The Caesars parent company, ostensibly to help it raise cash, sold off its more promising Las Vegas properties and intellectual property, at questionable prices, to entities controlled by its two owners. Despite the multiple complicated lawsuits and tortuous subplots, including an amusingly consequential fight over valuing Britney Spears’ residency at Planet Hollywood, most of the high drama revolves around a series of transactions orchestrated by Apollo and TPG.
