UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549  
 
FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
May 18, 2017
Date of Report (Date of earliest event reported)
 
  Caesars Entertainment Corporation
(Exact name of registrant as specified in its charter)
 
 
 
 
 
 
 
Delaware
 
001-10410
 
62-1411755
(State of Incorporation)
 
(Commission
File Number)
 
(IRS Employer
Identification Number)
One Caesars Palace Drive
Las Vegas, Nevada 89109
(Address of principal executive offices) (Zip Code)
(702) 407-6000
(Registrant’s telephone number, including area code)
N/A
(Former Name or Former Address, if Changed Since Last Report)
 
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐






Item 8.01 Other Events.
On May 18, 2017, Caesars Entertainment Corporation and Caesars Entertainment Operating Company, Inc. ("CEOC") issued a joint press release announcing that Baluma Holdings S.A., a non-debtor foreign subsidiary of CEOC (“Baluma Holdings”) has sold Baluma Holdings’ 55% share in Punta del Este Conrad in Uruguay to Enjoy S.A., giving Enjoy S.A. 100% ownership in the Punta del Este Conrad. Baluma Holdings received net proceeds from the transaction of approximately $180 million after distributions to certain minority investors. A copy of the joint press release is attached hereto as Exhibit 99.1 and is incorporated into this report by reference.


Item 9.01 Financial Statements and Exhibits.

(d)     Exhibits . The following exhibit is being filed herewith:

Exhibit No.
Description
99.1
Press Release





 



SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


Date: May 18, 2017
CAESARS ENTERTAINMENT CORPORATION
 
 
 
By: /s/ Scott E. Wiegand
 
Scott E. Wiegand
 
Senior Vice President, Deputy General Counsel and
 
Corporate Secretary



 



EXHIBIT INDEX

Exhibit No.
Description
99.1
Press Release





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