Caesars appoints new chief accountant

Oct 13, 2014 Newsdesk Industry Talk, Latest News, World  

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Caesars Entertainment Corp has appointed Keith Causey as chief accounting officer.

He replaces Diane Wilfong, who has left the company “to pursue another opportunity”, Caesars said in a press release.

The company added: “There are no disagreements between Wilfong and Caesars Entertainment regarding the company’s financial reporting, operations, policies or practices.”

Caesars said on October 8 in a filing to the U.S. Securities and Exchange Commission that a fund representing a group of Caesars bondholders has declared that one of the company’s subsidiaries is in default on a portion of its borrowing after it pledged collateral to senior creditors.

Caesars is a joint venture investor in a planned casino resort at Incheon, South Korea. It hopes to open the first phase of the venue by 2018.

Mr Causey will have responsibility over all corporate accounting and internal audit functions for the parent. He joins Caesars from U.S. carmaker General Motors Corp, where he served as executive director, global business services – finance.

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