Condensed Consolidating Financial Information of Guarantors and Issuers

6 Months Ended

Jun. 30, 2013

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Consolidating Financial Information of Guarantors and Issuers

Condensed Consolidating Financial Information of Guarantors and Issuers

CEOC is the issuer of certain registered debt securities, a portion of which is guaranteed by Caesars Entertainment ("Parent-Only Guaranteed Debt") and a portion of which is guaranteed by both Caesars Entertainment and certain wholly-owned subsidiaries of CEOC ("Parent and Subsidiary Guaranteed Debt"). The table below presents the condensed consolidating financial information relevant to these two guarantee structures as of June 30, 2013, and December 31, 2012, and for the quarter and six months endedJune 30, 2013 and 2012. The CEC (parent guarantor), subsidiary issuer, and subsidiary non-guarantors of parent-only guaranteed debt columns represent the information related to the Parent-Only Guaranteed Debt structure. The CEC (parent guarantor), subsidiary issuer, subsidiary guarantors of parent and subsidiary guaranteed debt, and subsidiary non-guarantors of parent and subsidiary guaranteed debt columns represent the information related to the Parent and Subsidiary Guaranteed Debt structure.

In lieu of providing separate unaudited financial statements for the guarantor subsidiaries, we have included the accompanying condensed consolidating financial statements based on Rule 3-10 of the SEC's Regulation S-X. Management does not believe that separate financial statements of the guarantor subsidiaries are material to our investors; therefore, separate financial statements and other disclosures concerning the guarantor subsidiaries are not presented.

CONDENSED CONSOLIDATING BALANCE SHEET

JUNE 30, 2013

(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	$	195.0		$	731.1		$	304.6	$	580.0	$	884.6	$	—		$	1,810.7
Restricted cash	10.5			—			1.0		76.9		77.9		—			88.4
Receivables, net of allowance for doubtful accounts	0.1			23.7			279.0		183.4		462.4		—			486.2
Deferred income taxes	—			33.4			72.7		18.0		90.7		—			124.1
Prepayments and other current assets	—			10.8			97.4		96.3		193.7		—			204.5
Inventories	—			0.2			30.3		15.8		46.1		—			46.3
Intercompany receivables	10.3			289.6			170.9		200.4		371.3		(671.2		)	—
Assets held for sale	—			—			—		5.4		5.4		—			5.4
Total current assets	215.9			1,088.8			955.9		1,176.2		2,132.1		(671.2		)	2,765.6
Property and equipment, net	—			186.0			8,409.6		6,869.9		15,279.5		(3.6		)	15,461.9
Goodwill	—			—			1,330.9		1,821.9		3,152.8		—			3,152.8
Intangible assets other than goodwill	—			3.9			3,115.7		762.1		3,877.8		—			3,881.7
Investments in subsidiaries	—			11,286.2			914.4		863.2		1,777.6		(13,063.8		)	—
Investments in and advances to non-consolidated affiliates	—			—			3.3		205.7		209.0		—			209.0
Restricted cash	—			—			—		246.0		246.0		—			246.0
Deferred charges and other	6.2			309.0			205.0		171.8		376.8		(5.3		)	686.7
Intercompany receivables	325.1			1,074.0			585.4		55.0		640.4		(2,039.5		)	—
Assets held for sale	—			—			—		441.1		441.1		—			441.1
	$	547.2		$	13,947.9		$	15,520.2	$	12,612.9	$	28,133.1	$	(15,783.4	)	$	26,844.8
Liabilities and Stockholders’ (Deficit)/Equity
Current liabilities
Accounts payable	$	0.1		$	92.9		$	125.6	$	108.9	$	234.5	$	—		$	327.5
Interest payable	—			254.5			0.7		29.6		30.3		—			284.8
Accrued expenses	3.6			161.8			388.6		603.4		992.0		—			1,157.4
Current portion of long-term debt	—			141.9			10.4		6.2		16.6		—			158.5
Intercompany payables	1.2			45.3			426.2		198.5		624.7		(671.2		)	—
Liabilities held for sale	—			—			—		3.6		3.6		—			3.6
Total current liabilities	4.9			696.4			951.5		950.2		1,901.7		(671.2		)	1,931.8
Long-term debt	—			15,911.7			61.8		5,898.0		5,959.8		(958.7		)	20,912.8
Accumulated losses of subsidiaries in excess of investment	1,308.5			—			—		—		—		(1,308.5		)	—
Deferred credits and other	—			469.0			152.8		136.0		288.8		—			757.8
Deferred income taxes	—			81.6			2,163.3		1,664.9		3,828.2		21.1			3,930.9
Intercompany payables	55.0			285.4			871.1		828.0		1,699.1		(2,039.5		)	—
Liabilities held for sale	—			—			—		49.6		49.6		—			49.6
	1,368.4			17,444.1			4,200.5		9,526.7		13,727.2		(4,956.8		)	27,582.9
Total Caesars stockholders’ (deficit)/equity	(821.2		)	(3,496.2		)	11,319.7		2,974.5		14,294.2		(10,826.6		)	(849.8		)
Non-controlling interests	—			—			—		111.7		111.7		—			111.7
Total (deficit)/equity	(821.2		)	(3,496.2		)	11,319.7		3,086.2		14,405.9		(10,826.6		)	(738.1		)
	$	547.2		$	13,947.9		$	15,520.2	$	12,612.9	$	28,133.1	$	(15,783.4	)	$	26,844.8

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	—			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

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE (LOSS)/INCOME

FOR THE QUARTER ENDED JUNE 30, 2013

(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	$	—		$	16.5		$	865.9		$	552.7		$	1,418.6		$	—		$	1,435.1
Food and beverage	—			3.5			208.3			174.3			382.6			—			386.1
Rooms	—			4.8			164.2			153.3			317.5			—			322.3
Management fees	—			1.7			14.2			6.4			20.6			(5.1		)	17.2
Other	—			11.9			92.7			225.0			317.7			(44.8		)	284.8
Less: casino promotional allowances	—			(4.8		)	(168.9		)	(113.6		)	(282.5		)	—			(287.3		)
Net revenues	—			33.6			1,176.4			998.1			2,174.5			(49.9		)	2,158.2
Operating expenses
Direct
Casino	—			9.4			516.1			294.1			810.2			—			819.6
Food and beverage	—			1.4			87.5			80.6			168.1			—			169.5
Rooms	—			0.7			40.2			41.3			81.5			—			82.2
Property, general, administrative, and other	—			1.7			290.7			342.2			632.9			(40.8		)	593.8
Depreciation and amortization	—			0.9			85.6			54.8			140.4			—			141.3
Write-downs, reserves, and project opening costs, net of recoveries	—			0.5			16.7			6.2			22.9			—			23.4
Intangible and tangible asset impairment charges	—			—			80.3			24.4			104.7			—			104.7
(Income)/loss on interests in non-consolidated affiliates	—			—			(0.2		)	14.0			13.8			—			13.8
Loss/(income) on interests in subsidiaries	208.0			(44.7		)	(11.0		)	—			(11.0		)	(152.3		)	—
Corporate expense	6.2			25.5			7.2			11.5			18.7			(9.1		)	41.3
Acquisition and integration costs	—			4.9			0.2			(2.9		)	(2.7		)	—			2.2
Amortization of intangible assets	—			0.2			22.1			18.8			40.9			—			41.1
Total operating expenses	214.2			0.5			1,135.4			885.0			2,020.4			(202.2		)	2,032.9
(Loss)/income from operations	(214.2		)	33.1			41.0			113.1			154.1			152.3			125.3
Interest expense, net of interest capitalized	4.1			(499.6		)	(14.6		)	(84.8		)	(99.4		)	54.8			(540.1		)
Loss on early extinguishments of debt	—			—			—			41.3			41.3			—			41.3
Gain on partial sale of subsidiary	—			—			(8.9		)	53.0			44.1			—			44.1
Other income, including interest income	3.5			12.7			5.1			47.1			52.2			(63.6		)	4.8
(Loss)/income from continuing operations before income taxes	(206.6		)	(453.8		)	22.6			169.7			192.3			143.5			(324.6		)
(Provision)/benefit for income taxes	(0.5		)	168.5			(9.5		)	(45.9		)	(55.4		)	3.1			115.7
Net (loss)/income from continuing operations, net of taxes	(207.1		)	(285.3		)	13.1			123.8			136.9			146.6			(208.9		)
Discontinued operations
Loss from discontinued operations	—			—			—			(0.3		)	(0.3		)	—			(0.3		)
Benefit for income taxes	—			—			—			—			—			—			—
Loss from discontinued operations, net of income taxes	—			—			—			(0.3		)	(0.3		)	—			(0.3		)
Net (loss)/income	(207.1		)	(285.3		)	13.1			123.5			136.6			146.6			(209.2		)
Less: net income attributable to non-controlling interests	—			—			—			(3.0		)	(3.0		)	—			(3.0		)
Net (loss)/income attributable to Caesars	(207.1		)	(285.3		)	13.1			120.5			133.6			146.6			(212.2		)
Other comprehensive (loss)/income:
Total other comprehensive (loss)/income, net of income taxes	—			0.2			—			(65.0		)	(65.0		)	54.9			(9.9		)
Less: foreign currency translation adjustments attributable to non-controlling interests, net of income taxes	—			—			—			0.1			0.1			—			0.1
Comprehensive (loss)/income attributable to Caesars	$	(207.1	)	$	(285.1	)	$	13.1		$	55.6		$	68.7		$	201.5		$	(222.0	)

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE (LOSS)/INCOME

FOR THE QUARTER ENDED JUNE 30, 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	$	—		$	15.3		$	959.8		$	576.8		$	1,536.6		$	—		$	1,551.9
Food and beverage	—			3.3			208.2			173.8			382.0			—			385.3
Rooms	—			5.3			163.8			147.3			311.1			—			316.4
Management fees	—			2.1			13.4			1.9			15.3			(5.1		)	12.3
Other	—			6.3			90.5			145.8			236.3			(39.8		)	202.8
Less: casino promotional allowances	—			(5.3		)	(181.0		)	(118.7		)	(299.7		)	—			(305.0		)
Net revenues	—			27.0			1,254.7			926.9			2,181.6			(44.9		)	2,163.7
Operating expenses
Direct
Casino	—			9.6			556.4			332.1			888.5			—			898.1
Food and beverage	—			1.6			84.2			83.9			168.1			—			169.7
Rooms	—			0.5			39.1			41.1			80.2			—			80.7
Property, general, administrative, and other	—			3.3			281.1			276.6			557.7			(40.1		)	520.9
Depreciation and amortization	—			1.7			110.0			63.8			173.8			—			175.5
Write-downs, reserves, and project opening costs, net of recoveries	—			1.5			6.2			0.2			6.4			—			7.9
Intangible and tangible asset impairment charges	—			—			33.0			—			33.0			—			33.0
Loss on interests in non-consolidated affiliates	—			—			0.9			2.3			3.2			—			3.2
Loss/(income) on interests in subsidiaries	240.0			(9.5		)	(7.6		)	—			(7.6		)	(222.9		)	—
Corporate expense	6.5			25.8			7.2			6.6			13.8			(4.8		)	41.3
Acquisition and integration costs	—			0.8			—			0.3			0.3			—			1.1
Amortization of intangible assets	—			0.2			26.3			16.7			43.0			—			43.2
Total operating expenses	246.5			35.5			1,136.8			823.6			1,960.4			(267.8		)	1,974.6
(Loss)/income from operations	(246.5		)	(8.5		)	117.9			103.3			221.2			222.9			189.1
Interest expense, net of interest capitalized	—			(461.8		)	(6.8		)	(76.7		)	(83.5		)	48.8			(496.5		)
Gains on early extinguishments of debt	—			—			—			33.7			33.7			—			33.7
Other income, including interest income	3.9			14.3			5.2			31.9			37.1			(48.8		)	6.5
(Loss)/income from continuing operations before income taxes	(242.6		)	(456.0		)	116.3			92.2			208.5			222.9			(267.2		)
Benefit/(provision) for income taxes	0.9			168.9			(38.3		)	(30.4		)	(68.7		)	4.8			105.9
(Loss)/income from continuing operations, net of income taxes	(241.7		)	(287.1		)	78.0			61.8			139.8			227.7			(161.3		)
Discontinued operations
Income/(loss) from discontinued operations	—			—			22.9			(107.3		)	(84.4		)	—			(84.4		)
(Provision)/benefit for income taxes	—			—			(4.0		)	12.7			8.7			(4.8		)	3.9
Income/(loss) from discontinued operations, net of income taxes	—			—			18.9			(94.6		)	(75.7		)	(4.8		)	(80.5		)
Net (loss)/income	(241.7		)	(287.1		)	96.9			(32.8		)	64.1			222.9			(241.8		)
Less: net loss attributable to non-controlling interests	—			—			—			0.1			0.1			—			0.1
Net (loss)/income attributable to Caesars	(241.7		)	(287.1		)	96.9			(32.7		)	64.2			222.9			(241.7		)
Other comprehensive (loss)/income:
Total other comprehensive (loss)/income, net of income taxes	—			(13.6		)	—			16.5			16.5			—			2.9
Less: foreign currency translation adjustments attributable to non-controlling interests, net of income taxes	—			—			—			(0.5		)	(0.5		)	—			(0.5		)
Comprehensive (loss)/income attributable to Caesars	$	(241.7	)	$	(300.7	)	$	96.9		$	(16.7	)	$	80.2		$	222.9		$	(239.3	)

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME/(LOSS)

FOR THE SIX MONTHS ENDEDJUNE 30, 2013

(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	$	—		$	28.5		$	1,780.4		$	1,121.3		$	2,901.7		$	—		$	2,930.2
Food and beverage	—			6.3			412.6			347.3			759.9			—			766.2
Rooms	—			8.1			313.4			289.0			602.4			—			610.5
Management fees	—			—			30.7			11.1			41.8			(14.0		)	27.8
Other	—			25.3			181.9			430.7			612.6			(90.3		)	547.6
Less: casino promotional allowances	—			(8.4		)	(340.2		)	(232.5		)	(572.7		)	—			(581.1		)
Net revenues	—			59.8			2,378.8			1,966.9			4,345.7			(104.3		)	4,301.2
Operating expenses
Direct
Casino	—			17.9			1,037.9			598.6			1,636.5			—			1,654.4
Food and beverage	—			2.7			172.7			159.3			332.0			—			334.7
Rooms	—			1.2			74.9			79.4			154.3			—			155.5
Property, general, administrative, and other	—			6.0			585.8			667.2			1,253.0			(83.8		)	1,175.2
Depreciation and amortization	—			2.0			186.6			114.5			301.1			(0.1		)	303.0
Write-downs, reserves, and project opening costs, net of recoveries	—			0.5			21.4			22.2			43.6			—			44.1
Intangible and tangible asset impairment charges	—			—			100.3			24.4			124.7			—			124.7
Income on interests in non-consolidated affiliates.	—			—			(0.3		)	16.7			16.4			—			16.4
Loss/(income) on interests in subsidiaries	428.4			(176.3		)	(6.9		)	—			(6.9		)	(245.2		)	—
Corporate expense	7.9			55.9			8.7			25.3			34.0			(20.5		)	77.3
Acquisition and integration costs	—			16.5			0.2			49.7			49.9			—			66.4
Amortization of intangible assets	—			0.3			44.2			38.0			82.2			—			82.5
Total operating expenses	436.3			(73.3		)	2,225.5			1,795.3			4,020.8			(349.6		)	4,034.2
(Loss)/income from operations	(436.3		)	133.1			153.3			171.6			324.9			245.3			267.0
Interest expense, net of interest capitalized	3.5			(1,014.7		)	(29.3		)	(186.4		)	(215.7		)	112.1			(1,114.8		)
Gains on early extinguishments of debt	—			(29.3		)	—			33.9			33.9			—			4.6
Gain on partial sale of subsidiary	—			—			(8.9		)	53.0			44.1			—			44.1
Other income, including interest income	16.1			29.7			10.1			91.2			101.3			(138.8		)	8.3
(Loss)/income from continuing operations before income taxes	(416.7		)	(881.2		)	125.2			163.3			288.5			218.6			(790.8		)
Benefit/(provision) for income taxes	(1.3		)	373.2			58.2			(30.7		)	27.5			6.6			406.0
Net (loss)/income from continuing operations, net of taxes	(418.0		)	(508.0		)	183.4			132.6			316.0			225.2			(384.8		)
Discontinued operations
Income from discontinued operations	—			—			(0.8		)	(43.4		)	(44.2		)	—			(44.2		)
Provision for income taxes	—			—			0.4			2.4			2.8			—			2.8
Income from discontinued operations, net of income taxes	—			—			(0.4		)	(41.0		)	(41.4		)	—			(41.4		)
Net (loss)/income	(418.0		)	(508.0		)	183.0			91.6			274.6			225.2			(426.2		)
Less: net loss attributable to non-controlling interests	—			—			—			(3.9		)	(3.9		)	—			(3.9		)
Net (loss)/income attributable to Caesars	(418.0		)	(508.0		)	183.0			87.7			270.7			225.2			(430.1		)
Other comprehensive (loss)/income:
Total other comprehensive (loss)/income, net of income taxes	—			(12.9		)	—			(5.0		)	(5.0		)	(5.0		)	(22.9		)
Less: foreign currency translation adjustments attributable to non-controlling interests, net of income taxes	—			—			—			0.1			0.1			—			0.1
Comprehensive (loss)/income attributable to Caesars	$	(418.0	)	$	(520.9	)	$	183.0		$	82.8		$	265.8		$	220.2		$	(452.9	)

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE (LOSS)/INCOME

FOR THE SIX MONTHS ENDEDJUNE 30, 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	$	—		$	25.6		$	1,966.9		$	1,184.4		$	3,151.3		$	—		$	3,176.9
Food and beverage	—			6.0			413.4			348.0			761.4			—			767.4
Rooms	—			8.5			321.0			290.7			611.7			—			620.2
Management fees	—			2.2			30.0			3.0			33.0			(13.3		)	21.9
Other	—			20.3			190.7			272.3			463.0			(85.1		)	398.2
Less: casino promotional allowances	—			(9.0		)	(364.2		)	(241.6		)	(605.8		)	—			(614.8		)
Net revenues	—			53.6			2,557.8			1,856.8			4,414.6			(98.4		)	4,369.8
Operating expenses
Direct
Casino	—			17.8			1,131.9			673.2			1,805.1			—			1,822.9
Food and beverage	—			3.0			166.2			162.3			328.5			—			331.5
Rooms	—			0.8			74.2			80.8			155.0			—			155.8
Property, general, administrative, and other	—			13.0			573.9			526.1			1,100.0			(81.3		)	1,031.7
Depreciation and amortization	—			3.4			218.4			133.2			351.6			—			355.0
Write-downs, reserves, and project opening costs, net of recoveries	—			4.6			15.7			3.8			19.5			—			24.1
Intangible and tangible asset impairment charges	—			—			200.5			6.5			207.0			—			207.0
Loss on interests in non-consolidated affiliates	—			—			0.8			9.5			10.3			—			10.3
Loss/(income) on interests in subsidiaries	520.3			(5.0		)	4.9			—			4.9			(520.2		)	—
Corporate expense	12.1			63.5			13.9			21.1			35.0			(17.1		)	93.5
Acquisition and integration costs	—			0.7			—			0.5			0.5			—			1.2
Amortization of intangible assets	—			0.3			49.6			36.5			86.1			—			86.4
Total operating expenses	532.4			102.1			2,450.0			1,653.5			4,103.5			(618.6		)	4,119.4
(Loss)/income from operations	(532.4		)	(48.5		)	107.8			203.3			311.1			520.2			250.4
Interest expense, net of interest capitalized	—			(970.9		)	(14.5		)	(171.9		)	(186.4		)	98.8			(1,058.5		)
Gains on early extinguishments of debt	—			—			—			79.5			79.5			—			79.5
Other income, including interest income	9.0			29.2			10.8			64.5			75.3			(98.8		)	14.7
(Loss)/income from continuing operations before income taxes	(523.4		)	(990.2		)	104.1			175.4			279.5			520.2			(713.9		)
Benefit/(provision) for income taxes	1.1			354.1			(39.4		)	(60.4		)	(99.8		)	8.8			264.2
(Loss)/income from continuing operations, net of income taxes	(522.3		)	(636.1		)	64.7			115.0			179.7			529.0			(449.7		)
Discontinued operations
Income/(loss) from discontinued operations	—			—			41.9			(112.1		)	(70.2		)	—			(70.2		)
(Provision)/benefit for income taxes	—			—			(7.4		)	13.2			5.8			(8.8		)	(3.0		)
Income/(loss) from discontinued operations, net of income taxes	—			—			34.5			(98.9		)	(64.4		)	(8.8		)	(73.2		)
Net (loss)/income	(522.3		)	(636.1		)	99.2			16.1			115.3			520.2			(522.9		)
Less: net loss attributable to non-controlling interests	—			—			—			0.6			0.6			—			0.6
Net (loss)/income attributable to Caesars	(522.3		)	(636.1		)	99.2			16.7			115.9			520.2			(522.3		)
Other comprehensive (loss)/income:
Total other comprehensive (loss)/income, net of income taxes	—			(25.8		)	—			38.0			38.0			—			12.2
Less: foreign currency translation adjustments attributable to non-controlling interests, net of income taxes	—			—			—			(1.5		)	(1.5		)	—			(1.5		)
Comprehensive (loss)/income attributable to Caesars	$	(522.3	)	$	(661.9	)	$	99.2		$	53.2		$	152.4		$	520.2		$	(511.6	)

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

FOR THE SIX MONTHS ENDEDJUNE 30, 2013

(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 provided by/(used in) operating activities	$	215.2		$	(492.7	)	$	120.3		$	99.4		$	219.7		$	0.8		$	(57.0	)
Cash flows from investing activities
Acquisitions of property and equipment, net of change in related payables	—			(3.9		)	(159.9		)	(156.5		)	(316.4		)	—			(320.3		)
Change in restricted cash	(10.5		)	—			(1.0		)	875.3			874.3			—			863.8
Proceeds from partial sale of a subsidiary, net of cash deconsolidated	—			—			(25.7		)	76.1			50.4			—			50.4
Investments in/advances to non-consolidated affiliates and other	—			—			—			(27.8		)	(27.8		)	—			(27.8		)
Purchase of additional interests in subsidiaries	(267.5		)	(7.4		)	—			—			—			274.9			—
Dividends received	—			48.4			74.2			—			74.2			(122.6		)	—
Purchases of investment securities	—			—			—			(1.7		)	(1.7		)	—			(1.7		)
Proceeds from the sale and maturity of investment securities	—			—			—			16.1			16.1			—			16.1
Other	(0.2		)	(0.1		)	(2.4		)	(4.3		)	(6.7		)	—			(7.0		)
Cash flows (used in)/provided by investing activities	(278.2		)	37.0			(114.8		)	777.2			662.4			152.3			573.5
Cash flows from financing activities
Proceeds from issuance of long-term debt	—			127.0			—			1,462.5			1,462.5			—			1,589.5
Assumption of debt issued by non-guarantors	—			2,199.4			—			(2,199.4		)	(2,199.4		)	—			—
Debt issuance costs and fees	—			(47.3		)	—			—			—			—			(47.3		)
Cash paid for early extinguishments of debt	—			(1,783.3		)	—			(227.0		)	(227.0		)	—			(2,010.3		)
Cash paid for loan maturity extension fees	—			—			—			(23.3		)	(23.3		)	—			(23.3		)
Scheduled debt retirements	—			(5.6		)	(1.5		)	—			(1.5		)	—			(7.1		)
Dividends paid	—			—			(48.4		)	(74.2		)	(122.6		)	122.6			—
Contributions from non controlling interest owners	—			—			—			35.3			35.3			—			35.3
Issuance of common stock, net of fees	12.6			—			—			—			—			—			12.6
Other	—			—			(4.2		)	(8.8		)	(13.0		)	—			(13.0		)
Transfers from/(to) affiliates	238.0			(215.3		)	(0.2		)	253.2			253.0			(275.7		)	—
Cash flows provided by/(used in) financing activities	250.6			274.9			(54.3		)	(781.7		)	(836.0		)	(153.1		)	(463.6		)
Cash flows from discontinued operations
Cash flows from operating activities	—			—			(0.4		)	0.8			0.4			—			0.4
Cash flows from investing activities	—			—			—			—			—			—			—
Net cash (used in)/provided by discontinued operations	—			—			(0.4		)	0.8			0.4			—			0.4
Net increase/(decrease) in cash and cash equivalents	187.6			(180.8		)	(49.2		)	95.7			46.5			—			53.3
Change in cash classified as assets held for sale	—			—			—			(0.1		)	(0.1		)	—			(0.1		)
Cash and cash equivalents, beginning of period	7.4			911.9			353.8			484.4			838.2			—			1,757.5
Cash and cash equivalents, end of period	$	195.0		$	731.1		$	304.6		$	580.0		$	884.6		$	—		$	1,810.7

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

FOR THE SIX MONTHS ENDEDJUNE 30, 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 provided by/(used in) operating activities	$	175.5		$	(137.9	)	$	(99.7	)	$	133.6		$	33.9		$	—		$	71.5
Cash flows from investing activities
Acquisitions of property and equipment, net of change in related payables	—			(3.0		)	(66.0		)	(123.0		)	(189.0		)	—			(192.0		)
Change in restricted cash	—			—			—			100.7			100.7			—			100.7
Payments to acquire businesses, net of transaction costs and cash acquired	—			—			—			15.2			15.2			—			15.2
Investments in/advances to non-consolidated affiliates	—			—			—			(13.9		)	(13.9		)	—			(13.9		)
Return of investment in subsidiary	—			—			92.5			—			92.5			(92.5		)	—
Purchase of additional interests in subsidiaries	(127.7		)	(13.9		)	—			—			—			141.6			—
Purchases of investment securities	—			—			—			(18.9		)	(18.9		)	—			(18.9		)
Proceeds from the sale and maturity of investment securities	—			—			—			12.9			12.9			—			12.9
Other	(0.8		)	—			(5.6		)	2.2			(3.4		)	—			(4.2		)
Cash flows (used in)/provided by investing activities	(128.5		)	(16.9		)	20.9			(24.8		)	(3.9		)	49.1			(100.2		)
Cash flows from financing activities
Proceeds from the issuance of long-term debt	—			1,351.6			—			358.5			358.5			—			1,710.1
Debt issuance costs and fees	—			(24.7		)	—			(7.2		)	(7.2		)	—			(31.9		)
Borrowings under lending agreements	—			453.0			—			—			—			—			453.0
Repayments under lending agreements	—			(608.0		)	—			—			—			—			(608.0		)
Cash paid for early extinguishments of debt	—			(1,095.6		)	—			(355.0		)	(355.0		)	—			(1,450.6		)
Scheduled debt retirements	—			(7.6		)	(1.4		)	—			(1.4		)	—			(9.0		)
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	—			—			(7.3		)	(3.8		)	(11.1		)	—			(11.1		)
Transfer (to)/from affiliates	(60.3		)	176.3			0.1			(67.0		)	(66.9		)	(49.1		)	—
Cash flows (used in)/provided by financing activities	(42.9		)	245.0			(18.2		)	(42.3		)	(60.5		)	(49.1		)	92.5
Cash flows from discontinued operations
Cash flows from operating activities	—			—			28.6			(0.8		)	27.8			—			27.8
Cash flows from investing activities	—			—			(2.3		)	(0.2		)	(2.5		)	—			(2.5		)
Net cash provided by/(used in) discontinued operations	—			—			26.3			(1.0		)	25.3			—			25.3
Net increase/(decrease) in cash and cash equivalents	4.1			90.2			(70.7		)	65.5			(5.2		)	—			89.1
Change in cash classified as assets held for sale	—			—			0.4			0.5			0.9			—			0.9
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	$	8.0		$	106.8		$	302.2		$	564.2		$	866.4		$	—		$	981.2