Profile: Caesars Acquisition Co (CACQ.O)
23 Jun 2017
Caesars Acquisition Company (CAC), incorporated on February 25, 2013, owns voting membership units of Caesars Growth Partners, LLC (CGP LLC), a joint venture between CAC and subsidiaries of Caesars Entertainment Corporation (CEC or Caesars Entertainment). CAC serves as CGP LLC's managing member and sole holder of all of its outstanding voting units. CAC's primary asset is its membership interest in CGP LLC. Certain subsidiaries of Caesars Entertainment hold all of CGP LLC's outstanding non-voting units. CGP LLC is a casino asset and entertainment company. Through its relationship with Caesars Entertainment, CGP LLC has the ability to access Caesars Entertainment's management know-how, brand equity, Total Rewards loyalty program and structural synergies. As of December 31, 2016, CGP LLC's Interactive Entertainment business consisted of two operating units: The World Series of Poker (WSOP) and regulated online real money gaming (RMG). CGP LLC's casino properties and developments include Planet Hollywood Resort & Casino in Las Vegas (Planet Hollywood), The LINQ Hotel & Casino, Bally's Las Vegas, The Cromwell, Horseshoe Baltimore Casino (Horseshoe Baltimore) and Harrah's New Orleans.
Caesars Enterprise Services, LLC (CES), a services joint venture among Caesars Entertainment Operating Company, Inc. (CEOC); Caesars Entertainment Resort Properties, LLC (CERP), a subsidiary of Caesars Entertainment, and the Company, (together, the Members), manages CGP LLC's properties. CES manages certain enterprise assets, which include all intellectual property used, or contemplated to be used, in connection with the properties owned by CEOC, CERP and CGP LLC and their respective affiliates. CES also manages other assets it owns, licenses or controls. Caesars Interactive Entertainment, LLC (CIE), which is a subsidiary of CGP LLC, holds WSOP and RMG businesses. The WSOP is an annual poker event and organizer of the regional poker tour. As of December 31, 2016, CIE offered three regulated online real money gaming Websites in New Jersey that used and promoted the Caesars, Harrah's and WSOP brands, including CaesarsCasino.com, HarrahsCasino.com and WSOP.com.
CIE operates WSOP.com in Nevada and WSOP.com and HarrahsCasino.com in New Jersey on 888 Atlantic Limited (888)'s platform, and operates CaesarsCasino.com in New Jersey on the NYX Gaming Group (NYX) casino platform. CIE markets the WSOP brand through various avenues, such as live events, licensing and sponsorships. CIE licenses the WSOP brand for consumer products. CIE also licenses the WSOP trademark to an affiliate of 888 for their use in 888's operation of WSOP.co.uk, which is a regulated online real money gaming Website in the United Kingdom primarily focused on poker. In addition, CIE licenses the Caesars trademark to Gamesys Limited for their use in the operation of regulated online real money gaming Websites, CaesarsCasino.co.uk and CaesarsBingo.co.uk, in the United Kingdom, which primarily focus on casino and bingo-related games, respectively. CIE has the rights to sell camera-visible brand placements within its television and live Internet broadcast programming to third-party advertisers.
Planet Hollywood is a casino resort located on the Las Vegas Strip in Las Vegas, Nevada. As of December 31, 2016, Planet Hollywood included a 2,500-room hotel, which offered deluxe guestrooms and suites, and a 64,500 square foot casino, which featured approximately 1,080 slot machines and 100 table games. The facility also has food and beverage outlets, an outdoor pool area and a spa that is leased to a third party. The Cromwell is a boutique lifestyle hotel and casino located at the heart of the Las Vegas Strip. As of December 31, 2016, the Cromwell featured 188 luxury hotel rooms; the GIADA restaurant; a 40,000 square foot casino, which featured approximately 390 slot machines and 50 table games, and a rooftop indoor/outdoor dayclub/nightclub and after hours club called Drai's.
The LINQ Hotel & Casino is located on the Las Vegas Strip next to The LINQ Promenade, an outdoor retail and dining area. As of December 31, 2016, the LINQ Hotel & Casino featured approximately 2,250 rooms; a 31,900 square foot casino with approximately 760 slot machines and 70 table games; various bars and restaurants, including the Hash House A Go Go and Guy Fieri's Las Vegas restaurant; entertainment offerings, including Frank Marino's Divas Las Vegas and Mat Franco-Magic Reinvented Nightly; a pool deck offering two pools and a day club experience; a spa and fitness center, and conference and meeting space. As of December 31, 2016, Bally's Las Vegas featured approximately 2,810 rooms and suites; a 68,400 square foot casino, which featured approximately 1,000 slot machines and 70 table games; various restaurants, including BLT Steak restaurant; an Olympic-sized pool; a spa and salon, and retail shopping.
Harrah's New Orleans is a French-themed resort and casino. As of December 31, 2016, Harrah's New Orleans featured approximately 450 rooms and suites, a 125,100 square foot casino featuring approximately 1,580 slot machines and 150 table games, and restaurants and bars (including the Ruth's Chris Steakhouse, Besh Steak and Acme Oyster House), as well as the Masquerade nightclub. Horseshoe Baltimore offers gaming amenities. As of December 31, 2016, the 122,000-square foot casino offered approximately 2,200 slot machines, 180 table games and a WSOP-branded poker room. The entertainment complex features a range of nightlife options, such as 14Forty, a multi-level entertainment venue, and signature restaurants.
Caesars Acquisition Co
1 Caesars Palace Dr
LAS VEGAS NV 89109-8969