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Caesars Judge Refuses to Set Date for Reorganization Showdown

Caesars Entertainment Operating Co. was denied a quick hearing on an outline of its reorganization proposal, which would have been the first step in a protracted courtroom showdown between the casino company and low-ranking creditors.

It’s too early to hold a hearing on whether the plan description contains enough information for creditors to decide how to vote on the proposal, U.S. Bankruptcy Judge Benjamin Goldgar said Wednesday in a hearing in Chicago.

The company’s so-called disclosure statement “has blanks in it,” Goldgar said. As one reason for denying approval...