New York investor Martin Sosnoff saidhe reduced his stake in Caesars World Inc common stock to
3,878,700 shares, or 16 pct of the company's common stock
outstanding, from about 17.4 pct.
    Sosnoff, who tried unsuccessfully to acquire Caesars World
earlier this year, said in a filing with the Securities and
Exchange Commission that he sold 338,975 Caesars World shares
on October 15 and 16 at 22.50 dlrs to 25.25 dlrs a share.
    Sosnoff said he holds his Caesars World stock "primarily
for investment purposes". He also said he reserves the right to
alter his intentions at any time.
 Reuter
