Casino operator Caesars Entertainment Corporation (CEC) is mulling getting back into the acquisition game after finally resolving its nearly three-year bankruptcy process.

CEC released its third-quarter earnings report this week, showing flat revenue of $986m, adjusted earnings up 12.6% to $303m while posting a net loss of $460m, thanks to $472m in adjustments related to the restructuring of its main unit, Caesars Entertainment Operating Co (CEOC), which finally emerged from bankruptcy protection last month.

CEC’s chief executive Mark Frissora credited a 10.4% improvement in gaming revenue at Caesars Palace Las Vegas for helping to offset between $10-15m of unfavorable year-on-year hold.

The restructuring of its troubled CEOC unit into two entities – a casino operation and a real estate investment trust – has left CEC with around $2b in cash on its balance sheet, money that rightfully belonged to CEOC’s junior creditors, but hey, that’s why pencils have erasers, right? Am I right? Anyone? Bueller?