Ohio casino regulators dig into debt woes at Horseshoe Cincinnati operator Caesar's Entertainment

Regulator: Caesar's restructuring too opaque

An Ohio casino regulator questioned the transparency of Caesar’s Entertainment Corp.’s debt restructuring strategies Thursday, prompting the Ohio Casino Control Commission to adjourn to executive session to hear additional detail from the Las Vegas –based company that operates Horseshoe Casino Cincinnati.

“It’s all confusing,” said Martin Hoke, a former Cleveland-area Congressman who was appointed to the regulatory panel in 2011. “It’s so confusing as to raise reasonable questions in the minds of reasonable people that it’s intended to be confusing to create opaqueness rather than clarity.”

After a 30 minute executive session, Hoke raised no further objections and Ohio Casino Control Commission Executive Director Matt Schuler said Caesar's debt woes are unlikely to impact its Ohio properties.

WCPO Insiders can get exclusive coverage on the meeting from the only news organization that attended: WCPO.

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