Caesars' new subsidiary to include Baltimore casino

Caesars Entertainment Corp. plans to create a new subsidiary into which it would transfer its interests in a new casino it is building in Baltimore and in its Planet Hollywood casino-hotel in Las Vegas.

The new entity, Caesars Growth Venture Partners, would also hold shares of Caesars’ interactive gaming division and $1.1 billion in notes, Caesars said in a federal filing on Tuesday. The filing came as the Las Vegas casino giant also announced it will issue $1.5 billion in notes to repay existing…