What changed in this filing

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Item 2. Properties

2022-02-24 compared with 2021-03-01 · 60 added, 140 removed, 34 unchanged (85% of the section changed)

As of December 31, 2020, the following are our properties, including those that were sold during the year.

As of December 31, 2021, the following are our properties, including domestic properties that were sold during the year.

All amounts are approximations.

3 unchanged sentences

Owned-Domestic

Bally’s Las Vegas (a)

Las Vegas, NV 68,400 890 70 2,810

The Cromwell (a)

Las Vegas, NV 41,600 350 50 190

Flamingo Las Vegas (a)

Las Vegas, NV 72,300 1,090 90 3,450

The LINQ Hotel & Casino (a)

Las Vegas, NV 36,300 710 50 2,240

Paris Las Vegas (a)

Las Vegas, NV 95,300 950 100 2,920

Planet Hollywood Resort & Casino (a)

Las Vegas, NV 64,500 1,070 110 2,500

Caesars Palace Las Vegas (a)

Las Vegas, NV 124,200 1,560 170 3,970

Harrah’s Las Vegas (a)

Las Vegas, NV 88,800 1,310 90 2,540

Rio All-Suite Hotel & Casino (a)

Las Vegas, NV 117,300 1,050 70 2,520

Bally’s Las Vegas Las Vegas, NV 68,400 840 60 2,810

The Cromwell Las Vegas, NV 41,600 400 30 190

Flamingo Las Vegas Las Vegas, NV 72,300 800 60 3,450

The LINQ Hotel & Casino Las Vegas, NV 36,300 560 40 2,240

Paris Las Vegas Las Vegas, NV 95,300 870 80 2,920

Planet Hollywood Resort & Casino Las Vegas, NV 64,500 970 80 2,500

Caesars Palace Las Vegas Las Vegas, NV 124,200 1,400 180 3,970

Harrah’s Las Vegas Las Vegas, NV 88,800 1,070 60 2,540

Rio All-Suite Hotel & Casino Las Vegas, NV 117,300 1,030 50 2,520

Regional Segment

3 unchanged sentences

Eldorado Resort Casino Reno Reno, NV 70,000 920 40 810

Eldorado Resort Casino Shreveport (b)

Shreveport, LA 28,900 810 30 400

Grand Victoria Casino Elgin, IL 35,600 850 40 —

Hoosier Park (a)

Anderson, IN 55,300 1,480 30 —

Indiana Grand (a)

Shelbyville, IN 80,100 1,090 60 —

Harrah’s Hoosier Park Racing & Casino Anderson, IN 55,300 1,300 30 —

Horseshoe Baltimore (a)

Baltimore, MD 133,300 1,600 210 —

Indiana Grand Shelbyville, IN 80,100 1,480 70 —

Isle of Capri Casino Boonville Boonville, MO 28,000 830 20 140

Isle of Capri Casino Hotel Lake Charles (c)

Isle of Capri Casino Hotel Lake Charles (b)

Westlake, LA 26,200 1,180 50 490

Isle of Capri Casino Kansas City (d)

Kansas City, MO 39,800 890 10 —

Isle of Capri Casino Lula Lula, MS 57,000 860 20 490

Isle Casino Hotel - Black Hawk Black Hawk, CO 28,900 850 20 400

Property Location Casino

Machines Table

Isle of Capri Casino Lula Lula, MS 57,000 860 20 170

Isle Casino Hotel - Black Hawk Black Hawk, CO 26,900 800 30 400

Isle Casino Racing Pompano Park Pompano Beach, FL 54,800 1,160 40 —

Lady Luck Casino - Black Hawk Black Hawk, CO 14,500 390 10 —

Lady Luck Casino Vicksburg (d)

Vicksburg, MS 25,000 580 — 90

Silver Legacy Resort Casino Reno, NV 90,100 900 60 1,680

Tropicana Evansville (e)

Tropicana Evansville (c)

Evansville, IN 46,300 720 20 —

Bally’s Atlantic City (a)(f)

Atlantic City, NJ 127,200 1,760 120 1,210

Belle of Baton Rouge Casino & Hotel (g)

Belle of Baton Rouge Casino & Hotel (c)

Baton Rouge, LA 28,500 570 — 290

Caesars Atlantic City (a)

Atlantic City, NJ 113,400 2,130 150 1,140

Caesars Southern Indiana (a)(e)(h)

Elizabeth, IN 74,400 660 80 500

Harrah’s Atlantic City (a)

Atlantic City, NJ 156,300 2,040 160 2,590

Harrah’s Council Bluffs (a)

Council Bluffs, IA 21,400 480 20 250

Harrah’s Gulf Coast (a)

Biloxi, MS 31,900 630 30 500

Harrah’s Joliet (a)

Joliet, IL 39,000 1,090 30 200

Harrah’s Lake Tahoe (a)

Lake Tahoe, NV 53,600 770 60 510

Harrah’s Laughlin (a)

Laughlin, NV 56,400 600 40 1,510

Harrah’s Louisiana Downs (a)(h)(i)

Caesars Atlantic City Atlantic City, NJ 113,400 1,900 130 1,150

Harrah’s Atlantic City Atlantic City, NJ 150,100 1,860 130 2,590

Harrah’s Council Bluffs Council Bluffs, IA 23,100 510 20 250

Harrah’s Gulf Coast Biloxi, MS 31,900 600 30 500

Harrah’s Joliet Joliet, IL 39,000 880 20 200

Harrah’s Lake Tahoe Lake Tahoe, NV 53,600 720 60 510

Harrah’s Laughlin Laughlin, NV 58,200 760 40 1,510

Harrah’s Louisiana Downs (c)

Bossier City, LA 12,000 820 — —

Harrah’s Metropolis (a)

Metropolis, IL 24,300 450 20 260

Harrah’s New Orleans (a)

New Orleans, LA 101,100 1,380 100 450

Harrah’s North Kansas City (a)

Harrah’s Metropolis Metropolis, IL 23,500 650 20 210

Harrah’s New Orleans New Orleans, LA 103,800 1,260 120 450

Harrah’s North Kansas City N.

Kansas City, MO 60,100 960 60 390

Harrah’s Philadelphia (a)

Chester, PA 110,500 2,270 70 —

Harrah’s Reno (a)(j)

Reno, NV 42,800 590 20 930

Harveys Lake Tahoe (a)

Lake Tahoe, NV 46,700 310 50 740

Horseshoe Bossier City (a)

Bossier City, LA 28,300 1,140 70 600

Horseshoe Council Bluffs (a)

Council Bluffs, IA 59,900 1,370 60 150

Horseshoe Hammond (a)(e)(h)

Hammond, IN 116,500 1,260 110 —

Horseshoe Tunica (a)

Tunica, MS 63,000 980 100 510

Isle Casino Bettendorf (k)

Bettendorf, IA 35,500 640 20 510

Isle Casino Waterloo (k)

Waterloo, IA 37,400 600 20 190

Harrah’s Philadelphia Chester, PA 99,500 1,700 70 —

Harveys Lake Tahoe Lake Tahoe, NV 51,100 600 30 740

Horseshoe Bossier City Bossier City, LA 28,300 1,060 60 600

Horseshoe Council Bluffs Council Bluffs, IA 55,100 1,330 60 150

Horseshoe Hammond Hammond, IN 116,500 1,970 120 —

Horseshoe Tunica Tunica, MS 63,000 970 100 510

Isle Casino Bettendorf Bettendorf, IA 36,700 900 20 510

Isle Casino Waterloo Waterloo, IA 39,200 890 20 190

Lumière Place Casino St.

Louis, MO 75,000 1,160 30 490

MontBleu Casino Resort & Spa (b)

MontBleu Casino Resort & Spa (c)

Stateline, NV 40,500 210 10 440

Trop Casino Greenville Greenville, MS 22,800 470 — —

Tropicana Casino and Resort, Atlantic City Atlantic City, NJ 121,900 2,360 120 2,360

Tropicana Atlantic City Atlantic City, NJ 121,700 2,020 120 2,360

Tropicana Laughlin Hotel & Casino Laughlin, NV 43,200 660 10 1,490

Managed, International, CIE Segment

Owned-International

Caesars Cairo (a)(h)

Egypt 6,500 30 20 —

Ramses Casino (a)(h)

Egypt 2,700 40 20 —

Emerald Casino Resort (a)(h)

South Africa 37,400 410 20 190

Alea Glasgow (a)(h)

United Kingdom 22,000 50 20 —

Alea Nottingham (a)(h)

United Kingdom 15,200 50 10 —

The Empire Casino (a)(h)

United Kingdom 20,400 150 40 —

Manchester235 (a)(h)

United Kingdom — 40 30 —

Playboy Club London (a)(h)

United Kingdom 10,000 20 20 —

Rendezvous Brighton (a)(h)

United Kingdom 15,000 60 20 —

The Sportsman (a)(h)

United Kingdom 5,800 40 10 —

Harrah’s Ak-Chin (a)

Phoenix, AZ 65,200 830 20 530

Harrah’s Cherokee (a)

Cherokee, NC 191,800 2,100 160 1,110

Harrah’s Cherokee Valley River (a)

Murphy, NC 65,000 700 180 180

Harrah’s Resort Southern California (a)

Funner, CA 72,900 1,110 50 1,090

Property Location Casino

Machines Table

Horseshoe Baltimore (a)(l)

Baltimore, MD 133,300 1,900 210 —

Caesars Windsor (a)

Canada 100,000 470 — —

Kings & Queens Casino (a)

Egypt 2,100 30 10 —

Caesars Dubai (a)

United Arab Emirates — — — 580

Managed and Branded Segment

Harrah’s Ak-Chin Phoenix, AZ 65,200 1,150 50 530

Harrah’s Cherokee Cherokee, NC 211,800 2,870 160 1,830

Harrah’s Cherokee Valley River Murphy, NC 66,000 1,000 60 300

Harrah’s Resort Southern California Funner, CA 72,900 1,490 50 1,090

Caesars Windsor Canada 100,000 1,670 50 760

Caesars Dubai United Arab Emirates — — — 580

Caesars Southern Indiana (d)

Elizabeth, IN 74,400 1,100 90 500

Harrah’s Northern California Ione, CA 30,100 850 20 —

____________________

(a) These properties were acquired from the Merger with Former Caesars on July 20, 2020.

(b) In April 2020, the Company entered into an agreement to sell Eldorado Shreveport and MontBleu.

The sale of Eldorado Shreveport closed on December 23, 2020, and the sale of MontBleu is expected to close in the first half of 2021.

As of December 31, 2020, MontBleu's assets and liabilities were classified as held for sale.

Lake Charles has been temporarily closed since the end of August 2020 due to damages.

The property remains closed until construction of a new land-based casino is complete.

(d) Kansas City and Vicksburg were sold on July 1, 2020.

(e) On October 27, 2020, the Company entered into an agreement to sell Tropicana Evansville, which is expected to close mid-2021 and on December 24, 2020, the Company entered into an agreement to sell Caesars Southern Indiana, which is expected to close in the third quarter of 2021.

In addition, the Company plans to enter into an agreement to divest of Horseshoe Hammond prior to December 31, 2021, as the deadline was extended by the Indiana Gaming Commission.

As of December 31, 2020, Evansville’s assets and liabilities were classified as held for sale.

(f) Bally's Atlantic City was sold on November 18, 2020.

(g) On December 1, 2020, the Company entered into an agreement to sell Belle of Baton Rouge to Casino Queen Holdings, which is expected to close in mid-2021.

As of December 31, 2020, Belle of Baton Rouge's assets and liabilities were classified as held for sale.

(h) As a result of the Merger, these properties met the requirements for presentation as discontinued operations and held for sale as of December 31, 2020.

(i) On September 3, 2020, the Company entered into an agreement to sell Harrah’s Louisiana Downs, which is expected to close in the first half of 2021.

(j) Harrah’s Reno was sold on September 30, 2020.

(k) On October 27, 2020, the Company entered into agreement with GLPI to exchange real estate relating to Isle Casino Bettendorf and Isle Casino Hotel Waterloo for the real estate relating to Evansville.

The exchange closed on December 18, 2020.

(l) As of December 31, 2020, Horseshoe Baltimore was 44.3 % owned and held as an equity-method investment.

In addition to our properties listed above, other domestic and international properties, including Harrah’s Northern California, are authorized to use the brands and marks of Caesars Entertainment, Inc.

(a) On August 26, 2021, the Company increased its ownership interest in Horseshoe Baltimore to 75.8% and began to consolidate the property in our Regional segment following the change in ownership.

Management fees prior to the consolidation of Horseshoe Baltimore have been reflected in the Managed and Branded segment.

(b) Isle of Capri Casino Hotel Lake Charles (“Lake Charles”) has been temporarily closed since the end of August 2020 due to damage from Hurricane Laura and will remain closed until the second half of 2022 when construction of a new land-based casino is expected to be complete.

Management’s Discussion and Analysis of Financial Condition and Results of Operations - Overview for additional details.

(d) The sale of Caesars Southern Indiana closed on September 3, 2021 and the Company entered into a license agreement with the EBCI for the continued use of the Caesars brand and the Caesars Rewards loyalty program at Caesars Southern Indiana.

The properties listed above exclude international properties which have been sold or we have entered into agreements to sell.

The sale of Caesars Entertainment UK, including the interest in Emerald Resort & Casino (together, “Caesars UK Group”) closed on July 16, 2021, in which the buyer assumed all liabilities associated with the Caesars UK Group.

Additionally, on September 8, 2021, the Company entered into an agreement to sell William Hill International, which is expected to close in the second quarter of 2022.

Other properties of ours include The LINQ Promenade, next to The LINQ Hotel & Casino (the “LINQ”) and the CAESARS FORUM conference center in our Las Vegas segment.

2 unchanged sentences

Legal Proceedings

For a discussion of our “Legal Proceedings,” refer to Note 11 to our consolidated financial statements located elsewhere in this Annual Report on Form 10-K.

For a discussion of our “Legal Proceedings,” refer to Note 11 to our Financial Statements located elsewhere in this Annual Report on Form 10-K.

Mine Safety Disclosures

1 unchanged sentence

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 2. Properties