UPDATE 1-Caesars offers to contribute $4 bln as part of unit's bankruptcy plan
May 18, 2016 at 15:58 PM EDT
CHICAGO, May 18 (Reuters) - A new proposal for the bankrupt operating unit of Caesars Entertainment Corp to emerge from Chapter 11 includes a $4 billion contribution from its parent, a lawyer for the unit told a U.S. Bankruptcy judge on Wednesday.