Caesars World took over the next year under a 25-year lease, with options to extend it another 50 years.

Caesars World, the day's most active issue, at nearly 3.4 million shares, fell 5/8, to 27 7/8.

Golden Nugget holds a 6.4 percent stake in Caesars World.

Caesars World expects to report sharply reduced earnings for the quarter.

A spokesman for Caesars World said that it would have no comment.

Caesars World was well received on Wall Street after announcing a recapitalization plan.

The company soon shed its restaurant operations and changed its name to Caesars World.

And bonds of Caesars World were also down slightly, to $103.25.

Caesars World, it seems, got slaughtered at the baccarat tables.

Even for this one, the casino connection is strong because Caesars World has given a majority of the $400 seats to its regular customers.