Caesars Entertainment Corporation (NASDAQ:CZR) Files An 8-K Other Events
Item8.01
| Other Events. |
On February28, 2017, senior management of Caesars Entertainment
Corporation (CEC) will begin using the investor
presentation attached as Exhibit 99.1 (the Investor
Presentation) to this report in connection with presentations
to existing and prospective investors, the first of which was
announced by CEC in a press release issued on February27, 2017.
The Investor Presentation is incorporated into this Item 8.01 by
reference and will also be available on CECs website at
investor.caesars.com.
Important Additional Information
to the Amended and Restated Agreement and Plan of Merger, dated
as of July9, 2016, between CEC and Caesars Acquisition Company
(CAC), as subsequently amended on February20, 2017, among
other things, CAC will merge with and into CEC, with CEC as the
surviving company (the Merger). In connection with the
Merger, CEC and CAC will file with the Securities and Exchange
Commission (the SEC) a Registration Statement on Form S-4
that will include a joint proxy statement/prospectus, as well as
other relevant documents concerning the proposed transaction.
Stockholders are urged to read the Registration Statement and
joint proxy statement/prospectus regarding the Merger when it
becomes available and any other relevant documents filed with the
SEC, as well as any amendments or supplements to those documents,
because they will contain important information. You will be able
to obtain a free copy of such joint proxy statement/prospectus,
as well as other filings containing information about CEC and
CAC, at the SECs website (www.sec.gov), from CEC Investor
Relations (investor.caesars.com) or from CAC Investor Relations
(investor.caesarsacquisitioncompany.com).
Forward-Looking Statements
This filing includes forward-looking statements intended to
qualify for the safe harbor from liability established by the
Private Securities Litigation Reform Act of 1995. You can
identify these statements by the fact that they do not relate
strictly to historical or current facts. These statements contain
words such as, will, would, expect, and propose or the negative
or other variations thereof or comparable terminology. In
particular, they include statements relating to, among other
things, the emergence from bankruptcy of Caesars Entertainment
Operating Company, Inc., a majority owned subsidiary of CEC
(CEOC) and the expected timing thereof, future actions
that may be taken by CEC and others with respect thereto, the
completion of the Merger and the financial position and actions
of CEC post-emergence. These forward-looking statements are based
on current expectations and projections about future events.
You are cautioned that forward-looking statements are not
guarantees of future performance or results and involve risks and
uncertainties that cannot be predicted or quantified and,
consequently, the actual performance of CEC may differ materially
from those expressed or implied by such forward-looking
statements. Such risks and uncertainties include, but are not
limited to, the following factors, as well as other factors
described from time to time in our reports filed with the SEC:
CECs and CEOCs ability (or inability) to meet any milestones or
other conditions set forth in their restructuring support
agreements, CECs and CEOCs ability (or inability) to satisfy the
conditions to the effectiveness of the Third Amended Joint Plan
of Reorganization of CEOC and its Chapter 11 debtor subsidiaries,
CECs ability (or inability) to secure additional liquidity to
meet its ongoing obligations and its commitments to support the
CEOC restructuring as necessary, CECs financial obligations
exceeding or becoming due earlier than what is currently forecast
and other risks associated with the CEOC restructuring and
related litigation.
You are cautioned to not place undue reliance on these
forward-looking statements, which speak only as of the date of
this filing. CEC undertakes no obligation to publicly update or
release any revisions to these forward-looking statements to
reflect events or circumstances after the date of this filing or
to reflect the occurrence of unanticipated events, except as
required by law.
| Item9.01 | Financial Statements and Exhibits. |
| (d) |
Exhibits. The following exhibit is being filed herewith: |
|
Exhibit No. |
Description |
|
| 99.1 | Investor Presentation |
2
About Caesars Entertainment Corporation (NASDAQ:CZR)
Caesars Entertainment Corporation (Caesars) is a holding company. The Company offers casino-entertainment and hospitality services. It operates through three segments: Caesars Entertainment Resort Properties (CERP), Caesars Growth Partners Casino Properties and Developments (CGP Casinos) and Caesars Interactive Entertainment, Inc. (CIE). The Company’s facilities include gaming offerings, food and beverage outlets, hotel and convention space, and non-gaming entertainment options. In addition to its brick and mortar assets, it operates an online gaming business that provides social and mobile games offerings that utilize virtual currency, as well as real money games in certain jurisdictions. The Company owns CERP and an interest in Caesars Growth Partners, LLC (CGP). Through its consolidated entities, it owns and operates approximately 10 casinos in the United States, with over one million square feet of gaming space and over 23,000 hotel rooms. Caesars Entertainment Corporation (NASDAQ:CZR) Recent Trading Information
Caesars Entertainment Corporation (NASDAQ:CZR) closed its last trading session up +0.30 at 9.45 with 1,527,367 shares trading hands.