Caesars Entertainment Corporation (NASDAQ:CZR) Files An 8-K Other Events

Item8.01 Other Events.

On April4, 2017, Caesars Entertainment Corporation (CEC)
issued a press release announcing the pricing of $1.435billion of
senior secured credit facilities for Caesars Entertainment
Operating Company, Inc., a majority owned subsidiary of CEC
(CEOC), consisting of a $1.235billion seven-year senior
secured term loan facility and a $200million five-year senior
secured revolving credit facility. A copy of the press release is
attached hereto as Exhibit 99.1 and is incorporated into this
report by reference.

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 and by the use of words
such as, will, anticipated, and proposed 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 CEOC and the expected timing thereof, future
actions that may be taken by CEC and others with respect thereto,
and the completion of the Merger (as defined below). 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 and results of CEC and CEOC
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: the Merger may not be consummated or one or more events,
changes or other circumstances that could occur that could give
rise to the termination of the Merger Agreement (as defined
below), 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.

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 (as
amended, the Merger Agreement), 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
filed with the Securities and Exchange Commission (the
SEC) a registration statement on Form S-4 that includes a
preliminary joint proxy statement/prospectus, as well as other
relevant documents concerning the proposed transaction. The
registration statement has not yet become effective. After the
registration statement is declared effective by the SEC, a
definitive joint proxy statement/prospectus will be mailed to
stockholders of CEC and CAC. Stockholders are urged to read the
registration statement and joint proxy statement/prospectus
regarding the Merger 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).

The information in this communication is for informational
purposes only and is neither an offer to purchase, nor a
solicitation of an offer to sell, subscribe for or buy any
securities or the solicitation of any vote or approval in any
jurisdiction to or in connection with the proposed transactions
or otherwise, nor shall there be any sale, issuance or transfer
of securities in any jurisdiction in contravention of applicable
law. No offer of securities shall be made except by means of a
prospectus meeting the requirements of Section10 of the
Securities Act of 1933, as amended, and otherwise in accordance
with applicable law.

CEC, CAC and their respective directors, executive officers and
certain other members of management and employees may be
soliciting proxies from CEC and CAC stockholders in favor of the
business combination transaction. Information regarding the
persons who may, under the rules of the SEC, be considered
participants in the solicitation of the CEC and CAC stockholders
in connection with the proposed business combination transaction
is set forth in the joint proxy statement/prospectus filed with
the SEC on March13, 2017 and Amendment No.1 to the Annual Report
on Form 10-K for CACs fiscal year ended December31, 2016, filed
on March31, 2017, respectively. You can obtain free copies of
these documents from CEC and CAC in the manner set forth above.

Item9.01 Financial Statements and Exhibits.

(d) Exhibits. The following exhibit is being filed
herewith:

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 00.00 at 9.40 with 714,981 shares trading hands.