Caesars subsidiary files bankruptcy reorganization plan; Harrah’s New Orleans won’t be affected _lowres

Harrah's New Orleans casino

Harrah’s New Orleans will not be affected by Caesars Entertainment Operating Co.’s reorganization filing in U.S. Bankruptcy Court, according to parent company Caesar’s Entertainment.

“Harrah’s New Orleans is open for business and continues to operate as usual. Harrah’s New Orleans is not owned by CEOC and is not part of its voluntary Chapter 11 filing,” Caesars Entertainment said in a news release.

The state’s only land-based casino accounts for the largest share of New Orleans-area gambling revenue. During the first 11 months of 2014, Harrah’s New Orleans brought in around $311.5 million in revenue, up from $307.1 million for the same period in 2013.

Harrah’s Louisiana Downs and Horseshoe Bossier City are included in the operating company’s reorganization filing. Horseshoe Tunica, Tunica Roadhouse and Harrah’s Gulf Coast in Mississippi are also part of the filing.

Caesars Entertainment Operating Co., a subsidiary of Caesars Entertainment, voluntarily filed a Chapter 11 reorganization plan. The operating company is restructuring in order to strengthen its finances, according to Caesars.All of Caesars Entertainment properties, including those owned or managed by the operating company, will continue to operate as usual