Caesars Entertainment Corp. said its largest division won’t have enough cash to repay debts by the fourth quarter of 2015 if it can’t restructure its obligations through creditor negotiations or bankruptcy.

Caesars Entertainment Operating Co. burned through almost $550 million in the nine months through September 2014 and expects negative operating cash flows for the foreseeable future, according to a regulatory filing today by the Las Vegas- based casino operator.

“CEOC does not currently expect that its cash flows from operations will be sufficient to repay its indebtedness and will ultimately need to pursue additional debt or equity offerings or seek a refinancing, amendment, private restructuring or a reorganization under Chapter 11 of the Bankruptcy Code,” the company said in the filing.

Absent a restructuring, “these factors raise substantial doubt as to CEOC’s ability to continue as a going concern beyond the fourth quarter of 2015,” Caesars said.

Caesars, taken over in a $30.7 billion leveraged buyout at the peak of the market in 2008, has struggled to cope with a weak gambling revenue and high debt. The company has been in talks with some of its creditors about a restructuring.

Shares of Caesars rose 2 percent to $16.84 at 1:43 p.m. in New York. The stock had declined 23 percent this year as of yesterday.

To contact the reporters on this story: Christopher Palmeri in Los Angeles at cpalmeri1@bloomberg.net; Laura J. Keller in New York at lkeller22@bloomberg.net To contact the editors responsible for this story: Anthony Palazzo at apalazzo@bloomberg.net Rob Golum.

Photo Credit: The front of Caesars Palace casino in Las Vegas. RTRS / Flickr