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Stock-Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Composition of Stock-Based Compensation
Composition of Stock-Based Compensation Expense (All Plans)
 
Years Ended December 31,
(In millions)
2017
 
2016
 
2015
Corporate expense
$
36

 
$
37

 
$
65

Property, general, administrative, and other
7

 
195

 
37

Total stock-based compensation expense
$
43

 
$
232

 
$
102

    
Caesars Interactive Entertainment [Member]      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Stock Option Grants and Exercises  
CIE Stock Option Grants and Exercises
 
Years Ended December 31,
(Dollars in millions, except per share data)
2016
 
2015
Options Granted:
 
 
 
Number of options granted
377

 
10,350

Weighted average grant-date fair value per share (1)
$
5,404.93

 
$
4,670.27

Weighted average exercise price per share
$
19,166.18

 
$
15,352.49

 
 
 
 
Option Exercises:
 
 
 
Number of options exercised
909

 
1,984

Cash received for options exercised
$
2

 
$
5

Aggregate intrinsic value of options exercised
$
13

 
$
21


____________________
(1) 
Represents the weighted-average grant date fair value per option, using the Monte Carlo simulation option-pricing model for performance-based options, and the Black-Scholes option-pricing model for time-based options. 
  
Assumptions Used to Estimate Option Value  
Assumptions Used to Estimate CIE Option Value
 
Years Ended December 31,
 
2016
 
2015
Expected range of volatility
40.5% - 44.6%

 
42.9% - 49.4%

Expected dividend yield
—
%
 
—
%
Expected range of term (in years)
0.8 - 4.2

 
1.5 - 4.7

Risk-free interest rate range
0.5% - 1.2%

 
0.7% - 1.7%

  
Caesars Acquisition Company [Member]      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Stock Option Activity [1]
Caesars Acquisition Company Stock Option Activity
 
Shares
 
Weighted Average Exercise Price
 
Weighted Average Remaining Contractual Term (years)
 
Aggregate Intrinsic Value
(in millions)
Outstanding as of December 31, 2016
1,002,500

 
$
9.43

 
7.8

 
$
4

Exercised
(450,375
)
 
9.68

 
 
 
 
Canceled concurrent with the CAC Merger (1)
(552,125
)
 
9.22

 
 
 
 
Outstanding as of December 31, 2017
—

 
—

 
—

 
—

____________________
(1) 
CAC stock option grants were canceled and CEC assumed the stock option grants as a result of the CAC Merger.
    
Stock Option Grants and Exercises
Caesars Acquisition Company Stock Option Grants and Exercises
 
Years Ended December 31,
(Dollars in millions, except per share data)
2017
 
2016
 
2015
Options Granted:
 
 
 
 
 
Number of options granted
—

 
—

 
20,000

Weighted average grant-date fair value per share
$
—

 
$
—

 
$
3.10

Weighted average exercise price per share
$
—

 
$
—

 
$
7.73

 
 
 
 
 
 
Option Exercises:
 
 
 
 
 
Number of options exercised
450,375

 
417,500

 
—

Cash received for options exercised
$
4

 
$
4

 
$
—

Aggregate intrinsic value of options exercised
$
2

 
$
1

 
$
—

    
Restricted Stock Activity
Caesars Acquisition Company Restricted Stock Unit Activity
 
Units
 
Wtd Avg Fair Value
Outstanding as of December 31, 2016
493,061

 
$
11.82

Vested
(259,765
)
 
12.62

Canceled concurrent with the CAC Merger (1)
(233,296
)
 
10.92

Outstanding as of December 31, 2017
—

 
—

____________________
(1) 
CAC RSU grants were canceled and CEC assumed the RSU grants as a result of the CAC Merger.
    
Assumptions Used to Estimate Option Value    
There were no stock option valuations required during the years ended December 31, 2017 and 2016. Valuation assumptions for CAC’s stock options used in the Black-Scholes model to estimate fair value were as follows:
Caesars Acquisition Company Assumptions Used to Estimate Option Values
 
Year Ended
December 31, 2015
Expected volatility
39.9% - 45.7%

Expected dividend yield
—
%
Expected term (in years)
5.8 - 9.4

Risk-free interest rate
1.8% - 2.3%
Parent [Member]      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Stock Option Activity
Caesars Entertainment Stock Option Activity
 
Shares
 
Weighted Average Exercise Price
 
Weighted Average Remaining Contractual Term (years)
 
Aggregate Intrinsic Value
(in millions)
Outstanding as of December 31, 2016
9,820,168

 
$
11.69

 
6.2
 
$
2

Assumed (1)
897,204

 
5.67

 
 
 
 
Exercised
(1,249,640
)
 
6.51

 
 
 
 
Forfeited
(112,917
)
 
9.47

 
 
 
 
Expired
(126,925
)
 
10.58

 
 
 
 
Outstanding as of December 31, 2017
9,227,890

 
10.36

 
3.9
 
35

Vested and expected to vest as of December 31, 2017
9,227,890

 
10.36

 
3.9
 
35

Exercisable as of December 31, 2017
7,698,080

 
8.97

 
3.7
 
31

____________________
(1) 
CAC grants that were converted to CEC grants at the Exchange Ratio.
    
Stock Option Grants and Exercises
Caesars Entertainment Stock Option Grants and Exercises
 
Years Ended December 31,
(Dollars in millions, except per share data)
2017
 
2016
 
2015
Options Granted:
 
 
 
 
 
Number of options granted
—

 
—

 
1,844,332

Weighted average grant-date fair value per share (1)
$
—

 
$
—

 
$
3.38

Weighted average exercise price per share (1)
$
—

 
$
—

 
$
10.04

 
 
 
 
 
 
Option Exercises:
 
 
 
 
 
Number of options exercised
1,249,640

 
11,101

 
58,700

Cash received for options exercised (2)
$
8

 
$
—

 
$
—

Aggregate intrinsic value of options exercised (2)
$
7

 
$
—

 
$
—


____________________
(1) 
Represents the weighted-average grant date fair value per option, using the Monte Carlo simulation option-pricing model for performance-based options, and the Black-Scholes option-pricing model for time-based options.
(2) 
2016 and 2015 amounts are immaterial.
    
Restricted Stock Activity
The following table summarizes the activity of Caesars Entertainment’s RSUs during the year ended December 31, 2017.
 
Units
 
Wtd Avg Fair Value
Outstanding as of December 31, 2016
8,447,922

 
$
7.95

Granted
11,955,390

 
12.78

Assumed (1)
379,109

 
11.50

Vested
(2,898,737
)
 
8.71

Forfeited
(609,025
)
 
8.71

Outstanding as of December 31, 2017
17,274,659

 
11.22

____________________
(1) 
CAC grants that were converted to CEC grants at the Exchange Ratio.
    
Assumptions Used to Estimate Option Value    
Caesars Entertainment Assumptions Used to Estimate Option Values
 
2015
Expected volatility
42.0
%
Expected dividend yield
—
%
Expected term (in years)
5.7

Risk-free interest rate
1.6
%
[1] (1) CAC stock option grants were canceled and CEC assumed the stock option grants as a result of the CAC Merger.