This prospectus is part of a registration statement on Form S-3 that we filed with the Securities and Exchange Commission (the
SEC) using a shelf registration process. Under the shelf registration process, the selling stockholders may offer and sell pursuant to one or more prospectus supplements, from time to time, shares of our Class A common stock,
through public or private transactions or through other means described in the section of this prospectus entitled Plan of Distribution at prevailing market prices, at prices different than prevailing market prices or at privately
negotiated prices, up to an aggregate of 607,395 shares of our Class A common stock. The prices at which the selling stockholders may sell shares of our Class A common stock may be determined by the prevailing market price for the shares at the time
of sale, may be different than such prevailing market prices or may be determined through negotiated transactions with third parties.
This prospectus and the documents incorporated by reference herein describe the general terms of these securities and the general manner in
which these securities will be offered. We will provide the amounts, prices and specific terms of these securities in supplements to this prospectus. The prospectus supplements will also describe the specific manner in which these securities will be
offered and may also supplement, update or amend information contained in this prospectus. In addition, if the selling stockholders offer securities to or through underwriters, dealers or agents, their names and other applicable details will be
included in a prospectus supplement. Information filed with the SEC subsequent to the date of this prospectus and prior to the termination of the particular offering referred to in the applicable prospectus supplement will automatically be deemed to
update and supersede inconsistent information contained in this prospectus. You should read this prospectus and any applicable prospectus supplement, together with the additional information described under the section entitled Where You Can
Find Additional Information, before you invest.
The prospectus supplement may also contain information about any material U.S.
federal income tax considerations relating to the securities covered by the prospectus supplement.
RISK FACTORS
An investment in our Class A common stock involves a high degree of risk. You should carefully consider the risk factors set forth below, as
well as the other information contained in this prospectus or incorporated herein by reference, before deciding whether to invest in our Class A common stock. In addition to those listed below and elsewhere in this prospectus, you should also
consider the risks, uncertainties and assumptions discussed under the caption Risk Factors included in (i) our Annual Report on Form 10-K for the year ended December 31, 2015, (ii) our Quarterly Reports on Form 10-Q for the quarters
ended March 31, 2016 and June 30, 2016 and (iii) our Current Reports on Form 8-K filed on September 12, 2016, which we incorporated by reference into this prospectus in accordance with Information Incorporated by Reference. Any of
these risks could materially and adversely affect our business, financial condition or operating results. In such a case, the trading price of our Class A common stock would likely decline due to any of these risks, and you may lose all or a part of
your original investment.
Risks Related to Our Class A Common Stock
Caesars Entertainments call right on our Class A common stock may result in you being forced to sell our Class A common stock at a disadvantageous
time and will cause you to own stock of Caesars Entertainment. This call right may not occur at all due to the discretion of Caesars Entertainment or the inability of Caesars Entertainment to meet the conditions required to exercise such right.
After October 21, 2016, Caesars Entertainment will have the right, which it may assign to any of its affiliates or to any
transferee of all non-voting units of CGP LLC held by Caesars Entertainment, to acquire all or a portion of the voting units of CGP LLC (or, at our option, shares of CACs Class A common stock) not otherwise owned by Caesars Entertainment at
such time. As a result, you may be forced to sell your shares of CACs Class A common stock on little notice and at a value that may cause you to realize a loss. The exercise of this right by Caesars Entertainment will result in you receiving
consideration entirely or partly in the form of stock of Caesars Entertainment, which may be a tax-free reorganization for U.S. federal income tax purposes in certain circumstances. If the exchange is not a tax-free reorganization, you may recognize
gain or loss for U.S. federal income tax purposes on such exchange depending on the amount of cash and the value of the stock of Caesars Entertainment you receive in such exchange and the adjusted tax basis of your shares of CACs Class A
common stock. There can be no assurances that the stock of Caesars Entertainment will maintain its value from the time of Caesars Entertainments exercise of the call right or be part of an active trading market. As a consequence, you may be
forced to dispose of the stock of Caesars Entertainment at a great loss.
In addition, Caesars Entertainment may exercise the call right
in its sole discretion, subject to meeting certain conditions, or Caesars Entertainment may decide to not exercise the call right for any reason whatsoever. Moreover, if Caesars Entertainment does not meet certain liquidity requirements, debt
leverage ratio and other requirements, it will be unable to exercise the call right. The uncertainty as to the timing of the exercise of the call right, if at all, by Caesars Entertainment may adversely affect the trading value of our stock.
CGP LLC is required to be liquidated on April 21, 2022, which may result in you receiving less than the full value of your Class A common stock.
Following October 21, 2018 and until April 21, 2022, our board of directors (the Board) will have the right to cause a
liquidation of CGP LLC, including the sale or winding up of CGP LLC or other monetization of all of its assets. On April 21, 2022 (unless otherwise agreed by Caesars Entertainment and CAC), if our Board has not previously exercised its liquidation
right, CGP LLC shall, and our Board shall cause CGP LLC to, effect a liquidation. Because the liquidation will occur on a set schedule, it is possible that regulations or market factors at the time of liquidation may impede the ability to liquidate
the assets of CGP LLC. If CGP LLC is unable to liquidate portions of its assets, proceeds from the liquidation will be negatively impacted. Moreover, the forced
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liquidation does not preserve the flexibility to maximize the value of CGP LLCs assets in a sale by waiting for an advantageous time. In addition, CACs allocable portion of the gain
(if any) on the liquidation of the assets of CGP LLC will generally be subject to U.S. federal income tax at the regular corporate rate. As a result, you may receive less than the full value of your Class A common stock should liquidation occur on
April 21, 2022.
An active trading market for our Class A common stock may not develop.
Prior to our listing on the NASDAQ Global Select market on November 19, 2013, there had not been a public market for our Class A common stock.
We cannot predict the extent to which investor interest in us will lead to the development of an active trading market or how liquid that market might become. The Sponsors own approximately 65.6% of our Class A common stock and while the shares are
eligible for resale, currently such shares are not available for the public market. As a result, our shares may be less liquid than the shares of other newly public companies or other public companies generally and there may be imbalances between
supply and demand for our shares. As a result, our share price may experience significant volatility and may not necessarily reflect the value of our expected performance. If an active trading market does not develop, you may have difficulty selling
any of our common stock that you buy. Consequently, you may not be able to sell our Class A common stock at prices equal to or greater than the price you paid.
Future sales or the possibility of future sales of a substantial amount of our Class A common stock may depress the price of shares of our Class A
common stock.
Future sales or the availability for sale of substantial amounts of our Class A common stock in the public market
could adversely affect the prevailing market price of our Class A common stock and could impair our ability to raise capital through future sales of equity securities.
All of the outstanding shares of our Class A common stock are eligible for resale under Rule 144 or Rule 701 of the Securities Act of 1933, as
amended (the Securities Act), subject to volume limitations, applicable holding period requirements and the lock-up agreements or other contractual restrictions related to certain of our stockholders.
We cannot predict the size of future issuances of our Class A common stock or other securities or the effect, if any, that future issuances
and sales of our Class A common stock or other securities, including future sales by Caesars Entertainment, will have on the market price of our Class A common stock. Sales of substantial amounts of Class A common stock (including shares of Class A
common stock issued in connection with an acquisition), or the perception that such sales could occur, may adversely affect prevailing market prices for our Class A common stock.
The price and trading volume of our Class A common stock may fluctuate significantly, and you could lose all or part of your investment.
The market price of our Class A common stock may be highly volatile and could be subject to wide fluctuations. In addition, the trading volume
of our Class A common stock may fluctuate and cause significant price variations to occur. Volatility in the market price of our Class A common stock may prevent you from being able to sell your shares at or above the price you paid for your shares
of Class A common stock. The market price for our Class A common stock could fluctuate significantly for various reasons, including:
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our operating and financial performance and prospects;
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news and events regarding CEOCs bankruptcy and negotiations with its creditors;
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the outcome of litigation against CEC and its affiliates;
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our quarterly or annual earnings or those of other companies in our industry;
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conditions that impact demand for the products and services of CGP LLCs businesses;
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the publics reaction to our press releases, other public announcements and filings with the SEC;
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changes in earnings estimates or recommendations by securities analysts who track our Class A common stock;
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market and industry perception of our success, or lack thereof, in pursuing our growth strategy;
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strategic actions by us or our competitors, such as acquisitions or restructurings;
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changes in government and environmental regulation, including gaming taxes;
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changes in accounting standards, policies, guidance, interpretations or principles;
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arrival and departure of key personnel;
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the small percentage of our shares that are publicly traded;
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changes in our capital structure;
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increases in market interests rates that would decrease the value of CGP LLCs fixed-rate securities;
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changes in the stock price of, or a restructuring of, Caesars Entertainment;
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sales of Class A common stock by us or affiliates of the Sponsors;
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the expiration of contractual lock-up agreements; and
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changes in general market, economic and political conditions in the United States and global economies or financial markets, including those resulting from natural disasters, terrorist attacks, acts of war and responses
to such events.
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In addition, in recent years, the stock market has experienced significant price and volume fluctuations.
This volatility has had a significant impact on the market price of securities issued by many companies, including companies in the gaming, lodging, hospitality and entertainment industries. The changes frequently appear to occur without regard to
the operating performance of the affected companies. Hence, the price of our Class A common stock could fluctuate based upon factors that have little or nothing to do with us, and these fluctuations could materially reduce our share price.
The bonds of CEOC and other fixed rate securities we hold are sensitive to fluctuations in interest rates and would decrease in value if the interest
rate increases.
As of June 30, 2016, CAC held approximately $290 million in aggregate principal amount of the CEOC Notes with
fixed rates of interest. Fixed rate securities are sensitive to fluctuations in market interest rates and if interest rates increase, the fixed rate securities held by CAC will decrease in value. Currently, market interest rates have been at record
low rates. Accordingly, an increase in market interest rates from current levels could cause the value of the fixed rate securities to decrease significantly. Pursuant to the terms of the Amended Merger Agreement, CAC does not expect to collect
principal or interest receivable from these notes.
CGP LLC may incur impairments to goodwill, indefinite-lived intangible assets, or long-lived
assets which could negatively affect its future profits.
We review CGP LLCs goodwill, intangible assets and long-lived
assets on an annual basis and during interim reporting periods in accordance with the authoritative guidance. Significant negative trends, reduced estimates of future cash flows, disruptions to our business, slower growth rates or lack of growth
have resulted in write-downs and impairment charges in the past and, if one or more of such events occurs in the future, additional impairment charges may be required in future periods. If CGP LLC is required to record additional impairment charges,
this could have a material adverse impact on its consolidated results of operations.
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Hamlet Holdings controls us and their interests may conflict with or differ from your interests as a
stockholder.
Hamlet Holdings beneficially owns approximately 65.6% of our Class A common stock. Hamlet Holdings has the power to
control our Board. Moreover, Hamlet Holdings has the ability to vote on any transaction that requires the approval of our stockholders, including the approval of significant corporate transactions such as mergers and the sale of substantially all of
our assets. In addition, Hamlet Holdings, the members of which are comprised of individuals affiliated with the Sponsors, as of June 30, 2016 beneficially owned a majority of Caesars Entertainments common stock through an irrevocable proxy
providing Hamlet Holdings with sole voting and sole dispositive power over those shares of stock that are held by funds affiliated with and controlled by the Sponsors and their co-investors, which gives them power to elect all of Caesars
Entertainments directors. As a result, even though an independent committee of the board of directors of Caesars Entertainment may make decisions with regard to development opportunities for CGP LLC, Hamlet Holdings is in a position to exert a
significant influence over both of CAC and Caesars Entertainment and the direction of their business and operations.
The interests of
Hamlet Holdings and the Sponsors could conflict with or differ from the interests of holders of our Class A common stock. Affiliates of the Sponsors are in the business of making or advising on investments in companies they hold, and may from time
to time in the future acquire interests in or provide advice to businesses that directly or indirectly compete with certain portions of our business or are suppliers or customers of ours or may pursue acquisitions that may be complementary to our
business, in which case and, as a result, those acquisition opportunities may not be available to us.
The concentration of ownership held
by Hamlet Holdings could delay, defer or prevent a change of control of us or impede a merger, takeover or other business combination which another stockholder may otherwise view favorably. In addition, a sale of a substantial number of shares of
stock in the future by Hamlet Holdings could cause our stock price to decline. So long as Hamlet Holdings continues to beneficially own a significant amount of the outstanding shares of our Class A common stock, Hamlet Holdings will continue to be
able to exert strong influence over our decisions.
Our stockholders are subject to extensive governmental regulation and if a stockholder is found
unsuitable by the gaming authority, that stockholder would not be able to beneficially own our Class A common stock directly or indirectly and we will have the right to redeem the Class A common stock of such disqualified holder.
In many jurisdictions, gaming laws can require any of our stockholders to file an application, be investigated and qualify or have his, her or
its suitability determined by gaming authorities. Gaming authorities have very broad discretion in determining whether an applicant should be deemed suitable. Subject to certain administrative proceeding requirements, the gaming regulators have the
authority to deny any application or limit, condition, restrict, revoke or suspend any license, registration, finding of suitability or approval, or fine any person licensed, registered or found suitable or approved, for any cause deemed reasonable
by the gaming authorities. For additional information on the criteria used in making determinations regarding suitability, see Gaming Regulation Overview in Exhibit 99.2 of the Companys Annual Report on Form 10-K for the year ended
December 31, 2015.
For example, under Nevada gaming laws, each person who acquires, directly or indirectly, beneficial ownership of any
voting security, or beneficial or record ownership of any non-voting security or any debt security, in a public corporation which is registered with the Nevada Gaming Commission, or the Gaming Commission, may be required to be found suitable if the
Gaming Commission has reason to believe that his or her acquisition of that ownership, or his or her continued ownership in general, would be inconsistent with the declared public policy of Nevada, in the sole discretion of the Gaming Commission.
Any person required by the Gaming Commission to be found suitable shall apply for a finding of suitability within 30 days after the Gaming Commissions request that he or she should do so and, together with his or her application for
suitability, deposit
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with the Nevada Gaming Control Board (the Control Board), a sum of money which, in the sole discretion of the Control Board, will be adequate to pay the anticipated costs
and charges incurred in the investigation and processing of that application for suitability, and deposit such additional sums as are required by the Control Board to pay final costs and charges.
Furthermore, any person required by a gaming authority to be found suitable, who is found unsuitable by the gaming authority, may not hold
directly or indirectly the beneficial ownership of any voting security or the beneficial or record ownership of any non-voting security or any debt security of any public corporation which is registered with the gaming authority beyond the time
prescribed by the gaming authority. Such a finding could result in an owner of our securities being required to dispose of their securities at prices less than the price paid for such securities. A violation of the foregoing may constitute a
criminal offense. A finding of unsuitability by a particular gaming authority impacts that persons ability to associate or affiliate with gaming licensees in that particular jurisdiction and could impact the persons ability to associate
or affiliate with gaming licensees in other jurisdictions. The Certificate of Incorporation contains provisions establishing the right to redeem our Class A common stock held by disqualified holders if such holder is determined by any gaming
regulatory agency to be unsuitable.
Many jurisdictions also require any person who acquires beneficial ownership of more than a certain
percentage of voting securities of a gaming company and, in some jurisdictions, non-voting securities, typically 5%, to report the acquisition to gaming authorities, and gaming authorities may require such holders to apply for qualification or a
finding of suitability, subject to limited exceptions for institutional investors that hold a companys voting securities for investment purposes only. Under Maryland gaming laws, we may not sell or otherwise transfer more than 5%
of the legal or beneficial interest in Horseshoe Baltimore without the approval of the Maryland Lottery and Gaming Control Commission, or the Maryland Commission, after the Maryland Commission determines that the transferee is qualified or grants
the transferee an institutional investor waiver. Some jurisdictions may also limit the number of gaming licenses in which a person may hold an ownership or a controlling interest and in Maryland an individual or business entity may not own an
interest in more than one video lottery facility. It is unclear whether and to what extent such prohibitions will apply to online real money gaming operations when and if such operations become legal in U.S. jurisdictions other than Nevada, New
Jersey, and Delaware.
Your percentage ownership in us may be diluted in the future
Your percentage ownership in CAC may be diluted in the future because of equity awards that may be granted to our directors, officers,
employees and service providers in the future. We may decide to establish equity incentive plans that will provide for the grant of common stock-based equity awards to our directors, officers, employees and service providers. In addition, we may
issue equity in order to raise capital or in connection with future acquisitions and strategic investments, which would dilute your percentage ownership.
Pursuant to the terms of the Amended Merger Agreement, it is anticipated that each share of our common stock issued and outstanding
immediately prior to the effective date of the Merger will be converted into, and become exchangeable for, shares of CEC common stock in a ratio to ensure that holders of our common stock receive shares equal to 27% of the outstanding CEC common
stock on a fully diluted basis. This will result in pro rata dilution to all holders of CAC common stock immediately prior to the closing of the Amended Merger Agreement.
Because we do not anticipate paying dividends on our Class A common stock in the foreseeable future, you should not expect to receive dividends on
shares of our Class A common stock.
We have no present plans to pay cash dividends to our stockholders and, for the foreseeable
future, intend to retain all of our earnings for use in our business. The declaration of any future dividends by us is within the discretion of our Board and will be dependent on our earnings, financial condition and capital requirements, as well as
any other factors deemed relevant by our Board.
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We are a parent company and our primary source of cash is and will be distributions from CGP LLC.
We are a parent company with limited business operations of our own. Our main asset is our units in CGP LLC. Accordingly, our
primary sources of cash are dividends and distributions with respect to our ownership interests in CGP LLC. CGP LLC might not generate sufficient earnings and cash flow to pay dividends or distributions in the future.
We are a controlled company within the meaning of the NASDAQ Marketplace rules and, as a result, will qualify for, and intend to rely on,
exemptions from certain corporate governance requirements.
Hamlet Holdings controls a majority of our voting Class A common stock.
As a result, we are a controlled company within the meaning of the NASDAQ corporate governance standards. Under the NASDAQ Marketplace rules, a company of which more than 50% of the voting power is held by an individual, group or another
company is a controlled company and we have elected not to comply with certain NASDAQ corporate governance requirements, including:
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the requirement that we have a nominating and corporate governance committee that is composed entirely of independent directors;
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the requirement that we have a compensation committee that is composed entirely of independent directors; and
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the requirement for an annual performance evaluation of the nominating and corporate governance and compensation committees.
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As a result of these exemptions, our nominating and corporate governance and compensation committees do not consist entirely of independent
directors, and we are not required to have an annual performance evaluation of the nominating and corporate governance and compensation committees. Accordingly, a holder of our Class A common stock will not have the same protections afforded to
stockholders of companies that are subject to all of the NASDAQ corporate governance requirements.
Our bylaws and certificate of incorporation
contain provisions that could discourage another company from acquiring us and may prevent attempts by our stockholders to replace or remove our current management.
Provisions of our bylaws and our certificate of incorporation may delay or prevent a merger or acquisition that stockholders may consider
favorable, including transactions in which you might otherwise receive a premium for your shares. In addition, these provisions may frustrate or prevent any attempts by our stockholders to replace or remove our current management by making it more
difficult for stockholders to replace or remove our directors. These provisions include:
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establishing a classified board of directors;
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establishing limitations on the removal of directors;
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permitting only an affirmative vote of at least two-thirds of the Board to fix the number of directors;
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prohibiting cumulative voting in the election of directors;
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empowering only the board of directors to fill any vacancy on the board of directors, whether such vacancy occurs as a result of an increase in the number of directors or otherwise;
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eliminating the ability of stockholders to call special meetings of stockholders;
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prohibiting stockholders from acting by written consent if the Company ceases to be a controlled company under the NASDAQ Marketplace rules; and
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establishing advance notice requirements for nominations for election to the board of directors or for proposing matters that can be acted on by stockholders at stockholder meetings.
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Together, these charter and statutory provisions could make the removal of management more
difficult and may discourage transactions that otherwise could involve payment of a premium over prevailing market prices for our common stock. Furthermore, the existence of the foregoing provisions, as well as the significant Class A Common Stock
controlled by Hamlet Holdings, could limit the price that investors might be willing to pay in the future for shares of our Class A Common Stock. They could also deter potential acquirers of our company, thereby reducing the likelihood that you
could receive a premium for your Class A Common Stock in an acquisition.
We are an emerging growth company and our possible election to
delay adoption of new or revised accounting standards applicable to public companies may result in our financial statements not being comparable to those of other public companies. As a result of this and other reduced disclosure requirements
applicable to emerging growth companies, our Class A common stock may be less attractive to investors.
We are an emerging growth
company, as defined in the Jumpstart Our Business Startups Act of 2012 (the JOBS Act), and we intend to take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not
emerging growth companies, including, but not limited to, not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act of 2002 (the Sarbanes-Oxley Act), reduced disclosure
obligations regarding executive compensation in our periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and stockholder approval of any golden parachute payments
not previously approved. In addition, Section 107 of the JOBS Act provides that an emerging growth company can take advantage of the extended transition period provided in Section 7(a)(2)(B) of the Securities Act for complying with new
or revised accounting standards such that an emerging growth company can delay the adoption of certain accounting standards until those standards would otherwise apply to private companies.
We have elected to delay such adoption of new or revised accounting standards, and as a result, we may not comply with new or revised
accounting standards on the relevant dates on which adoption of such standards is required for non-emerging growth companies. As a result, our financial statements may not be comparable to the financial statements of other public companies.
We may take advantage of these reporting exemptions until we are no longer an emerging growth company. We will remain an
emerging growth company until the earliest to occur of (i) the last day of the fiscal year during which our total annual gross revenues equal or exceed $1.0 billion , (ii) the last day of the fiscal year following the fifth anniversary
of our initial public offering, (iii) the date on which we have, during the previous three-year period, issued more than $1.0 billion in non-convertible debt or (iv) the date on which we are deemed a large accelerated filer under Rule
12b-2 of the Exchange Act.
We cannot predict if investors will find our Class A common stock less attractive because we will rely on
certain of these exemptions. If some investors find our Class A common stock less attractive as a result, there may be a less active trading market for our Class A common stock and our stock price may be more volatile.
As a result of our becoming a company with publicly traded common stock, our expenses and administrative burden increased and will likely
further increase particularly after we are no longer an emerging growth company as defined in the JOBS Act.
As a company with
publicly traded common stock, we incur legal, accounting and other expenses that we did not incur as a company without a publicly traded equity security. In addition, our administrative staff is required to perform additional tasks. For example, we
need to create or revise the roles and duties of our Board committees and retain a transfer agent. We are also required to hold an annual meeting for our stockholders, which will require us to expend resources to prepare, print and mail a proxy
statement relating to the annual meeting.
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In addition, changing laws, regulations and standards relating to corporate governance and public
disclosure, including the Sarbanes-Oxley Act and related regulations implemented by the SEC and the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank), which amended the Sarbanes- Oxley Act, among other federal laws,
are creating uncertainty for public companies, increasing legal and financial compliance costs and making some activities more time consuming. Dodd-Frank, signed into law on July 21, 2010, effects comprehensive changes to the regulation of financial
services in the United States and will subject us to additional federal regulation. We cannot predict with any certainty the requirements of the regulations ultimately adopted or how Dodd-Frank and such regulations will impact the cost of compliance
for a company with publicly traded common stock. We are currently evaluating and monitoring developments with respect to Dodd-Frank and other new and proposed rules and cannot predict or estimate the amount of the additional costs we may incur or
the timing of such costs. These laws, regulations and standards are subject to varying interpretations, in many cases due to their lack of specificity, and, as a result, their application in practice may evolve over time as new guidance is provided
by regulatory and governing bodies. This could result in continuing uncertainty regarding compliance matters and higher costs necessitated by ongoing revisions to disclosure and governance practices. We intend to invest resources to comply with
evolving laws, regulations and standards, and this investment may result in increased general and administrative expenses and a diversion of managements time and attention from revenue-generating activities to compliance activities. If our
efforts to comply with new laws, regulations and standards differ from the activities intended by regulatory or governing bodies due to ambiguities related to practice, regulatory authorities may initiate legal proceedings against us and our
business may be harmed. We also expect that being a company with publicly traded common stock, these new rules and regulations will make it more expensive for us to obtain director and officer liability insurance, and we may be required to accept
reduced coverage or incur substantially higher costs to obtain coverage. These factors could also make it more difficult for us to attract and retain qualified members of our Board, particularly to serve on our audit committee, and qualified
executive officers.
As discussed elsewhere in this prospectus, as an emerging growth company as defined in the JOBS Act, we
may take advantage of certain temporary exemptions from various reporting requirements, including, but not limited to, not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act, reduced
disclosure obligations regarding executive compensation in our periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and stockholder approval of any golden
parachute payments not previously approved. When these exemptions cease to apply, we expect to incur additional expenses and devote increased management effort toward ensuring compliance with them. We cannot predict or estimate the amount of
additional costs we may incur as a result of becoming a public company or the timing of such costs.
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EXPERTS
The financial statements incorporated in this prospectus by reference from the Companys Annual Report on Form 10-K of Caesars
Acquisition Company as of December 31, 2015 and 2014 and the period from February 25, 2013 (inception date) through December 31, 2013, have been audited by Deloitte & Touche LLP, an independent registered public accounting firm, as stated
in their report, which is incorporated herein by reference (which report expresses an unqualified opinion on the financial statements and includes explanatory paragraphs referring to (1) the Company being a defendant in litigation and other
noteholder disputes relating to certain transactions with related parties and (2) the Company and Caesars Entertainment entering into an Agreement and Plan of Merger, pursuant to which, among other things, the Company plans to merge with and into
Caesars Entertainment, with Caesars Entertainment as the surviving company). Such financial statements have been so incorporated in reliance upon the report of such firm given upon their authority as experts in accounting and auditing.
The combined and consolidated financial statements of Caesars Growth Partners, LLC incorporated in this prospectus by reference from the
Companys Annual Report on Form 10-K of Caesars Acquisition Company as of December 31, 2015 and 2014 and for the period from October 22, 2013 through December 31, 2013, have been audited by Deloitte & Touche LLP, an independent registered
public accounting firm, as stated in their report which is incorporated herein by reference (which report expresses an unqualified opinion on the financial statements and includes explanatory paragraphs referring to (1) Caesars Growth Partners, LLC
being a defendant in litigation and other noteholder disputes relating to certain transactions with related parties and (2) the recast of the financial statements for the results of acquisition of entities under common control in May 2014). Such
combined and consolidated financial statements have been so incorporated in reliance upon the report of such firm given upon their authority as experts in accounting and auditing.
The combined financial statements of Predecessor Growth Partners (predecessor entity to the Company as defined in the financial statements in
the Companys Annual Report on Form 10-K) incorporated in this prospectus by reference from the Companys Annual Report on Form 10-K of Caesars Acquisition Company for the period from January 1, 2013 through October 21, 2013 and for the
year ended December 31, 2012, have been audited by Deloitte & Touche LLP, an independent registered public accounting firm, as stated in their report which is incorporated herein by reference (which report expresses an unqualified opinion on the
financial statements and includes explanatory paragraphs referring to (1) Caesars Acquisition Company and Caesars Entertainment consummating the transactions on October 21, 2013 to form Caesars Growth Partners, LLC with Predecessor Growth Partners
considered the predecessor of Caesars Acquisition Company, (2) the recast of the financial statements for the results of acquisition of entities under common control in May 2014 and (3) the inclusion of allocations of expenses from Caesars
Entertainment, which may not be reflective of the actual level of costs which would have been incurred had the Predecessor Growth Partners operated as a separate combined entity apart from Caesars Entertainment). Such combined financial statements
have been so incorporated in reliance upon the report of such firm given upon their authority as experts in accounting and auditing.
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WHERE YOU CAN FIND ADDITIONAL INFORMATION
We have filed with the SEC a registration statement under the Securities Act with respect to the shares of our Class A common stock offered by
this prospectus. This prospectus, filed as part of the registration statement, does not contain all of the information set forth in the registration statement or the exhibits and schedules thereto as permitted by the rules and regulations of the
SEC. For further information about us and our Class A common stock, you should refer to the registration statement. This prospectus summarizes provisions that we consider material of certain contracts and other documents to which we refer you.
Because the summaries may not contain all of the information that you may find important, you should review the full text of those documents.
The registration statement, including its exhibits and schedules, as well as any other documents that we have filed with the SEC may be
inspected and copied at the public reference facilities maintained by the SEC at 100 F Street, N.E., Room 1580, Washington, D.C. 20549. You may obtain information on the operation of the public reference room by calling 1-202-551-8909. Copies of
such materials are also available by mail from the Public Reference Branch of the SEC at 100 F Street, N.E., Room 1580, Washington, D.C. 20549 at prescribed rates. In addition, the SEC maintains a website at http://www.sec.gov from which interested
persons can electronically access the registration statement, including the exhibits and schedules to the registration statement.
We have
not authorized anyone to give you any information or to make any representations about us or the transactions we discuss in this prospectus other than those contained in this prospectus. If you are given any information or representations about
these matters that is not discussed in this prospectus, you must not rely on that information. This prospectus is not an offer to sell or a solicitation of an offer to buy securities anywhere or to anyone where or to whom we are not permitted to
offer or sell securities under applicable law.
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INFORMATION INCORPORATED BY REFERENCE
The rules of the SEC allow us to incorporate information into this prospectus by reference. The information incorporated by reference is
considered to be a part of this prospectus. This prospectus incorporates by reference the documents listed below:
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our Annual Report on Form 10-K for the year ended December 31, 2015 (including portions of the Proxy Statement for our 2016 Annual Meeting of Stockholders, dated March 24, 2016, solely to the extent incorporated by
reference therein), filed with the SEC on February 29, 2016;
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our Quarterly Reports on Form 10-Q for the quarters ended March 31, 2016 and June 30, 2016, filed with the SEC on May 5, 2016 and August 2, 2016, respectively;
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our Current Reports on Form 8-K, filed on May 27, 2016, June 13, 2016, July 11, 2016, August 2, 2016, September 12, 2016, September 26, 2016, September 29, 2016, September 30, 2016 and October 6, 2016; and
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the description of our Class A common stock contained in our Registration Statement on Form 8-A (filed on November 18, 2013).
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We also incorporate by reference into this prospectus any further filings we make with the SEC under Sections 13(a), 13(c), 14 or 15(d) of the
Exchange Act (other than portions of those made pursuant to Item 2.02 or Item 7.01 of Form 8-K or other information furnished and not filed with the SEC), including all filings filed after the date hereof and prior to the later of (1)
completion of an offering of securities under this prospectus and (2) the termination of the offering of securities under this prospectus.
Any statement made in this prospectus or in a document incorporated by reference into this prospectus will be deemed to be modified or
superseded for purposes of this prospectus to the extent that a statement contained in this prospectus modifies or supersedes that statement. Any statement so modified or superseded will not be deemed, except as so modified or superseded, to
constitute a part of this prospectus.
You can obtain any of the filings incorporated by reference into this prospectus through us or from
the SEC through the SECs website at http://www.sec.gov. We will provide, without charge, to each person, including any beneficial owner, to whom a copy of this prospectus is delivered, upon written or oral request of such person, a copy of any
or all of the reports and documents referred to above which have been or may be incorporated by reference into this prospectus. You should direct requests for those documents to:
Caesars Acquisition Company
One
Caesars Palace Drive
Las Vegas, Nevada 89109
Attn: Corporate Secretary
(702)
407-6000
Our Annual Report on Form 10-K, our Proxy Statement and other reports and documents incorporated by reference herein may also be
found in the Investor section of our website at http://www.caesarsacquisitioncompany.com. Our website and the information contained in it or connected to it shall not be deemed to be incorporated into this prospectus or any registration
statement of which it forms a part.
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607,395 Shares
Caesars Acquisition Company
Class A Common Stock
PROSPECTUS
, 2016