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black oak casino elevationCEOC’s many debtors ultimately agreed to transfer debt into equity in the new REIT.A leaner, meaner Caesars Entertainment is performing well post-bankruptcy reorganization.It was subsequently saddled with nearly billion in interest payments every year – which exceeded its cash generation – and has failed to be profitable ever since.With less exacting interest payments, cash flow increased dramatically, as the company narrowed its losses despite unfavorable conditions.That represents a 36 percent year-over-year increase.“Our first-quarter results exceeded our expectations, despite unfavorable year-over-year hold, several weather-related property closures and a shift in the Las Vegas convention calendar compared to the first quarter of last year,” said Frissora during Wednesday’s earnings call.live casino hotel zoominfo