MITCH GARBER- CAESARS GROWTH PARTNERS

OFFICIALLY SEAL THE DEAL ON HARRAH'S NEW ORLEANS

The Louisiana Gaming Control Board has officially approved the sale of Caesars Entertainment Corporation (NASDAQ: CZR) property Harrah's New Orleans to Caesars Growth Partners (CGP), an entertainment and casino asset of Caesars Acquisition Company (NASDAQ: CACQ).

Caesars Acquisition Co. and Caesars Entertainment Corp. made a joint announcement about the finalization of the deal a day following the May 19th approval by the gaming commission.

The transaction will not interrupt the daily operations at Harrah’s New Orleans and the acquired property will remain included in the Total Rewards Network.

This comes after the recent regulatory consent granted to CGP by the Nevada Gaming Commission and the entity’s success in securing $700 million in financing to close on the purchase of The Cromwell, Bally's Las Vegas and The Quad Resort & Casino from parent company Caesars Entertainment Corporation. Caesars Growth Partners plans on replacing this loan with $2 billion in financing, which will incorporate restructuring Planet Hollywood’s $485 million debt.

About Caesars Growth Partners

Caesars Growth Partners is an entertainment company that solely concentrates its efforts on growing a portfolio of high-growth operating assets and equity and debt investments with strong value potential through acquisitions in the interactive and gaming entertainment industries. www.caesarsacquisitioncompany.com

Caesars Acquisition Company (NASDAQ: CACQ), led by President and CEO Mitch Garber is an equity stakeholder in Caesars Growth Partners, LLC through Caesars Interactive Entertainment where Mitch Garber Caesars also sits as CEO.

The joint partnership is with Casino Properties and Developments, a subsidiary of parent company Caesars Entertainment Corporation (NASDAQ: CZR)

To learn more:

www.wsop.comwww.caesars.comwww.caesarsacquisitioncompany.comwww.caesarsinteractive.comwww.mitchgarber.com