Delaware
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001-10410
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62-1411755
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(State of Incorporation)
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(Commission
File Number)
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(IRS Employer
Identification Number)
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¨
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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¨
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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¨
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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¨
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item 8.01
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Other Events
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Item 9.01
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Financial Statements and Exhibits
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Exhibit
No.
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Description
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99.1
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Press Release.
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CAESARS ENTERTAINMENT CORPORATION
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Date: March 27, 2014
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By:
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/s/ Michael D. Cohen
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Michael D. Cohen
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Senior Vice President, Deputy General Counsel
and Corporate Secretary
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Exhibit
No.
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Description
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Contact:
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Gary Thompson – Media
Caesars Entertainment Corporation
(702) 407-6529
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Jennifer Chen – Investors
Caesars Entertainment Corporation
(702) 407-6407
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·
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the impact of Caesars’ substantial indebtedness and the restrictions in Caesars’ debt agreements;
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·
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the effects of local and national economic, credit and capital market conditions on the economy in general, and on the gaming industry in particular;
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·
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the ability to realize the expense reductions from cost savings programs, including the program to increase Caesars’ working capital and excess cash by $500 million;
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·
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the previously disclosed sale of four of our casino properties to Caesars Growth Partners, LLC (“Caesars Growth Partners”) may not be consummated on the terms contemplated or at all;
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·
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the financial results of Caesars Growth Partners’ business;
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·
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access to available and reasonable financing on a timely basis;
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·
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the ability of Caesars’ customer-tracking, customer loyalty and yield-management programs to continue to increase customer loyalty and same-store or hotel sales;
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·
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changes in laws, including increased tax rates, smoking bans, regulations or accounting standards, third-party relations and approvals, and decisions, disciplines and fines of courts, regulators and governmental bodies;
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·
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the ability to recoup costs of capital investments through higher revenues;
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·
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abnormal gaming holds (“gaming hold” is the amount of money that is retained by the casino from wagers by customers);
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·
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the effects of competition, including locations of competitors, competition for new licenses and operating and market competition;
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·
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the ability to timely and cost-effectively integrate companies that Caesars acquires into its operations;
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·
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the potential difficulties in employee retention and recruitment as a result of Caesars’ substantial indebtedness, the ongoing downturn in the gaming industry, or any other factor;
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·
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construction factors, including delays, increased costs of labor and materials, availability of labor and materials, zoning issues, environmental restrictions, soil and water conditions, weather and other hazards, site access matters and building permit issues;
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·
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severe weather conditions or natural disasters, including losses therefrom, including losses in revenues and damage to property, and the impact of severe weather conditions on Caesars’ ability to attract customers to certain of its facilities, such as the amount of losses and disruption to us as a result of Hurricane Sandy in late October 2012;
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·
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litigation outcomes and judicial and governmental body actions, including gaming legislative action, referenda, regulatory disciplinary actions and fines and taxation;
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·
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acts of war or terrorist incidents or uprisings, including losses therefrom, including losses in revenues and damage to property;
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·
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the effects of environmental and structural building conditions relating to Caesars’ properties;
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·
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access to insurance on reasonable terms for Caesars’ assets; and
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·
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the impact, if any, of unfunded pension benefits under multi-employer pension plans.
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