Caesars reinstates plan to sell stock to public

11/16/2011

NEW YORK — Caesars Entertainment Corp., one of the world’s biggest casino companies, is restarting its plans to go public a year after it canceled its initial public offering.

The Las Vegas company said Tuesday that it seeks to raise up to $50 million. Last November, company officials had hoped to raise as much as $532 million before the IPO was pulled, citing market conditions.

Caesars owns or operates 52 casinos in the United States and overseas as of Sept. 30. Its brands include Harrah’s, Caesars, and Horseshoe.