New Jersey’s Division of Gaming Enforcement has...

New Jersey’s Division of Gaming Enforcement has conditionallyapproved Caesars World Inc.’s $1-billion recapitalization plan. The state Casino Control Commission must still decide whether to allow Caesars, based in Las Vegas, to go through with the plan, which calls for the company to pay a one-time dividend of $26.25 a share to nearly all stockholders by borrowing almost $1 billion. The plan was developed to fend off an unfriendly takeover attempt by investor Martin Sosnoff.