Caesars Acquisition Company (CAC), incorporated on February 25, 2013, was formed to make an equity investment in Caesars Growth Partners, LLC (Growth Partners), which is a joint venture between CAC and Caesars Entertainment Corporation (Caesars Entertainment), which is a diversified casino-entertainment provider. Growth Partners is a casino asset and entertainment company focused on acquiring and developing a portfolio of high-growth operating assets and equity and debt investments in the gaming and interactive entertainment industry. The Company operates through its two businesses: Interactive Entertainment and Casino Properties and Developments. Growth Partners’ portfolio of casino-related assets consists of Planet Hollywood and an investment in a casino project under development in Baltimore, Maryland, the Horseshoe Baltimore. Planet Hollywood is a casino resort located on the Las Vegas Strip in Las Vegas, Nevada. In May 2014, Caesars Entertainment and Caesars Acquisition Company completed the sale of Harrah's New Orleans to Caesars Growth Partners.
Planet Hollywood includes a 2,500-room hotel, which offers deluxe guestrooms and suites. The facility also has an outdoor pool area and an approximately 32,000-square foot spa that is leased to a third party. In addition, the facility adjoins to a retail mall, the Miracle Mile Shops, with 170 retailers and 15 restaurants, and a 1,201 room timeshare tower operated by Hilton Grand Vacations. Planet Hollywood’s 64,500 square foot casino features 1,100 slot machines and 79 table games. The casino offers a diverse selection of slot and video poker machines in a range of denominations, and is also home to a race-and-sports-books facility. The casino’s live table games include traditional blackjack, craps and roulette, in addition to a range of other games, such as Baccarat and Pai Gow Poker. Planet Hollywood’s casino also offers daily poker tournaments in an 11 table World Series of Poker-branded poker room, as well as a variety of live poker games, including Texas Hold ‘Em and other casino poker games.
Adjoining the property are also the Miracle Mile Shops and the 52-story new Elara timeshare tower. The Miracle Mile Shops is a themed entertainment shopping mall with approximately 475,000 square feet of retail space housing over 170 retailers, and an approximately 5,800-space parking facility used by Planet Hollywood and the Miracle Mile Shops, both of which are owned by a third party. Growth Partners owns an interest in the Maryland Joint Venture, which is a joint venture with an affiliate of Rock Gaming LLC and other local investors. CBAC Borrower, LLC (CBAC Borrower), which is a subsidiary of the Maryland Joint Venture, holds a license to operate a casino in the City of Baltimore.
The Company competes with Zynga Poker, Zynga Elite Slots, Zynga Bingo, IGT, WMS, Bash Gaming, Google, Microsoft, Facebook, Electronic Arts, Gameloft Inc., Glu Mobile, Playtech Ltd., 888, bwin.party, The Sporting Exchange Limited, PokerStars and Activision, Inc.
Caesars Acquisition Co
One Caesars Palace Drive
LAS VEGAS NV 89109