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Related Party Transactions

9 Months Ended

Sep. 30, 2019



	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions)	2019		2018		2019		2018
Transactions with Horseshoe Baltimore
Management fees	$	2	$	2	$	7	$	7
Allocated expenses	2		1		5		4

Transactions with Horseshoe Baltimore

As of September 30, 2019, our investment in Horseshoe Baltimore was 44.3% and was held as an equity method investment and considered to be a related party. These related party transactions include items such as casino management fees and the allocation of other general corporate expenses. A summary of the transactions with Horseshoe Baltimore is provided in the table above.

Due from/to Affiliates

Amounts due from or to affiliates for each counterparty represent the net receivable or payable as of the end of the reporting period primarily resulting from the transactions described above and are settled on a net basis by each counterparty in accordance with the legal and contractual restrictions governing transactions by and among Caesars’ consolidated entities.

As of September 30, 2019 and December 31, 2018, Due from affiliates, net was $22 million and $6 million, respectively, and represented transactions with Horseshoe Baltimore.