MITCH GARBER- CAESARS INTERACTIVE PARTNERS WITH KMG GAMING & SPIN GAMES TO UP THE ANTE FOR ONLINE GAMERS IN NEW JERSEY

Leading social and mobile casino brand Caesars Interactive Entertainment has partnered with online gaming content developers KMG Gaming and Spin Games to bring new thrilling titles to Caesars online casino properties. This content supply deal is part of an aggressive strategy by Caesars Interactive CEO Mitch Garber to develop a portfolio of high growth assets.

New KMG Gaming and Spin Games titles will be highlighted on the homepage of CaesarsCasino.com and HarrahsCasino.com for the enjoyment of legal-age verified and regisered gamers within the NJ State borders. The seven new titles that are now live on Caesars casino sites will be hosted on the remote gaming servers licensed to Caesars Interactive and are also available In HTML5 format for mobile phone users.

Spin Games LLC President Kent Young expressed his excitement in a statement following the announcement of the live gaming titles in NJ saying, “This stands as a landmark moment for my software development team, this is the first time we will go live on an interactive casino”. Young continued his statements by acknowledging his team’s efforts to bring this deal to fruition.

KMG’s Gaming President Jason Peters added to Young’s statements by commending the skills of the developers from both companies for the quality of the newly released gaming titles and an expedient development process that enabled them to fulfill the deal with Caesars. Peters also praised the HTML5 mobile format that will give fans access to these games at any point in the day.

About Caesars Interactive Entertainment

Caesars Interactive Entertainment, Inc. (CIE) is one of the largest online, mobile and social gaming companies and is focused on casino entertainment. CIE is led by Montreal CEO Mitch Garber and is a subsidiary of Caesars Growth Partners, LLC which is a joint venture between Caesars Acquisition Company (CAC) where Garber is also CEO and Caesars Entertainment Corporation, the world’s most diversified casino-entertainment provider and the most geographically diverse U.S. casino entertainment company.
SOURCE Caesars Interactive http://www.caesarsinteractive.com

For more information visit

http://www.caesarsacquisitioncompany.com
http://www.caesarsinteractive.com
http://www.caesars.com
http://www.mitchgarber.com

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.
http://www.caesarsacquisitioncompany.com

Caesars Acquisition Company (NASDAQ: CACQ), Mitch Garber CEO and President 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)

For more information visit

http://www.caesarsacquisitioncompany.com
http://www.caesarsinteractive.com
http://www.caesars.com
http://www.mitchgarber.com

Caesars CEO Mitch Garber Pleased With Q1 Financial Results

Earlier this month Caesars Acquisition Company (NASDAQ CACQ) announced its first quarter financial earnings results for Caesars Growth Partners, LLC (“CGP LLC”); a joint venture between CACQ and parent company, Caesars Entertainment Corporation (NASDAQ CZR).

Caesars Acquisition Co. revealed solid financial performance from CGP LLC in the Interactive Entertainment area posting strong revenues up 82.4% and Adjusted EBITDA up 42.9% YOY, wholly a result of record breaking performance from social and mobile games.

The Caesars Executive Team expressed their pleasure with the impressive first quarter report with the following statement from Chief Executive Officer of Caesars Acquisition Company Mitch Garber, shortly after the release of the financial data:

“Caesars Growth Partners delivered impressive results for the first quarter… Broad based strength across both segments of the business resulted in strong year over year growth in revenue and Adjusted EBITDA. The recent closing of the asset purchase adds three attractive and complementary properties to CGP’s existing portfolio, reinforcing the strategy of acquiring and developing high growth operating assets with strong value creation potential.

“The Cromwell successfully opened a few weeks ago to a welcoming crowd, and we are excited about the upcoming transformation of The Quad, which has the potential to drive higher operating performance at the property upon reopening. CIE closed its fourth social game acquisition in four years, and Horseshoe Baltimore is on-track to open in the coming months. We believe these additions to the business coupled with ongoing investments to expand the interactive business bode well for CGP’s future outlook.”-  CEO Caesars Acquisition Co. Mitch Garber

CGP LLC Operating Results Overview

• The Casino Properties and Development segment produced equally impressive operating results with revenues up 23% and Adjusted EBITDA up 24.3% YOY

• Completed Pacific Interactive Acquisition, House of Fun slots creator, making this Caesar Interactive Entertainment’s fourth social game acquisition in a four year period

• Successfully closed on the purchase of major casino assets Bally’s Las Vegas, The Cromwell, The Quad resort & Casino in May of this year, diversifying the existing asset portfolio

• Initiated guest focused upgrades as part of the $223 million renovation of the Quad Resort & Casino

For more information visit
http://www.caesarsacquisitioncompany.com
http://www.caesars.com
http://www.caesarsinteractive.com
http://www.mitchgarber.com

CAESARS ACQUISITION COMPANY CEO MITCH GARBER NAMED AN EY ENTREPRENEUR OF THE YEAR™ 2014 FINALIST

Ernst & Young (known as EY) is a global professional services firm that leads in transaction, assurance, tax and advisory services and is one of the “Big Four” accounting firms in the world. Global markets rely on the insights of the more than 700 member firm networks in over 150 countries to instill confidence in capital markets and help create healthy world economies. To learn more about the program, please visit: http://www.ey.com/us/eoy/greaterla.

The prestigious EY Entrepreneur of the Year business award, now in its 28th year, celebrates the contributions of entrepreneurs with strong potential who inspire others with their leadership, vision and achievements. This singular global honor recognizes business leaders who show remarkable distinction and achievement in areas like financial performance, innovation and good will. EY recognizes these individuals through multiple geographic award programs in more than 145 cities in over 60 countries.

EY announced its finalists for the 2014 EY Entrepreneur Of The Year Award this past week where Caesars Acquisition Co., CEO Mitch Garber was named as an EY Entrepreneur of the Year 2014 finalist in the Greater Los Angeles, Nevada and Hawaii region. “Congratulations to all the finalists… It truly is an honor to receive this recognition from the prestigious EY organization and on behalf of my entire team at Caesars Acquisition Company this is a proud achievement for our organization. This is the only award that Magic Johnson has won, that I as a 5’7 inch 49-year-old, can compete for too” said Garber in a recent CACQ (Caesars Acquisition Co.) press release.

A black-tie Awards Gala will be held on Tuesday, June 17, 2014 at the Beverly Hilton Hotel in Beverly Hills, CA., where award winners will be revealed. Regional award winners qualify for entrance into the Entrepreneur of the Year National Program. EY announces its overall winner of the National EY Entrepreneur of the Year Award at its annual awards Gala on November 15, 2014 in Palm Springs, CA.

About Caesars Acquisition Company (CACQ)

Caesars Acquisition Company was formed to make an equity investment in Caesars Growth Partners, LLC (CGP), a joint venture between CACQ and Caesars Entertainment Corporation (NASDAQ: CZR), the world’s most diversified casino entertainment provider and the most geographically diverse U.S. casino-entertainment company.  CACQ is CGP’s managing member and sole holder of all of CGP’s outstanding voting units.

Learn more at:

http://www.caesarsacquisitioncompany.com
http://www.caesarsinteractive.com
http://www.caesars.com
http://www.mitchgarber.com