Condensed Consolidating Financial Information of Guarantors and Issuers (Tables)

12 Months Ended

Dec. 31, 2012

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Consolidating Balance Sheet

CAESARS ENTERTAINMENT CORPORATION

CONDENSED CONSOLIDATING BALANCE SHEET

DECEMBER 31, 2012

(In millions)

	CEC (Parent Guarantor)			Subsidiary Issuer			Subsidiary Guarantors of Parent and Subsidiary Guaranteed Debt (a)		Subsidiary Non-Guarantors of Parent and Subsidiary Guaranteed Debt (b)		Subsidiary Non-Guarantors of Parent-Only Guaranteed Debt (a) + (b)		Consolidating/ Eliminating Adjustments			Total
Assets
Current assets
Cash and cash equivalents	$	7.4		$	911.9		$	353.8	$	484.4	$	838.2	$	—		$	1,757.5
Restricted cash	—			—			—		833.6		833.6		—			833.6
Receivables, less allowance for doubtful accounts	0.1			19.5			348.0		212.9		560.9		—			580.5
Deferred income taxes	—			17.4			75.7		21.8		97.5		—			114.9
Prepayments and other current assets	5.0			8.3			66.8		69.9		136.7		—			150.0
Inventories	—			0.3			31.7		20.0		51.7		—			52.0
Intercompany receivables	29.6			295.5			136.8		97.2		234.0		(559.1		)	—
Assets held for sale	—			—			—		5.1		5.1		—			5.1
Total current assets	42.1			1,252.9			1,012.8		1,744.9		2,757.7		(559.1		)	3,493.6
Property and equipment, net of accumulated depreciation	—			189.9			8,534.6		6,977.2		15,511.8		—			15,701.7
Goodwill	—			—			1,331.0		1,829.3		3,160.3		—			3,160.3
Intangible assets other than goodwill	—			4.2			3,183.0		798.5		3,981.5		—			3,985.7
Investments in subsidiaries	—			11,669.6			920.3		790.7		1,711.0		(13,380.6		)	—
Investments in and advances to non-consolidated affiliates	—			—			3.0		97.4		100.4		—			100.4
Restricted cash	—			—			—		364.6		364.6		—			364.6
Deferred charges and other	7.5			298.4			184.8		236.6		421.4		(6.7		)	720.6
Intercompany receivables	563.1			1,089.6			585.9		153.8		739.7		(2,392.4		)	—
Assets held for sale	—			—			—		471.2		471.2		—			471.2
	$	612.7		$	14,504.6		$	15,755.4	$	13,464.2	$	29,219.6	$	(16,338.8	)	$	27,998.1
Liabilities and Stockholders’ (Deficit)/Equity
Current liabilities
Accounts payable	$	3.9		$	75.9		$	156.5	$	139.9	$	296.4	$	—		$	376.2
Interest payable	—			176.0			0.4		57.3		57.7		—			233.7
Accrued expenses	3.7			164.7			434.7		491.6		926.3		—			1,094.7
Current portion of long-term debt	—			126.2			10.7		743.0		753.7		—			879.9
Intercompany payables	15.9			88.1			284.8		170.3		455.1		(559.1		)	—
Liabilities held for sale	—			—			—		3.8		3.8		—			3.8
Total current liabilities	23.5			630.9			887.1		1,605.9		2,493.0		(559.1		)	2,588.3
Long-term debt	—			15,257.0			64.8		6,122.9		6,187.7		(912.5		)	20,532.2
Accumulated losses of subsidiaries in excess of investment	925.4			—			—		—		—		(925.4		)	—
Deferred credits and other	4.1			535.0			160.2		123.7		283.9		—			823.0
Deferred income taxes	—			422.6			2,188.9		1,714.7		3,903.6		7.9			4,334.1
Intercompany payables	55.0			614.5			871.7		851.2		1,722.9		(2,392.4		)	—
Liabilities held for sale	—			—			—		52.1		52.1		—			52.1
	1,008.0			17,460.0			4,172.7		10,470.5		14,643.2		(4,781.5		)	28,329.7
Total Caesars stockholders’ (deficit)/equity	(395.3		)	(2,955.4		)	11,582.7		2,913.6		14,496.3		(11,557.3		)	(411.7		)
Non-controlling interests	—			—			—		80.1		80.1		—			80.1
Total (deficit)/equity	(395.3		)	(2,955.4		)	11,582.7		2,993.7		14,576.4		(11,557.3		)	(331.6		)
	$	612.7		$	14,504.6		$	15,755.4	$	13,464.2	$	29,219.6	$	(16,338.8	)	$	27,998.1

CAESARS ENTERTAINMENT CORPORATION

CONDENSED CONSOLIDATING BALANCE SHEET

DECEMBER 31, 2011

(In millions)

	CEC (Parent Guarantor)		Subsidiary Issuer			Subsidiary Guarantors of Parent and Subsidiary Guaranteed Debt (a)		Subsidiary Non-Guarantors of Parent and Subsidiary Guaranteed Debt (b)		Subsidiary Non-Guarantors of Parent-Only Guaranteed Debt (a) + (b)		Consolidating/ Eliminating Adjustments			Total
Assets
Current assets
Cash and cash equivalents	$	3.9	$	16.6		$	372.5	$	498.2	$	870.7	$	—		$	891.2
Restricted cash	—		—			—		66.6		66.6		—			66.6
Receivables, less allowance for doubtful accounts	—		38.0			314.7		135.7		450.4		—			488.4
Deferred income taxes	—		37.9			117.7		14.9		132.6		—			170.5
Prepayments and other current assets	—		8.4			76.2		75.8		152.0		—			160.4
Inventories	—		0.4			27.9		16.3		44.2		—			44.6
Intercompany receivables	15.7		237.7			135.6		108.7		244.3		(497.7		)	—
Assets held for sale	—		—			11.6		3.9		15.5		—			15.5
Total current assets	19.6		339.0			1,056.2		920.1		1,976.3		(497.7		)	1,837.2
Property and equipment, net of accumulated depreciation	—		205.6			9,499.8		6,780.2		16,280.0		—			16,485.6
Goodwill	—		—			1,526.2		1,834.2		3,360.4		—			3,360.4
Intangible assets other than goodwill	—		4.9			3,524.2		834.1		4,358.3		—			4,363.2
Investments in subsidiaries	535.8		13,568.0			886.8		882.9		1,769.7		(15,873.5		)	—
Investments in and advances to non-consolidated affiliates	—		—			4.2		90.0		94.2		—			94.2
Restricted cash	—		—			—		451.1		451.1		—			451.1
Deferred charges and other	5.0		324.9			182.9		233.4		416.3		—			746.2
Intercompany receivables	469.0		1,102.8			586.0		98.7		684.7		(2,256.5		)	—
Assets held for sale	—		—			593.4		584.3		1,177.7		—			1,177.7
	$	1,029.4	$	15,545.2		$	17,859.7	$	12,709.0	$	30,568.7	$	(18,627.7	)	$	28,515.6
Liabilities and Stockholders’ Equity/(Deficit)
Current liabilities
Accounts payable	$	0.2	$	99.3		$	102.2	$	88.4	$	190.6	$	—		$	290.1
Interest payable	—		174.0			0.8		16.6		17.4		—			191.4
Accrued expenses	7.5		136.3			463.4		460.2		923.6		—			1,067.4
Current portion of long-term debt	—		20.2			7.0		13.2		20.2		—			40.4
Intercompany payables	15.0		67.9			264.8		150.0		414.8		(497.7		)	—
Liabilities held for sale	—		—			10.1		3.4		13.5		—			13.5
Total current liabilities	22.7		497.7			848.3		731.8		1,580.1		(497.7		)	1,602.8
Long-term debt	—		14,446.3			69.8		6,100.7		6,170.5		(857.3		)	19,759.5
Deferred credits and other	—		612.5			166.0		123.2		289.2		—			901.7
Deferred income taxes	—		647.7			2,558.8		1,925.4		4,484.2		—			5,131.9
Intercompany payables	—		420.2			871.7		964.6		1,836.3		(2,256.5		)	—
Liabilities held for sale	—		—			—		66.3		66.3		—			66.3
	22.7		16,624.4			4,514.6		9,912.0		14,426.6		(3,611.5		)	27,462.2
Total Caesars stockholders’ equity/(deficit)	1,006.7		(1,079.2		)	13,345.1		2,750.3		16,095.4		(15,016.2		)	1,006.7
Non-controlling interests	—		—			—		46.7		46.7		—			46.7
Total equity/(deficit)	1,006.7		(1,079.2		)	13,345.1		2,797.0		16,142.1		(15,016.2		)	1,053.4
	$	1,029.4	$	15,545.2		$	17,859.7	$	12,709.0	$	30,568.7	$	(18,627.7	)	$	28,515.6

Condensed Consolidating Statement of Comprehensive Income/(Loss)

CAESARS ENTERTAINMENT CORPORATION

CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME/(LOSS)

FOR THE YEAR ENDED DECEMBER 31, 2012

(In millions)

	CEC (Parent Guarantor)			Subsidiary Issuer			Subsidiary Guarantors of Parent and Subsidiary Guaranteed Debt (a)			Subsidiary Non-Guarantors of Parent and Subsidiary Guaranteed Debt (b)			Subsidiary Non-Guarantors of Parent-Only Guaranteed Debt (a) + (b)			Consolidating/ Eliminating Adjustments			Total
Revenues
Casino	$	—		$	53.9		$	3,875.5		$	2,317.5		$	6,193.0		$	—		$	6,246.9
Food and beverage	—			12.5			812.8			684.8			1,497.6			—			1,510.1
Rooms	—			17.8			626.3			561.4			1,187.7			—			1,205.5
Management fees	—			3.9			56.2			11.6			67.8			(24.4		)	47.3
Other	—			54.0			375.5			580.3			955.8			(180.4		)	829.4
Less: casino promotional allowances	—			(19.0		)	(744.3		)	(489.2		)	(1,233.5		)	—			(1,252.5		)
Net revenues	—			123.1			5,002.0			3,666.4			8,668.4			(204.8		)	8,586.7
Operating expenses
Direct
Casino	—			37.7			2,204.8			1,313.5			3,518.3			—			3,556.0
Food and beverage	—			5.9			330.9			323.3			654.2			—			660.1
Rooms	—			1.7			140.4			155.5			295.9			—			297.6
Property, general, administrative, and other	—			23.5			1,165.8			1,073.2			2,239.0			(158.7		)	2,103.8
Depreciation and amortization	—			6.7			445.4			263.4			708.8			—			715.5
Write-downs, reserves, and project opening costs, net of recoveries	15.0			12.1			57.1			22.0			79.1			—			106.2
Intangible and tangible asset impairment charges	—			—			1,064.7			3.0			1,067.7			—			1,067.7
Loss on interests in non-consolidated affiliates	—			—			0.5			17.0			17.5			—			17.5
Loss/(income) on interests in subsidiaries	1,464.3			460.8			(6.6		)	—			(6.6		)	(1,918.5		)	—
Corporate expense	28.2			126.1			32.0			54.9			86.9			(46.2		)	195.0
Acquisition and integration costs	—			4.8			—			1.3			1.3			—			6.1
Amortization of intangible assets	—			0.7			102.3			71.6			173.9			—			174.6
Total operating expenses	1,507.5			680.0			5,537.3			3,298.7			8,836.0			(2,123.4		)	8,900.1
(Loss)/income from operations	(1,507.5		)	(556.9		)	(535.3		)	367.7			(167.6		)	1,918.6			(313.4		)
Interest expense, net of interest capitalized	(1.0		)	(1,934.2		)	(55.5		)	(337.6		)	(393.1		)	227.0			(2,101.3		)
Gains on early extinguishments of debt	—			—			—			136.0			136.0			—			136.0
Other income, including interest income	18.3			79.2			21.2			159.0			180.2			(252.2		)	25.5
(Loss)/income from continuing operations before income taxes	(1,490.2		)	(2,411.9		)	(569.6		)	325.1			(244.5		)	1,893.4			(2,253.2		)
Benefit/(provision) for income taxes	9.1			732.0			174.4			(88.5		)	85.9			43.5			870.5
(Loss)/income from continuing operations, net of income taxes	(1,481.1		)	(1,679.9		)	(395.2		)	236.6			(158.6		)	1,936.9			(1,382.7		)
Discontinued operations
Income/(loss) from discontinued operations	—			—			62.1			(121.5		)	(59.4		)	—			(59.4		)
(Provision)/benefit for income taxes	—			—			(29.1		)	13.7			(15.4		)	(34.7		)	(50.1		)
Income/(loss) from discontinued operations, net of income taxes	—			—			33.0			(107.8		)	(74.8		)	(34.7		)	(109.5		)
Net (loss)/income	(1,481.1		)	(1,679.9		)	(362.2		)	128.8			(233.4		)	1,902.2			(1,492.2		)
Less: net income attributable to non-controlling interests	—			—			—			(5.3		)	(5.3		)	—			(5.3		)
Net (loss)/income attributable to Caesars	(1,481.1		)	(1,679.9		)	(362.2		)	123.5			(238.7		)	1,902.2			(1,497.5		)
Other comprehensive income/(loss), net of income taxes:
Total other comprehensive (loss)/income, net of income taxes	—			(25.0		)	—			(45.0		)	(45.0		)	96.6			26.6
Less: foreign currency translation adjustments attributable to non-controlling interests, net of income taxes	—			—			—			(1.1		)	(1.1		)	—			(1.1		)
Comprehensive (loss)/income attributable to Caesars	$	(1,481.1	)	$	(1,704.9	)	$	(362.2	)	$	77.4		$	(284.8	)	$	1,998.8		$	(1,472.0	)

CAESARS ENTERTAINMENT CORPORATION

CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME/(LOSS)

FOR THE YEAR ENDED DECEMBER 31, 2011

(In millions)

	CEC (Parent Guarantor)			Subsidiary Issuer			Subsidiary Guarantors of Parent and Subsidiary Guaranteed Debt (a)			Subsidiary Non-Guarantors of Parent and Subsidiary Guaranteed Debt (b)			Subsidiary Non-Guarantors of Parent-Only Guaranteed Debt (a) + (b)			Consolidating/ Eliminating Adjustments			Total
Revenues
Casino	$	—		$	62.6		$	3,952.2		$	2,379.7		$	6,331.9		$	—		$	6,394.5
Food and beverage	—			14.2			820.7			673.5			1,494.2			—			1,508.4
Rooms	—			16.7			605.8			570.6			1,176.4			—			1,193.1
Management fees	—			—			66.1			3.0			69.1			(33.3		)	35.8
Other	—			46.5			380.0			393.1			773.1			(145.5		)	674.1
Less: casino promotional allowances	—			(19.0		)	(725.6		)	(488.0		)	(1,213.6		)	—			(1,232.6		)
Net revenues	—			121.0			5,099.2			3,531.9			8,631.1			(178.8		)	8,573.3
Operating expenses
Direct
Casino	—			40.9			2,243.8			1,333.4			3,577.2			—			3,618.1
Food and beverage	—			6.7			337.8			314.9			652.7			—			659.4
Rooms	—			2.0			133.3			150.9			284.2			—			286.2
Property, general, administrative, and other	—			54.2			1,235.7			937.5			2,173.2			(140.5		)	2,086.9
Depreciation and amortization	—			6.8			427.5			243.8			671.3			—			678.1
Write-downs, reserves, and project opening costs, net of recoveries	—			46.6			24.6			2.6			27.2			—			73.8
Intangible and tangible asset impairment charges	—			—			11.0			21.8			32.8			—			32.8
Loss on interests in non-consolidated affiliates	—			—			1.8			6.1			7.9			—			7.9
Loss/(income) on interests in subsidiaries	693.4			(421.9		)	(44.7		)	—			(44.7		)	(226.8		)	—
Corporate expense	22.7			98.4			22.3			47.7			70.0			(38.3		)	152.8
Acquisition and integration costs	0.1			1.0			1.1			2.1			3.2			—			4.3
Amortization of intangible assets	—			0.7			93.6			62.4			156.0			—			156.7
Total operating expenses	716.2			(164.6		)	4,487.8			3,123.2			7,611.0			(405.6		)	7,757.0
(Loss)/income from operations	(716.2		)	285.6			611.4			408.7			1,020.1			226.8			816.3
Interest expense, net of interest capitalized	—			(1,953.3		)	(50.2		)	(328.6		)	(378.8		)	209.8			(2,122.3		)
Gains on early extinguishments of debt	—			—			—			47.9			47.9			—			47.9
Other income, including interest income	25.5			70.7			17.6			134.2			151.8			(222.7		)	25.3
(Loss)/income from continuing operations before income taxes	(690.7		)	(1,597.0		)	578.8			262.2			841.0			213.9			(1,232.8		)
Benefit/(provision) for income taxes	3.1			776.8			(215.3		)	(46.0		)	(261.3		)	16.1			534.7
(Loss)/income from continuing operations, net of income taxes	(687.6		)	(820.2		)	363.5			216.2			579.7			230.0			(698.1		)
Discontinued operations
Income/(loss) from discontinued operations	—			—			75.3			(16.1		)	59.2			—			59.2
(Provision)/benefit for income taxes	—			—			(13.4		)	1.7			(11.7		)	(16.1		)	(27.8		)
Income/(loss) from discontinued operations, net of income taxes	—			—			61.9			(14.4		)	47.5			(16.1		)	31.4
Net (loss)/income	(687.6		)	(820.2		)	425.4			201.8			627.2			213.9			(666.7		)
Less: net income attributable to non-controlling interests	—			—			—			(20.9		)	(20.9		)	—			(20.9		)
Net (loss)/income attributable to Caesars	(687.6		)	(820.2		)	425.4			180.9			606.3			213.9			(687.6		)
Other comprehensive income/(loss), net of income taxes:
Total other comprehensive income/(loss), net of income taxes	—			112.9			—			(39.2		)	(39.2		)	—			73.7
Less: foreign currency translation adjustments attributable to non-controlling interests, net of income taxes	—			—			—			(1.3		)	(1.3		)	—			(1.3		)
Comprehensive (loss)/income attributable to Caesars	$	(687.6	)	$	(707.3	)	$	425.4		$	140.4		$	565.8		$	213.9		$	(615.2	)

CAESARS ENTERTAINMENT CORPORATION

CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME/(LOSS)

FOR THE YEAR ENDED DECEMBER 31, 2010

(In millions)

	CEC (Parent Guarantor)			Subsidiary Issuer			Subsidiary Guarantors of Parent and Subsidiary Guaranteed Debt (a)			Subsidiary Non-Guarantors of Parent and Subsidiary Guaranteed Debt (b)			Subsidiary Non-Guarantors of Parent-Only Guaranteed Debt (a) + (b)			Consolidating/ Eliminating Adjustments			Total
Revenues
Casino	$	—		$	67.9		$	4,241.5		$	2,362.4		$	6,603.9		$	—		$	6,671.8
Food and beverage	—			18.6			823.6			639.9			1,463.5			—			1,482.1
Rooms	—			17.8			577.0			522.9			1,099.9			—			1,117.7
Management fees	—			2.6			61.1			1.5			62.6			(26.1		)	39.1
Other	—			47.2			354.6			332.9			687.5			(165.9		)	568.8
Less: casino promotional allowances	—			(23.6		)	(807.8		)	(494.9		)	(1,302.7		)	—			(1,326.3		)
Net revenues	—			130.5			5,250.0			3,364.7			8,614.7			(192.0		)	8,553.2
Operating expenses
Direct
Casino	—			45.3			2,402.5			1,369.9			3,772.4			—			3,817.7
Food and beverage	—			7.8			317.3			289.2			606.5			—			614.3
Rooms	—			2.1			120.7			135.7			256.4			—			258.5
Property, general, administrative, and other	—			52.7			1,261.6			856.2			2,117.8			(140.8		)	2,029.7
Depreciation and amortization	—			7.3			452.5			239.6			692.1			—			699.4
Write-downs, reserves, and project opening costs, net of recoveries	—			27.9			90.8			31.0			121.8			—			149.7
Intangible and tangible asset impairment charges	—			—			178.0			6.0			184.0			—			184.0
Loss/(income) on interests in non-consolidated affiliates	—			—			2.1			(0.6		)	1.5			—			1.5
Loss/(income) on interests in subsidiaries	816.5			(295.8		)	(33.0		)	—			(33.0		)	(487.7		)	—
Corporate expense	23.3			85.6			21.6			61.6			83.2			(51.2		)	140.9
Acquisition and integration costs	0.8			1.9			4.4			6.5			10.9			—			13.6
Amortization of intangible assets	—			0.7			97.9			62.2			160.1			—			160.8
Total operating expenses	840.6			(64.5		)	4,916.4			3,057.3			7,973.7			(679.7		)	8,070.1
(Loss)income from operations	(840.6		)	195.0			333.6			307.4			641.0			487.7			483.1
Interest expense, net of interest capitalized	(3.1		)	(1,712.2		)	(96.5		)	(392.6		)	(489.1		)	222.8			(1,981.6		)
(Losses)/gains on early extinguishments of debt	—			(4.7		)	—			120.3			120.3			—			115.6
Other income, including interest income	4.5			93.3			59.8			106.2			166.0			(222.8		)	41.0
(Loss)/income from continuing operations before income taxes	(839.2		)	(1,428.6		)	296.9			141.3			438.2			487.7			(1,341.9		)
Benefit/(provision) for income taxes	8.1			642.2			(119.7		)	(52.2		)	(171.9		)	14.1			492.5
(Loss)/income from continuing operations, net of income taxes	(831.1		)	(786.4		)	177.2			89.1			266.3			501.8			(849.4		)
Discontinued operations
Income/(loss) from discontinued operations	—			—			65.6			(15.7		)	49.9			—			49.9
(Provision)/benefit for income taxes	—			—			(11.8		)	2.1			(9.7		)	(14.1		)	(23.8		)
Income/(loss) from discontinued operations, net of income taxes	—			—			53.8			(13.6		)	40.2			(14.1		)	26.1
Net (loss)/income	(831.1		)	(786.4		)	231.0			75.5			306.5			487.7			(823.3		)
Less: net income attributable to non-controlling interests	—			—			—			(7.8		)	(7.8		)	—			(7.8		)
Net (loss)/income attributable to Caesars	(831.1		)	(786.4		)	231.0			67.7			298.7			487.7			(831.1		)
Other comprehensive income/(loss), net of income taxes:
Total other comprehensive (loss)/income, net of income taxes	—			(77.4		)	—			38.4			38.4			—			(39.0		)
Less: foreign currency translation adjustments attributable to non-controlling interests, net of income taxes	—			—			—			4.2			4.2			—			4.2
Comprehensive (loss)/income attributable to Caesars	$	(831.1	)	$	(863.8	)	$	231.0		$	110.3		$	341.3		$	487.7		$	(865.9	)

Condensed Consolidating Statement of Cash Flows

CAESARS ENTERTAINMENT CORPORATION

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED DECEMBER 31, 2012

(In millions)

	CEC (Parent Guarantor)			Subsidiary Issuer			Subsidiary Guarantors of Parent and Subsidiary Guaranteed Debt (a)			Subsidiary Non-Guarantors of Parent and Subsidiary Guaranteed Debt (b)			Subsidiary Non-Guarantors of Parent-Only Guaranteed Debt (a) + (b)			Consolidating/ Eliminating Adjustments			Total
Cash flows from operating activities	$	258.6		$	94.6		$	(505.1	)	$	141.2		$	(363.9	)	$	37.2		$	26.5
Cash flows from investing activities
Acquisitions of property and equipment, net of change in related payables	—			(9.6		)	(205.3		)	(292.8		)	(498.1		)	—			(507.7		)
Change in restricted cash	—			—			—			(680.5		)	(680.5		)	—			(680.5		)
Return of investment in subsidiary	—			—			92.5			—			92.5			(92.5		)	—
Payments to acquire businesses, net of transaction costs and cash acquired	—			—			—			(37.9		)	(37.9		)	—			(37.9		)
Investments in non-consolidated affiliates and other	—			—			—			(28.1		)	(28.1		)	—			(28.1		)
Purchase of additional interests in subsidiaries	(232.5		)	(28.1		)	—			—			—			260.6			—
Proceeds from the sale of a subsidiary	—			—			—			42.4			42.4			—			42.4
Purchases of investment securities	—			—			—			(39.2		)	(39.2		)	—			(39.2		)
Proceeds from the sale and maturity of investment securities	—			—			—			31.6			31.6			—			31.6
Other	(0.8		)	—			(6.8		)	2.1			(4.7		)	—			(5.5		)
Cash flows used in investing activities	(233.3		)	(37.7		)	(119.6		)	(1,002.4		)	(1,122.0		)	168.1			(1,224.9		)
Cash flows from financing activities
Proceeds from the issuance of long-term debt	—			432.2			—			3,277.2			3,277.2			—			3,709.4
Assumption of debt issued by non-guarantors	—			1,981.3			—			(1,981.3		)	(1,981.3		)	—			—
Debt issuance costs and fees	—			(38.9		)	—			(11.7		)	(11.7		)	—			(50.6		)
Borrowings under lending agreements	—			453.0			—			—			—			—			453.0
Repayments under lending agreements	—			(608.0		)	—			—			—			—			(608.0		)
Cash paid for early extinguishments of debt	—			(1,574.3		)	—			(462.3		)	(462.3		)	—			(2,036.6		)
Scheduled debt retirements	—			(14.4		)	(1.4		)	—			(1.4		)	—			(15.8		)
Purchase of additional interests in subsidiary	—			—			(9.6		)	—			(9.6		)	—			(9.6		)
Proceeds from sale of additional interest in a subsidiary	—			—			—			32.2			32.2			—			32.2
Issuance of common stock, net of fees	17.4			—			—			—			—			—			17.4
Other	—			—			(10.8		)	(8.0		)	(18.8		)	—			(18.8		)
Transfer (to)/from affiliates	(39.2		)	207.5			—			2.3			2.3			(170.6		)	—
Cash flows provided by financing activities	(21.8		)	838.4			(21.8		)	848.4			826.6			(170.6		)	1,472.6
Cash flows from discontinued operations
Cash flows from operating activities	—			—			17.5			0.3			17.8			(34.7		)	(16.9		)
Cash flows from investing activities	—			—			600.3			—			600.3			—			600.3
Cash flows from financing activities	—			—			—			—			—			—			—
Net cash provided by discontinued operations	—			—			617.8			0.3			618.1			(34.7		)	583.4
Net increase/(decrease) in cash and cash equivalents	3.5			895.3			(28.7		)	(12.5		)	(41.2		)	—			857.6
Change in cash classified as assets held for sale	—			—			10.0			(1.3		)	8.7			—			8.7
Cash and cash equivalents, beginning of period	3.9			16.6			372.5			498.2			870.7			—			891.2
Cash and cash equivalents, end of period	$	7.4		$	911.9		$	353.8		$	484.4		$	838.2		$	—		$	1,757.5

CAESARS ENTERTAINMENT CORPORATION

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED DECEMBER 31, 2011

(In millions)

	CEC (Parent Guarantor)			Subsidiary Issuer			Subsidiary Guarantors of Parent and Subsidiary Guaranteed Debt (a)			Subsidiary Non-Guarantors of Parent and Subsidiary Guaranteed Debt (b)			Subsidiary Non-Guarantors of Parent-Only Guaranteed Debt (a) + (b)			Consolidating/ Eliminating Adjustments			Total
Cash flows from operating activities	$	182.9		$	(507.6	)	$	72.7		$	296.2		$	368.9		$	16.1		$	60.3
Cash flows from investing activities
Acquisitions of property and equipment, net of change in related payables	—			(12.3		)	(108.1		)	(152.1		)	(260.2		)	—			(272.5		)
Change in restricted cash	—			—			—			(517.7		)	(517.7		)	—			(517.7		)
Purchase of additional interest in subsidiary	—			—			—			(75.4		)	(75.4		)	—			(75.4		)
Payments to acquire certain gaming rights	—			—			—			(22.7		)	(22.7		)	—			(22.7		)
Payments to acquire businesses, net of transaction costs and cash acquired	(123.5		)	(136.7		)	(49.1		)	(19.0		)	(68.1		)	309.3			(19.0		)
(Investments in)/advances to non-consolidated affiliates and other	—			—			—			(76.0		)	(76.0		)	—			(76.0		)
Purchases of investment securities	—			—			—			(35.7		)	(35.7		)	—			(35.7		)
Proceeds from the sale and maturity of investment securities	—			—			—			22.6			22.6			—			22.6
Other	—			—			(3.8		)	(6.1		)	(9.9		)	—			(9.9		)
Cash flows used in investing activities	(123.5		)	(149.0		)	(161.0		)	(882.1		)	(1,043.1		)	309.3			(1,006.3		)
Cash flows from financing activities
Proceeds from the issuance of long-term debt	—			418.3			—			445.5			445.5			—			863.8
Debt issuance costs and fees	—			(3.2		)	—			(14.9		)	(14.9		)	—			(18.1		)
Borrowings under lending agreements	—			358.0			—			—			—			—			358.0
Repayments under lending agreements	—			(203.0		)	—			—			—			—			(203.0		)
Cash paid for early extinguishments of debt	—			—			(2.6		)	(125.9		)	(128.5		)	—			(128.5		)
Scheduled debt retirements	—			(25.2		)	—			(18.5		)	(18.5		)	—			(43.7		)
Other	(1.7		)	—			(8.1		)	(7.2		)	(15.3		)	—			(17.0		)
Transfer (to)/from affiliates	(189.8		)	67.3			49.1			382.7			431.8			(309.3		)	—
Cash flows provided by financing activities	(191.5		)	612.2			38.4			661.7			700.1			(309.3		)	811.5
Cash flows from discontinued operations
Cash flows from operating activities	—			—			79.4			(0.5		)	78.9			(16.1		)	62.8
Cash flows from investing activities	—			—			(5.2		)	(5.5		)	(10.7		)	—			(10.7		)
Cash flows from financing activities	—			—			—			—			—			—			—
Net cash provided by discontinued operations	—			—			74.2			(6.0		)	68.2			(16.1		)	52.1
Net (decrease)/increase in cash and cash equivalents	(132.1		)	(44.4		)	24.3			69.8			94.1			—			(82.4		)
Change in cash classified as assets held for sale	—			—			3.5			(1.0		)	2.5			—			2.5
Cash and cash equivalents, beginning of period	136.0			61.0			344.7			429.4			774.1			—			971.1
Cash and cash equivalents, end of period	$	3.9		$	16.6		$	372.5		$	498.2		$	870.7		$	—		$	891.2

CAESARS ENTERTAINMENT CORPORATION

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED DECEMBER 31, 2010

(In millions)

	CEC (Parent Guarantor)			Subsidiary Issuer			Subsidiary Guarantors of Parent and Subsidiary Guaranteed Debt (a)			Subsidiary Non-Guarantors of Parent and Subsidiary Guaranteed Debt (b)			Subsidiary Non-Guarantors of Parent-Only Guaranteed Debt (a) + (b)			Consolidating/ Eliminating Adjustments			Total
Cash flows from operating activities	$	753.9		$	(516.6	)	$	(20.6	)	$	(126.4	)	$	(147.0	)	$	14.1		$	104.4
Cash flows from investing activities
Acquisitions of property and equipment, net of change in related payables	—			(5.3		)	(92.1		)	(53.9		)	(146.0		)	—			(151.3		)
Purchase of additional interest in subsidiary	—			—			—			(19.5		)	(19.5		)	—			(19.5		)
Payments to acquire certain gaming rights	—			—			—			(16.5		)	(16.5		)	—			(16.5		)
Payments to acquire businesses, net of transaction costs and cash acquired	—			(18.8		)	(2.1		)	(9.7		)	(11.8		)	—			(30.6		)
(Investments in) non-consolidated affiliates and other	—			—			(64.0		)	—			(64.0		)	—			(64.0		)
Purchases of investment securities	—			—			—			(25.8		)	(25.8		)	—			(25.8		)
Proceeds from the sale and maturity of investment securities	—			—			—			14.8			14.8			—			14.8
Other	—			—			8.6			557.1			565.7			(551.3		)	14.4
Cash flows used in investing activities	—			(24.1		)	(149.6		)	446.5			296.9			(551.3		)	(278.5		)
Cash flows from financing activities
Proceeds from the issuance of long-term debt	—			740.8			—			40.1			40.1			551.3			1,332.2
Debt issuance costs and fees	—			(17.8		)	—			(46.8		)	(46.8		)	—			(64.6		)
Borrowings under lending agreements	—			1,175.0			—			—			—			—			1,175.0
Repayments under lending agreements	—			(1,602.0		)	—			(23.8		)	(23.8		)	—			(1,625.8		)
Cash paid for early extinguishments of debt	—			(219.9		)	—			(149.2		)	(149.2		)	—			(369.1		)
Scheduled debt retirements	—			(198.5		)	—			(38.5		)	(38.5		)	—			(237.0		)
Other	(1.6		)	(2.3		)	—			(19.4		)	(19.4		)	—			(23.3		)
Transfer (to)/from affiliates	(739.0		)	742.0			4.7			(7.7		)	(3.0		)	—			—
Cash flows provided by financing activities	(740.6		)	617.3			4.7			(245.3		)	(240.6		)	551.3			187.4
Cash flows from discontinued operations
Cash flows from operating activities	—			—			80.2			0.3			80.5			(14.1		)	66.4
Cash flows from investing activities	—			—			(1.7		)	(7.7		)	(9.4		)	—			(9.4		)
Cash flows from financing activities	—			—			—			—			—			—			—
Net cash provided by discontinued operations	—			—			78.5			(7.4		)	71.1			(14.1		)	57.0
Net increase/(decrease) in cash and cash equivalents	13.3			76.6			(87.0		)	67.4			(19.6		)	—			70.3
Effect of deconsolidation of variable interest entities	—			—			—			(1.4		)	(1.4		)	—			(1.4		)
Change in cash classified as assets held for sale	—			—			1.8			(1.7		)	0.1			—			0.1
Cash and cash equivalents, beginning of period	122.7			(15.6		)	429.9			365.1			795.0			—			902.1
Cash and cash equivalents, end of period	$	136.0		$	61.0		$	344.7		$	429.4		$	774.1		$	—		$	971.1