owns Planet Hollywood; also that Caesars Entertainment will continue to manage the 4 properties after the sale is finalized.

Champster: Lane is correct. It's a shell game that CET is playing. My pushing off three properties to a subsidiary, it appears they have less debt, which makes their credit rating (and, as such, ability to obtain loans) much better.

We *shouldn't* see any changes to room availability thru the TR site, but it does make me wonder if CET is looking to sell off 1, 2 or 3 of the properties in the next couple of years. That's purely speculation since there's no rhyme/reason for main CET to hold: Flamingo, Rio & C. Palace, but then put P. Ho, Bally's, Quad & Cromwell in a subsidiary. Unless they were trying to evenly distribute quality resorts with "value conscious" resorts.

I'm learning something everyday about this casino game!

Almost like voodoo economics."Now you see debt,now you don't".

Loveman is slowly but surely driving Caesars Entertainment into the ground. It's not IF a bankruptsy will happen, it's WHEN the bankruptsy will happen.

Caesars infamously sits atop the mountain of a major corporation with the highest debt in US history, reportedly at 21 BILLLON dollars and counting.

One day they will declare chapter 11 to reorganize and it will still be business as usual.