Is Caesars About to Become One of the Walking Dead?

Caesars Entertainment is facing potential bankruptcy due to its significant debt issues, which began after being acquired by TPG and Apollo in the late 2000s. The company has consistently lost money since 2009, with negative cash flow and rising interest expenses. Investors' concerns are reflected in the increasing credit default swaps. Caesars has divided itself into three parts, with only the operating company likely to file for bankruptcy. The outcome depends on ongoing negotiations with creditors.

What role do credit default swaps play in assessing Caesars Entertainment's financial situation?

What steps is Caesars Entertainment currently taking regarding its creditors?