Keith Causey has been named the new chief accounting officer for Caesars Entertainment Corp., replacing Diane Wilfong, who left “to pursue another opportunity,” according to a release from the company.
??In an October 8 filing with the U.S. Securities and Exchange Commission, Caesars reported that a fund representing some Caesars bondholders says one of the company’s subsidiaries is in default on a portion of its borrowing after it pledged collateral to senior creditors, according to GGR Asia.??
Caesars is a joint-venture investor in a casino resort project to be located in Incheon, South Korea. It hopes to open the first phase of the property by 2018.
??“There are no disagreements between Wilfong and Caesars Entertainment regarding the company’s financial reporting, operations, policies or practices,” the release continued.??
Causey will oversee all corporate accounting and internal audit functions for the parent company. He joins Caesars from U.S. carmaker General Motors Corp., where he served as executive director, global business services, finance.
