Caesars Acquisition (CACQ) 10-Q 7 Nov 16 2016 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2016	Nov. 03, 2016
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Fiscal Period Focus	Q3
Document Period End Date	Sep. 30, 2016
Document Fiscal Year Focus	2,016
Entity Registrant Name	CAESARS ACQUISITION COMPANY
Entity Central Index Key	1,575,879
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding, Class A (shares)		138,224,973
Trading Symbol	CACQ

CONDENSED BALANCE SHEETS (UNAUD

CONDENSED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Current assets
Cash and cash equivalents	$ 25.1	$ 19.1
Receivables	0.4	0
Receivable from related party	278.8	0.9
Prepayments and other current assets	0.2	21.5
Total current assets	304.5	41.5
Equity method investment in Caesars Growth Partners, LLC	1,518.3	1,095.9
Deferred tax assets	145.2	0
Total assets	1,968	1,137.4
Liabilities and Stockholders' Equity
Accrued income taxes	257.3	0.1
Total current liabilities	257.3	0.1
Deferred tax liabilities	0	69.9
Deferred credits and other	97	0
Total liabilities	354.3	70
Commitments and contingencies (Note 7)
Stockholders' Equity
Common stock: $0.001 par value; 300,000,000 Class A shares and 900,000,000 Class B shares authorized at September 30, 2016 and December 31, 2015; 137,760,236 and 137,341,569 Class A shares issued and outstanding, respectively	0.1	0.1
Additional paid-in capital	1,022.9	1,016.2
Retained earnings	590.7	51.1
Total stockholders' equity	1,613.7	1,067.4
Total liabilities and stockholders' equity	$ 1,968	$ 1,137.4

CONDENSED BALANCE SHEETS (UNAU3

CONDENSED BALANCE SHEETS (UNAUDITED) - (PARENTHETICALS) - $ / shares	Sep. 30, 2016	Dec. 31, 2015
Common Class A [Member]
Common stock, par value (usd per share)	$ 0.001	$ 0.001
Common stock, shares authorized (shares)	300,000,000	300,000,000
Common stock, shares issued (shares)	137,760,236	137,341,569
Common stock, shares outstanding (shares)	137,760,236	137,341,569
Common Class B [Member]
Common stock, par value (usd per share)	$ 0.001	$ 0.001
Common stock, shares authorized (shares)	900,000,000	900,000,000
Common stock, shares issued (shares)	0	0
Common stock, shares outstanding (shares)	0	0

CONDENSED STATEMENTS OF OPERATI

CONDENSED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (UNAUDITED) - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Statement of Comprehensive Income [Abstract]
Revenues	$ 0	$ 0	$ 0	$ 0
Operating expenses	9.3	9.2	23.2	24.4
Loss from operations	(9.3)	(9.2)	(23.2)	(24.4)
Income from equity method investment in Caesars Growth Partners, LLC	672.5	24.4	721.3	73
Income before provision for income taxes	663.2	15.2	698.1	48.6
Provision for income taxes	(141.3)	(8.2)	(158.5)	(25.1)
Net income	521.9	7	539.6	23.5
Other comprehensive income, net of income taxes	0	0	0	0
Comprehensive income	$ 521.9	$ 7	$ 539.6	$ 23.5
Earnings per share
Basic (usd per share)	$ 3.80	$ 0.05	$ 3.93	$ 0.17
Diluted (usd per share)	$ 3.78	$ 0.05	$ 3.92	$ 0.17
Weighted average common shares outstanding
Basic (shares)	137.5	136.4	137.4	136.4
Diluted (shares)	138	136.8	137.7	136.6

CONDENSED STATEMENTS OF STOCKHO

CONDENSED STATEMENTS OF STOCKHOLDERS' EQUITY (UNAUDITED) - USD ($) $ in Millions	Total	Common Stock [Member]Common Class A [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]
Beginning balance at Dec. 31, 2014	$ 1,023.1	$ 0.1	$ 1,003.9	$ 19.1
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	23.5			23.5
Stock-based compensation	7.2		7.2
Ending balance at Sep. 30, 2015	1,053.8	0.1	1,011.1	42.6
Beginning balance at Dec. 31, 2015	1,067.4	0.1	1,016.2	51.1
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	539.6			539.6
Stock-based compensation	3.4		3.4
Common stock issuances	3.3		3.3
Ending balance at Sep. 30, 2016	$ 1,613.7	$ 0.1	$ 1,022.9	$ 590.7

CONDENSED STATEMENTS OF CASH FL

CONDENSED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Cash flows from operating activities
Net income	$ 539.6	$ 23.5
Adjustments to reconcile net income to cash flows provided by operating activities
Income from equity method investment in Caesars Growth Partners, LLC	(721.3)	(73)
Distributions from equity method investee Caesars Growth Partners, LLC	21	25.7
Stock-based compensation	3.4	7.2
Deferred income taxes	(215.1)	21.7
Net change in long-term accounts	97	0
Change in assets and liabilities:
Receivables	(0.4)	0
Prepayments and other current assets	21.3	4.5
Accrued income taxes	257.2	(0.6)
Cash flows provided by operating activities	2.7	9
Cash flows provided by investing activities	0	0
Cash flows provided by financing activities	3.3	0
Cash flows from financing activities
Issuance of common stock	3.3	0
Net increase in cash and cash equivalents	6	9
Cash and cash equivalents, beginning of period	19.1	8.8
Cash and cash equivalents, end of period	$ 25.1	$ 17.8

Description of Business and Bas

Description of Business and Basis of Presentation	9 Months Ended
	Sep. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business and Basis of Presentation	Description of Business and Basis of Presentation Organization and Description of Business Caesars Acquisition Company (the "Company," "CAC," "we," "our" and "us"), a Delaware corporation, was formed on February 25, 2013 to make an equity investment in Caesars Growth Partners, LLC ("CGP LLC"), a joint venture between CAC and subsidiaries of Caesars Entertainment Corporation ("CEC" or "Caesars Entertainment"). CAC directly owns 100% of the voting membership units of CGP LLC, a Delaware limited liability company, and accounts for its ownership in CGP LLC using the hypothetical liquidation at book value ("HLBV") approach to the equity method of accounting (see Note 3 — Equity Method Investment in Caesars Growth Partners, LLC ). Proposed Merger of CAC with CEC On December 21, 2014, the Company and CEC entered into an Agreement and Plan of Merger (the "Merger Agreement"), pursuant to which, among other things, CAC will merge with and into CEC, with CEC as the surviving company (the "Proposed Merger"). On July 9, 2016, CAC and CEC agreed to amend and restate the Merger Agreement (the "Amended Merger Agreement"). In connection with the entry into the Amended Merger Agreement, on July 9, 2016, (i) CAC and Caesars Entertainment Operating Company, Inc. ("CEOC"), a majority owned subsidiary of CEC, agreed to amend and restate the Restructuring Support Agreement (as amended, the "CAC RSA"), dated as of June 12, 2016, among CAC, CEOC and CEC; (ii) CEC and CEOC agreed to amend the Restructuring Support, Settlement and Contribution Agreement, dated as of June 7, 2016 (as amended, the "CEC RSA" and, together with the CAC RSA, the "Caesars RSAs"), between CEC and CEOC; and (iii) CAC entered into a Voting Agreement (the "Voting Agreement") with Hamlet Holdings LLC ("Hamlet Holdings"), and solely with respect to certain provisions of the Voting Agreement, affiliates of Apollo Global Management, LLC and TPG Capital, LP and certain of their co-investors (collectively, the "Holders"). The Caesars RSAs were entered into with respect to the restructuring of CEOC's indebtedness (the "Restructuring") and, together with the Amended Merger Agreement, are consistent with the terms proposed under the second amended joint chapter 11 plan of reorganization (as amended, the "Plan") of CEOC and each of the debtors (together with CEOC, the "Debtors") in the CEOC Chapter 11 Cases. The exchange ratio, pursuant to which shares of CAC's class A common stock, par value $0.001 per share (the "Class A Common Stock") and CAC's class B common stock, par value $0.001 per share (the "Class B Common Stock," and together with the Class A Common Stock, the "CAC Common Stock"), will become exchangeable for shares of CEC's common stock, par value $0.01 per share ("CEC Common Stock"), has been amended to ensure that holders of CAC Common Stock immediately prior to the closing of the Proposed Merger (the "Merger Closing") will receive 27% of the outstanding CEC Common Stock on a fully diluted basis (prior to conversion of the new CEC convertible notes) (and which, upon conversion at any time following the Merger Closing, will result in pro rata dilution to all holders of CEC Common Stock, including holders of CAC Common Stock immediately prior to the Merger Closing) (the "Exchange Ratio"). The Exchange Ratio may be adjusted pursuant to the Amended Merger Agreement and such adjustment will be determined on the earlier of (i) the date on which the special committee of CAC's Board of Directors (the "CAC Special Committee") and the special committee of CEC's Board of Directors (the "CEC Special Committee"), each composed solely of independent directors, agree in writing as to the Exchange Ratio, and (ii) the sixth business day following the date on which the Adjustment Period (as described below) ends. The Adjustment Period is the 14 day period beginning on the date, as soon as reasonably practicable following the date of the Amended Merger Agreement, on which each of CAC and CEC has received written confirmation from the other party that it and its respective representatives have received certain information (which information must be provided on request as soon as reasonably practicable, but no later than 30 days following the confirmation date) necessary for such party's financial advisor to render a fairness opinion. During the Adjustment Period, the CAC Special Committee, on behalf of CAC, and the CEC Special Committee, on behalf of CEC, will determine whether and to what extent it is necessary, appropriate and advisable to adjust the Exchange Ratio. The Exchange Ratio may be adjusted solely to take into account certain tax costs and tax attributes (except as described below). If at any time during the Adjustment Period the CAC Special Committee or the CEC Special Committee determines that (i) it cannot obtain a fairness opinion from its respective financial advisor as a result of an adjustment to the Exchange Ratio based solely on the factors set forth in the Amended Merger Agreement or (ii) an adjustment to the Exchange Ratio based solely on the factors set forth in the Amended Merger Agreement would not be advisable or would otherwise be inconsistent with the directors' fiduciary duties under applicable law, either the CAC Special Committee or the CEC Special Committee may notify the other party of such determination and, following delivery of such notice, the parties will instead take into account all other relevant facts and circumstances impacting the intrinsic value of CAC and CEC at such time. If the CAC Special Committee, on behalf of CAC, or the CEC Special Committee, on behalf of CEC, (i) are unable to agree to an adjustment to the Exchange Ratio by the end of the Adjustment Period and determine in good faith, after consultation with outside legal counsel, that failure to terminate the Amended Merger Agreement would be reasonably likely to be inconsistent with the fiduciary duties of the directors of CAC or CEC, as applicable, under applicable law or (ii) have not received, as of a date that is reasonably proximate to the date on which the Adjustment Period ends, an opinion of an independent, nationally recognized financial advisor to the effect that, as of the date of such opinion, and based upon and subject to the various assumptions made, procedures followed, matters considered and limitations on the review undertaken in preparing such opinion as set forth therein, the Exchange Ratio is fair, from a financial point of view, to CAC or CEC, as applicable, then the Amended Merger Agreement may be terminated within five business days following the end of the Adjustment Period. The Amended Merger Agreement also contains an amended "Go-Shop" provision on terms substantially the same as the "Go-Shop" provision originally set forth in the Merger Agreement. The Amended Merger Agreement also provides that (i) certain existing litigation, under specified circumstances, (ii) certain legislative changes and (iii) any change in the financial or securities markets or in the market price or valuation of any security or financial interest, or in the business, results of operations or prospects of either of CAC or CEC, subject to certain conditions, in each case will not provide cause for either the CAC board of directors (the "CAC Board") or the CEC board of directors (the "CEC Board") to effect an adverse recommendation change. The Amended Merger Agreement was fully negotiated by and between the CAC Special Committee and the CEC Special Committee, was recommended by each of the CAC Special Committee and the CEC Special Committee and was approved by the CAC Board and the CEC Board. Stockholders of each of CAC and CEC will be asked to vote on the adoption of the Amended Merger Agreement at special meetings of CAC's stockholders and CEC's stockholders, respectively, that will each be held on a date to be announced. Pursuant to the Amended Merger Agreement, CAC and CEC, as applicable, have agreed to file a joint proxy statement/prospectus as soon as reasonably practicable following the date of the Amended Merger Agreement. The closing of the merger is subject to the adoption of the Amended Merger Agreement by the affirmative vote of the holders of at least a majority of all outstanding shares of CAC Common Stock and CEC Common Stock, respectively. In addition to the closing conditions originally set forth in the Merger Agreement, each of CAC and CEC have agreed that their respective obligation to consummate the merger is subject to the fulfillment of the Plan containing the Debtor Release, the Third-Party Release and the Exculpation. However, the Amended Merger Agreement eliminated from the closing conditions set forth in the Merger Agreement (i) minimum cash closing conditions for both parties and (ii) a closing condition that limited tax costs relating to the Restructuring to close the Proposed Merger. The Amended Merger Agreement provides certain termination rights to each of CAC and CEC based on, among other things: (i) CEOC filing (including any of its debtor subsidiaries), without CAC's or CEC's prior written consent, respectively, (x) a plan of reorganization, a disclosure statement or a proposed order entered by the Bankruptcy Court confirming the Plan that is materially consistent with the RSAs and the Plan and otherwise acceptable to each of CAC and CEC ("Confirmation Order") that does not include the Debtor Release, the Third-Party Release or the Exculpation as to CAC, CGP LLC, their subsidiaries, and their respective representatives ("CAC Released Parties") or CEC, its subsidiaries, and their respective representatives ("CEC Released Parties"), respectively, in form and substance consistent in all material respects with such provisions as set forth in the Plan or (y) any motion, pleading or other document with the Bankruptcy Court in the CEOC Chapter 11 Cases that is otherwise materially inconsistent with the CAC RSA or CEC RSA, respectively, or the Plan, (ii) the Confirmation Order (x) not including the Debtor Release, the Third-Party Release or the Exculpation as to the CAC Released Parties or the CEC Released Parties, respectively, in form and substance consistent in all material respect with such provisions as set forth in the Plan or (y) not being otherwise materially consistent with the Plan, (iii) the 105 Injunction Order no longer being in effect or, subject to certain conditions, CEOC failing to file a motion on or before August 14, 2016, or such earlier date as may be required by local rules governing the CEOC Chapter 11 Cases for the filing of such motion, seeking to extend the 105 Injunction Order currently in effect to the period ending on the confirmation date, (iv) either of the Caesars RSAs being terminated or becoming null and void or (v) the date on which the merger becomes effective not occurring by the close of business on December 31, 2017. Basis of Presentation Our unaudited condensed financial statements are prepared in accordance with generally accepted accounting principles ("GAAP") in the United States, which require the use of estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the amounts of expenses during the reporting periods. Management believes the accounting estimates are appropriate and reasonably stated. However, due to the inherent uncertainties in making these estimates, actual amounts could differ. The results of operations for our interim periods are not necessarily indicative of the results of operations that may be achieved for the 2016 fiscal year. The accompanying unaudited condensed financial statements are prepared under the rules and regulations of the Securities and Exchange Commission ("SEC") applicable for interim periods and, therefore, do not include all information and footnotes necessary for complete financial statements in conformity with GAAP. Accordingly, the accompanying unaudited condensed financial statements should be read in conjunction with the Company's audited financial statements presented in the Company's Annual Report on Form 10-K for the year ended December 31, 2015 . Given the significance of the investment in CGP LLC to the financial position and results of operations of CAC, we have elected to include interim selected financial information of CGP LLC as an exhibit to this Quarterly Report. As CAC is the parent company to CGP LLC, a joint venture accounted for using the HLBV approach to the equity method of accounting, and as the interim selected financial information of CGP LLC are included as an exhibit to this Quarterly Report on Form 10-Q , segment reporting is not required.

Recently Issued Accounting Pron

Recently Issued Accounting Pronouncements	9 Months Ended
	Sep. 30, 2016
Accounting Policies [Abstract]
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements In January 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2016-01, Financial Instruments - Overall: Recognition and Measurement of Financial Assets and Financial Liabilities, which primarily affects the accounting for equity investments that do not result in consolidation and are not accounted for under the equity method, presentation of changes in the fair value of financial liabilities measured under the fair value option, and the presentation and disclosure requirements for financial instruments. The ASU also clarifies that an entity should evaluate the need for a valuation allowance on a deferred tax asset related to available-for-sale securities in combination with the entity's other deferred tax assets. The ASU is effective for public business entities for fiscal years beginning after December 15, 2017, and interim periods within those years. Entities can early adopt certain provision of ASU 2016-01. We are currently assessing the impact the adoption of this standard will have on our financial statements. In March 2016, the FASB issued ASU No. 2016-09, Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting , which (1) requires that all income tax effects of awards be recognized in the income statement when the awards vest or are settled, (2) requires that companies present excess tax benefits as an operating activity on the statement of cash flows rather than as a financing activity, (3) allows employers to withhold up to the maximum statutory tax rates in the applicable jurisdictions without triggering liability accounting, (4) allows companies to make a policy election to either account for forfeitures as they occur or estimate forfeitures, and (5) includes nonpublic entity practical expedients. For public business entities, the amendments in this guidance are effective for fiscal years beginning after December 15, 2016, and interim periods within those years. Early adoption is permitted. We have adopted ASU No. 2016-09 during the quarter ended June 30, 2016. The adoption of this ASU had an immaterial impact on our financial statements. In June 2016, FASB issued ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments , which replaces the incurred loss impairment methodology with a methodology that reflects expected credit losses on certain types of financial instruments and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. For available-for-sale debt securities, ASU No. 2016-13 aligns the income statement recognition of credit losses with the reporting period in which changes occur by recording credit losses and subsequent reversals through an allowance rather than a write-down. For public business entities that are SEC filers, the amendments in this guidance are effective for fiscal years beginning after December 15, 2019, and interim periods within those years. Early application will be permitted for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. We are currently assessing the impact the adoption of this standard will have on our financial statements. In August 2016, the FASB issued ASU No. 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments , which addresses classification issues related to the statement of cash flows. The amendments in ASU No. 2016-15 provide guidance on the following eight specific cash flow issues: (1) debt prepayment or debt extinguishment costs, (2) settlement of zero-coupon debt instruments or other debt instruments with coupon interest rates that are insignificant in relation to the effective interest rate of the borrowing, (3) contingent consideration payments made after a business combination, (4) proceeds from the settlement of insurance claims, (5) proceeds from the settlement of corporate-owned life insurance policies including bank-owned life insurance policies, (6) distributions received from equity method investees, (7) beneficial interests in securitization transactions, and (8) separately identifiable cash flows and application of the predominance principle. For public business entities, the ASU will be effective for fiscal years beginning after December 15, 2017, and interim periods within those years. Early adoption is permitted. We are currently assessing the impact the adoption of this standard will have on our financial statements. In October 2016, the FASB issued ASU No. 2016-17, Consolidation (Topic 810): Interests Held through Related Parties That Are under Common Control , which amends ASU No. 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis . The amendment alters how a decision maker should consider indirect interests in a variable interest entity ("VIE") held through an entity under common control. If a decision maker is required to evaluate whether it is the primary beneficiary of a VIE, it will need to consider only its proportionate indirect interest in the VIE held through a common control party. ASU No. 2016-17 does not change the characteristics of a primary beneficiary in the VIE model. This ASU is effective for public business entities for fiscal years beginning after December 15, 2016, and interim periods within those years. Early adoption is permitted. We are currently assessing the impact the adoption of this standard will have on our financial statements.

Equity Method Investment in Cae

Equity Method Investment in Caesars Growth Partners, LLC	9 Months Ended
	Sep. 30, 2016
Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investment in Caesars Growth Partners, LLC	Equity Method Investment in Caesars Growth Partners, LLC CAC's earnings from CGP LLC using the HLBV form of the equity method of accounting for the three and nine months ended September 30, 2016 were equal to our preferred return of 10.5% of capital invested by CGP LLC plus an additional pro rata distribution due to the increase in CAC's contractual claim on CGP LLC's accounting balance sheet as a result of the sale of Caesars Interactive Entertainment, LLC's ("CIE", formerly Caesars Interactive Entertainment, Inc.) social and mobile games business (the "SMG Business") in September 2016. CAC's earnings from CGP LLC using the HLBV form of the equity method of accounting for the three and nine months ended September 30, 2015 were equal to our preferred return of 10.5% of capital invested by CGP LLC. CAC also receives distributions from CGP LLC in accordance with the Amended and Restated Limited Liability Company Agreement, the transaction agreement related to the formation of CGP LLC, ("CGP Operating Agreement") for reimbursement of its expenses incurred. These distributions are recorded as reductions to the equity method investment in Caesars Growth Partners, LLC. Our investee, CGP LLC, had the following financial results as of or for the periods indicated (see CGP LLC financial information in Exhibit 99.1 ): Nine Months Ended September 30, (In millions) 2016 2015 Statements of Operations Revenues Net revenues $ 1,284.1 $ 1,217.4 Operating expenses Direct operating expenses 581.7 572.8 Property, general, administrative and other 559.4 363.0 Write-downs, reserves and project opening costs, net of recoveries 0.5 8.4 Management fees to related parties 33.3 45.1 Depreciation and amortization 129.5 110.9 Change in fair value of contingently issuable non-voting membership units — (107.5 ) Total operating expenses 1,304.4 992.7 (Loss)/income from operations (20.3 ) 224.7 Interest expense, net of interest capitalized (149.1 ) (145.3 ) Other income, net — 4.0 (Loss)/income from continuing operations before benefit from income taxes (169.4 ) 83.4 Benefit from income taxes 9.2 3.8 Net (loss)/income from continuing operations (160.2 ) 87.2 Discontinued operations Income from discontinued operations before income taxes, including $4,161.2 gain on sale of SMG Business in the third quarter of 2016 4,090.9 164.1 Provision for income taxes related to discontinued operations (13.8 ) (49.7 ) Net income from discontinued operations 4,077.1 114.4 Net income 3,916.9 201.6 Less: net loss/(income) attributable to non-controlling interests 26.4 (4.0 ) Net income attributable to Caesars Growth Partners, LLC $ 3,943.3 $ 197.6 Balance Sheet Data (at period end) September 30, 2016 December 31, 2015 Current assets $ 4,590.8 $ 1,250.0 Long-term assets 3,179.1 3,283.3 Current liabilities 752.0 388.2 Long-term liabilities 2,287.8 2,413.4 Redeemable non-controlling interests 0.9 0.5 Equity attributable to Caesars Growth Partners, LLC 4,718.6 1,691.0 Non-redeemable non-controlling interests 10.6 40.2 Disposition of SMG Business On September 23, 2016, CIE, a Delaware limited liability company, a subsidiary of CGP LLC, sold its social and mobile games business (the "SMG Business") for $4.4 billion , subject to customary purchase price adjustments, to Alpha Frontier Limited, a Cayman Islands exempted company ("Purchaser") (such sale, together with the transactions contemplated under the Purchase Agreement, the "Sale"), pursuant to the Stock Purchase Agreement, dated as of July 30, 2016 (the "Purchase Agreement"), entered into by and among CIE, Purchaser, and, solely for certain limited purposes described therein, CGP LLC, and CIE Growth, LLC, a Delaware limited liability company. The Purchaser was backed by a consortium that includes Giant Investment (HK) Limited, an affiliate of Shanghai Giant Network Technology Co., Ltd.; Yunfeng Capital; China Oceanwide Holdings Group Co., Ltd.; China Minsheng Trust Co., Ltd.; CDH China HF Holdings Company Limited and Hony Capital Fund. As a result of the Sale, the historical results of CGP LLC have been recast to reflect the portion of the CIE business disposed of as discontinued operations for all periods presented herein. CGP LLC recognized a pre-tax gain of approximately $4.2 billion from the Sale. To the extent that there are purchase price adjustments subsequent to September 30, 2016, the overall recorded gain on the transaction may be adjusted. At September 30, 2016, an estimated current income tax expense on the portion of the gain attributable to CAC in the amount of approximately $277.6 million was recorded on CAC's Condensed Balance Sheet within Accrued income taxes. CAC also recorded a Receivable from related party and a corresponding reduction in its Equity method investment in Caesars Growth Partners, LLC for $277.6 million , as CGP LLC is required under the terms of the CGP LLC Operating Agreement to pay CAC's tax obligation resulting from the Sale once such amount is paid by CAC. Pursuant to the Purchase Agreement, CIE agreed to hold a portion of the Sale proceeds in a separate maintenance account (the "CIE Escrow Account") until the occurrence of certain bankruptcy release events. At September 30, 2016, the balance in the CIE Escrow Account was approximately $2,764.0 million , which is included as short-term Restricted cash in CGP LLC's Consolidated Condensed Balance Sheet. In addition, CIE placed $264.0 million into escrow (the "Indemnity Escrow") to secure the potential indemnity claims of Purchaser for a period of twelve months from the closing of the Sale (the "SMG Business Sale Closing") pursuant to the terms of the Purchase Agreement. At September 30, 2016, the balance in the Indemnity Escrow was recorded on CGP LLC's Consolidated Condensed Balance Sheet as short-term Restricted cash and there were no indemnity claims made. In connection with the SMG Business Sale Closing, CIE repurchased, immediately prior to the SMG Business Sale Closing, all of the shares of CIE common stock held by Rock Gaming Interactive LLC and by CIE's other minority investors (collectively, the "Minority Investors") for the right to receive cash payments representing the fair market value of such shares of CIE common stock at the SMG Business Sale Closing, determined as their pro-rata portion of the aggregate of (a) the Sale proceeds, (b) the fair market value of the WSOP and online real money gaming businesses remaining with CIE following the Sale, and (c) CIE cash on hand at the SMG Business Sale Closing. The difference between the consideration paid and the carrying value of the minority interest was recorded as a reduction to Additional paid-in capital in CGP LLC's Consolidated Condensed Balance Sheet. None of the outstanding CIE stock options, restricted stock units or warrants were assumed by the Purchaser in the Sale. In connection with the Sale, and pursuant to the permitted authority under the Purchase Agreement and CIE's Amended and Restated Management Equity Incentive Plan, CIE accelerated the vesting of all of the outstanding options, restricted stock units and warrants of CIE (collectively, "CIE Equity Awards"), and, effective immediately prior to the SMG Business Sale Closing, canceled all such CIE Equity Awards in exchange for the right to receive cash payments equal to the intrinsic value of such awards. Expense related to the acceleration of the vesting of the CIE Equity Awards for employees who had historically provided services to the SMG Business was recorded to Discontinued operations and the expense related to the acceleration of the vesting of the CIE Equity Awards for remaining CIE employees was recorded to Property, general, administrative and other in CGP LLC's Consolidated Condensed Statements of Operations and Comprehensive Income. The total pro-rata share of Sale proceeds delivered to the former holders of CIE Equity Awards and Minority Investors is subject to any purchase price adjustment pursuant to the Purchase Agreement and the release of proceeds, if any, from the Indemnity Escrow at the end of the escrow period, and will be paid to the Minority Investors and the former holders of CIE Equity Awards as and when such amounts are paid to CIE under the Purchase Agreement. The total amount distributed to Minority Investors and former holders of CIE Equity Awards in connection with the SMG Business Sale Closing was approximately $1,052.4 million . At September 30, 2016, CGP LLC has accrued approximately $87.6 million in Accrued expenses and other current liabilities on its Consolidated Condensed Balance Sheet, representing CGP LLC's best estimate of the amounts still due to former minority shareholders and former holders of CIE Equity Awards for any purchase price adjustments and the release of proceeds held in the Indemnity Escrow. Contingently Issuable Non-voting Membership Units Pursuant to the terms of the transaction agreement related to the formation of CGP LLC, CGP LLC was obligated to issue additional non-voting membership units to Caesars Entertainment to the extent that the earnings from a specified portion of CIE's social and mobile games business exceeded a predetermined threshold amount in 2015. In April 2016, CGP LLC issued approximately 31.9 million Class B non-voting units pursuant to the terms of the October 21, 2013 transactions. As a result, CAC's economic ownership of CGP LLC decreased to approximately 38.8% in April 2016 from approximately 42.6% at March 31, 2016.

Stockholders_ Equity and Earnin

Stockholders’ Equity and Earnings Per Share	9 Months Ended
	Sep. 30, 2016
Equity [Abstract]
Stockholders’ Equity and Earnings Per Share	Stockholders' Equity and Earnings Per Share Stockholders' Equity Common Stock As of September 30, 2016 and December 31, 2015 , CAC had a total of 137,760,236 and 137,341,569 shares outstanding, respectively, of Class A common stock and no shares of Class B common stock outstanding. Call Right Pursuant to the certificate of incorporation of CAC and the CGP Operating Agreement, after October 21, 2016, Caesars Entertainment and/or its subsidiaries 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 subsidiaries of Caesars Entertainment, to acquire all or a portion of the voting units of CGP LLC (or, at the election of CAC, shares of CAC's Class A common stock) not otherwise owned by Caesars Entertainment and/or its subsidiaries at such time (the "Call Right"). The purchase consideration may be, at Caesars Entertainment's option, cash or shares of Caesars Entertainment's common stock valued at market value, net of customary market discount and expenses, provided that the cash portion will not exceed 50% of the total consideration in any exercise of the call right. The purchase price will be the greater of (i) the fair market value of the voting units of CGP LLC (or shares of CAC's Class A common stock) at such time based on an independent appraisal or (ii) the initial capital contribution in respect of such units plus a minimum 10.5% per annum return on such capital contribution, subject to a maximum return on such capital contribution of 25% per annum, taking into account prior distributions with respect to such units. As of September 30, 2016 , the Call Right was not exercised. Accumulated Other Comprehensive Income Accumulated other comprehensive income consists of unrealized gain and losses on investments, net of taxes. For the three and nine months ended September 30, 2016 and 2015 , no amounts were reclassified out of Accumulated other comprehensive income. Investment in Notes from Related Party CAC owns $137.5 million in aggregate principal amount of 6.50% senior notes previously issued by CEOC ("CEOC Notes"), which matured on June 1, 2016, and $151.4 million in aggregate principal amount of 5.75% CEOC Notes, maturing October 1, 2017. Both of these notes were included as a reduction of Additional paid-in capital in the Condensed Balance Sheets and Condensed Statements of Stockholders' Equity along with interest receivable at the distribution date. These notes are held at the distributed value with no subsequent adjustments such as fair value adjustments or interest receivable. Pursuant to the terms of the Amended Merger Agreement, CAC does not expect to collect principal or interest receivable from these notes. Earnings Per Share Basic earnings per share ("EPS") is calculated by dividing net income by the weighted average number of common shares outstanding during the period in which the net income was earned. Diluted EPS reflects the potential dilution that could occur from common shares issuable through stock-based compensation plans using the treasury stock method. The following table summarizes the computations of Basic EPS and Diluted EPS: Three Months Ended September 30, Nine Months Ended September 30, (In millions, except per share data) 2016 2015 2016 2015 Net income $ 521.9 $ 7.0 $ 539.6 $ 23.5 Shares used to compute EPS: Weighted average common stock outstanding - basic 137.5 136.4 137.4 136.4 Dilutive potential common shares 0.5 0.4 0.3 0.2 Weighted average common stock outstanding - diluted 138.0 136.8 137.7 136.6 Earnings per share: Basic $ 3.80 $ 0.05 $ 3.93 $ 0.17 Diluted $ 3.78 $ 0.05 $ 3.92 $ 0.17 There were no anti-dilutive shares excluded from the computation of diluted EPS for the three and nine months ended September 30, 2016 , respectively. There were 1.9 million anti-dilutive shares excluded for the three and nine months ended September 30, 2015 , respectively.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2016
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Total provision for income taxes is as follows: Three Months Ended September 30, Nine Months Ended September 30, (In millions) 2016 2015 2016 2015 Provision for income taxes $ 141.3 $ 8.2 $ 158.5 $ 25.1 CAC classifies reserves for tax uncertainties separate from any related income tax payable or deferred income taxes. Reserve amounts relate to any potential income tax liabilities resulting from uncertain tax positions and potential interest or penalties associated with those liabilities. At September 30, 2016 , $97.0 million of reserve for tax uncertainties was classified in Deferred credits and other and at December 31, 2015 , there were no such reserves. Income taxes are recorded under the asset and liability method, whereby deferred tax assets and liabilities are recognized based on the expected future tax consequences of temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases, and attributable to operating income and tax credit carryforwards. CAC's equity-method investee, CGP LLC, is a partnership for income tax purposes so the deferred tax assets and liabilities recognized by CAC are also impacted by the expected future tax consequences of temporary differences at CGP LLC. The effective tax rate for the three and nine months ended September 30, 2016 was 21.3% and 22.7% , respectively, which differed from the federal statutory tax rate of 35.0% due to a decrease in federal valuation allowance recorded against deferred tax assets related to the basis difference in the investment in notes from related party as a result of the sale of CIE's social mobile gaming business by CGP LLC and the federal tax benefit of the dividends received from CIE through its investment in CGP LLC. The effective tax rate for the three and nine months ended September 30, 2015 was 53.9% and 51.6% , respectively, which differed from the federal statutory tax rate of 35.0% primarily due to a federal valuation allowance recorded against deferred tax assets related to the basis difference in the investment in notes from related party. CAC files income tax returns with federal and state jurisdictions. The 2015, 2014 and 2013 tax years are open for examination for CAC's federal and state jurisdictions.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2016
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements We do not have assets or liabilities that are measured at fair value on a recurring basis. In addition, we have not recognized any adjustments for asset and liabilities measured at fair value on a nonrecurring basis during the three and nine months ended September 30, 2016 and 2015 .

Litigation, Contractual Commitm

Litigation, Contractual Commitments and Contingent Liabilities	9 Months Ended
	Sep. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Litigation, Contractual Commitments and Contingent Liabilities	Litigation, Contractual Commitments and Contingent Liabilities From time to time, CAC or CGP LLC may be subject to legal proceedings and claims in the ordinary course of business. Horseshoe Baltimore On October 21, 2013, CGP LLC purchased from CEOC the equity interests of Caesars Baltimore Investment Company, LLC (the "Maryland Joint Venture"), the entity that indirectly holds interests in the owner of the Horseshoe Baltimore Casino in Maryland, a licensed casino that opened in August 2014. Multiple lawsuits have been filed against CBAC Gaming, LLC ("CBAC Gaming") and CBAC Borrower, LLC ("CBAC Borrower"), the City of Baltimore, the Maryland Department of the Environment ("MDE") and other parties in relation to the location and the development of Horseshoe Baltimore. These cases allege violations of various environmental laws, violations of zoning laws and public nuisance, among other claims. In November 2012, the MDE granted approval of the Maryland Joint Venture's amended response action plan ("RAP") under MDE's Voluntary Cleanup Program that named the Maryland Joint Venture, rather than the City of Baltimore, as the party that will implement the RAP and redevelop the location of Horseshoe Baltimore. On February 20, 2013, a group of local residents working with the non-profit Inner Harbor Stewardship Foundation (the "Foundation") filed a complaint in the Maryland Circuit Court challenging the legality of the MDE's approval of the amended RAP. In the case, known as Ruth Sherrill, et al. v. State of Maryland Department of the Environment, et al., the plaintiffs claimed that the amended RAP was approved without complying with the public notice and participation requirements of Maryland law. The plaintiffs sought additional public notice and participation, and to obtain an injunction on, among other things, any construction activities at the site pending the resolution of the case. On March 14, 2013, the court denied the plaintiffs' motion for a Temporary Restraining Order and Preliminary Injunction ("TRO"). The plaintiffs' appeal of the TRO ruling was dismissed. On April 22, 2013, the plaintiffs filed an amended complaint adding a public nuisance claim to their original complaint. The defendants filed motions to dismiss the plaintiffs' amended complaint and a hearing was held on June 14, 2013. The amended complaint was dismissed on November 6, 2013. The plaintiffs filed a notice of appeal on December 6, 2013 and oral argument occurred on October 3, 2014. The Court of Special Appeals affirmed the dismissal on February 16, 2016. The time for Appellants to petition the Maryland Court of Appeals for a writ of certiorari has now lapsed. The plaintiffs issued a notice of intent to file a citizen suit under 42 U.S.C. §§ 6972(a)(1)(A) and (a)(1)(B) of the Resource Conservation and Recovery Act. This notice of intent indicated an intention to sue CBAC (a joint venture among Caesars Baltimore Investment Company, LLC, Rock Gaming Mothership LLC, CVPR Gaming Holdings, LLC, STRON-MD Limited Partnership and PRT Two, LLC), the City of Baltimore, Whiting-Turner, the general contractor for the construction of the Horseshoe Baltimore casino, and the Maryland Chemical Company, the former owner and operator of the site. The citizen suit was filed on September 19, 2013 but did not name Whiting-Turner. The defendants filed motions to dismiss on October 15, 2013 for lack of subject matter jurisdiction and failure to state a claim to which plaintiffs responded on November 1, 2013. The motions to dismiss were granted on July 16, 2014. An appeal was noted on August 13, 2014. Oral argument before the Fourth Circuit occurred on March 25, 2015. On July 1, 2015, the U.S. Court of Appeals for the Fourth Circuit reversed the motion to dismiss and remanded the matter back to the District Court. An order of dismissal was issued on July 5, 2016 following the settlement of the action by all parties. Dismissal of the action is with prejudice. The decision of the Board of Municipal Zoning Appeals to grant variances for the site for Horseshoe Baltimore was appealed by separate parties on the basis of alleged procedural irregularities. The appeals were dismissed for lack of standing on October 11, 2013 and no appeal of that decision was timely filed. On August 1, 2013, ten individuals claiming to represent a class of similarly situated individuals filed a complaint in the U.S. District Court for the Northern District of Maryland against the Maryland Department of the Environment, the City of Baltimore, the U.S. Environmental Protection Agency, CBAC Gaming, Whiting-Turner Contracting Company and Urban Green Environmental, LLC. The 11 count complaint alleged that the RAP for the location of Horseshoe Baltimore is inadequate and approved without appropriate public participation. The plaintiffs sought declaratory and injunctive relief, compensatory and punitive damages, and claim violations of civil rights laws and the Clean Water Act, civil conspiracy, and a variety of torts. The plaintiffs also sought a temporary restraining order, which the District Court denied on August 9, 2013. The plaintiffs amended their complaint on November 15, 2013 and again on December 26, 2013, adding 44 new plaintiffs and naming MDE, the Secretary of MDE, the City of Baltimore, the Mayor of the City of Baltimore, the Baltimore Development Corporation, and CBAC Gaming and CBAC Borrower as defendants. The defendants filed motions to dismiss on January 27, 2014 and the plaintiffs filed their oppositions on February 28, 2014. The case was dismissed on May 16, 2014 and no appeal was filed. From time to time, the City of Baltimore may be subject to legal proceedings asserting claims related to the site. CBAC and CGP LLC have not been named as parties to these proceedings. Four residents of Baltimore City and County issued a notice of intent to file a citizen suit under 33 U.S.C. § 1365(b) of the Clean Water Act against the City of Baltimore as owner of the site for water pollution alleged to originate there. A lawsuit was filed on behalf of two of the residents on July 2, 2013. The City of Baltimore moved to dismiss the complaint on August 28, 2013. One of the plaintiffs withdrew from the case on October 10, 2013. The U.S. District Court for the District of Maryland dismissed the case without prejudice on January 7, 2014 for lack of standing. Two residents of Baltimore City filed suit on May 20, 2013 against the City of Baltimore, as owner of the site, alleging that the City of Baltimore was in violation of Maryland water pollution laws as a result of groundwater contamination alleged to be migrating from the site. The City of Baltimore was served with the complaint on June 12, 2013. An amended complaint was filed on July 19, 2013, which the City of Baltimore moved to dismiss on August 6, 2013. The plaintiffs dismissed the complaint without prejudice on September 12, 2013. CAC and CGP LLC believe that the claims and demands described above against CBAC Borrower and CBAC Gaming are without merit and intend to defend themselves vigorously. At the present time, CAC and CGP LLC believe it is not probable that a material loss will result from the outcome of these matters. CAC and CGP LLC cannot provide assurance as to the outcome of these matters or of the range of reasonably possible losses should these matters ultimately be resolved against CAC and CGP LLC, due to the inherent uncertainty of litigation and, in some cases, the stage of the related litigation. Although CAC and CGP LLC believe that they have adequate defenses to these claims, an adverse judgment could result in additional costs or injunctions. CAC-CEC Proposed Merger On December 30, 2014, Nicholas Koskie, on behalf of himself and, he alleges, all others similarly situated, filed a lawsuit (the "Nevada Lawsuit") in the Clark County District Court in the State of Nevada against CAC, CEC and members of the CAC board of directors Marc Beilinson, Philip Erlanger, Dhiren Fonseca, Don Kornstein, Karl Peterson, Marc Rowan, and David Sambur (the individual defendants collectively, the "CAC Directors"). The Nevada Lawsuit alleges claims for breach of fiduciary duty against the CAC Directors and aiding and abetting breach of fiduciary duty against CAC and CEC. It seeks (1) a declaration that the claim for breach of fiduciary duty is a proper class action claim; (2) to order the CAC Directors to fulfill their fiduciary duties to CAC in connection with the Proposed Merger, specifically by announcing their intention to (a) cooperate with bona fide interested parties proposing alternative transactions, (b) ensure that no conflicts exist between the CAC Directors' personal interests and their fiduciary duties to maximize shareholder value in the Proposed Merger, or resolve all such conflicts in favor of the latter, and (c) act independently to protect the interests of the shareholders; (3) to order the CAC Directors to account for all damages suffered or to be suffered by the plaintiff and the putative class as a result of the Proposed Merger; and (4) to award the plaintiff for his costs and attorneys' fees. It is unclear whether the Nevada Lawsuit also seeks to enjoin the Proposed Merger. On October 14, 2016, the Nevada Lawsuit was dismissed without prejudice by the court for lack of prosecution. Pursuant to local rule, the case may be reinstated at the plaintiff's written request, provided such request is received no later than November 14, 2016. CAC and the CAC Directors believe this lawsuit is without merit and will defend themselves vigorously. We cannot provide assurance as to the outcome of this matter or of the range of reasonably possible losses should this matter ultimately be resolved against us due to the inherent uncertainty of litigation and the stage of the related litigation. CEOC Bondholder Litigation, or Noteholder Disputes On August 4, 2014, Wilmington Savings Fund Society, FSB, solely in its capacity as successor indenture trustee for the 10% Second-Priority Senior Secured Notes due 2018 (the "Notes"), on behalf of itself and, it alleges, derivatively on behalf of CEOC, filed a lawsuit (the "Delaware Second Lien Lawsuit") in the Court of Chancery in the State of Delaware against CEC, CEOC, CGP LLC, CAC, Caesars Entertainment Resort Properties, LLC ("CERP"), Caesars Enterprise Services, LLC ("CES"), Eric Hession, Gary Loveman, Jeffrey D. Benjamin, David Bonderman, Kelvin L. Davis, Marc C. Rowan, David B. Sambur, and Eric Press. The lawsuit alleges claims for breach of contract, intentional and constructive fraudulent transfer, breach of fiduciary duty, aiding and abetting breach of fiduciary duty, and corporate waste. The lawsuit seeks (1) an award of money damages; (2) to void certain transfers, the earliest of which dates back to 2010; (3) an injunction directing the recipients of the assets in these transactions to return them to CEOC; (4) a declaration that CEC remains liable under the parent guarantee formerly applicable to the Notes; (5) to impose a constructive trust or equitable lien on the transferred assets; and (6) an award to the plaintiffs for their attorneys' fees and costs. The only claims against CAC and CGP LLC are for intentional and constructive fraudulent transfer. CAC and CGP LLC believe this lawsuit is without merit and will defend themselves vigorously. A motion to dismiss this action was filed by CEC and other defendants in September 2014, and the motion was argued in December 2014. During the pendency of its Chapter 11 bankruptcy proceedings, the action has been automatically stayed with respect to CEOC. The motion to dismiss with respect to CEC was denied on March 18, 2015. In a Verified Supplemental Complaint filed on August 3, 2015, the plaintiff stated that due to CEOC's bankruptcy filing, the continuation of all claims was stayed pursuant to the bankruptcy except for Claims II, III, and X. These are claims against CEC only, for breach of contract in respect of the release of the parent guarantee formerly applicable to the Notes, for declaratory relief in respect of the release of this guarantee, and for violations of the Trust Indenture Act in respect of the release of this guarantee. CEC has informed us that fact discovery in the case is substantially complete, and cross-motions for summary judgment have been filed by the parties. On October 5, 2016, the Bankruptcy Court granted CEOC's motion for a stay of this proceeding (and others). The stay will remain in effect until the earlier of (a) the first omnibus hearing after the Bankruptcy Court issues its decision confirming or denying confirmation of the CEOC reorganization plan, (b) the termination of the Second Lien RSA, as defined below, or (c) further order of the Bankruptcy Court. On September 3, 2014, holders of approximately $21 million of CEOC Senior Unsecured Notes due 2016 and 2017 filed suit in federal district court in United States District Court for the Southern District of New York against CEC and CEOC, claiming broadly that an August 12, 2014 Note Purchase and Support Agreement between CEC and CEOC (on the one hand) and certain other holders of the CEOC Senior Unsecured Notes (on the other hand) impaired their own rights under the Senior Unsecured Notes. The lawsuit seeks both declaratory and monetary relief. On October 2, 2014, other holders of CEOC Senior Unsecured Notes due 2016 purporting to represent a class of all holders of these Notes from August 11, 2014 to the present filed a substantially similar suit in the same court, against the same defendants, relating to the same transactions. Both lawsuits (the "Senior Unsecured Lawsuits") were assigned to the same judge. The claims against CEOC have been automatically stayed during its Chapter 11 bankruptcy proceedings. The court denied a motion to dismiss both lawsuits with respect to CEC. The parties have completed fact discovery with respect to both plaintiffs' claims against CEC. On October 23, 2015, plaintiffs in the Senior Unsecured Lawsuits moved for partial summary judgment, and on December 29, 2015, those motions were denied. On December 4, 2015, plaintiff in the action brought on behalf of holders of CEOC's 6.50% Senior Unsecured Notes moved for class certification and briefing has been completed. The judge presiding over these cases thereafter retired, and a new judge was appointed to preside over these lawsuits. That judge set a new summary judgment briefing schedule, and the parties filed cross-motions for summary judgment which remain pending. On October 5, 2016, the Bankruptcy Court granted CEOC's motion for a stay of these proceedings (and others). The stay will remain in effect until the earlier of (a) the first omnibus hearing after the Bankruptcy Court issues its decision confirming or denying confirmation of the CEOC reorganization plan, (b) the termination of the Second Lien RSA or (c) further order of the Bankruptcy Court. CAC and CGP LLC are not parties to these lawsuits. On November 25, 2014, UMB Bank ("UMB"), as successor indenture trustee for CEOC's 8.5% senior secured notes due 2020, filed a verified complaint (the "Delaware First Lien Lawsuit") in Delaware Chancery Court against CEC, CEOC, CERP, CAC, CGP LLC, CES, and against an individual, and past and present members of the CEC and CEOC Boards of Directors, Gary Loveman, Jeffrey Benjamin, David Bonderman, Kelvin Davis, Eric Press, Marc Rowan, David Sambur, Eric Hession, Donald Colvin, Fred Kleisner, Lynn Swann, Chris Williams, Jeffrey Housenbold, Michael Cohen, Ronen Stauber, and Steven Winograd, alleging generally that defendants have improperly stripped CEOC of prized assets, have wrongfully affected a release of a CEC parental guarantee of CEOC debt and have committed other wrongs. Among other things, UMB has asked the court to appoint a receiver over CEOC. In addition, the Delaware First Lien Lawsuit pleads claims for fraudulent conveyances/transfers, insider preferences, illegal dividends, declaratory judgment (for breach of contract as regards to the parent guarantee and also as to certain covenants in the bond indenture), tortious interference with contract, breach of fiduciary duty, aiding and abetting breach of fiduciary duty, usurpation of corporate opportunities, and unjust enrichment, and seeks monetary and equitable as well as declaratory relief. CAC and CGP LLC believe this lawsuit is without merit and will defend themselves vigorously. All of the defendants have moved to dismiss the lawsuit, and that motion has been fully briefed. In addition, this lawsuit has been automatically stayed with respect to CEOC during the Chapter 11 process and, pursuant to the (a) Fifth Amended and Restated Restructuring Support and Forbearance Agreement dated October 7, 2015, with certain holders of claims in respect of claims under CEOC's first lien notes (the "First Lien Bond RSA") and (b) Restructuring Support and Forbearance Agreement dated August 21, 2015, with certain holders of claims in respect of claims under CEOC's first lien credit agreement (the "First Lien Bank RSA" and, together with the First Lien Bond RSA, the "RSAs"), has been subject to a consensual stay for all. On February 13, 2015, Caesars Entertainment received a Demand For Payment of Guaranteed Obligations (the "February 13 Notice") from Wilmington Savings Fund Society, FSB, in its capacity as successor Trustee for CEOC's 10.00% Second-Priority Notes. The February 13 Notice alleges that CEOC's commencement of its voluntary Chapter 11 bankruptcy case constituted an event of default under the indenture governing the 10.00% Second-Priority Notes; that all amounts due and owing on the 10.00% Second-Priority Notes therefore immediately became payable; and that Caesars Entertainment is responsible for paying CEOC's obligations on the 10.00% Second-Priority Notes, including CEOC's obligation to timely pay all principal, interest, and any premium due on these notes, as a result of a parent guarantee provision contained in the indenture governing the notes that the February 13 Notice alleges is still binding. The February 13 Notice accordingly demands that Caesars Entertainment immediately pay Wilmington Savings Fund Society, FSB, cash in an amount of not less than $3.7 billion , plus accrued and unpaid interest (including without limitation the $184 million interest payment due December 15, 2014 that CEOC elected not to pay) and accrued and unpaid attorneys' fees and other expenses. The February 13 Notice also alleges that the interest, fees and expenses continue to accrue. CAC and CGP LLC are not parties to this demand. On February 18, 2015, Caesars Entertainment received a Demand For Payment of Guaranteed Obligations (the "February 18 Notice") from BOKF, N.A. ("BOKF"), in its capacity as successor Trustee for CEOC's 12.75% Second-Priority Senior Secured Notes due 2018 (the " 12.75% Second-Priority Notes"). The February 18 Notice alleges that CEOC's commencement of its voluntary Chapter 11 bankruptcy case constituted an event of default under the indenture governing the 12.75% Second-Priority Notes; that all amounts due and owing on the 12.75% Second-Priority Notes therefore immediately became payable; and that CEC is responsible for paying CEOC's obligations on the 12.75% Second-Priority Notes, including CEOC's obligation to timely pay all principal, interest and any premium due on these notes, as a result of a parent guarantee provision contained in the indenture governing the notes that the February 18 Notice alleges is still binding. The February 18 Notice therefore demands that CEC immediately pay BOKF cash in an amount of not less than $750 million , plus accrued and unpaid interest, accrued and unpaid attorneys' fees, and other expenses. The February 18 Notice also alleges that the interest, fees and expenses continue to accrue. CAC and CGP LLC are not parties to this demand. On March 3, 2015, BOKF filed a lawsuit (the "New York Second Lien Lawsuit") against CEC in federal district court in Manhattan, in its capacity as successor trustee for CEOC's 12.75% Second-Priority Notes. On June 15, 2015, UMB filed a lawsuit (the "New York First Lien Lawsuit") against CEC, also in federal district court in Manhattan, in its capacity as successor trustee for CEOC's 11.25% Senior Secured Notes due 2017, 8.50% Senior Secured Notes due 2020, and 9.00% Senior Secured Notes due 2020. Plaintiffs in these actions allege that CEOC's filing of its voluntary Chapter 11 bankruptcy case constitutes an event of default under the indenture governing these notes, causing all principal and interest to become immediately due and payable, and that CEC is obligated to make those payments pursuant to a parent guarantee provision in the indentures governing these notes that plaintiffs allege are still binding. Both plaintiffs bring claims for violation of the Trust Indenture Act of 1939, breach of contract, breach of duty of good faith and fair dealing and for declaratory relief and BOKF brings an additional claim for intentional interference with contractual relations. The cases were assigned to the same judge presiding over the other Parent Guarantee Lawsuits, as defined below. CEC filed its answer to the BOKF complaint on March 25, 2015, and to the UMB complaint on August 10, 2015. On June 25, 2015, and June 26, 2015, BOKF and UMB, respectively, moved for partial summary judgment, specifically on their claims alleging a violation of the Trust Indenture Act of 1939, seeking both declaratory relief and damages. On August 27, 2015, those motions were denied. The court, on its own motion, certified its order with respect to the interpretation of the Trust Indenture Act for interlocutory appeal to the United States Court of Appeals for the Second Circuit, and on December 22, 2015, the appellate court denied CEC's motion for leave to appeal. On November 20, 2015, BOKF and UMB again moved for partial summary judgment. Those motions likewise were denied. The judge presiding over these cases thereafter retired, and a new judge was appointed to preside over these lawsuits. That judge set a new summary judgment briefing schedule, and the parties submitted cross-motions for summary judgment which remain pending. On October 5, 2016, the Bankruptcy Court granted CEOC's motion for a stay of the New York First Lien Lawsuit and the New York Second Lien Lawsuit (and others). The stay will remain in effect until the earlier of (a) the first omnibus hearing after the Bankruptcy Court issues its decision confirming or denying confirmation of the CEOC reorganization plan, (b) the termination of the restructuring support agreement with the Official Committee of Second Priority Noteholders (the "Second Lien RSA") or (c) further order of the Bankruptcy Court. CAC and CGP LLC are not parties to these lawsuits. On October 20, 2015, Wilmington Trust, National Association ("Wilmington Trust"), filed a lawsuit (the "New York Senior Notes Lawsuit" and, together with the Delaware Second Lien Lawsuit, the Delaware First Lien Lawsuit, the Senior Unsecured Lawsuits, the New York Second Lien Lawsuit, and the New York First Lien Lawsuit, the "Parent Guarantee Lawsuits") against CEC in federal district court in Manhattan in its capacity as successor indenture trustee for CEOC's 10.75% Senior Notes due 2016 (the "10.75% Senior Notes"). Plaintiff alleges that CEC is obligated to make payment of amounts due on the 10.75% Senior Notes pursuant to a parent guarantee provision in the indenture governing those notes that plaintiff alleges is still in effect. Plaintiff raises claims for violations of the Trust Indenture Act of 1939, breach of contract, breach of the implied duty of good faith and fair dealing, and for declaratory judgment, and seeks monetary and declaratory relief. CEC filed its answer to the complaint on November 23, 2015. As with the other parent guarantee lawsuits taking place in Manhattan, the judge presiding over these cases retired and a new judge was appointed to preside over these lawsuits. That judge set a new summary judgment briefing schedule and the parties submitted cross-motions for summary judgment which remain pending. On October 5, 2016, the Bankruptcy Court granted CEOC's motion for a stay of this proceeding (and others). The stay will remain in effect until the earlier of (a) the first omnibus hearing after the Bankruptcy Court issues its decision confirming or denying confirmation of the CEOC reorganization plan, (b) the termination of the Second Lien RSA or (c) further order of the Bankruptcy Court. In accordance with the terms of the applicable indentures and as previously disclosed, Caesars Entertainment believes that it is not subject to the above-described guarantees. As a result, Caesars Entertainment believes the demands for payment are without merit. The claims against CEOC have been stayed due to the Chapter 11 process and, except as described above, the actions against CEC have been allowed to continue. CAC and CGP LLC believe that the claims and demands described above against CAC and CGP LLC in the Delaware First Lien Lawsuit and Delaware Second Lien Lawsuit are without merit and intend to defend themselves vigorously. For the Delaware First Lien Lawsuit and Delaware Second Lien Lawsuit, at the present time, CAC and CGP LLC believe it is not probable that a material loss will result from the outcome of these matters. However, given the uncertainty of litigation, CAC and CGP LLC cannot provide assurance as to the outcome of these matters or of the range of reasonably possible losses should the matters ultimately be resolved against them. Should these matters ultimately be resolved through litigation outside of the financial restructuring of CEOC, which CAC and CGP LLC believe these matters would likely be long and protracted, and were a court to find in favor of the claimants in the Delaware First Lien Lawsuit or the Delaware Second Lien Lawsuit, such determination could have a material adverse effect on CAC and CGP LLC's business, financial condition, results of operations, and cash flows. As part of CEOC's bankruptcy proceeding, the Official Committee of Second Priority Noteholders ("Second Priority Noteholders") filed a standing motion in bankruptcy court on May 13, 2016 seeking standing to commence claims on behalf of CEOC's estate. The proposed complaint names as potential defendants CAC, CGP LLC, CIE, and CES as well as CEC and CERP among others, and seeks recovery of assets transferred from CEOC. The proposed complaint alleges claims on behalf of CEOC's estate ranging in value from $8.1 billion to $12.6 billion against all defendants, as valued by the Second Priority Noteholders. Of this amount, the Second Priority Noteholders allege potential claims against CAC, CGP LLC, and CIE ranging from $3.7 billion to $7.9 billion , without taking into account any duplicative recovery, based on calculations in an exhibit to the revised disclosure statement filed in the bankruptcy court on May 27, 2016. A hearing on the standing motion was held on October 19, 2016, and the standing motion was continued until January 17, 2017. On October 5, 2016, CEOC announced the execution of, or amendment and restatement of, restructuring support agreements with representatives of all of CEOC's major creditor groups, as well as agreement to the terms of CEOC's third amended plan of reorganization. Included among these was the Second Lien RSA. Pursuant to the terms of the Second Lien RSA, CEOC and the Second Priority Noteholders have agreed to stay certain discovery deadlines and to hold in abeyance various proceedings pending before the bankruptcy court. The Second Priority Noteholders' standing motion, various claim objections and motions to compel will all be held in abeyance until (a) the date on which the Debtors' third amended plan becomes effective or (b) seven days after the termination of the Second Lien RSA for any reason, whichever is earlier. The Second Lien RSA further requires the consenting Second Priority Noteholders to vote in favor of the plan. On August 9, 2016, CEOC and certain of its affiliates, each debtor in the Chapter 11 bankruptcy proceedings, filed an adversary complaint as part of the Chapter 11 bankruptcy proceeding against CAC, CIE, CGP LLC, and Caesars Growth Properties Holdings, LLC ("CGPH"), among others, including CEC, CES, and certain current and former directors of CEOC and CEC. In this adversary complaint, the plaintiffs assert claims against CAC for actual and constructive fraudulent conveyances and transfers. The plaintiffs allege, among other things, that certain transactions in which CAC purchased assets from CEOC constituted fraudulent conveyances, and that CAC did not provide CEOC with reasonably equivalent value for the assets acquired. The plaintiffs also claim certain transactions involving CIE constituted fraudulent transfers. The plaintiffs seek, among other relief, avoidance and/or rescission of the disputed transactions; return of assets transferred in those transactions; compensation from defendants for CEOC's alleged losses and damages; and an award to plaintiffs of the costs of the actions, including attorney's fees. CAC, CIE, CGP LLC, and CGPH believe the above-referenced adversary complaint is without merit and intend to defend it vigorously, including by filing a motion to dismiss at the appropriate time. The status and timing of the adversary proceeding is affected by the Bankruptcy proceedings. On August 10, 2016, CEOC filed an emergency motion seeking, among other relief, to stay the above-referenced adversary proceeding. On August 23, 2016, the bankruptcy court granted the relief requested until the October 19, 2016 omnibus hearing. At the October 19, 2016 omnibus hearing, the bankruptcy court continued the adversary proceeding until the November 16, 2016 omnibus hearing. Report of Bankruptcy Examiner The Bankruptcy Court previously engaged an independent examiner to investigate possible claims CEOC might have against CEC, CAC, CGP LLC, other entities and certain individuals. On March 15, 2016, the examiner released his report in redacted form (to the public) and in unredacted form (to certain entities and individuals). On May 16, 2016, the examiner issued a substantially unredacted version of his report. CAC, CGP LLC and CIE do not have access to the unredacted report, and accordingly the description below is based on the substantially unredacted publicly-available report. The examiner's report identifies a variety of potential claims against CAC, CGP LLC, CIE, other entities and certain individuals related to a number of transactions dating back to 2009. Most of the examiner's findings are based on his view that CEOC was "insolvent" at the time of the applicable transactions. The examiner's report includes his conclusions on the relative strength of these possible claims, many of which are described above. The examiner calculates an estimated range of potential damages for these potential claims as against all parties from $3.6 billion to $5.1 billion . The examiner calculates an estimated range of potential damages for potential claims against CAC, CGP LLC and CIE from $1.7 billion to $2.3 billion , ignoring potential duplication of recovery from other defendants. Neither calculation takes into account probability of success, likelihood of collection, or the time or cost of litigation. Although this report was prepared at the request of the Bankruptcy Court, none of the findings are legally binding on the Bankruptcy Court or any party. CAC, CGP LLC and CIE contest many of the examiner's findings, including his finding that CEOC did not receive fair value for assets transferred, any suggestion that certain of the potential claims against CAC, CGP LLC and CIE have merit, and his calculation of potential damages. CAC, CGP LLC and its subsidiaries believe that each of the disputed transactions involving them provided substantial value to CEOC that was reasonably equivalent to the value of the asset (s) transferred, and that they at all times acted in good faith. National Retirement Fund In January 2015, a majority of the Trustees of the National Retirement Fund ("NRF"), a multi-employer defined benefit pension plan, voted to expel CEC and its participating subsidiaries, the CEC Group, from the plan. Neither CAC, CGP LLC nor any of their subsidiaries are part of the CEC Group. NRF claims that CEOC's bankruptcy presents an "actuarial risk" to the plan because, depending on the outcome of the bankruptcy proceeding, CEC might no longer be liable to the plan for any partial or complete withdrawal liability. NRF has advised the CEC Grou

Stock-based Compensation

Stock-based Compensation	9 Months Ended
	Sep. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-based Compensation	Stock-based Compensation Restricted Stock Units During the nine months ended September 30, 2016 , certain restricted stock unit ("RSU") awards vested under the 2014 Performance Incentive Plan ("the PIP Plan"). The following is a summary of CAC's RSU activity for the nine months ended September 30, 2016 : Restricted Stock Units Fair Value (1) Outstanding at January 1, 2016 525,997 $ 12.19 Granted 361,349 10.52 Vested (91,044 ) 10.78 Outstanding at September 30, 2016 796,302 11.60 _____________________________________________________ (1) Represents the weighted-average grant date fair value per RSU. As of September 30, 2016 , there was approximately $5.7 million of total unrecognized compensation cost related to RSUs granted under the PIP Plan, which is expected to be recognized over a weighted-average remaining period of two years using the straight-line method. During the three and nine months ended September 30, 2016 , total compensation expense recorded in earnings for RSUs granted under the PIP Plan was $0.8 million and $2.3 million , respectively. During the three and nine months ended September 30, 2015 , total compensation expense that was recorded in earnings for RSUs granted under the PIP Plan was $0.8 million and $4.1 million , respectively. This expense was included in Operating expenses in the Condensed Statements of Operations and Comprehensive Income. RSUs granted to non-employees are equity-classified awards and are remeasured at fair value at the end of each reporting period. Stock Options The following is a summary of CAC's stock option activity for the nine months ended September 30, 2016 : Options Weighted Average Exercise Price Fair Value (1) Weighted Average Remaining Contractual Term (years) Aggregate Intrinsic Value (in millions) Outstanding at January 1, 2016 1,420,000 $ 9.51 $ 4.99 8.9 $ — Exercised (337,500 ) 9.84 6.10 0.9 Outstanding at September 30, 2016 1,082,500 9.41 4.64 8.1 3.3 Vested and expected to vest at September 30, 2016 1,082,500 9.41 4.64 8.1 3.3 Exercisable at September 30, 2016 5,000 7.73 3.10 8.6 — _____________________________________________________ (1) Represents the weighted-average grant date fair value per option. There were no stock option valuations required during the nine months ended September 30, 2016 . Stock options granted to employees are equity classified and measured at fair value at the date of grant. Valuation assumptions for stock options used in the Black-Scholes model to estimate fair value during the nine months ended September 30, 2015 were: Nine Months Ended September 30, 2015 Expected volatility 39.9% - 45.7% Weighted-average volatility 45.5% Expected dividend yield —% Expected term (in years) 5.8 - 9.4 Risk-free interest rate 1.8% - 2.3% As of September 30, 2016 , there was approximately $0.1 million of total unrecognized compensation expense related to stock options granted under the PIP Plan, which is expected to be recognized over a weighted-average period of 1.6 years . During the three and nine months ended September 30, 2016 , total compensation expense recorded in earnings for stock options was $0.4 million and $1.1 million , respectively. During the three and nine months ended September 30, 2015 , total compensation expense recorded in earnings for stock options was $0.4 million and $3.1 million , respectively. This expense was included in Operating expenses in the Condensed Statements of Operations and Comprehensive Income. Pursuant to the described RSU vesting events and option exercises, CAC issued approximately 419,000 shares during the nine months ended September 30, 2016 . In accordance with the CGP Operating Agreement, CGP LLC issued an equivalent number of Class A voting units to CAC, such that the number of shares of CAC stock outstanding equals the number of Class A voting units of CGP LLC owned by CAC. CAC's economic ownership of CGP LLC was 38.9% at September 30, 2016 .

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	9 Months Ended
	Sep. 30, 2016
Supplemental Cash Flow Elements [Abstract]
Supplemental Cash Flow Information	Supplemental Cash Flow Information Significant non-cash transactions for the nine months ended September 30, 2016 included (1) $721.3 million in income from our equity method investment in CGP LLC, (2) $17.9 million of fees and expenses paid directly by CGP LLC that were incurred by CAC and also accounted for as a non-cash distribution from CGP LLC, and (3) estimated net $277.6 million tax provision related to the gain on the Sale to be paid by CGP LLC on behalf of CAC offset by existing prepaid taxes previously recorded at CAC. Significant non-cash transactions for the nine months ended September 30, 2015 included (1) $73.0 million in income from our equity method investment in CGP LLC and (2) $16.7 million fees and expenses paid directly by CGP LLC that were incurred by CAC and also accounted for as a non-cash distribution from CGP LLC. CAC's expenses incurred in the normal course of business are expected to be paid by CGP LLC on behalf of CAC in accordance with the CGP Operating Agreement. During the nine months ended September 30, 2016 and 2015 , CGP LLC did not make tax payments on behalf of CAC. There was no interest expense incurred or cash paid for interest for the nine months ended September 30, 2016 and 2015 .

Related Party Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2016
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions Management Services Agreement with CES CES provides (a) certain corporate services and back office support, including payroll, accounting, risk management, tax, finance, recordkeeping, financial statement preparation and audit support, legal, treasury functions, regulatory compliance, insurance, information systems, office space and corporate, and other centralized services, (b) certain advisory and business management services, including developing business strategies, executing financing transactions and structuring acquisitions and joint ventures and (c) other services from time to time to CAC. In connection with the CGP Operating Agreement, CGP LLC pays for these services on behalf of CAC. CAC accounts for these amounts as non-cash distributions from CGP LLC, thereby reducing CAC's investment in CGP LLC. Share-based Payments to Non-employees of CAC or CGP LLC On April 9, 2014, the Board of Directors (the "Board") approved the CAC Equity-Based Compensation Plan for CEC Employees (the "Equity Plan"). Under the Equity Plan, CEC is authorized to grant stock options, stock appreciation rights, stock bonuses, restricted stock, performance stock, stock units, phantom stock, dividend equivalents, cash awards, rights to purchase or acquire shares or similar securities in the form of or with a value related to our common stock to officers, employees, directors, individual consultants and advisers of CEC and its subsidiaries. The Equity Plan will terminate on April 9, 2024. Subject to adjustments in connection with certain changes in capitalization, the maximum value of the shares of our common stock that may be delivered pursuant to awards under the Equity Plan is $25.0 million . Expense associated with the Equity Plan is recorded as management fee expense by CGP LLC, totaling $0.3 million and $1.7 million for the three and nine months ended September 30, 2016 , respectively, and $2.0 million and $11.1 million for the three and nine months ended September 30, 2015 , respectively. Stock-based Compensation Granted to Related Parties In December 2014, CAC granted RSU awards and options to a related party consultant under the PIP Plan. During the three month period ended March 31, 2015, the service period for these grants was accelerated to end in July 2015. The vesting period remained unchanged. During the three and nine months ended September 30, 2015 , $0.4 million and $4.4 million expense was recognized related to these grants, respectively. As the service period ended on July 2015, there was no expense recognized for these grants during the three and nine months ended September 30, 2016 . In May 2014, CAC granted RSUs to an employee. During the three month period ended March 31, 2016, this individual terminated employment and became a related party consultant. The vesting period and service period remained unchanged. Expense recognized for the RSU grants during the three and nine months ended September 30, 2016 was immaterial. In June 2016, CAC granted RSU awards to a related party consultant under the PIP Plan. During both the three and nine months ended September 30, 2016 , $0.3 million of expense was recognized related to these grants. Investment in Notes from Related Party CAC owns $137.5 million in aggregate principal amount of 6.50% CEOC Notes, which matured on June 1, 2016, and $151.4 million in aggregate principal amount of 5.75% CEOC Notes, maturing October 1, 2017. Both of these notes were included as a reduction of Additional paid-in capital in the Condensed Balance Sheets and Condensed Statements of Stockholders' Equity along with interest receivable at the distribution date. These notes are held at the distributed value with no subsequent adjustments such as fair value adjustments or interest receivable. Pursuant to the terms of the Amended Merger Agreement, CAC does not expect to collect principal or interest receivable from these notes. For accounting purposes, the fair value of the distribution of these notes from CGP LLC reduced the deployed capital upon which the minimum guaranteed return to CAC has been calculated prospectively from the August 6, 2014 distribution date.

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2016
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events Equity and Equity Awards During October 2016, certain RSU awards under the PIP Plan and under the Equity Plan vested and stock options were exercised under the PIP Plan. Pursuant to these events, CAC issued 464,737 shares. In accordance with the CGP Operating Agreement, CGP LLC issued an equivalent number of Class A voting units to CAC, such that the number of shares of CAC stock outstanding equals the number of Class A voting units of CGP LLC owned by CAC. CAC's economic ownership of CGP LLC increased from approximately 38.9% to 39.0% .

Description of Business and B18

Description of Business and Basis of Presentation (Policies)	9 Months Ended
	Sep. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation Our unaudited condensed financial statements are prepared in accordance with generally accepted accounting principles ("GAAP") in the United States, which require the use of estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the amounts of expenses during the reporting periods. Management believes the accounting estimates are appropriate and reasonably stated. However, due to the inherent uncertainties in making these estimates, actual amounts could differ. The results of operations for our interim periods are not necessarily indicative of the results of operations that may be achieved for the 2016 fiscal year. The accompanying unaudited condensed financial statements are prepared under the rules and regulations of the Securities and Exchange Commission ("SEC") applicable for interim periods and, therefore, do not include all information and footnotes necessary for complete financial statements in conformity with GAAP. Accordingly, the accompanying unaudited condensed financial statements should be read in conjunction with the Company's audited financial statements presented in the Company's Annual Report on Form 10-K for the year ended December 31, 2015 . Given the significance of the investment in CGP LLC to the financial position and results of operations of CAC, we have elected to include interim selected financial information of CGP LLC as an exhibit to this Quarterly Report. As CAC is the parent company to CGP LLC, a joint venture accounted for using the HLBV approach to the equity method of accounting, and as the interim selected financial information of CGP LLC are included as an exhibit to this Quarterly Report on Form 10-Q , segment reporting is not required.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements In January 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2016-01, Financial Instruments - Overall: Recognition and Measurement of Financial Assets and Financial Liabilities, which primarily affects the accounting for equity investments that do not result in consolidation and are not accounted for under the equity method, presentation of changes in the fair value of financial liabilities measured under the fair value option, and the presentation and disclosure requirements for financial instruments. The ASU also clarifies that an entity should evaluate the need for a valuation allowance on a deferred tax asset related to available-for-sale securities in combination with the entity's other deferred tax assets. The ASU is effective for public business entities for fiscal years beginning after December 15, 2017, and interim periods within those years. Entities can early adopt certain provision of ASU 2016-01. We are currently assessing the impact the adoption of this standard will have on our financial statements. In March 2016, the FASB issued ASU No. 2016-09, Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting , which (1) requires that all income tax effects of awards be recognized in the income statement when the awards vest or are settled, (2) requires that companies present excess tax benefits as an operating activity on the statement of cash flows rather than as a financing activity, (3) allows employers to withhold up to the maximum statutory tax rates in the applicable jurisdictions without triggering liability accounting, (4) allows companies to make a policy election to either account for forfeitures as they occur or estimate forfeitures, and (5) includes nonpublic entity practical expedients. For public business entities, the amendments in this guidance are effective for fiscal years beginning after December 15, 2016, and interim periods within those years. Early adoption is permitted. We have adopted ASU No. 2016-09 during the quarter ended June 30, 2016. The adoption of this ASU had an immaterial impact on our financial statements. In June 2016, FASB issued ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments , which replaces the incurred loss impairment methodology with a methodology that reflects expected credit losses on certain types of financial instruments and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. For available-for-sale debt securities, ASU No. 2016-13 aligns the income statement recognition of credit losses with the reporting period in which changes occur by recording credit losses and subsequent reversals through an allowance rather than a write-down. For public business entities that are SEC filers, the amendments in this guidance are effective for fiscal years beginning after December 15, 2019, and interim periods within those years. Early application will be permitted for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. We are currently assessing the impact the adoption of this standard will have on our financial statements. In August 2016, the FASB issued ASU No. 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments , which addresses classification issues related to the statement of cash flows. The amendments in ASU No. 2016-15 provide guidance on the following eight specific cash flow issues: (1) debt prepayment or debt extinguishment costs, (2) settlement of zero-coupon debt instruments or other debt instruments with coupon interest rates that are insignificant in relation to the effective interest rate of the borrowing, (3) contingent consideration payments made after a business combination, (4) proceeds from the settlement of insurance claims, (5) proceeds from the settlement of corporate-owned life insurance policies including bank-owned life insurance policies, (6) distributions received from equity method investees, (7) beneficial interests in securitization transactions, and (8) separately identifiable cash flows and application of the predominance principle. For public business entities, the ASU will be effective for fiscal years beginning after December 15, 2017, and interim periods within those years. Early adoption is permitted. We are currently assessing the impact the adoption of this standard will have on our financial statements. In October 2016, the FASB issued ASU No. 2016-17, Consolidation (Topic 810): Interests Held through Related Parties That Are under Common Control , which amends ASU No. 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis . The amendment alters how a decision maker should consider indirect interests in a variable interest entity ("VIE") held through an entity under common control. If a decision maker is required to evaluate whether it is the primary beneficiary of a VIE, it will need to consider only its proportionate indirect interest in the VIE held through a common control party. ASU No. 2016-17 does not change the characteristics of a primary beneficiary in the VIE model. This ASU is effective for public business entities for fiscal years beginning after December 15, 2016, and interim periods within those years. Early adoption is permitted. We are currently assessing the impact the adoption of this standard will have on our financial statements.

Equity Method Investment in C19

Equity Method Investment in Caesars Growth Partners, LLC (Tables)	9 Months Ended
	Sep. 30, 2016
Equity Method Investments and Joint Ventures [Abstract]
Investee financial results	Our investee, CGP LLC, had the following financial results as of or for the periods indicated (see CGP LLC financial information in Exhibit 99.1 ): Nine Months Ended September 30, (In millions) 2016 2015 Statements of Operations Revenues Net revenues $ 1,284.1 $ 1,217.4 Operating expenses Direct operating expenses 581.7 572.8 Property, general, administrative and other 559.4 363.0 Write-downs, reserves and project opening costs, net of recoveries 0.5 8.4 Management fees to related parties 33.3 45.1 Depreciation and amortization 129.5 110.9 Change in fair value of contingently issuable non-voting membership units — (107.5 ) Total operating expenses 1,304.4 992.7 (Loss)/income from operations (20.3 ) 224.7 Interest expense, net of interest capitalized (149.1 ) (145.3 ) Other income, net — 4.0 (Loss)/income from continuing operations before benefit from income taxes (169.4 ) 83.4 Benefit from income taxes 9.2 3.8 Net (loss)/income from continuing operations (160.2 ) 87.2 Discontinued operations Income from discontinued operations before income taxes, including $4,161.2 gain on sale of SMG Business in the third quarter of 2016 4,090.9 164.1 Provision for income taxes related to discontinued operations (13.8 ) (49.7 ) Net income from discontinued operations 4,077.1 114.4 Net income 3,916.9 201.6 Less: net loss/(income) attributable to non-controlling interests 26.4 (4.0 ) Net income attributable to Caesars Growth Partners, LLC $ 3,943.3 $ 197.6 Balance Sheet Data (at period end) September 30, 2016 December 31, 2015 Current assets $ 4,590.8 $ 1,250.0 Long-term assets 3,179.1 3,283.3 Current liabilities 752.0 388.2 Long-term liabilities 2,287.8 2,413.4 Redeemable non-controlling interests 0.9 0.5 Equity attributable to Caesars Growth Partners, LLC 4,718.6 1,691.0 Non-redeemable non-controlling interests 10.6 40.2

Stockholders_ Equity and Earn20

Stockholders’ Equity and Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2016
Equity [Abstract]
Computations of basic EPS and diluted EPS	The following table summarizes the computations of Basic EPS and Diluted EPS: Three Months Ended September 30, Nine Months Ended September 30, (In millions, except per share data) 2016 2015 2016 2015 Net income $ 521.9 $ 7.0 $ 539.6 $ 23.5 Shares used to compute EPS: Weighted average common stock outstanding - basic 137.5 136.4 137.4 136.4 Dilutive potential common shares 0.5 0.4 0.3 0.2 Weighted average common stock outstanding - diluted 138.0 136.8 137.7 136.6 Earnings per share: Basic $ 3.80 $ 0.05 $ 3.93 $ 0.17 Diluted $ 3.78 $ 0.05 $ 3.92 $ 0.17

Income Taxes (Tables)

Income Taxes (Tables)	9 Months Ended
	Sep. 30, 2016
Income Tax Disclosure [Abstract]
Provision for income taxes	Total provision for income taxes is as follows: Three Months Ended September 30, Nine Months Ended September 30, (In millions) 2016 2015 2016 2015 Provision for income taxes $ 141.3 $ 8.2 $ 158.5 $ 25.1

Stock-based Compensation (Table

Stock-based Compensation (Tables)	9 Months Ended
	Sep. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Summary of RSU activity	The following is a summary of CAC's RSU activity for the nine months ended September 30, 2016 : Restricted Stock Units Fair Value (1) Outstanding at January 1, 2016 525,997 $ 12.19 Granted 361,349 10.52 Vested (91,044 ) 10.78 Outstanding at September 30, 2016 796,302 11.60 _____________________________________________________ (1) Represents the weighted-average grant date fair value per RSU.
Summary of stock options	The following is a summary of CAC's stock option activity for the nine months ended September 30, 2016 : Options Weighted Average Exercise Price Fair Value (1) Weighted Average Remaining Contractual Term (years) Aggregate Intrinsic Value (in millions) Outstanding at January 1, 2016 1,420,000 $ 9.51 $ 4.99 8.9 $ — Exercised (337,500 ) 9.84 6.10 0.9 Outstanding at September 30, 2016 1,082,500 9.41 4.64 8.1 3.3 Vested and expected to vest at September 30, 2016 1,082,500 9.41 4.64 8.1 3.3 Exercisable at September 30, 2016 5,000 7.73 3.10 8.6 — _____________________________________________________ (1) Represents the weighted-average grant date fair value per option.
Valuation assumptions for stock options	Valuation assumptions for stock options used in the Black-Scholes model to estimate fair value during the nine months ended September 30, 2015 were: Nine Months Ended September 30, 2015 Expected volatility 39.9% - 45.7% Weighted-average volatility 45.5% Expected dividend yield —% Expected term (in years) 5.8 - 9.4 Risk-free interest rate 1.8% - 2.3%

Description of Business and B23

Description of Business and Basis of Presentation (Details) - $ / shares	Jul. 09, 2016	Sep. 30, 2016	Dec. 31, 2015
Business Acquisition [Line Items]
Subsidiary ownership percentage		100.00%
Merger Agreement [Member]
Business Acquisition [Line Items]
Termination period after adjustment period	5 days
Caesars Entertainment Corporation [Member] | Merger Agreement [Member]
Business Acquisition [Line Items]
Common stock, par value (usd per share)	$ 0.01
Business Combination, Common Shares Acquired, Percent	27.00%
Common Class A [Member]
Business Acquisition [Line Items]
Common stock, par value (usd per share)		$ 0.001	$ 0.001
Common Class A [Member] | Merger Agreement [Member]
Business Acquisition [Line Items]
Common stock, par value (usd per share)	$ 0.001
Common Class B [Member]
Business Acquisition [Line Items]
Common stock, par value (usd per share)		$ 0.001	$ 0.001
Common Class B [Member] | Merger Agreement [Member]
Business Acquisition [Line Items]
Common stock, par value (usd per share)	$ 0.001
Minimum [Member] | Merger Agreement [Member]
Business Acquisition [Line Items]
Adjustment period	14 days
Maximum [Member] | Merger Agreement [Member]
Business Acquisition [Line Items]
Adjustment period	30 days

Equity Method Investment in C24

Equity Method Investment in Caesars Growth Partners, LLC - Additional Information (Details) - USD ($) shares in Millions, $ in Millions	Sep. 30, 2016	Sep. 23, 2016	Apr. 30, 2016	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Mar. 31, 2016
Schedule of Equity Method Investments [Line Items]
Provision for gain before tax				$ (4,161.2)
Return on capital contribution						10.50%
Caesars Growth Partners, LLC [Member]
Schedule of Equity Method Investments [Line Items]
Return on capital contribution				10.50%	10.50%	10.50%	10.50%
Equity method investment, ownership percentage	38.90%			38.90%		38.90%
Common Class B [Member] | Caesars Growth Partners, LLC [Member]
Schedule of Equity Method Investments [Line Items]
Stock issued during period (shares)			31.9
Caesars Growth Partners, LLC [Member]
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage	38.90%		38.80%	38.90%		38.90%		42.60%
SMG Business [Member] | Disposed of by Sale [Member] | Caesars Growth Partners, LLC [Member]
Schedule of Equity Method Investments [Line Items]
Proceeds from divestiture of businesses		$ 4,400
Provision for gain before tax		4,200
Tax provision	$ 277.6					$ 277.6
Distributions to minority investors		$ 1,052.4
Accrued expenses and other current liabilities	87.6			$ 87.6		87.6
Restricted Cash, Current [Member] | SMG Business [Member] | Disposed of by Sale [Member] | Caesars Growth Partners, LLC [Member]
Schedule of Equity Method Investments [Line Items]
Escrow deposit for potential indemnity claims	264			264		264
Escrow deposit	$ 2,764			$ 2,764		$ 2,764

Equity Method Investment in C25

Equity Method Investment in Caesars Growth Partners, LLC - Schedule of Financial Results (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Operating expenses
Total operating expenses	$ 9,300,000	$ 9,200,000	$ 23,200,000	$ 24,400,000
Loss from operations	(9,300,000)	(9,200,000)	(23,200,000)	(24,400,000)
Interest expense, net of interest capitalized			0	0
Income before provision for income taxes	663,200,000	15,200,000	698,100,000	48,600,000
Benefit from income taxes	(141,300,000)	(8,200,000)	(158,500,000)	(25,100,000)
Net income	521,900,000	$ 7,000,000	539,600,000	23,500,000
Discontinued operations
Net income attributable to Caesars Growth Partners, LLC			539,600,000	23,500,000
Balance Sheet Data (at period end)
Current assets	304,500,000		304,500,000		$ 41,500,000
Current liabilities	257,300,000		257,300,000		100,000
Caesars Growth Partners, LLC [Member]
Revenues
Net revenues			1,284,100,000	1,217,400,000
Operating expenses
Direct operating expenses			581,700,000	572,800,000
Property, general, administrative and other			559,400,000	363,000,000
Write-downs, reserves and project opening costs, net of recoveries			500,000	8,400,000
Management fees to related parties			33,300,000	45,100,000
Depreciation and amortization			129,500,000	110,900,000
Change in fair value of contingently issuable non-voting membership units			0	(107,500,000)
Total operating expenses			1,304,400,000	992,700,000
Loss from operations			(20,300,000)	224,700,000
Interest expense, net of interest capitalized			(149,100,000)	(145,300,000)
Other income, net			0	4,000,000
Income before provision for income taxes			(169,400,000)	83,400,000
Benefit from income taxes			9,200,000	3,800,000
Net income			(160,200,000)	87,200,000
Discontinued operations
Income from discontinued operations before income taxes, including $4,161.2 gain on sale of SMG Business in the third quarter of 2016			4,090,900,000	164,100,000
Provision for income taxes related to discontinued operations			(13,800,000)	(49,700,000)
Net income from discontinued operations			4,077,100,000	114,400,000
Net income			3,916,900,000	201,600,000
Less: net loss/(income) attributable to non-controlling interests			26,400,000	(4,000,000)
Net income attributable to Caesars Growth Partners, LLC			3,943,300,000	$ 197,600,000
Balance Sheet Data (at period end)
Current assets	4,590,800,000		4,590,800,000		1,250,000,000
Long-term assets	3,179,100,000		3,179,100,000		3,283,300,000
Current liabilities	752,000,000		752,000,000		388,200,000
Long-term liabilities	2,287,800,000		2,287,800,000		2,413,400,000
Redeemable non-controlling interests	900,000		900,000		500,000
Equity attributable to Caesars Growth Partners, LLC	4,718,600,000		4,718,600,000		1,691,000,000
Non-redeemable non-controlling interests	$ 10,600,000		$ 10,600,000		$ 40,200,000

Stockholders_ Equity and Earn26

Stockholders’ Equity and Earnings Per Share (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Class of Stock [Line Items]
Maximum cash call percentage			50.00%
Minimum return on capital contribution per annum			10.50%
Maximum return on capital contribution per annum			25.00%
Anti-dilutive shares excluded from the computation of diluted earnings per share (shares)	0	1,900,000	0	1,900,000
Caesars Growth Partners, LLC [Member]
Class of Stock [Line Items]
Minimum return on capital contribution per annum	10.50%	10.50%	10.50%	10.50%
Caesars Growth Partners, LLC [Member] | Notes Receivable at 6.50% [Member]
Class of Stock [Line Items]
Investment in notes from related party			$ 137.5
Notes receivable, stated interest rate			6.50%
Caesars Growth Partners, LLC [Member] | Notes Receivable at 5.75% [Member]
Class of Stock [Line Items]
Investment in notes from related party			$ 151.4
Notes receivable, stated interest rate			5.75%
Common Class A [Member]
Class of Stock [Line Items]
Common stock, shares outstanding (shares)	137,760,236		137,760,236		137,341,569
Common Class B [Member]
Class of Stock [Line Items]
Common stock, shares outstanding (shares)	0		0		0

Stockholders_ Equity and Earn27

Stockholders’ Equity and Earnings Per Share - EPS Calculation (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Equity [Abstract]
Net income	$ 521.9	$ 7	$ 539.6	$ 23.5
Shares used to compute EPS:
Weighted average common stock outstanding - basic (shares)	137.5	136.4	137.4	136.4
Dilutive potential common shares (shares)	0.5	0.4	0.3	0.2
Weighted average common stock outstanding - diluted (shares)	138	136.8	137.7	136.6
Earnings per share
Basic (usd per share)	$ 3.80	$ 0.05	$ 3.93	$ 0.17
Diluted (usd per share)	$ 3.78	$ 0.05	$ 3.92	$ 0.17

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Provision for income taxes	$ 141.3	$ 8.2	$ 158.5	$ 25.1
Tax uncertainty reserve	$ 97		$ 97		$ 0
Effective income tax rate	21.30%	53.90%	22.70%	51.60%
Federal statutory income tax rate			35.00%	35.00%

Litigation, Contractual Commi29

Litigation, Contractual Commitments and Contingent Liabilities (Details)

May 13, 2016USD ($)

Sep. 17, 2015USD ($)

Sep. 08, 2015USD ($)

Feb. 18, 2015USD ($)

Feb. 13, 2015USD ($)

Oct. 10, 2013plantiff

Aug. 01, 2013countplantiff

Jul. 02, 2013plantiff

May 20, 2013plantiff

Dec. 26, 2013plantiff

Mar. 15, 2016USD ($)

Dec. 04, 2015

Mar. 03, 2015

Jan. 31, 2015USD ($)payment

Nov. 25, 2014

Sep. 03, 2014USD ($)

Aug. 04, 2014

CEC Group [Member]

Loss Contingencies [Line Items]

Withdrawal obligation

$ 360,000,000

Withdrawal obligation, number of payments | payment

80

Withdrawal obligation, quarterly payment

$ 6,000,000

Senior Notes [Member] | Caesars Growth Partners, LLC [Member] | Second Priority Senior Secured Notes With Maturity Of 2018 [Member]

Loss Contingencies [Line Items]

Stated interest rate

10.00%

Senior Notes [Member] | CEOC [Member] | 6.50% Senior Unsecured Notes [Member]

Loss Contingencies [Line Items]

Stated interest rate

6.50%

Senior Notes [Member] | CEOC [Member] | Senior Notes Due 2020 [Member]

Loss Contingencies [Line Items]

Stated interest rate

8.50%

Senior Notes [Member] | CEOC [Member] | 11.25 Percent Senior Secured Notes [Member]

Loss Contingencies [Line Items]

Stated interest rate

11.25%

Senior Notes [Member] | CEOC [Member] | 8.50 Percent Senior Secured Notes [Member]

Loss Contingencies [Line Items]

Stated interest rate

8.50%

Senior Notes [Member] | CEOC [Member] | 9.00 Percent Senior Secured Notes [Member]

Loss Contingencies [Line Items]

Stated interest rate

9.00%

Senior Subordinated Notes [Member] | CEOC [Member] | 10.00% Second-Priority Notes [Member]

Loss Contingencies [Line Items]

Stated interest rate

10.00%

Senior Subordinated Notes [Member] | CEOC [Member] | 12.75% Second-Priority Notes [Member]

Loss Contingencies [Line Items]

Stated interest rate

12.75%

12.75%

Pending Litigation [Member] | Horseshoe Casino Baltimore [Member]

Loss Contingencies [Line Items]

Number of plaintiffs | plantiff

10

2

2

Number of alleged counts | count

11

Number of additional plaintiffs | plantiff

44

Number of residents with intent to file suit | plantiff

4

Number of plaintiffs withdrawn | plantiff

1

Certain Note Holders [Member] | Senior Notes [Member] | CEOC [Member] | Senior Notes Due 2016 and 2017 [Member]

Loss Contingencies [Line Items]

Face value of debt

$ 21,000,000

Guarantee of Indebtedness of Others [Member] | Senior Subordinated Notes [Member] | CEC Group [Member] | 10.00% Second-Priority Notes [Member]

Loss Contingencies [Line Items]

Damages sought

$ 3,700,000,000

Guarantee of Indebtedness of Others [Member] | Senior Subordinated Notes [Member] | CEC Group [Member] | 12.75% Second-Priority Notes [Member]

Loss Contingencies [Line Items]

Damages sought

$ 750,000,000

Guarantee of Indebtedness of Others, Interest Payment [Member] | Senior Subordinated Notes [Member] | CEC Group [Member] | 10.00% Second-Priority Notes [Member]

Loss Contingencies [Line Items]

Damages sought

$ 184,000,000

Unfavorable Regulatory Action [Member] | Caesars Entertainment Corporation [Member]

Loss Contingencies [Line Items]

Litigation settlement amount

$ 1,500,000

$ 8,000,000

Minimum [Member] | Senior Notes [Member] | CEOC [Member]

Loss Contingencies [Line Items]

Amount of claims filed

$ 8,100,000,000

Minimum [Member] | Senior Subordinated Notes [Member] | CEOC [Member]

Loss Contingencies [Line Items]

Amount of claims filed

3,700,000,000

Minimum [Member] | Report of Bankruptcy Examiner [Member]

Loss Contingencies [Line Items]

Range of possible loss

$ 3,600,000,000

Minimum [Member] | Report of Bankruptcy Examiner [Member] | CAC, CGP LLC and CIE [Member]

Loss Contingencies [Line Items]

Range of possible loss

1,700,000,000

Maximum [Member] | Senior Notes [Member] | CEOC [Member]

Loss Contingencies [Line Items]

Amount of claims filed

12,600,000,000

Maximum [Member] | Senior Subordinated Notes [Member] | CEOC [Member]

Loss Contingencies [Line Items]

Amount of claims filed

$ 7,900,000,000

Maximum [Member] | Report of Bankruptcy Examiner [Member]

Loss Contingencies [Line Items]

Range of possible loss

5,100,000,000

Maximum [Member] | Report of Bankruptcy Examiner [Member] | CAC, CGP LLC and CIE [Member]

Loss Contingencies [Line Items]

Range of possible loss

$ 2,300,000,000

Stock-based Compensation - Addi

Stock-based Compensation - Additional Information (Details) - USD ($) shares in Thousands, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
PIP Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares issued in period (shares)			419
PIP Plan [Member] | Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost	$ 5.7		$ 5.7
Unrecognized compensation cost, weighted-average remaining term			2 years
PIP Plan [Member] | Restricted Stock Units (RSUs) [Member] | Operating Expense [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	0.8	$ 0.8	$ 2.3	$ 4.1
PIP Plan [Member] | Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost	0.1		$ 0.1
Unrecognized compensation cost, weighted-average remaining term			1 year 7 months
PIP Plan [Member] | Employee Stock Option [Member] | Operating Expense [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	$ 0.4	$ 0.4	$ 1.1	$ 3.1
Caesars Growth Partners, LLC [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity method investment, ownership percentage	38.90%		38.90%

Stock-based Compensation - Rest

Stock-based Compensation - Restricted Stock Units Award Activity (Details) - PIP Plan [Member] - Restricted Stock Units (RSUs) [Member]	9 Months Ended
	Sep. 30, 2016$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Beginning balance (shares) | shares	525,997
Granted (shares) | shares	361,349
Vested (shares) | shares	(91,044)
Ending balance (shares) | shares	796,302
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Beginning balance (usd per share) | $ / shares	$ 12.19
Granted (usd per share) | $ / shares	10.52
Vested (usd per share) | $ / shares	10.78
Ending balance (usd per share) | $ / shares	$ 11.60

Stock-based Compensation - Stoc

Stock-based Compensation - Stock Options Activity (Details) - PIP Plan [Member] - Employee Stock Option [Member] - USD ($) $ / shares in Units, $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Number of Shares [Roll Forward]
Beginning balance, Options (shares)	1,420,000
Exercised (shares)	(337,500)
Ending balance, Options (shares)	1,082,500	1,420,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]
Beginning balance, Weighted Average Exercise Price (usd per share)	$ 9.51
Exercised, Weighted Average Exercise Price (usd per share)	9.84
Ending balance, Weighted Average Exercise Price (usd per share)	9.41	$ 9.51
Share-based Compensation Arrangement by Share-based Payment Award, Options, Weighted Average Exercise Price [Roll Forward]
Beginning balance, Fair Value (usd per share)	4.99
Exercised, Fair Value (usd per share)	6.10
Ending balance, Fair Value (usd per share)	$ 4.64	$ 4.99
Share-based Compensation Arrangement by Share-based Payment Award, Options, Weighted Average Remaining Contractual Term [Roll Forward]
Weighted Average Remaining Contractual Term	8 years 1 month	8 years 11 months
Share-based Compensation Arrangement by Share-based Payment Award, Options, Aggregate Intrinsic Value [Roll Forward]
Beginning balance, Aggregate Intrinsic Value	$ 0
Exercised, Intrinsic Value	0.9
Ending balance, Aggregate Intrinsic Value	$ 3.3	$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest [Abstract]
Vested and expected to vest, Options (shares)	1,082,500
Vested and expected to vest, Weighted Average Exercise Price (usd per share)	$ 9.41
Vested and expected to vest, Weighted Average Grant Date Fair Value (usd per share)	$ 4.64
Vested and expected to vest, Weighted Average Remaining Contractual Term	8 years 1 month
Vested and expected to vest, Aggregate Intrinsic Value	$ 3.3
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]
Exercisable, Options (shares)	5,000
Exercisable, Weighted Average Exercise Price (usd per share)	$ 7.73
Exercisable, Fair Value (usd per share)	$ 3.10
Exercisable, Weighted Average Remaining Contractual Term	8 years 7 months 6 days
Exercisable, Aggregate Intrinsic Value	$ 0

Stock-based Compensation - Valu

Stock-based Compensation - Valuation Assumptions for Stock Options (Details) - PIP Plan [Member] - Employee Stock Option [Member]	9 Months Ended
	Sep. 30, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility, minimum	39.90%
Expected volatility, maximum	45.70%
Weighted-average volatility	45.50%
Expected dividend yield	0.00%
Risk free interest rate, minimum	1.80%
Risk free interest rate, maximum	2.30%
Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term (in years)	5 years 9 months 18 days
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term (in years)	9 years 4 months 24 days

Supplemental Cash Flow Inform34

Supplemental Cash Flow Information (Details) - USD ($)	Sep. 30, 2016	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income from equity method investment in Caesars Growth Partners, LLC		$ 672,500,000	$ 24,400,000	$ 721,300,000	$ 73,000,000
Fees and expenses paid				17,900,000	16,700,000
Interest expense				0	0
Cash paid for interest				0	0
Caesars Growth Partners, LLC [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Interest expense				149,100,000	$ 145,300,000
Caesars Growth Partners, LLC [Member] | SMG Business [Member] | Disposed of by Sale [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Tax provision	$ 277,600,000			$ 277,600,000

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Apr. 09, 2014
Caesars Growth Partners, LLC [Member]
Related Party Transaction [Line Items]
Management fees to related parties			$ 33,300,000	$ 45,100,000
Equity Plan [Member] | Caesars Growth Partners, LLC [Member]
Related Party Transaction [Line Items]
Value of shares authorized					$ 25,000,000
Management fees to related parties	$ 300,000	$ 2,000,000	1,700,000	11,100,000
PIP Plan [Member] | Consultant [Member]
Related Party Transaction [Line Items]
Stock-based compensation expense	0	$ 400,000	0	$ 4,400,000
Notes Receivable at 6.50% [Member] | Caesars Growth Partners, LLC [Member]
Related Party Transaction [Line Items]
Investment in notes from related party			$ 137,500,000
Notes receivable, stated interest rate			6.50%
Notes Receivable at 5.75% [Member] | Caesars Growth Partners, LLC [Member]
Related Party Transaction [Line Items]
Investment in notes from related party			$ 151,400,000
Notes receivable, stated interest rate			5.75%
Restricted Stock Units (RSUs) [Member] | PIP Plan [Member] | Consultant [Member]
Related Party Transaction [Line Items]
Stock-based compensation expense	$ 300,000		$ 300,000

Subsequent Events (Details)

Subsequent Events (Details) - shares	1 Months Ended	9 Months Ended
	Oct. 31, 2016	Sep. 30, 2016	Apr. 30, 2016	Mar. 31, 2016
Caesars Growth Partners, LLC [Member]
Subsequent Event [Line Items]
Equity method investment, ownership percentage		38.90%	38.80%	42.60%
Caesars Growth Partners, LLC [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Equity method investment, ownership percentage	39.00%
PIP Plan [Member]
Subsequent Event [Line Items]
Shares issued in period (shares)		419,000
Restricted Stock Units (RSUs) [Member] | PIP Plan [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Shares issued in period (shares)	464,737