View Filing Data

115

116

457

494

Prepayments and other current assets ($6 and $2 attributable to our VIEs)

155

239

Inventories

Total current assets

2,265

3,457

Property and equipment, net ($137 and $57 attributable to our VIEs)

^[1]

16,045

16,154

^[2]

Intangible assets other than goodwill

^[3]

4,044

3,815

2,977

1,609

Deferred Costs and Other Assets

383

364

Total assets

25,775

25,436

Current liabilities

Accounts payable ($41 and $3 attributable to our VIEs)

399

318

Accrued expenses and other current liabilities ($1 and $0 attributable to our VIEs)

^[4]

1,217

1,326

Interest payable

Current portion of financing obligations

^[4]

144

129

Current portion of long-term debt

164

Total current liabilities

2,000

1,884

^[1]

10,057

9,355

Long-term debt

8,801

8,849

730

577

Commitments and contingencies (See Note 11)

849

1,474

Total liabilities

22,437

22,139

Stockholders’ equity

Common stock: voting, $0.01 par value, 670 and 696 shares issued, respectively

Treasury stock: 46 and 12 shares, respectively

(485)

(152)

Additional paid-in capital

14,124

14,040

Accumulated deficit

(10,372)

(10,675)

Accumulated other comprehensive income/(loss)

(24)

Noncontrolling interests

Total stockholders’ equity

3,338

3,297

Total liabilities and stockholders’ equity

$ 25,775

$ 25,436

[1]	The conditions that were considered prohibited forms of continuing involvement related to our sale of the Golf Course Properties (see Note 11) are no longer considered continuing involvement under the new revenue recognition standard. As a result of adopting the new standard on a full retrospective basis, we are now reflecting this transaction as a completed sale in the period in which it occurred.
[2]	(1) We reclassified $73 million in land improvements to Buildings, riverboats and leasehold and land improvements to align with our 2018 reporting presentation.
[3]	(2) $405 million of goodwill is associated with a reporting unit with zero or negative carrying value. As the reporting unit has a positive fair value, there was no impairment associated with this reporting unit.
[4]	Adjustments are primarily related to the reclassification of assets and liabilities in accordance with the new accounting and disclosure requirements.

CONSOLIDATED CONDENSED BALANCE SHEETS (Parenthetical) - USD ($)
shares in Millions, $ in Millions

Dec. 31, 2018

Dec. 31, 2017

Dec. 31, 2016

Common Stock, Shares, Outstanding

670

696

Treasury Stock

Common stock, par value

$ 0.01

$ 1,491

$ 2,558

457

494

$ 167

155

239

^[1]

16,045

16,154

^[2]

399

318

Variable Interest Entity, Primary Beneficiary [Member]

1,217

1,326

$ 14

Deferred charges and other

137

Deferred credits and other

$ 5

$ 0

[1]

The conditions that were considered prohibited forms of continuing involvement related to our sale of the Golf Course Properties (see Note 11) are no longer considered continuing involvement under the new revenue recognition standard. As a result of adopting the new standard on a full retrospective basis, we are now reflecting this transaction as a completed sale in the period in which it occurred.

[2]

(1) We reclassified $73 million in land improvements to Buildings, riverboats and leasehold and land improvements to align with our 2018 reporting presentation.

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions

3 Months Ended

12 Months Ended

Dec. 31, 2018

Sep. 30, 2018

Jun. 30, 2018

Mar. 31, 2018

Dec. 31, 2017

Sep. 30, 2017

Jun. 30, 2017

Mar. 31, 2017

Dec. 31, 2018

Dec. 31, 2017

Dec. 31, 2016

Revenue from Contract with Customer, Including Assessed Tax

$ 2,115

$ 2,185

$ 2,119

$ 1,972

$ 1,901

$ 993

$ 1,008

$ 966

$ 8,391

$ 4,868

$ 3,877

Property, general, administrative, and other

1,761

1,124

1,147

Reimbursable management costs

202

1,145

626

439

332

202

194

155

^[1]

^[2]

7,652

4,331

3,651

100

232

282

125

154

149

150

739

537

226

(1,346)

(773)

(599)

2,028

5,729

(1)

(232)

Income/(loss) from continuing operations before income taxes

791

^[1]

(29)

183

(2,370)

(6,131)

Income/(loss) from continuing operations, net of income taxes

^[3],[4]

121

1,995

(327)

304

(375)

(6,458)

Discontinued operations, net of income taxes

3,380

Net (income)/loss attributable to noncontrolling interests

198

111

(34)

2,004

(439)

(1,432)

(508)

304

(375)

(3,078)

(1)

Earnings/(loss) per share - basic and diluted

$ 198

$ 110

$ 29

$ (34)

$ 2,004

$ (433)

$ (1,432)

$ (507)

$ 303

$ (368)

$ (3,049)

Basic earnings/(loss) per share from continuing operations

$ 0.44

$ (1.32)

$ (43.96)

Basic earnings per share from discontinued operations

23.11

Basic earnings/(loss) per share

$ 0.29

$ 0.16

$ 0.04

$ (0.05)

$ 3.01

$ (2.90)

$ (9.62)

$ (3.44)

0.44

(1.32)

(20.85)

Diluted earnings/(loss) per share from continuing operations

0.41

(1.32)

(43.96)

Diluted earnings per share from discontinued operations

23.11

Diluted earnings/(loss) per share

$ 0.25

$ 0.14

$ 0.04

$ (0.05)

$ 2.48

$ (2.90)

$ (9.62)

$ (3.44)

$ 0.41

$ (1.32)

$ (20.85)

Weighted-average common shares outstanding - basic

686

279

146

Weighted-average common shares outstanding - diluted

841

279

146

Revenue from Contract with Customer, Including Assessed Tax

$ 4,247

$ 2,168

$ 1,608

2,393

1,213

890

Revenue from Contract with Customer, Including Assessed Tax

1,574

982

822

1,106

693

572

Revenue from Contract with Customer, Including Assessed Tax

1,519

1,074

950

480

360

318

Revenue from Contract with Customer, Including Assessed Tax

789

584

497

Revenue from Contract with Customer, Including Assessed Tax

Revenue from Contract with Customer, Including Assessed Tax

$ 202

$ 48

$ 0

[1]	(2) Amounts include changes in fair value of the derivative liability related to the conversion option of the CEC Convertible Notes and the disputed claims liability as well as interest and dividend income.
[2]	(3) Amounts primarily represent costs incurred in connection with development activities and reorganization activities, and/or recoveries associated with such items, including acquisition and integration costs, contract exit fees including exiting the fully bundled sales system of NV Energy for electric service at our Nevada properties, lease termination costs, gains and losses on asset sales, weather related property closure costs, demolition costs primarily at our Las Vegas properties for renovations, and project opening costs.
[3]	(1) Taxes are recorded at the consolidated level and not estimated or recorded to our Las Vegas and Other U.S. segments.
[4]	(1) Taxes are recorded at the consolidated level and not estimated or recorded to our Las Vegas and Other U.S. segments.

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Net income/(loss)	$ 304	$ (375)	$ (3,078)
Foreign currency translation adjustments	(22)	9	0
Change in fair market value of interest rate swaps, net of tax	(13)	0	0
Other	1	(3)	(2)
Other Comprehensive Income (Loss), Net of Tax	(34)	6	(2)
Comprehensive income/(loss)	270	(369)	(3,080)
Net income/(loss) attributable to noncontrolling interests	1	(7)	(29)
Foreign currency translation adjustments	4	0	0
Comprehensive loss attributable to non-controlling interests	(3)	(7)	(29)
Comprehensive income/(loss) attributable to Caesars	$ 273	$ (362)	$ (3,051)

CONSOLIDATED STATEMENTS OF STOCKHOLDERS EQUITY/(DEFICIT) - USD ($)
$ in Millions

Total

Common Stock

Treasury Stock

Additional Paid-in-Capital

Accumulated Deficit

Accumulated Other Comprehensive Income/(Loss)

Total Caesars Stockholders' Equity

Noncontrolling Interest

Other Restructuring [Member]

Common Stock

Other Restructuring [Member]

Treasury Stock

Other Restructuring [Member]

Additional Paid-in-Capital

Other Restructuring [Member]

Accumulated Deficit

Other Restructuring [Member]

Accumulated Other Comprehensive Income/(Loss)

Other Restructuring [Member]

Total Caesars Stockholders' Equity

Other Restructuring [Member]

Noncontrolling Interest

Parent Company [Member]

Accumulated Other Comprehensive Income/(Loss)

Beginning balance at Dec. 31, 2015

$ 2,042

$ 1

$ (22)

$ 9,239

$ (7,257)

$ 1

$ 1,962

$ 80

Beginning balance (Adjustments for New Accounting Pronouncement [Member]) at Dec. 31, 2015

Increase (Decrease) in Stockholders' Equity [Roll Forward]

(3,049)

Net (income)/loss attributable to noncontrolling interests

(29)

$ (30)

(3,078)

Stock-based compensation | Adjustments for New Accounting Pronouncement [Member]

^[1]

(1)

CIE stock transactions, net

(629)

(626)

(3)

Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders

(2)

$ (2)

Ending balance at Dec. 31, 2016

(7)

(1,607)

(29)

8,676

(10,307)

(1)

(1,660)

Ending balance (Adjustments for New Accounting Pronouncement [Member]) at Dec. 31, 2016

Increase (Decrease) in Stockholders' Equity [Roll Forward]

(368)

Net (income)/loss attributable to noncontrolling interests

^[2]

(7)

(375)

(9)

Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders

Bankruptcy emergence and acquisition of OpCo (2)

^[3]

$ 5,176

$ 4

$ (114)

$ 5,321

$ 0

$ 5,211

$ (35)

CAC Merger (2)

^[3]

(2)

Consolidation of Korea Joint Venture (3)

^[4]

Ending balance at Dec. 31, 2017

(8)

3,297

(152)

14,040

(10,675)

3,226

Ending balance (Adjustments for New Accounting Pronouncement [Member]) at Dec. 31, 2017

Increase (Decrease) in Stockholders' Equity [Roll Forward]

303

Net (income)/loss attributable to noncontrolling interests

791

^[2]

$ 726

(1)

304

Repurchase of common stock

(22)

(311)

Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders

(34)

(30)

(4)

$ (30)

Ending balance at Dec. 31, 2018

$ 3,338

$ 7

$ (485)

$ 14,124

$ (10,372)

$ (24)

$ 3,250

$ 88

[1]	(1) Adoption of Accounting Standards Update No. 2016-09, Compensation-Stock Compensation.
[2]	(2) Amounts include changes in fair value of the derivative liability related to the conversion option of the CEC Convertible Notes and the disputed claims liability as well as interest and dividend income.
[3]	(2) See Note 1.
[4]	(3) See Note 2.

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Cash flows from operating activities
Net income/(loss)	$ 304	$ (375)	$ (3,078)
Adjustments to reconcile net income/(loss) to cash flows from operating activities:
Income from discontinued operations	0	0	(3,380)
Non-cash change in restructuring accrual	0	2,065	3,667
Interest accrued on financing obligations	142	27	0
Deferred income taxes	(145)	(1,858)	(90)
Gain on deconsolidation of subsidiaries	0	(31)	0
Depreciation and amortization	1,145	626	439
Loss on extinguishment of debt	1	232	0
Change in fair value of derivative liability	(697)	(64)	0
Stock-based compensation expense	79	43	232
Amortization of deferred finance costs and debt discount/premium	15	26	24
Provision for doubtful accounts	21	8	11
Goodwill, Impairment Loss	43	0	0
Other Asset Impairment Charges	35	0	0
Other non-cash adjustments to net income/(loss)	(28)	32	23
Net changes in:
Accounts receivable	14	(75)	(28)
Due from affiliates, net	5	(55)	19
Inventories, prepayments and other current assets	76	64	9
Deferred charges and other	(69)	(26)	0
Accounts payable	(78)	(4)	39
Interest payable	19	(35)	(64)
Accrued expenses	(101)	15	87
Contract liabilities	18	3	(1)
Restructuring accruals	0	(2,880)	2,029
Deferred credits and other	(6)	(63)	104
Other	(7)	2	0
Cash flows provided by/(used in) operating activities	786	(2,323)	42
Cash flows from investing activities
Acquisition of businesses, net of cash and restricted cash acquired	(1,578)	561	0
Acquisition of property and equipment, net of change in related payables	(565)	(598)	(220)
Deconsolidation of subsidiary cash	0	(57)	0
Consolidation of Korea Joint Venture	0	19	0
Payments to acquire certain gaming rights	(20)	0	0
Payments to acquire investments	(22)	(12)	(23)
Proceeds from the sale and maturity of investments	43	33	46
Return of investment from discontinued operations	0	0	132
Contributions to discontinued operations	0	0	(56)
Other	7	(1)	0
Cash flows used in investing activities	(2,135)	(55)	(121)
Cash flows from financing activities
Proceeds from long-term debt and revolving credit facilities	1,167	7,550	120
Debt issuance and extension costs and fees	(5)	(288)	0
Repayments of long-term debt and revolving credit facilities	(1,130)	(7,846)	(268)
Proceeds from sale-leaseback financing arrangement	745	1,136	0
Proceeds from the issuance of common stock	6	11	6
Repurchase of common stock	(311)	0	0
Repurchase of CIE shares and distribution of sale proceeds	0	(63)	(1,126)
Taxes paid related to net share settlement of equity awards	(22)	(11)	(7)
Financing obligation payments	(173)	(54)	0
Contributions from noncontrolling interest owners	20	0	15
Distributions to noncontrolling interest owners	0	(6)	0
Cash flows used in financing activities	297	429	(1,260)
Cash flows from discontinued operations
Cash flows from operating activities	0	0	168
Cash flows from investing activities	0	0	4,379
Cash flows from financing activities	0	0	(76)
Net cash from discontinued operations	0	0	4,471
Change in cash, cash equivalents, and restricted cash classified as assets held for sale	0	0	112
Net increase/(decrease) in cash, cash equivalents, and restricted cash	(1,052)	(1,949)	3,244
Cash, cash equivalents, and restricted cash, beginning of period	2,709	4,658	1,414
Cash, cash equivalents, and restricted cash, end of period	1,657	2,709	4,658
Supplemental Cash Flow Information
Cash paid for interest	1,169	749	634
Cash paid for income taxes	8	7	305
Issuance of convertible notes and call right	0	2,349	0
Issuance of CEC common stock	0	3,435	0
Change in accrued capital expenditures	149	(6)	14
Deferred consideration for acquisition of Centaur	$ 66	$ 0	$ 0

Description of Business (Notes)

12 Months Ended

Dec. 31, 2018

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Description of Business

Organization

CEC is primarily a holding company with no independent operations of its own. Caesars Entertainment operates the business primarily through its wholly owned subsidiaries CEOC, LLC (“CEOC LLC”) and Caesars Resort Collection, LLC (“CRC”). Caesars Entertainment has a total of 53 properties in 14 U.S. states and five countries outside of the U.S., including 50 casino properties. Nine casinos are in Las Vegas, which represented 45% of net revenues for the year ended December 31, 2018.

We lease certain real property assets from VICI Properties Inc. and/or its subsidiaries (collectively, “VICI”).

New Transactions with VICI

Harrah’s Philadelphia Real Estate Sale and Leaseback

On December 26, 2018, we sold all land and real property improvements used in the operation of Harrah’s Philadelphia Casino and Racetrack (“Harrah’s Philadelphia”) as part of a sale and leaseback transaction with VICI for $242 million. We continue to operate Harrah’s Philadelphia under the terms of a long-term lease agreement relating to certain of our other domestic properties. We determined that this transaction did not qualify for sale-leaseback accounting. The Harrah’s Philadelphia real estate assets remain on our Balance Sheet at their historical net book value and are depreciated over their remaining useful lives, while a financing obligation was recognized for the proceeds received. See Note 10 for additional information.

Modifications to Lease Agreements with VICI

In connection with the Octavius Tower sale discussed below and the Harrah’s Philadelphia transaction discussed above, on December 26, 2018, the Company and VICI consummated modifications to certain of our existing lease agreements for consideration of $159 million to VICI, which reduced our financing obligation. The modifications, among other things, bring certain of the lease terms into alignment with other master leases in the sector and the long-term performance of the properties and create additional flexibility to facilitate our future development strategies. See Note 10 for additional information.

Sale of Octavius Tower at Caesars Palace

On July 11, 2018, we sold Octavius Tower at Caesars Palace (“Octavius Tower”) to VICI for $508 million in cash. Proceeds from the transaction were used to partially fund the closing of CEC’s acquisition of Centaur Holdings, LLC (“Centaur”). We continue to operate the Octavius Tower under the current terms of the long-term lease agreement with VICI relating to Caesars Palace. We determined that this transaction did not qualify for sale-leaseback accounting. The Octavius Tower real estate assets remain on our Balance Sheet at their historical net book value and are depreciated over their remaining useful lives, while a financing obligation was recognized for the proceeds received. See Note 10 for additional information.

Acquisition of Centaur Holdings, LLC

On July 16, 2018, we completed the acquisition of Centaur. Centaur operated Hoosier Park Racing & Casino in Anderson, Indiana, and Indiana Grand Racing & Casino in Shelbyville, Indiana. See Note 4 for additional information.

CEOC’s Emergence from Bankruptcy and CEC’s Merger with Caesars Acquisition Company

Caesars Entertainment Operating Company, Inc. (“CEOC”) and certain of its U.S. subsidiaries (collectively, the “Debtors”) voluntarily filed for reorganization on January 15, 2015 (the “Petition Date”), at which time CEC deconsolidated CEOC. The Debtors emerged from bankruptcy and consummated their reorganization pursuant to their third amended joint plan of

reorganization (the “Plan”) on October 6, 2017 (the “Effective Date”). As part of its emergence from bankruptcy, CEOC reorganized into an operating company (“OpCo”) separate from its real property assets (“PropCo”). OpCo was acquired by CEC on the Effective Date and immediately merged with and into CEOC LLC. See Note 4 for additional information. CEOC LLC operates the properties and facilities formerly held by CEOC and leases the properties and facilities from VICI.

On the Effective Date, Caesars Acquisition Company (“CAC”) merged with and into CEC, with CEC as the surviving company (the “CAC Merger”). See Note 4 for additional information. The CAC Merger was accounted for as a reorganization of entities under common control, which resulted in CAC being consolidated into Caesars at book value as an equity transaction for all periods presented.

Summary of CAC Merger and CEOC Emergence Transactions

(In millions)	CAC Merger		Restructuring Support Settlement		OpCo Acquisition		Total
Cash	$	—	$	2,787	$	700	$	3,487
CEC common stock (value)	2,894		3,435		1,774		8,103
CEC convertible notes (fair value)	—		2,172		—		2,172
Other consideration	—		177		—		177
Total consideration	$	2,894	$	8,571	$	2,474	$	13,939

CEC common stock (shares)	226		268		139		633

Restructuring and Support Expenses

Prior to the Effective Date, CEC made material financial commitments to support the reorganization of CEOC as described in the Plan. Our estimate of restructuring and support expenses was determined based on the total value of the consideration that was required by CEC to resolve claims and potential claims related to the reorganization.

Restructuring and support expenses for the years ended December 31, 2017 and 2016 were $2.0 billion and $5.7 billion, respectively, recorded in the Statements of Operations. These were primarily composed of accruals for (i) forbearance fees and other payments to CEOC’s creditors that were settled in cash, (ii) a bank guaranty settlement related to the modification of CEC’s guarantee under CEOC’s senior secured credit facilities that was settled in cash, (iii) payments of CEOC’s creditors’ expenses, settlement charges, and other fees that were settled in cash, (iv) the issuance of CEC common stock, (v) the issuance of the $1.1 billion aggregate principal amount of 5.00% convertible senior notes maturing in 2024 (the “CEC Convertible Notes”) (see Note 8 and Note 12), and (vi) the call right to purchase and leaseback the real property assets associated with Harrah’s Atlantic City, Harrah’s Laughlin, and Harrah’s New Orleans (the “VICI Call Right”) as other consideration (see Note 9). The total value of the consideration that was provided by CEC as of the Effective Date was $8.6 billion. See Restructuring Support Settlement in the table above.

Basis of Presentation & Consolidation (Notes)	12 Months Ended
Basis of Presentation & Consolidation (Notes)	Dec. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation and Principles of Consolidation	Basis of Presentation and Principles of Consolidation Basis of Presentation and Use of Estimates Our consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States (“GAAP”), which require the use of estimates and assumptions that affect the reported amounts of assets, liabilities, revenues, and expenses and the disclosure of contingent assets and liabilities. Management believes the accounting estimates are appropriate and reasonably determined. Actual amounts could differ from those estimates. Certain prior year amounts have been reclassified to conform to the current year’s presentation. For the year ended December 31, 2017, $12 million was reclassified from Other revenue to Management fees on our Statement of Operations. Adoption of New Revenue Recognition Standard On January 1, 2018, we adopted the new accounting standard Accounting Standards Update (“ASU”) 2014-09, Revenue from Contracts with Customers, and all related amendments. See Note 15 for additional information and details on the effects of adopting the new standard. Reportable Segments We view each property as an operating segment and aggregate all such properties into three regionally-focused reportable segments: (i) Las Vegas, (ii) Other U.S., and (iii) All Other, which is consistent with how we manage the business. See Note 21. Consolidation of Subsidiaries and Variable Interest Entities Our consolidated financial statements include the accounts of Caesars Entertainment and its subsidiaries after elimination of all intercompany accounts and transactions. We consolidate all subsidiaries in which we have a controlling financial interest and variable interest entities (“VIEs”) for which we or one of our consolidated subsidiaries is the primary beneficiary. Control generally equates to ownership percentage, whereby (i) affiliates that are more than 50% owned are consolidated; (ii) investments in affiliates of 50% or less but greater than 20% are generally accounted for using the equity method where we have determined that we have significant influence over the entities; and (iii) investments in affiliates of 20% or less are generally accounted for using the cost method. We consolidate a VIE when we have both the power to direct the activities that most significantly impact the results of the VIE and the right to receive benefits or the obligation to absorb losses of the entity that could be potentially significant to the VIE. Along with the VIEs that are consolidated in accordance with the above guidelines, we also hold variable interests in other VIEs that are not consolidated because we are not the primary beneficiary. We continually monitor both consolidated and unconsolidated VIEs to determine if any events have occurred that could cause the primary beneficiary to change. A change in determination could have a material impact on our financial statements. Consolidation of Korea JV During 2017, CEC formed a joint venture referred to herein as the Korea JV. The purpose of the Korea JV is to acquire, develop, own, and operate a casino resort project in Incheon, South Korea. We determined that the Korea JV is a VIE and CEC is the primary beneficiary and, therefore, CEC consolidates the Korea JV into its financial statements. Horseshoe Baltimore Casino Through August 31, 2017, we consolidated Horseshoe Baltimore Casino (“Horseshoe Baltimore”) as a VIE for which we were the primary beneficiary. Due to the expiration of certain transfer restrictions, we were no longer considered the primary beneficiary and deconsolidated Horseshoe Baltimore. Horseshoe Baltimore generated year-to-date net revenues of $190 million and net loss attributable to Caesars of $7 million until its deconsolidation effective August 31, 2017. Upon deconsolidation, we derecognized total assets and liabilities of $350 million and $356 million, respectively, including long-term debt totaling $294 million. We recorded our interest in Horseshoe Baltimore at its estimated fair value of $28 million, recognizing a gain on deconsolidation of $31 million, and are accounting for Horseshoe Baltimore as an equity method investment subsequent to the deconsolidation. We estimated the fair value of the interest in Horseshoe Baltimore by weighting the results of the discounted cash flow method and the guideline public company method. Horseshoe Baltimore will continue to be a managed property of CEOC LLC subsequent to its deconsolidation, and transactions with Horseshoe Baltimore are not eliminated under the equity method of accounting. These related party transactions include but are not limited to items such as casino management fees paid to CEOC LLC, reimbursed management costs, and the allocation of other expenses. See Note 20.

Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2018

Summary of Significant Accounting Policies

Additional significant accounting policy disclosures are provided within the applicable notes to the Financial Statements.

Cash, Cash Equivalents, and Restricted Cash

Cash equivalents are highly liquid investments with original maturities of three months or less from the date of purchase and are stated at the lower of cost or market value. Our cash and cash equivalents as of December 31, 2018 and 2017 includes $14 million and $58 million, respectively, held by our consolidated VIEs, which is not available for our use to fund operations or satisfy our obligations.

Restricted cash includes cash pledged as collateral for certain operating and capital expenditures in the normal course of bu

siness and certain other cash deposits that are for a specific purpose including $49 million as of December 31, 2018 that is held in the escrow trust for distribution to holders of disputed claims whose claims may ultimately become allowed (see Note 11). The classification of restricted cash between current and non-current is dependent upon the intended use of each particular reserve.

Reconciliation to Statements of Cash Flows

	As of December 31,
(In millions)	2018		2017
Cash and cash equivalents	$	1,491	$	2,558
Restricted cash, current	115		116
Restricted cash, non-current	51		35
Total cash, cash equivalents, and restricted cash	$	1,657	$	2,709

Advertising

The Company expenses the production costs of advertising the first time the advertising takes place. Advertising expense was $76 million, $61 million, and $55 million, respectively, for the years ended December 31, 2018, 2017 and 2016. Advertising expense is included in Property, general, administrative, and other within the Statements of Operations.

Other Operating Costs

Other operating costs primarily includes write-downs, reserves, and project opening costs, net of recoveries and acquisition and integration costs. During 2017, CEC was reimbursed $19 million for amounts related to the joint venture development in Korea that were previously deemed uncollectible and written off in 2015.

Recently Issued Accounting Pronouncements	12 Months Ended
Recently Issued Accounting Pronouncements	Dec. 31, 2018
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Recently Issued Accounting Pronouncements	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;color:#bf2115;font-weight:bold;"></font><font style="font-family:inherit;font-size:12pt;color:#bf2115;font-weight:bold;">Recently Issued Accounting Pronouncements</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The FASB issued the following authoritative guidance amending the FASB ASC.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In </font><font style="font-family:inherit;font-size:10pt;">2018</font><font style="font-family:inherit;font-size:10pt;">, we adopted the following ASUs:</font></div><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font>ASU 2014-09, </font><font style="font-style:italic;">Revenue from Contracts with Customers</font><font> </font><font style="font-family:inherit;font-size:10pt;">(see </font><font style="font-family:inherit;font-size:10pt;">Note 15</font><font style="font-family:inherit;font-size:10pt;">).</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font>ASU 2016-16, </font><font style="font-style:italic;">Income Taxes</font><font style="font-family:inherit;font-size:10pt;"> (see </font><font style="font-family:inherit;font-size:10pt;">Note 18</font><font style="font-family:inherit;font-size:10pt;">).</font></div></td></tr></table><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In </font><font style="font-family:inherit;font-size:10pt;">2018</font><font style="font-family:inherit;font-size:10pt;">, the following ASUs became effective, but there was no quantitative or qualitative effect on our financial statements:</font></div><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font>ASU 2018-09, </font><font style="font-style:italic;">Codification Improvements.</font><font style="font-family:inherit;font-size:10pt;"> </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font>ASU 2018-05, </font><font style="font-style:italic;">Income Taxes (Topic 740): Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 118</font><font>.</font><font style="font-family:inherit;font-size:10pt;"> </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font>ASU 2018-04, </font><font style="font-style:italic;">Investments — Debt Securities (Topic 320) and Regulated Operations (Topic 980): Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 117 and SEC Release No. 33-9273.</font><font style="font-family:inherit;font-size:10pt;"> </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font>ASU 2017-09, </font><font style="font-style:italic;">Compensation - Stock Compensation</font><font>.</font><font style="font-family:inherit;font-size:10pt;"> </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font>ASU 2017-01, </font><font style="font-style:italic;">Business Combinations</font><font>.</font><font style="font-family:inherit;font-size:10pt;"> </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font>ASU 2016-18, </font><font style="font-style:italic;">Statement of Cash Flows</font><font>.</font><font style="font-family:inherit;font-size:10pt;"> </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font>ASU 2016-01, </font><font style="font-style:italic;">Financial Instruments - Overall</font><font>.</font><font style="font-family:inherit;font-size:10pt;"> </font></div></td></tr></table><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following ASUs were not yet effective as of </font><font style="font-family:inherit;font-size:10pt;">December 31, 2018</font><font style="font-family:inherit;font-size:10pt;">:</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">New Developments</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;text-decoration:underline;">Collaborative Arrangements - November 2018</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">:</font><font style="font-family:inherit;font-size:10pt;"> Amended guidance makes targeted improvements to GAAP for collaborative arrangements including: (i) clarifying that certain transactions between collaborative arrangement participants should be accounted for as revenue under ASC 606 when the collaborative arrangement participant is a customer in the context of a unit of account, (ii) adding unit-of-account guidance in ASC 808 to align with the guidance in ASC 606 (that is, a distinct good or service) when an entity is assessing whether the collaborative arrangement or a part of the arrangement is within the scope of ASC 606, and (iii) requiring that in a transaction with a collaborative arrangement participant that is not directly related to sales to third parties, presenting the transaction together with revenue recognized under ASC 606 is precluded if the collaborative arrangement participant is not a customer. The amendments in this update are effective for public entities for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. Early adoption is permitted. The amendments should be applied retrospectively to the date of initial application of ASC 606. An entity may elect to apply the amendments in this ASU retrospectively either to all contracts or only to contracts that are not completed at the date of initial application of ASC 606. An entity should disclose its election. An entity may elect to apply the practical expedient for contract modifications that is permitted for entities using the modified retrospective transition method in ASC 606. We are currently assessing the effect the adoption of this standard will have on our financial statements.</font><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Previously Disclosed</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;text-decoration:underline;">Intangibles - Goodwill and Other - Internal-Use Software - August 2018</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">:</font><font style="font-family:inherit;font-size:10pt;"> Amended guidance aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. The accounting for the service element of a hosting arrangement that is a service contract is not affected. The amendments in this update are effective for public entities for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. Early adoption is permitted. The amendments in this ASU should be applied either retrospectively or prospectively to all implementation costs incurred after the date of adoption. We are currently assessing the effect the adoption of this standard will have on our financial statements.</font><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;text-decoration:underline;">Fair Value Measurement - August 2018</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">: </font><font style="font-family:inherit;font-size:10pt;">Amended guidance modifies fair value measurement disclosure requirements including (i) removing certain disclosure requirements such as the amount of and reasons for transfers between Level 1 and Level 2 of the fair value hierarchy, (ii) modifying certain disclosure requirements, and (iii) adding certain disclosure requirements such as changes in unrealized gains and losses for the period included in other comprehensive income for recurring Level 3 fair value measurements held at the end of the reporting period. The amendments in this update are effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. Early adoption is permitted. The amendments on changes in unrealized gains and losses, the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements, and the narrative description of measurement uncertainty should be applied prospectively for only the most recent interim or annual period presented in the initial fiscal year of adoption. All other amendments should be applied retrospectively to all periods presented upon their effective date. We are currently assessing the effect the adoption of this standard will have on our financial statements.</font><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;text-decoration:underline;">Leases - February 2016 (amended through December 2018)</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">:</font><font style="font-family:inherit;font-size:10pt;"> The amended guidance is intended to increase transparency and comparability among organizations by requiring additional disclosures to reflect the significance of an entity’s leasing arrangements. The new standard establishes a right-of-use (“ROU”) model that requires a lessee to recognize an ROU asset and lease liability on the balance sheet for all leases with a term longer than 12 months. Many long-term operating leases, including agreements relating to real estate, will be recorded on the balance sheet as an ROU asset with a corresponding lease liability, which will be amortized using the effective interest rate method as payments are made. Certain leases embedded in other arrangements, such as service and supplier contracts, may be accounted for separately by allocating payments between lease and non-lease components.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The new standard provides a number of optional practical expedients in transition. We currently expect to elect the package of practical expedients, which permits us to carryforward our prior conclusions about lease identification, lease classification and initial direct costs. Additionally, we currently expect to adopt the practical expedient that allows comparative periods to be reported under current lease accounting guidance consistent with previously issued financial statements. We also do not currently expect to record leases on the balance sheet that at the commencement date have a lease term of twelve months or less. </font></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">While we continue to assess all of the effects of adoption, we currently believe the most significant effects relate to the recognition of new ROU assets and lease liabilities on our Balance Sheet for our real estate operating leases and providing significant new disclosures about our leasing activities. These operating leases will be recognized on a straight-line basis in rent expense. Additionally, we continue to evaluate the impact of the adoption on our existing failed sale-leaseback transactions. The Company expects the accounting for lease agreements where the Company is a lessor to be accounted for in the same manner as those agreements are accounted for under current accounting guidance.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">This guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. We will adopt the new standard on January 1, 2019 and have elected to apply the guidance as of the adoption date. Consequently, financial information will not be updated, and the disclosures required under the new standard will not be provided for dates and periods before January 1, 2019.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;text-decoration:underline;">Financial Instruments - Credit Losses - June 2016 (amended through November 2018)</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">:</font><font style="font-family:inherit;font-size:10pt;"> Amended guidance replaces the incurred loss impairment methodology with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. Amendments affect entities holding financial assets and net investments in leases that are not accounted for at fair value through net income. The amendments affect loans, debt securities, trade receivables, net investments in leases, off-balance-sheet credit exposures, reinsurance receivables and any other financial assets not excluded from the scope that have the contractual right to receive cash. Amendments are effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. Early adoption is permitted. An entity will apply the amendments in this ASU through a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the guidance is effective (that is, a modified-retrospective approach). A prospective transition approach is required for debt securities for which an other-than-temporary impairment had been recognized before the effective date. The effect of a prospective transition approach is to maintain the same amortized cost basis before and after the effective date of this ASU. We are currently assessing the effect the adoption of this standard will have on our financial statements.</font></div></div>

Property and Equipment (Notes)

12 Months Ended

Dec. 31, 2018

Property and Equipment

We have significant capital invested in our long-lived assets, and judgments are made in determining their estimated useful lives and salvage values and if or when an asset (or asset group) has been impaired. The accuracy of these estimates affects the amount of depreciation and amortization expense recognized in our financial results and whether we have a gain or loss on the disposal of an asset. We assign lives to our assets based on our standard policy, which is established by management as representative of the useful life of each category of asset.

We review the carrying value of our long-lived assets whenever events and circumstances indicate that the carrying value of an asset may not be recoverable from the estimated future cash flows expected to result from its use and eventual disposition. As necessary, we typically estimate the fair value of assets starting with a “Replacement Cost New” approach and then deduct appropriate amounts for both functional and economic obsolescence to arrive at the fair value estimates. Other factors considered by management in performing this assessment may include current operating results, trends, prospects, and third-party appraisals, as well as the effect of demand, competition, and other economic, legal, and regulatory factors. In estimating expected future cash flows for determining whether an asset is impaired, assets are grouped at the lowest level of identifiable cash flows, which, for most of our assets, is the individual property. These analyses are sensitive to management assumptions and the estimates of the obsolescence factors. Changes in these assumptions and estimates could have a material impact on the analyses and the consolidated financial statements.

Additions to property and equipment are stated at cost. We capitalize the costs of improvements that extend the life of the asset. We expense maintenance and repair costs as incurred. Gains or losses on the dispositions of property and equipment are recognized in the period of disposal. Interest expense is capitalized on internally constructed assets at the applicable weighted-average borrowing rates of interest. Capitalization of interest ceases when the project is substantially complete or construction activity is suspended for more than a brief period of time. Interest capitalized was $8 million, $6 million, and $2 million, respectively, for the years ended December 31, 2018, 2017, and 2016.

Useful Lives

Land improvements			12	years
Buildings	5	to	40	years
Building and leasehold improvements	3	to	30	years
Riverboats and barges			30	years
Furniture, fixtures, and equipment	2.5	to	12	years

Property and Equipment, Net

	As of December 31,
(In millions)	2018			2017 ⁽¹⁾
Land	$	4,871		$	4,857
Buildings, riverboats, and leasehold and land improvements	12,243			11,824
Furniture, fixtures, and equipment	1,563			1,277
Construction in progress	406			329
Total property and equipment	19,083			18,287
Less: accumulated depreciation	(3,038		)	(2,133		)
Total property and equipment, net	$	16,045		$	16,154

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⁽¹⁾	We reclassified $73 million in land improvements to Buildings, riverboats and leasehold and land improvements to align with our 2018 reporting presentation.

During 2018, we recorded tangible asset impairment charges of $14 million, which was related to the closure of casino operations at our property Tunica Roadhouse in January 2019.

Depreciation Expense and Other Amortization Expense

	Years Ended December 31,
(In millions)	2018		2017		2016
Depreciation expense ⁽¹⁾	$	1,074	$	555	$	369
Other amortization expense	3		4		5

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⁽¹⁾

Depreciation expense for 2018 includes accelerated depreciation of $83 million due to asset removal and replacement in connection with property renovations primarily at Flamingo Las Vegas, Harrah’s Atlantic City, Paris Las Vegas, Harrah’s Las Vegas and Bally’s Las Vegas compared with $80 million in 2017 primarily at Flamingo Las Vegas, Bally’s Las Vegas, Harrah’s Las Vegas, Harrah’s Laughlin, Planet Hollywood and Harrah’s New Orleans and $55 million in 2016 primarily at Planet Hollywood, Paris Las Vegas, Harrah’s Las Vegas and Flamingo Las Vegas.

Depreciation is calculated using the straight-line method over the shorter of the estimated useful life of the asset or the related lease.

Business Combination (Notes)

12 Months Ended

Dec. 31, 2018

Business Combination Disclosure [Text Block]

Business Combinations

Acquisition of Centaur Holdings, LLC

As described in Note 1, on July 16, 2018 (the “Centaur Closing Date”), CEC completed its acquisition of all of the voting equity interest of Centaur, for consideration of $1.7 billion. This acquisition expands our footprint to the central Indiana region and facilitates broad distribution of the Caesars Rewards customer loyalty program, formerly known as Total Rewards (see Note 7). Acquisition-related costs included in Other operating costs in the Statements of Operations were $8 million during the year ended December 31, 2018. Consideration transferred was composed of the following:



(In millions)
Cash paid	$	1,636
Deferred consideration ⁽¹⁾	66
Total purchase price	$	1,702

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⁽¹⁾	Deferred consideration is payable in an installment of $25 million on the second anniversary of the Centaur Closing Date and $50 million on the third anniversary of the Centaur Closing Date with prepayments and right of setoff permitted, subject to the terms and conditions of the Unit Purchase Agreement. $66 million represents the present value of future expected cash flows.

Additionally, CEC paid a $50 million license transfer fee on behalf of Hoosier Park Racing & Casino, which was excluded from the purchase price consideration and is an assumed liability.

Purchase Price Allocation

The following table summarizes the preliminary fair value of assets acquired and liabilities assumed as part of the Centaur acquisition. We will continue to evaluate the fair value of the assets acquired and liabilities assumed which may require the preliminary purchase price allocation to be adjusted within the allowable measurement period. The intangible assets subject to amortization will be amortized on a straight-line basis over their estimated useful lives as of the acquisition date.



(In millions)	Fair Value			Weighted-Average Useful Life (years)
Assets acquired:
Cash and cash equivalents	$	39
Receivables, net	2
Other current assets	26
Property and equipment	297
Intangible assets other than goodwill
Trade names and trademarks	14			2.5
Gaming rights ⁽¹⁾	1,390
Customer relationships	41			15.0
Total assets	1,809

Liabilities assumed:
Current liabilities	(92		)
Deferred income taxes	(290		)
Total liabilities	(382		)
Net identifiable assets acquired	1,427
Goodwill	275
Total Centaur equity value	$	1,702

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⁽¹⁾	Indefinite-lived intangible assets.

We applied the acquisition method of accounting in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 805, Business Combinations (“ASC 805”). Goodwill of $275 million was recognized as a result of the transaction and relates to (i) the values of acquired assets that do not meet the definition of an identifiable intangible asset under ASC 805, but that do contribute to the value of the acquired business, including the assembled workforce and relationships with customers that are not tracked through their customer loyalty program; (ii) the going-concern value associated with expectations of forging relationships with future customers; (iii) the assemblage value associated with acquiring an on-going business whose value is worth more than simply the sum of its parts; (iv) synergies; and (v) the future potential expansion of table games to the properties. All of the goodwill was assigned to our Other U.S. segment. None of the goodwill recognized is expected to be deductible for income tax purposes.

Unaudited Pro Forma Financial Information

The following unaudited pro forma financial information is presented to illustrate the estimated effects of the acquisition of Centaur as if it had occurred on January 1, 2017, and is not necessarily indicative of either future results of operations or results that might have been achieved had the acquisition been consummated as of this date. The pro forma results include adjustments related to purchase accounting, primarily interest expense related to the legacy debt of Centaur that was not acquired, tax adjustments and amortization of intangible assets. Net loss for the year ended December 31, 2017 below includes a discrete tax benefit of $185 million, resulting from a partial release of valuation allowance in connection with the acquisition. The net deferred tax liability resulting from the acquisition of Centaur provided a source of additional future taxable income requiring us to reassess the amount of valuation allowance previously recorded. The deferred tax liability considered the 21% corporate tax rate enacted by the Tax Act (defined in Note 18).



	(Unaudited)
	Years Ended December 31,
(In millions)	2018		2017
Net revenues	$	8,663	$	5,357
Net income/(loss) attributable to Caesars	166		(117		)

The results of operations for Centaur have been included in the Company’s Financial Statements since the acquisition date. The acquired business contributed $226 million and $49 million, respectively, to Net revenues and Income from operations to CEC for the period from July 16, 2018 to December 31, 2018.

CEC’s Acquisition of OpCo

As described in Note 1, the Debtors emerged from bankruptcy and consummated their reorganization pursuant to the Plan on the Effective Date. As part of its emergence from bankruptcy, CEOC reorganized into OpCo and PropCo, and CEC acquired OpCo on the Effective Date for the total consideration summarized below. The acquisition was accounted for in accordance with ASC 805 with CEC considered the acquirer, which requires, among other things, that the assets acquired and liabilities assumed be recognized on the balance sheet at their fair values as of the acquisition date. The excess of the purchase price over the net fair value of the assets and liabilities was recorded as goodwill. Consideration transferred was composed of the following:



(In millions)
Cash	$	700
CEC common stock ⁽¹⁾	1,774
Total cash and stock consideration	2,474
Settlement of pre-existing relationships	252
Total OpCo equity value	$	2,726

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⁽¹⁾	Approximately 139 million shares of CEC common stock issued at the Effective Date closing stock price of $12.80.

Purchase Price Allocation

The following table summarizes the assets acquired and liabilities assumed. The intangible assets subject to amortization are being amortized on a straight-line basis over their estimated useful lives as of the acquisition date.



(In millions)	Fair Value			Weighted-Average Useful Life (years)
Assets acquired:
Cash and cash equivalents	$	1,239
Receivables, net	266
Other current assets	200
Property and equipment	8,943			35.0
Intangible assets other than goodwill
Trade names and trademarks ⁽¹⁾	664
Gaming rights ⁽¹⁾	207
Caesars Rewards ⁽¹⁾	253
Customer relationships	137			14.8
Other non-current assets	180
Total assets	12,089

Liabilities assumed:
Current liabilities	(765		)
Long-term debt	(1,607		)
Financing obligations	(8,310		)
Deferred income taxes	(568		)
Deferred credits and other liabilities	(361		)
Total liabilities	(11,611		)
Noncontrolling interest	41
Net identifiable assets acquired	519
Goodwill	2,207
Total OpCo equity value	$	2,726

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⁽¹⁾	Indefinite-lived intangible assets.

As part of the Plan, certain real estate assets were sold to PropCo and leased back to OpCo. The leases were evaluated as a sale-leaseback of real estate. We determined that these transactions did not qualify for sale-leaseback accounting, and we accounted for the transaction as a financing. See Note 10. Additionally, certain golf course properties (the “Golf Course Properties”) were sold to VICI. See Note 11.

Goodwill of $2.2 billion was recognized as a result of the transaction and relates to (i) the values of acquired assets that do not meet the definition of an identifiable intangible asset under ASC 805, but that do contribute to the value of the acquired business, including the assembled workforce and relationships with customers that are not tracked through our customer loyalty program Caesars Rewards; (ii) the going-concern value associated with expectations of forging relationships with future customers; and (iii) the assemblage value associated with acquiring an on-going business whose value is worth more than simply the sum of its parts. Goodwill has been assigned to our three reportable segments. None of the goodwill recognized is expected to be deductible for income tax purposes.

The Company recognized certain deferred tax assets and liabilities resulting from (i) net operating loss (“NOL”) carryforwards available to CEC and reorganization of CEOC under the Plan and (ii) the difference between the fair value of the assets and liabilities and their respective tax bases. Due to CEC’s recent history of losses, CEC will continue to record a valuation allowance against the excess deferred tax assets that are not offset by deferred tax liabilities. Deferred tax liabilities of $568 million were recognized in the purchase price allocation of OpCo.

Included within liabilities are estimates related to obligations and future resolution of disputed claims pursuant to the Plan. These liabilities assumed were measured at their estimated fair value based on the bankruptcy proceedings and creditor’s proof of claim. Refer to Note 11 for additional information.

In connection with the reorganization of CEOC, the income approach was used to estimate the fair value of the noncontrolling interest of $13 million.

Receivables

Markers acquired as part of the acquisition of OpCo were accounted for at fair value on the Effective Date, with no acquired reserve, and will be accreted to interest income up to their expected realizable value over the life of their expected collectibility. The acquired markers are subject to adjustment if the actual cash collection differs from the expected collectibility. The fair value, which also represents the carrying amount of markers acquired as part of the acquisition of OpCo as of the Effective Date, was $139 million. As of December 31, 2018 and 2017, the carrying amount of the markers acquired was $25 million and $69 million, respectively.

Acquired Markers Accretable Yield

(In millions)	2018			2017
Balance as of January 1 and October 6, respectively	$	6		$	8
Accretion	(3		)	(2		)
Balance as of December 31	$	3		$	6

Unaudited Pro Forma Financial Information

The following unaudited pro forma financial information is presented to illustrate the estimated effects of the acquisition of OpCo as if it had occurred on January 1, 2016, and is not necessarily indicative of either future results of operations or results that might have been achieved had the acquisition been consummated as of this date. The pro forma adjustments, with related tax impacts, are comprised primarily of the following:


•	Depreciation and interest expense recognized related to the failed sale-leaseback financing obligations associated with the real estate assets and the financing obligation associated with the Golf Course Properties that were sold to VICI and leased back by CEOC LLC; and


•	Interest expense related to the issuance of the CEOC LLC Term Loan, the CEOC LLC Revolving Credit Facility, and the CEC Convertible Notes (see Note 12 for additional information).



	(Unaudited)
	Years Ended December 31,
(In millions, except per share data)	2017		2016
Net revenues	$	8,349	$	8,529
Net income/(loss) attributable to Caesars	6,401		(2,570		)

The results of operations for OpCo have been included in the Company’s Financial Statements since the acquisition date. The acquired business contributed $1 billion and $52 million, respectively, of net revenues and income from operations to CEC for the period from October 6, 2017 to December 31, 2017.

Merger with CAC

As described in Note 1, pursuant to the Merger Agreement, CAC merged with and into CEC, with CEC as the surviving company and each share of CAC common stock issued and outstanding immediately prior to the Effective Date was converted into, and became exchangeable for, 1.625 shares of CEC common stock on the Effective Date, which resulted in the issuance of 226 million shares of CEC common stock to stockholders of CAC. Hamlet Holdings LLC (see Note 20) beneficially owned a majority of both CEC’s and CAC’s common stock immediately prior to the CAC Merger. Therefore, the CAC Merger was accounted for as a reorganization of entities under common control, which resulted in CAC being consolidated into the Company at book value as an equity transaction for all periods presented after elimination of all intercompany accounts and transactions. The consolidated financial statements are not necessarily indicative of the results of operations that would have occurred if the Company had

consolidated CAC prior to the Effective Date. In addition, as a result of the CAC Merger, Caesars Growth Partners, LLC (“CGP”) is no longer a VIE and is a wholly owned subsidiary of CEC. The following table summarizes the assets acquired, liabilities assumed and CEC’s noncontrolling interest in CGP and excludes CGP’s results, which were consolidated with CEC as a VIE prior to the Effective Date.

Summary of Merger as of October 6, 2017

(In millions)	Total Value
Assets acquired	$	152
Liabilities assumed	(96		)
Acquisition of noncontrolling interest in CGP from CAC	1,751
Net book value	$	1,807

Goodwill and Other Intangible Assets (Notes)

12 Months Ended

Dec. 31, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

The purchase price of an acquisition is allocated to the underlying assets acquired and liabilities assumed based upon their estimated fair values at the date of acquisition. We determine the estimated fair values after review and consideration of relevant information including discounted cash flows, quoted market prices, and estimates made by management. To the extent the purchase price exceeds the fair value of the net identifiable tangible and intangible assets acquired and liabilities assumed, such excess is recorded as goodwill.

We perform our annual goodwill impairment assessment as of October 1. We perform this assessment more frequently if impairment indicators exist. We performed our annual goodwill impairment test by comparing the fair value of each reporting unit with its carrying amount. We determine the estimated fair value of each reporting unit based on a combination of earnings before interest, taxes, depreciation, and amortization (“EBITDA”), valuation multiples, and estimated future cash flows discounted at rates commensurate with the capital structure and cost of capital of comparable market participants, giving appropriate consideration to the prevailing borrowing rates within the casino industry in general. We also evaluate the aggregate fair value of all of our reporting units and other non-operating assets in comparison to our aggregate debt and equity market capitalization at the test date. EBITDA multiples and discounted cash flows are common measures used to value businesses in our industry.

We perform our annual impairment assessment of other non-amortizing intangible assets as of October 1. We perform this assessment more frequently if impairment indicators exist. We determine the estimated fair value of our non-amortizing intangible assets by primarily using the “Relief from Royalty Method” and “Excess Earnings Method” under the income approach.

The evaluation of goodwill and other non-amortizing intangible assets requires the use of estimates about future operating results, valuation multiples, and discount rates to determine their estimated fair value. Changes in these assumptions can materially affect these estimates. Thus, to the extent gaming volumes deteriorate in the near future, discount rates increase significantly, or we do not meet our projected performance, we could have impairments to record in the future and such impairments could be material.

Caesars Rewards

On January 30, 2019, Caesars announced the rebranding of Total Rewards, the Company’s industry-leading loyalty program, to Caesars Rewards effective February 1, 2019. The new program leverages the premium Caesars brand to better connect Caesars’ elevated standard and prestige with the Company’s global destinations.

Changes in Carrying Value of Goodwill by Segment

(In millions)	Las Vegas			Other U.S.			All Other			CEC Total
Gross Goodwill
Balance as of January 1, 2017	$	4,410		$	650		$	—		$	5,060
OpCo acquisition ⁽¹⁾	1,794			352			61			2,207
Balance as of December 31, 2017	6,204			1,002			61			7,267
Accumulated Impairment
Balance as of January 1, 2017 and December 31, 2017	(3,115		)	(337		)	—			(3,452		)
Net carrying value, as of December 31, 2017 ⁽²⁾	$	3,089		$	665		$	61		$	3,815

Gross Goodwill
Balance as of January 1, 2018	$	6,204		$	1,002		$	61		$	7,267
Centaur acquisition ⁽¹⁾	—			275			—			275
Other	—			—			(3		)	(3		)
Balance as of December 31, 2018	6,204			1,277			58			7,539
Accumulated Impairment
Balance as of January 1, 2018	(3,115		)	(337		)	—			(3,452		)
Impairment	—			(17		)	(26		)	(43		)
Balance as of December 31, 2018	(3,115		)	(354		)	(26		)	(3,495		)
Net carrying value, as of December 31, 2018 ⁽²⁾	$	3,089		$	923		$	32		$	4,044

____________________


⁽¹⁾	See Note 4 for further details relating to the acquisitions of OpCo and Centaur.


⁽²⁾	$405 million of goodwill is associated with a reporting unit with zero or negative carrying value. As the reporting unit has a positive fair value, there was no impairment associated with this reporting unit.

Changes in Carrying Value of Intangible Assets Other than Goodwill

	Amortizing						Non-Amortizing						Total
(In millions)	2018			2017			2018			2017			2018			2017
Balance as of January 1	$	355		$	285		$	1,254		$	148		$	1,609		$	433
Impairments ⁽¹⁾	—			—			(21		)	—			(21		)	—
Amortization expense	(68		)	(67		)	—			—			(68		)	(67		)
Deconsolidation of Horseshoe Baltimore ⁽²⁾	—			—			—			(22		)	—			(22		)
OpCo acquisition ⁽³⁾	—			137			—			1,124			—			1,261
Centaur acquisition ⁽³⁾	55			—			1,390			—			1,445			—
Other additions ⁽⁴⁾	—			—			20			—			20			—
Other	—			—			(8		)	4			(8		)	4
Balance as of December 31	$	342		$	355		$	2,635		$	1,254		$	2,977		$	1,609

____________________


⁽¹⁾	$12 million recognized in our Other U.S. segment and $9 million recognized in our All Other segment.


⁽²⁾	See Note 2 or further details relating to the deconsolidation of Horseshoe Baltimore.


⁽³⁾	See Note 4 for further details relating to the acquisitions of OpCo and Centaur.


⁽⁴⁾	Other additions of $20 million are related to gaming rights.

During 2018, as a result of declines in our stock price and increases in market yields within our industry, which are both factors used to determine the discount rate, along with downward adjustments to expectations of future performance at certain of our properties outside of Las Vegas, we recognized impairment charges related to goodwill of $43 million and gaming rights of $21 million for certain of our properties.

Gross Carrying Value and Accumulated Amortization of Intangible Assets Other than Goodwill

	December 31, 2018								December 31, 2017
(Dollars in millions)	Weighted Average Remaining Useful Life (in years)	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Amortizing intangible assets
Trade names and trademarks	2.3	$	14	$	(3	)	$	11	$	—	$	—		$	—
Customer relationships	4.5	1,071		(756		)	315		1,030		(693		)	337
Contract rights	6.0	3		(2		)	1		3		(2		)	1
Gaming rights and other	5.5	43		(28		)	15		43		(26		)	17
		$	1,131	$	(789	)	342		$	1,076	$	(721	)	355
Non-amortizing intangible assets
Trademarks							790							790
Gaming rights							1,592							211
Caesars Rewards							253							253
							2,635							1,254
Total intangible assets other than goodwill							$	2,977						$	1,609

The aggregate amortization expense for intangible assets that continue to be amortized was $68 million, $67 million, and $65 million, respectively, for the years ended December 31, 2018, 2017, and 2016.

Estimated Five-Year Amortization

	Years Ended December 31,
(In millions)	2019		2020		2021		2022		2023
Estimated annual amortization expense	$	71	$	71	$	60	$	17	$	15

Fair Value Measurements (Notes)

12 Months Ended

Dec. 31, 2018

Fair Value Measurements

Our assessment of goodwill and other intangible assets for impairment includes an assessment using various Level 2 (EBITDA multiples and discount rate) and Level 3 (forecasted cash flows) inputs. See Note 7 for more information on the application of the use of fair value methodology to measure goodwill and other intangible assets.

We have not elected the fair value measurement option available under GAAP for any of our assets or liabilities that meet the criteria for this option.

Items Measured at Fair Value on a Recurring Basis

The following table shows the fair value of our financial assets and financial liabilities that are required to be measured at fair value as of the date shown:



(In millions)	Balance		Level 1		Level 2		Level 3
December 31, 2018
Assets
Government bonds	$	15	$	—	$	15	$	—
Derivative instruments - interest rate swaps	6		—		6		—
Total assets at fair value	$	21	$	—	$	21	$	—
Liabilities
Derivative instruments - interest rate swaps	$	22	$	—	$	22	$	—
Derivative instruments - CEC Convertible Notes	324		—		324		—
Disputed claims liability	45		—		45		—
Total liabilities at fair value	$	391	$	—	$	391	$	—

December 31, 2017
Assets
Equity securities	$	8	$	8	$	—	$	—
Government bonds	25		—		25		—
Total assets at fair value	$	33	$	8	$	25	$	—
Liabilities
Derivative instruments - CEC Convertible Notes	$	1,016	$	—	$	—	$	1,016
Disputed claims liability	112		—		—		112
Total liabilities at fair value	$	1,128	$	—	$	—	$	1,128

Changes in Level 3 Fair Value Measurements

(In millions)	CEC Convertible Notes ⁽¹⁾			VICI Call Right ⁽²⁾			Derivative Instruments ⁽¹⁾			Disputed Claims Liability
Balance as of January 1, 2017	$	1,600		$	131		$	—		$	—
Restructuring of CEOC and other	640			46			—			—
Settlement of Restructuring Support and Forbearance Agreement Accrual	(2,240		)	(177		)	1,080			112
Change in fair value recorded in Other income/(loss)	—			—			(64		)	—
Balance as of December 31, 2017	—			—			1,016			112
Change in fair value recorded in Other income/(loss)	—			—			(282		)	(10		)
Change due to resolved claims in Disputed claims liability	—			—			4			(29		)
Transfer to Level 2 on October 1, 2018 ⁽³⁾	—			—			(738		)	(73		)
Balance as of December 31, 2018	$	—		$	—		$	—		$	—

____________________


⁽¹⁾	The CEC Convertible Notes were remeasured at fair value and issued on the Effective Date with a debt component and a derivative liability component. See Note 12 for further details on the debt portion of the CEC Convertible Notes. The derivative portion of the CEC Convertible Notes is a recurring fair value measurement, see below.


⁽²⁾	The VICI Call Right was remeasured at fair value and then transferred to Accrued expenses and other current liabilities on the Balance Sheet upon settlement on the Effective Date because it is an option related to real estate and not a derivative. See Note 9.


⁽³⁾	Due to a change in valuation methodology of the CEC Convertible Notes on October 1, 2018, the derivative liability of the CEC Convertible Notes and the Disputed claims liability were transferred to Level 2.

Equity Securities

Investments in equity securities are traded in active markets and have readily determined market values. These investments were included in Prepayments and other current assets on our Balance Sheets. Gross unrealized gains and losses on marketable securities were not material as of December 31, 2017.

Government Bonds

Investments primarily consist of debt securities held by our captive insurance entities that are traded in active markets, have readily determined market values, and have maturity dates of greater than three months from the date of purchase. These investments primarily represent collateral for several escrow and trust agreements with third-party beneficiaries and are recorded in Deferred charges and other assets while a portion is included in Prepayments and other current assets in our Balance Sheets.

Derivative Instruments

We do not purchase or hold any derivative financial instruments for trading purposes.

CEC Convertible Notes - Derivative Liability

On the Effective Date, CEC issued $1.1 billion aggregate principal amount of 5.00% convertible senior notes maturing in 2024, see Note 12 for further details.

Management analyzed the conversion features for derivative accounting consideration under ASC Topic 815, Derivatives and Hedging, (“ASC 815”) and determined that the CEC Convertible Notes contains bifurcated derivative features and qualifies for derivative accounting. In accordance with ASC 815, CEC has bifurcated the conversion features of the CEC Convertible Notes and recorded a derivative liability. The CEC Convertible Notes derivative features are not designated as hedging instruments. The derivative features of the CEC Convertible Notes are carried on CEC’s Balance Sheet at fair value in Deferred credits and other liabilities. The derivative liability is marked-to-market each measurement period and the changes in fair value of $697 million and $64 million, respectively, were recorded as a component of Other income/(loss) for the years ended December 31, 2018 and 2017 in the Statements of Operations. The derivative liability associated with the CEC Convertible Notes will remain in effect until such time as the underlying convertible notes are exercised or terminated and the resulting derivative liability will be transitioned from a liability to equity as of such date.

Valuation Methodology

The CEC Convertible Notes have a face value of $1.1 billion, a term of 7 years, a coupon rate of 5%, and are convertible into 156 million shares of CEC common stock, of which 151 million shares are net of amounts held by CEC.

As of December 31, 2017, we estimated the fair value of the CEC Convertible Notes using a binomial lattice valuation model that incorporated the value of both the straight debt and conversion features of the notes. The valuation model incorporated assumptions regarding the incremental cost of borrowing for CEC, the value of CEC’s equity into which these notes could convert, the expected volatility of such equity, and the risk-free rate. Since the key assumptions used in the valuation model, including CEC’s estimated incremental cost of borrowing and the expected volatility of CEC’s equity, were significant unobservable inputs, the fair value for the conversion features of the CEC Convertible Notes was classified as Level 3.

Key Assumptions as of December 31, 2017 -


•	Incremental cost of borrowing - 4.75%


•	Expected volatility - 30%


•	Risk-free rate - 2.3%

As of December 31, 2018, we estimated the fair value of the CEC Convertible Notes using a market-based approach that incorporated the value of both the straight debt and conversion features of the notes. The valuation model incorporated actively traded prices of the CEC Convertible Notes as of the reporting date, the value of CEC’s equity into which these notes could convert, and assumptions regarding the incremental cost of borrowing for CEC. Since the key assumption used in the valuation model is the actively traded price of CEC Convertible Notes but the incremental cost of borrowing is an unobservable input, the fair value for the conversion features of the CEC Convertible Notes was classified as Level 2.

Key Assumptions as of December 31, 2018 -


•	Actively traded price of CEC Convertible Notes - $122.38


•	Incremental cost of borrowing - 7.0%

Interest Rate Swap Derivatives

We use forward-starting interest rate swaps to manage the mix of our debt between fixed and variable rate instruments. During the years ended December 31, 2018 and 2017, respectively, we entered into six and four interest rate swap agreements to fix the interest rate on $2.0 billion and $1.0 billion of variable rate debt. As of December 31, 2018, we have entered into ten interest rate swap agreements for notional amounts totaling $3.0 billion. The interest rate swaps are designated as cash flow hedging instruments. The difference to be paid or received under the terms of the interest rate swap agreements will be accrued as interest rates change and recognized as an adjustment to interest expense for the related debt beginning on December 31, 2018. Changes in the variable interest rates to be paid or received pursuant to the terms of the interest rate swap agreements will have a corresponding effect on future cash flows.

The major terms of the interest rate swap agreements as of December 31, 2018 are as follows:



Effective Date	Notional Amount (In millions)	Fixed Rate Paid	Variable Rate Received as of December 31, 2018	Maturity Date
12/31/2018	250	2.274%	2.522%	12/31/2022
12/31/2018	200	2.828%	2.522%	12/31/2022
12/31/2018	600	2.739%	2.522%	12/31/2022
1/1/2019	250	2.153%	N/A	12/31/2020
1/1/2019	250	2.196%	N/A	12/31/2021
1/1/2019	400	2.788%	N/A	12/31/2021
1/1/2019	200	2.828%	N/A	12/31/2022
1/2/2019	250	2.172%	N/A	12/31/2020
1/2/2019	200	2.731%	N/A	12/31/2020
1/2/2019	400	2.707%	N/A	12/31/2021

Valuation Methodology

The estimated fair values of our interest rate swap derivative instruments are derived from market prices obtained from dealer quotes for similar, but not identical, assets or liabilities. Such quotes represent the estimated amounts we would receive or pay to terminate the contracts. The interest rate swap derivative instruments are included in either Deferred charges and other assets or Deferred credits and other liabilities on our Balance Sheets. Our derivatives are recorded at their fair values, adjusted for the credit rating of the counterparty if the derivative is an asset, or adjusted for the credit rating of the Company if the derivative is a liability. None of our derivative instruments are offset and all were classified as Level 2.

The effect of derivative instruments designated as hedging instruments on the Balance Sheet for amounts transferred into Accumulated other comprehensive income/(loss) (“AOCI”) was a loss of $16 million for the year ended December 31, 2018 and was immaterial in 2017. The estimated amount of existing losses that are reported in AOCI at the reporting date that are expected to be reclassified into earnings within the next 12 months is approximately $1 million.

Disputed Claims Liability

CEC and CEOC deposited cash, CEC common stock, and CEC Convertible Notes into an escrow trust to be distributed to satisfy certain remaining unsecured claims (excluding debt claims) as they become allowed (see Note 11). We have estimated the fair value of the remaining liability of those claims. As key assumptions used in the valuation model, including assumptions for the conversion features of the CEC Convertible Notes, included significant unobservable inputs, the fair value of the liability was classified as Level 3 as of December 31, 2017. As of December 31, 2018, due to our change in our valuation methodology of the CEC Convertible Notes (see above), the fair value of the Disputed claims liability is now classified as Level 2.

For the years ended December 31, 2018 and 2017, the changes in fair value related to the disputed claims liability was income of $24 million and immaterial, respectively, which were recorded as components of Other income/(loss) in the Statements of Operations.

Detail of Accrued Expenses and Other Current Liabilities (Notes)

12 Months Ended

Dec. 31, 2018

Detail of Accrued Expenses and Other Current Liabilities

Accrued Expenses and Other Current Liabilities



	As of December 31,
(In millions)	2018		2017
Payroll and other compensation	$	281	$	268
VICI Call Right	177		177
Self-insurance claims and reserves	173		192
Accrued taxes	157		137
Advance deposits	92		126
Disputed claims liability (See Note 11)	45		112
Chip and token liability	37		38
Other accruals	255		276
Total accrued expenses and other current liabilities	$	1,217	$	1,326

Self-Insurance Accruals

We are self-insured for workers’ compensation and other risk products through our captive insurance subsidiaries. Our insurance claims and reserves include accruals of estimated settlements for known claims, as well as accruals of actuarial estimates of incurred but not reported claims. In estimating these reserves, historical loss experience and judgments about the expected levels of costs per claim are considered. We also utilize consultants to assist in the determination of certain estimated accruals. These claims are accounted for based on actuarial estimates of the undiscounted claims, including those claims incurred but not reported. We believe the use of actuarial methods to account for these liabilities provides a consistent and effective way to measure these highly judgmental accruals; however, changes in health care costs, accident frequency and severity, and other factors can materially affect the estimates for these liabilities. We regularly monitor the potential for changes in estimates, evaluate our insurance accruals, and adjust our recorded provisions.

VICI Call Right

On the Effective Date, in accordance with the Plan, VICI received the VICI Call Right for up to five years to purchase and leaseback the real property assets associated with Harrah’s Atlantic City, Harrah’s Laughlin, and Harrah’s New Orleans for a cash purchase price of ten times the agreed upon annual rent for each property. The VICI Call Right is subject to the terms of the CRC Credit Agreement (defined in Note 12). On the Effective Date, the VICI Call Right was transferred to Accrued expenses and other current liabilities on our Balance Sheet at an amount equal to the fair value of the option on the Effective Date. Management does not believe that the liability should continue to be recognized at fair value after initial recognition until the execution or expiration of the option because it is an option related to real estate, not a derivative, and the fair value option has not been elected. Additionally, provided the real estate property assets remain on the Balance Sheets, they will be evaluated for impairment.

Leases (Notes)

12 Months Ended

Dec. 31, 2018

Commitments and Contingencies Disclosure [Abstract]

Leases

Operating Leases

We lease both real estate and equipment used in our operations. As of December 31, 2018, the remaining term of our operating leases ranged from 1 to 79 years with various automatic extensions. For the years ended December 31, 2018, 2017 and 2016, rent expense for operating leases was $118 million, $84 million and $74 million, respectively. In addition to minimum rental commitments, certain of our operating leases provide for contingent rentals based on a percentage of revenues in excess of specified amounts. However, such amounts are not considered material.

Failed Sale-Leaseback Financing Obligations

As described in Note 1 and Note 4, in conjunction with CEOC’s emergence from bankruptcy, OpCo, which was acquired by CEC and then immediately merged with and into CEOC LLC, with CEOC LLC as the surviving entity, entered into leases with VICI on the Effective Date related to certain real property assets formerly held by CEOC (each a “CEOC LLC Lease Agreement,” and,

collectively, the “CEOC LLC Lease Agreements”): (i) for Caesars Palace Las Vegas, (ii) for a portfolio of properties at various locations throughout the United States, and (iii) for Harrah’s Joliet Hotel & Casino. Additionally, on December 22, 2017, Harrah’s Las Vegas sold certain real estate assets to VICI and simultaneously entered into the Harrah’s Las Vegas lease. On July 11, 2018, we sold Octavius Tower to VICI and continue to operate the Octavius Tower under the current terms of the long-term agreement with VICI relating to Caesars Palace. On December 26, 2018, we sold all land and real property improvements used in the operation of Harrah’s Philadelphia to VICI and now lease the real property of Harrah’s Philadelphia from VICI pursuant to the CEOC LLC Lease Agreement relating to certain of our other domestic properties, which was amended to include Harrah’s Philadelphia.

Each lease agreement provides for fixed rent (subject to escalation) during an initial term, then rent consisting of both base rent and variable percentage rent elements, and has a 15-year initial term and four five-year renewal options, subject to certain restrictions on extension applicable to certain of the leased properties. The CEOC LLC Lease Agreements and the Harrah’s Las Vegas lease provide for annual fixed rent of $695 million and $87 million, respectively. Each of the leases includes escalation provisions beginning in year two of the initial term and continuing through the renewal terms. The leases also include provisions for contingent rental payments calculated, in part, based on increases or decreases of net revenue of the underlying lease properties, commencing in year eight of the initial term and continuing through the renewal terms.

On December 26, 2018, we and VICI consummated modifications to certain of our existing lease agreements. The modifications bring certain of the lease terms into alignment with other master leases in the sector and the long-term performance of the properties and create additional flexibility to facilitate our future development strategies. The modifications include, among other things: (i) the inclusion of Harrah’s Philadelphia in a CEOC LLC Lease Agreement; (ii) certain changes to a CEOC LLC Lease Agreement to reflect that the Octavius Tower is now owned by VICI and leased directly by VICI to a subsidiary of CEC pursuant to the lease; (iii) from the commencement of the eighth lease year, the implementation of EBITDAR to rent coverage tests in the CEOC LLC Lease Agreements that cap base rent escalations in the leases; and (iv) certain modifications to the rent escalators and the reduction of variable rent increases (or decreases, as applicable) for certain of the leases.

The leases were evaluated as a sale-leaseback of real estate. Under the terms of the lease agreements, we contribute to reserve accounts for which VICI has the right to collaterally assign the security interest in a future VICI financing. We determined that this contingent-collateral arrangement represents a prohibited form of continuing involvement. Among other things, we estimated that the length of the leases, including optional renewal periods, would represent substantially all (90% or more) of the remaining economic lives of the properties and facilities subject to the leases, and the terms of the renewal options give the Company the ability to renew the lease at a rate that has the potential of being less than a fair market value rate as determined at the time of renewal. These, among certain other conditions, represent a prohibited form of continuing involvement. Therefore, we determined that these transactions did not qualify for sale-leaseback accounting, and we accounted for the transaction as a financing.

For a failed sale-leaseback transaction, the real estate assets generally remain on the consolidated balance sheet at their historical net book value and are depreciated over their remaining useful lives while a failed sale-leaseback financing obligation is recognized for the proceeds received. For the CEOC LLC leases transaction, the real estate assets that were sold to VICI and leased back by OpCo were first adjusted to fair value upon CEOC’s emergence from bankruptcy and the failed sale-leaseback financing obligation was recognized at an amount equal to this fair value. CEC then recognized a failed sale-leaseback financing obligation equal to this fair value as part of the acquisition of OpCo (see Note 4).

As described above, for failed sale-leaseback transactions, we continue to reflect the real estate assets on our Balance Sheets in Property and equipment, net as if we were the legal owner, and we continue to recognize depreciation expense over the estimated useful lives. We do not recognize rent expense related to the leases, but we have recorded a liability for the failed sale-leaseback obligations and the majority of the periodic lease payments are recognized as interest expense. In the initial periods, cash payments are less than the interest expense recognized in the Statements of Operations, which causes the related sale-leaseback liability to increase during the beginning of the lease term.

Future Minimum Lease Commitments

(In millions)	Operating Leases		Financing Obligation
2019	$	82	$	753
2020	70		809
2021	57		822
2022	53		836
2023	51		855
Thereafter	966		34,333
Total minimum rental commitments	$	1,279	$	38,408

Guarantee for Failed Sale-Leaseback

Subject to certain exceptions, the payment of all monetary obligations under the CEOC LLC Lease Agreements are guaranteed by CEC and the payment of all monetary obligations under the Harrah’s Las Vegas lease is guaranteed by CRC.

Litigation, Contractual Commitments and Contingent Liabilities (Notes)

12 Months Ended

Dec. 31, 2018

Commitments and Contingencies Disclosure [Text Block]

Litigation, Contractual Commitments, and Contingent Liabilities

Litigation

Caesars is party to ordinary and routine litigation incidental to our business. We do not expect the outcome of any such litigation to have a material effect on our consolidated financial position, results of operations, or cash flows, as we do not believe it is reasonably possible that we will incur material losses as a result of such litigation.

Contractual Commitments

Exit Cost Accruals

As of December 31, 2018 and 2017, exit costs were included in Accrued expenses and other current liabilities and Deferred credits and other liabilities on the accompanying Balance Sheets for accruals related to the following:



		As of December 31,
(In millions)	Accrual Obligation End Date	2018		2017
Future obligations under land lease agreements ⁽¹⁾	December 2092	$	43	$	43
Iowa greyhound pari-mutuel racing fund	December 2021	33		40
Permanent closure of international properties ⁽²⁾	January 2032	10		18
Unbundling of electric service provided by NV Energy	February 2024	58		38
Total		$	144	$	139

____________________


⁽¹⁾	Associated with the abandonment of a construction project near the Mississippi Gulf Coast.


⁽²⁾	Properties include Alea Leeds, Golden Nugget and Southend.

NV Energy

In September 2017, we filed our final notice to proceed with our plan to exit the fully bundled sales system of NV Energy for our Nevada properties and purchase energy, capacity, and/or ancillary services from a provider other than NV Energy. The transition to unbundle electric service was completed in the first quarter of 2018 (the “Cease-Use Date”). As a result of our decision to exit, an order from the Public Utilities Commission of Nevada required that we pay an aggregate exit fee of $48 million. These fees are payable over three to six years at an aggregate present value of $34 million as of December 31, 2018 and were recorded in Accrued expenses and other current liabilities and Deferred credits and other liabilities on the Balance Sheet.

For six years following the Cease-Use Date, we will also be required to make ongoing payments to NV Energy for non-bypassable rate charges, which primarily relate to each entity’s share of NV Energy’s portfolio of above-market renewable energy contracts and the costs of decommissioning and remediation of coal-fired power plants. As of the effective date of the transition, total fees to be incurred were $31 million, which were accrued at its present value in the first quarter of 2018. As of December 31, 2018,

$24 million was recorded in Accrued expenses and other current liabilities and Deferred credits and other liabilities on the Balance Sheet. The amount will be adjusted in the future if actual fees incurred differ from our estimates.

Sports Sponsorship/Partnership Obligations

We have agreements with certain professional sports teams for advertising, marketing, promotional, and sponsorship opportunities. As of December 31, 2018, obligations related to these agreements were $177 million with contracts extending through 2034.

Golf Course Properties

Concurrently with the execution of the CEOC LLC Lease Agreements with VICI described in Note 10, certain Golf Course Properties were sold to VICI. CEOC LLC entered into a Golf Course Use Agreement with VICI over a 35-year term, pursuant to which we incur (i) an annual payment of $10 million subject to escalation, (ii) an annual use fee of $3 million, subject to escalation beginning in the second year, and (iii) per-round fees. All of these payments are guaranteed by CEC. Although the Golf Course Use Agreement was determined not to be a lease, the escalation points reference the CEOC LLC Lease Agreement relating to certain of our other domestic properties, which was modified (see Note 10 for additional information).

An obligation of $143 million is recorded in Deferred credits and other liabilities as of December 31, 2018, which represents the amount that the obligations of $10 million in annual payments to be made under the Golf Course Use Agreement exceeds the fair value of services being received.

The obligation is being amortized using the effective interest method over the term of the Golf Course Use Agreement which continues through October 2052. The amortization on this obligation was $11 million for the year ended December 31, 2018 and immaterial for the year ended December 31, 2017, reflected in Interest expense in our Statements of Operations.

VICI Leases

Under the CEOC LLC Lease Agreements and the Harrah’s Las Vegas lease, we are required to spend certain minimum amounts on capital expenditures.

Tribal Casino Management Contracts

The agreements pursuant to which we manage casinos on Indian lands contain provisions required by law that state that a minimum monthly payment must be made to the applicable tribe. This payment obligation has priority over scheduled repayments of borrowings for development costs and over the management fee earned and paid to the manager. In the event that insufficient cash flow is generated by the operations to fund this payment, we must pay the shortfall to the tribe. Subject to certain limitations as to time, such advances, if any, would be repaid to us in future periods in which operations generate cash flow in excess of the required minimum payment. These commitments will terminate upon the occurrence of certain defined events, including termination of the management contract. Our aggregate monthly commitment for the minimum guaranteed payments, pursuant to contracts for the four managed, Indian-owned facilities, is approximately $1 million. Each of these casinos currently generates sufficient cash flows to cover all of its obligations, including its debt service.

Separation Agreement

On November 1, 2018, the Company announced that Mark P. Frissora, our President and Chief Executive Officer, will leave the Company. Subject to the terms of the separation agreement entered into between the Company and Mr. Frissora (as amended, the “Separation Agreement”), Mr. Frissora will continue as President and Chief Executive Officer until a termination date of April 30, 2019 (which the Company may extend by one month) for purposes of continuity of leadership as the Company searches for a successor to Mr. Frissora. In connection with his Separation Agreement, upon his termination date, Mr. Frissora will be vested in all unvested equity and cash awards (with vesting of performance stock units and options remaining subject to achievement of applicable targets and options generally exercisable for two years after vesting). As a result of the separation, a total of $32 million of accelerated compensation will be recognized, of which $19 million was recognized during the year ended December 31, 2018, and the remainder will be amortized in 2019 through his exit date of April 30, 2019.

Contingent Liabilities

Resolution of Disputed Claims

Prior to the Effective Date, CEOC’s financial statements included amounts classified as liabilities subject to compromise, which represented estimates of pre-petition obligations impacted by the Chapter 11 reorganization process. These amounts represented the Debtors’ then-current estimate of known or potential pre-petition obligations to be resolved in connection with CEOC’s emergence from bankruptcy.

Following the Effective Date, actions to enforce or otherwise affect repayment of liabilities preceding the Petition Date, as well as pending litigation against the Debtors related to such liabilities, generally have been permanently enjoined. Any unresolved claims will continue to be subject to the claims reconciliation process under the supervision of the Bankruptcy Court. CEOC LLC will continue the process of reconciling such claims to the amounts listed by the Debtors in their schedules of assets and liabilities, as amended. The amounts submitted by claimants that remain unresolved total approximately $590 million. We estimate the fair value of these claims to be $45 million as of December 31, 2018, which is based on management’s estimate of the claim amounts that the Bankruptcy Court will ultimately allow and the fair value of the underlying CEC common stock and CEC Convertible Notes held in escrow for the purpose of resolving those claims. See Note 8.

Pursuant to the Plan, CEC and CEOC deposited cash, CEC common stock, and CEC Convertible Notes into an escrow trust to be distributed to satisfy certain remaining unsecured claims (excluding debt claims) as they become allowed. As claims are resolved, the claimants receive distributions of CEC common stock, cash or cash equivalents, and/or CEC Convertible Notes from the reserves on the same basis as if such distributions had been made on or about the Effective Date. To the extent that any of the reserved shares, cash, and convertible notes remain undistributed upon resolution of the remaining disputed claims, such amounts will be returned to CEC.

As of December 31, 2018, approximately $49 million in cash, 8 million shares of CEC common stock, and $32 million in principal value of CEC Convertible Notes remain in reserve for distribution to holders of disputed claims whose claims may ultimately become allowed in the escrow trust. The CEC common stock and CEC Convertible Notes held in the escrow trust are treated as not outstanding in CEC’s Financial Statements. We estimate that the number of shares, cash, and CEC Convertible Notes reserved is sufficient to satisfy the Debtors’ obligations under the Plan.

Debt (Notes)

12 Months Ended

Dec. 31, 2018



	December 31, 2018								December 31, 2017
(Dollars in millions)	Final Maturity	Rate(s) ⁽¹⁾	Face Value			Book Value			Book Value
Secured debt
CRC Revolving Credit Facility	2022	variable ⁽²⁾	$	100		$	100		$	—
CRC Term Loan	2024	variable ⁽³⁾	4,653			4,577			4,616
CEOC LLC Revolving Credit Facility	2022	variable ⁽⁴⁾	—			—			—
CEOC LLC Term Loan	2024	variable ⁽⁵⁾	1,485			1,483			1,499
Unsecured debt
CEC Convertible Notes	2024	5.00%	1,083			1,083			1,078
CRC Notes	2025	5.25%	1,700			1,668			1,664
Special Improvement District Bonds	2037	4.30%	54			54			56
Total debt			9,075			8,965			8,913
Current portion of long-term debt			(164		)	(164		)	(64		)
Long-term debt			$	8,911		$	8,801		$	8,849

Unamortized premiums, discounts and deferred finance charges						$	110		$	121
Fair value			$	8,527

____________________


⁽¹⁾	Interest rate is fixed, except where noted.

⁽²⁾

London Interbank Offered Rate (“LIBOR”) plus 2.00%. On May 4, 2018, the interest rate was reduced from the previous LIBOR plus 2.25% to LIBOR plus 2.13% and on August 2, 2018, the interest rate was further reduced to LIBOR plus 2.00% due to step-downs based on the senior secured leverage ratio in accordance with the CRC Credit Agreement. On November 2, 2018, the interest rate was increased to LIBOR plus 2.13% due to a step-up based on the senior secured leverage ratio as of September 30, 2018.


⁽³⁾	LIBOR plus 2.75%.


⁽⁴⁾	LIBOR plus 2.00%.


⁽⁵⁾	LIBOR plus 2.00%. On April 16, 2018, the interest rate was repriced from the previous LIBOR plus 2.50%, see below.

Annual Estimated Debt Service Requirements

	Years Ended December 31,
(In millions)	2019		2020		2021		2022		2023		Thereafter		Total
Annual maturities of long-term debt	$	164	$	64	$	64	$	64	$	64	$	8,655	$	9,075
Estimated interest payments	480		470		470		460		450		540		2,870
Total debt service obligation ⁽¹⁾	$	644	$	534	$	534	$	524	$	514	$	9,195	$	11,945

____________________


⁽¹⁾	Debt principal payments are estimated amounts based on maturity dates and potential borrowings under our revolving credit facilities. Interest payments are estimated based on the forward-looking LIBOR curve and include the estimated impact of the ten interest rate swap agreements (see Note 8). Actual payments may differ from these estimates.

Current Portion of Long-Term Debt

The current portion of long-term debt as of December 31, 2018 includes the principal payments on the term loans, other unsecured borrowings, and special improvement district bonds that are expected to be paid within 12 months.

Borrowings under the revolving credit facilities are each subject to the provisions of the applicable credit facility agreements, which each have a contractual maturity of greater than one year. Amounts borrowed, if any, under the revolving credit facilities are intended to satisfy short term liquidity needs and would be classified as current.

Debt Discounts or Premiums and Deferred Finance Charges

Debt discounts or premiums and deferred finance charges incurred in connection with the issuance of debt are amortized to interest expense based on the related debt agreements primarily using the effective interest method. Unamortized discounts are written off and included in our gain or loss calculations to the extent we extinguish debt prior to its original maturity date.

Fair Value

The fair value of debt has been calculated primarily based on the borrowing rates available as of December 31, 2018 based on market quotes of our publicly traded debt. We classify the fair value of debt within Level 1 and Level 2 in the fair value hierarchy.

CRC Term Loan and Revolving Credit Facility

On December 22, 2017, CRC entered into a new $5.7 billion senior secured credit facility (the “CRC Senior Secured Credit Facilities”), including a $1.0 billion five-year revolving credit facility (the “CRC Revolving Credit Facility”) and a $4.7 billion seven-year first lien term loan (the “CRC Term Loan”). The CRC Senior Secured Credit Facilities were funded and closed pursuant to the Credit Agreement, dated as of December 22, 2017 (the “CRC Credit Agreement”).

The CRC Term Loan matures in 2024. The CRC Revolving Credit Facility matures in 2022 and includes a letter of credit sub-facility. The CRC Term Loan requires scheduled quarterly principal payments in amounts equal to 0.25% of the original aggregate principal amount, with the balance due at maturity. The CRC Credit Agreement also includes customary voluntary and mandatory prepayment provisions, subject to certain exceptions. As of December 31, 2018, $100 million was outstanding under the CRC Revolving Credit Facility and approximately $36 million was committed to outstanding letters of credit.

Borrowings under the CRC Credit Agreement bear interest at a rate equal to either (a) LIBOR adjusted for certain additional costs, subject to a floor of 0% or (b) a base rate determined by reference to the highest of (i) the federal funds rate plus 0.50%, (ii) the prime rate as determined by Credit Suisse AG, Cayman Islands Branch, as administrative agent under the CRC Credit Agreement and (iii) the one-month adjusted LIBOR rate plus 1.00%, in each case plus an applicable margin. Such applicable margin shall be (a) with respect to the CRC Term Loan, 2.75% per annum in the case of any LIBOR loan or 1.75% per annum in the case of any base rate loan and (b) in the case of the CRC Revolving Credit Facility, 2.25% per annum in the case of any LIBOR loan and 1.25% per annum in the case of any base rate loan, subject in the case of the CRC Revolving Credit Facility to two 0.125% step-downs based on CRC’s senior secured leverage ratio (“SSLR”), the ratio of first lien senior secured net debt to adjusted earnings before interest, taxes, depreciation and amortization.

In addition, CRC is required to pay a commitment fee in respect of any commitments under the CRC Revolving Credit Facility in the amount of 0.50% of the principal amount of the commitments, subject to step-downs to 0.375% and 0.25% based upon CRC’s SSLR. CRC is also required to pay customary agency fees as well as letter of credit participation fees computed at a rate per annum equal to the applicable margin for LIBOR borrowings on the dollar equivalent of the daily stated amount of outstanding letters of credit, plus such letter of credit issuer’s customary documentary and processing fees and charges and a fronting fee in an amount equal to 0.125% of the daily stated amount of such letter of credit.

CRC Notes

On October 16, 2017, CRC Escrow Issuer LLC (“Escrow Issuer”) and CRC Finco. Inc., then both wholly owned subsidiaries of CEC, issued $1.7 billion aggregate principal amount of 5.25% senior notes due 2025 (the “CRC Notes”). On December 22, 2017, Escrow Issuer merged with and into CRC, with CRC as the surviving entity and issuer of the CRC Notes.

CEOC LLC Term Loan and Revolving Credit Facility

As part of the acquisition of OpCo on the Effective Date, we assumed debt that was issued in connection with CEOC’s emergence from bankruptcy including a $1.235 billion term loan (the “CEOC LLC Term Loan”) pursuant to a Credit Agreement dated as of October 6, 2017 (the “CEOC LLC Credit Agreement”). In addition, OpCo had a $200 million revolving credit facility under the CEOC LLC Credit Agreement (the “CEOC LLC Revolving Credit Facility”).

The CEOC LLC Term Loan matures in 2024 and the CEOC LLC Revolving Credit Facility matures in 2022 and includes a letter of credit sub-facility. The CEOC LLC Term Loan requires scheduled quarterly principal payments in amounts equal to 0.25% of the original aggregate principal amount, with the balance due at maturity. The CEOC LLC Credit Agreement also includes customary voluntary and mandatory prepayment provisions, subject to certain exceptions. As of December 31, 2018, no borrowings were outstanding under the CEOC LLC Revolving Credit Facility and approximately $39 million was committed to outstanding letters of credit.

On December 18, 2017, CEOC LLC completed a $265 million incremental term loan facility (the “Incremental Term Loan”) under the CEOC LLC Credit Agreement. The Incremental Term Loan is structured as an add-on to the existing CEOC LLC Term Loan and has the same terms as the existing CEOC LLC Term Loan, including the same applicable interest rate and the same amortization and maturity date.

Borrowings under the CEOC LLC Credit Agreement bear interest at a rate equal to either (a) LIBOR adjusted for certain additional costs, subject to a floor of 0% or (b) a base rate determined by reference to the highest of (i) the federal funds rate plus 0.50%, (ii) the prime rate as determined by Credit Suisse AG, Cayman Islands Branch, as administrative agent under the CEOC LLC Credit Agreement and (iii) the one-month adjusted LIBOR rate plus 1.00%, in each case plus an applicable margin.

On April 16, 2018, CEOC LLC entered into Amendment No. 1 to the CEOC LLC Credit Agreement (the “CEOC LLC Credit Agreement Amendment”) that, among other things, reduced the interest rate margins applicable to the CEOC LLC Term Loan (including the Incremental Term Loan).

After giving effect to the CEOC LLC Credit Agreement Amendment, the applicable margins under the CEOC LLC Credit Agreement are (a) with respect to the CEOC LLC Term Loan, (including the Incremental Term Loan), 2.00% per annum in the case of any LIBOR loan or 1.00% per annum in the case of any base rate loan and (b) in the case of the CEOC LLC Revolving Credit Facility, 2.00% per annum in the case of any LIBOR loan and 1.00% per annum in the case of any base rate loan, subject in the case of the CEOC LLC Revolving Credit Facility to two 0.125% step-downs based on CEOC LLC’s SSLR.

In addition, CEOC LLC is required to pay a commitment fee in respect of any commitments under the CEOC LLC Revolving Credit Facility in the amount of 0.50% of the principal amount of the commitments, subject to step-downs to 0.375% and 0.25% based upon CEOC LLC’s SSLR. CEOC LLC is also required to pay customary agency fees as well as letter of credit participation fees computed at a rate per annum equal to the applicable margin for LIBOR borrowings on the dollar equivalent of the daily stated amount of outstanding letters of credit, plus such letter of credit issuer’s customary documentary and processing fees and charges and a fronting fee in an amount equal to 0.125% of the daily stated amount of such letter of credit.

CEC Convertible Notes

On the Effective Date, CEC issued $1.1 billion aggregate principal amount of 5.00% convertible senior notes maturing in 2024 to CEOC’s creditors pursuant to the terms of the Plan. The CEC Convertible Notes were issued pursuant to the Indenture, dated as of October 6, 2017.

The CEC Convertible Notes are convertible at the option of holders into a number of shares of CEC common stock that is equal to approximately 0.139 shares of CEC common stock per $1.00 principal amount of CEC Convertible Notes, which is equal to an initial conversion price of $7.19 per share. If all the shares were issued on the Effective Date, they would have represented approximately 17.9% of the shares of CEC common stock outstanding on a fully diluted basis. The holders of the CEC Convertible Notes can convert them at any time after issuance. CEC can convert the CEC Convertible Notes beginning in October 2020 if the last reported sale price of CEC common stock equals or exceeds 140% of the conversion price for the CEC Convertible Notes in effect on each of at least 20 trading days during any 30 consecutive trading day period. CEC does not have any other redemption rights under the CEC Convertible Notes. As of December 31, 2018, an immaterial amount of the CEC Convertible Notes were converted into shares of CEC common stock. An aggregate of 156 million shares of CEC common stock, of which 151 million shares are net of amounts held by CEC, are issuable upon conversion of the CEC Convertible Notes. As of December 31, 2018, the remaining life of the CEC Convertible Notes is 5.75 years.

The Company has determined that the CEC Convertible Notes contain derivative features that require bifurcation. We separately account for the liability component and equity conversion option of the CEC Convertible Notes. The portion of the overall fair value allocated to the liability was calculated by using a market-based approach without the conversion features included. The difference between the overall instrument value and the value of the liability component was assumed to be the value of the equity component. See Note 8 for more information on the CEC Convertible Notes’ fair value measurements.

Summary of Debt and Revolving Credit Facility Cash Flows from Financing Activities in 2018

(In millions)	Proceeds		Repayments			Loss on Extinguishment of Debt
CRC Revolving Credit Facility	$	700	$	(600	)	$	—
CRC Term Loan	—		(47		)	—
CEOC LLC Term Loan ⁽¹⁾	467		(482		)	(1		)
Other debt activity	—		(1		)	—
Total	$	1,167	$	(1,130	)	$	(1	)

____________________


⁽¹⁾	Includes amounts related to Amendment No. 1 to the CEOC LLC Credit Agreement discussed above.

Terms of Outstanding Debt

Restrictive Covenants

The CRC Credit Agreement, CEOC LLC Credit Agreement, as amended, and the indentures related to the CRC Notes contain covenants which are standard and customary for these types of agreements. These include negative covenants, which, subject to certain exceptions and baskets, limit the ability of CRC and certain of its subsidiaries, and CEOC LLC and certain of its subsidiaries, respectively, to (among other items) incur additional indebtedness, make investments, make restricted payments, including dividends, grant liens, sell assets and make acquisitions. The indenture related to the CEC Convertible Notes contains covenants including negative covenants, which, subject to certain exceptions, limit the Company’s ability to (among other items) incur additional indebtedness, make investments, make restricted payments, including dividends, grant liens, sell assets, and make acquisitions.

The CRC Revolving Credit Facility and CEOC LLC Revolving Credit Facility include maximum first-priority net SSLR financial covenants of 6.35:1 and 3.50:1, respectively, which are applicable solely to the extent that certain testing conditions are satisfied.

Guarantees

The borrowings under the CRC Credit Agreement and CEOC LLC Credit Agreement, as amended, are guaranteed by the material, domestic, wholly owned subsidiaries of CRC and CEOC LLC, respectively, (subject to exceptions) and substantially all of the applicable existing and future property and assets of CRC or CEOC LLC, respectively, and their respective subsidiary guarantors serve as collateral for the respective borrowings.

The CRC Notes are guaranteed on a senior unsecured basis by each wholly owned, domestic subsidiary of CRC that is a subsidiary guarantor with respect to the CRC Senior Secured Credit Facilities.

Restricted Net Assets

Because of the restrictions in our borrowings and other arrangements, the amount of net assets at consolidated subsidiaries not available to be remitted to CEC via dividend, loan or transfer was approximately $3.2 billion as of both December 31, 2018 and 2017.

Stockholders' Equity and Loss Per Share (Notes)	12 Months Ended
Stockholders' Equity and Loss Per Share (Notes)	Dec. 31, 2018
Stockholders' Equity Attributable to Parent [Abstract]
Stockholders' Equity Note Disclosure [Text Block]	Stockholders’ Equity Share Repurchase Program On May 2, 2018, the Company announced that our Board of Directors authorized a Share Repurchase Program (the “Repurchase Program”) to repurchase up to $500 million of our common stock. On August 10, 2018, the Company announced that our Board of Directors increased its share repurchase authorization to $750 million of our common stock. Repurchases may be made at the Company’s discretion from time to time on the open market or in privately negotiated transactions. The Repurchase Program has no time limit, does not obligate the Company to make any repurchases, and may be suspended for periods or discontinued at any time. Any shares acquired are available for general corporate purposes. During the year ended December 31, 2018, we repurchased approximately 31 million shares for approximately $311 million under the program recorded in Treasury stock.

Earnings Per Share (Notes)

12 Months Ended

Dec. 31, 2018

Earnings Per Share [Text Block]

Earnings Per Share

Basic earnings per share (“EPS”) is computed by dividing the applicable income amounts by the weighted-average number of shares of common stock outstanding. Diluted earnings per share is computed by dividing the applicable income amounts by the sum of weighted-average number of shares of common stock outstanding and dilutive potential common stock.

For a period in which Caesars generated a net loss, the weighted-average basic shares outstanding was used in calculating diluted loss per share because using diluted shares would have been anti-dilutive to loss per share.

Basic and Dilutive Net Earnings Per Share Reconciliation

	Years Ended December 31,
(In millions, except per share data)	2018		2017			2016
Income/(loss) from continuing operations attributable to Caesars, net of income taxes	$	303	$	(368	)	$	(6,429	)
Income from discontinued operations attributable to Caesars, net of income taxes	—		—			3,380
Net income/(loss) attributable to Caesars	303		(368		)	(3,049		)
Dilutive effect of CEC Convertible Notes, net of tax	42		—			—
Adjusted net income/(loss) attributable to Caesars	$	345	$	(368	)	$	(3,049	)

Weighted-average common shares outstanding - basic	686		279			146
Dilutive potential common shares: Stock-based compensation awards	4		—			—
Dilutive potential common shares: CEC Convertible Notes	151		—			—
Weighted-average common shares outstanding - diluted	841		279			146

Basic earnings/(loss) per share from continuing operations	$	0.44	$	(1.32	)	$	(43.96	)
Basic earnings per share from discontinued operations	—		—			23.11
Basic earnings/(loss) per share	$	0.44	$	(1.32	)	$	(20.85	)

Diluted earnings/(loss) per share from continuing operations	$	0.41	$	(1.32	)	$	(43.96	)
Diluted earnings per share from discontinued operations	—		—			23.11
Diluted earnings/(loss) per share	$	0.41	$	(1.32	)	$	(20.85	)

Weighted-Average Number of Anti-Dilutive Shares Excluded from Calculation of EPS

	Years Ended December 31,
(In millions)	2018	2017	2016
Stock-based compensation awards	11	21	19
CEC Convertible Notes	—	36	—
Total anti-dilutive common stock	11	57	19

Revenue Recognition - (Notes)

12 Months Ended

Dec. 31, 2018

Revenue from Contract with Customer [Text Block]

Revenue Recognition

Adoption of New Revenue Recognition Standard

In May 2014, the FASB issued a new standard related to revenue recognition, ASU 2014-09, Revenue from Contracts with Customers. We adopted the standard effective January 1, 2018, using the full retrospective method, which requires the Company to recast each prior reporting period presented consistent with the new standard. The most significant effects of adopting the new standard related to the accounting for our Caesars Rewards customer loyalty program and casino promotional allowances.

Caesars Rewards affects revenue from our four core businesses: casino entertainment, food and beverage, rooms and hotel, and entertainment and other business operations. Previously, the Company accrued a liability based on the estimated cost of fulfilling the redemption of Reward Credits, after consideration of estimated forfeitures (referred to as “breakage”), based upon the cost of historical redemptions. Upon adoption of the new accounting standard, Reward Credits are no longer recorded at cost, and a

deferred revenue model is used to account for the classification and timing of revenue recognized as well as the classification of related expenses when Reward Credits are redeemed. This results in a portion of casino revenues being recorded as deferred revenue as Reward Credits are earned. Revenue is recognized in a future period based on when and for what good or service the Reward Credits are redeemed (e.g., a hotel room).

Additionally, we previously recorded promotional allowances in a separate line item within net revenues. As part of adopting the new standard, promotional allowances are no longer presented separately. Alternatively, revenue is recognized based on relative standalone selling prices for transactions with more than one performance obligation. For example, when a casino customer is given a complimentary room, we are required to allocate a portion of the casino revenues earned from the customer to rooms revenues based on the standalone selling price of the room. As a result of this change, we are reporting substantially lower casino revenues; however, this change, and other less significant adjustments that were required upon adoption, did not have an aggregate material effect on total net revenues, operating income, net income, or cash flows.

Effect of Adopting New Revenue Recognition Standard - Balance Sheets

(In millions)	Previously Reported			ASC Adjustments			As Recast
December 31, 2017
Receivables, net	$	496		$	(2	)	$	494
Property and equipment, net⁽¹⁾	16,228			(74		)	16,154
Accrued expenses and other current liabilities ⁽²⁾	1,459			(133		)	1,326
Contract liabilities⁽²⁾	—			129			129
Financing obligations⁽¹⁾	9,429			(74		)	9,355
Deferred credits and other liabilities	1,473			1			1,474
Stockholders’ equity	3,296			1			3,297
December 31, 2016
Stockholders’ deficit	(1,609		)	2			(1,607		)
December 31, 2015
Stockholders’ equity	2,039			3			2,042

____________________

⁽¹⁾


⁽²⁾	Adjustments are primarily related to the reclassification of assets and liabilities in accordance with the new accounting and disclosure requirements.

Effect of Adopting New Revenue Recognition Standard - Statements of Operations

	Year Ended December 31, 2017						Year Ended December 31, 2016
(In millions)	Prior to Adoption			Post Adoption			Prior to Adoption			Post Adoption
Revenues
Casino	$	2,865		$	2,168		$	2,177		$	1,608
Food and beverage	938			982			788			822
Rooms	1,054			1,074			923			950
Other revenue	626			584			527			497
Management fees	—			12			—			—
Reimbursed management costs	48			48			—			—
Casino promotional allowances	(679		)	—			(538		)	—
Net revenues	4,852			4,868			3,877			3,877
Operating expenses
Direct
Casino	1,521			1,213			1,128			890
Food and beverage	446			693			383			572
Rooms	276			360			249			318
Property, general, administrative, and other	1,133			1,124			1,166			1,147
Reimbursable management costs	48			48			—			—
Depreciation and amortization	628			626			439			439
Corporate expense	204			202			194			194
Other operating costs	64			65			91			91
Total operating expenses	4,320			4,331			3,650			3,651
Income from operations	532			537			227			226
Interest expense	(774		)	(773		)	(599		)	(599		)
Gain on deconsolidation of subsidiaries	30			31			—			—
Restructuring and support expenses	(2,028		)	(2,028		)	(5,729		)	(5,729		)
Loss on extinguishment of debt	(232		)	(232		)	—			—
Other income/(loss)	95			95			(29		)	(29		)
Loss from continuing operations before income taxes	(2,377		)	(2,370		)	(6,130		)	(6,131		)
Income tax benefit/(provision)	1,995			1,995			(327		)	(327		)
Loss from continuing operations, net of income taxes	(382		)	(375		)	(6,457		)	(6,458		)
Discontinued operations, net of income taxes	—			—			3,380			3,380
Net loss	(382		)	(375		)	(3,077		)	(3,078		)
Net loss attributable to noncontrolling interests	7			7			29			29
Net loss attributable to Caesars	$	(375	)	$	(368	)	$	(3,048	)	$	(3,049	)

Accounting Policies

We analyze our revenues based upon the type of services we provide and the geographic location of the related property. We recognize revenue when control over the goods and services we provide has transferred to the customer, which is generally when the services are performed and when we have no substantive performance obligation remaining. Sales and other taxes collected from customers on behalf of governmental authorities are accounted for on a net basis and are not included in net revenues or operating expenses.

Casino Revenues

Casino revenues include revenues generated by our casino operations and casino related activities such as poker, pari-mutuel wagering, and tournaments, less sales incentives and other adjustments. Casino revenues are measured by the aggregate net difference between gaming wins and losses. Jackpots, other than the incremental amount of progressive jackpots, are recognized at the time they are won by customers. We accrue the incremental amount of progressive jackpots as the progressive machine is played, and the progressive jackpot amount increases, with a corresponding reduction to casino revenues. Funds deposited by

customers in advance along with chips and slot vouchers in a customer’s possession are recorded in Accrued expenses and other current liabilities on our Balance Sheets until such amounts are redeemed or used in gaming play by the customer.

Non-Gaming Revenues

Rooms revenue, food and beverage revenue, and entertainment and other revenue include: (i) the actual amounts paid for such services (less any amounts allocated to unperformed performance obligations, such as Reward Credits described below); (ii) the value of Reward Credits redeemed for such services; and (iii) the portion of the transaction price allocated to complimentary goods or services provided in conjunction with other revenue-generating activities. Rooms revenue is generally recognized over time, consistent with the customer’s reservation period. Food and beverage and entertainment and other revenues are recognized at the point in time the services are performed or events are held. Amounts paid in advance, such as advance deposits on rooms and advance ticket sales, are recorded as a liability until the goods or services are provided to the customer (see Contract Liabilities below).

Other Revenue

Other revenue primarily includes revenue from third-party real estate leasing arrangements at our properties. Rental income is recognized ratably over the lease term with contingent rental income being recognized when the right to receive such rental income is established according to the lease agreements.

Reimbursed Management Costs

Reimbursable management costs are presented on a gross basis as revenue and expense, thus resulting in no net impact on operating income.

Caesars Rewards Loyalty Program

Caesars’ customer loyalty program, Caesars Rewards, grants Reward Credits to Caesars Rewards Members based on on-property spending, including gaming, hotel, dining, and retail shopping at all Caesars-affiliated properties. Members may redeem Reward Credits for complimentary or discounted goods and services such as rooms, food and beverages, merchandise, free play, entertainment, and travel accommodations. Members are able to accumulate Reward Credits over time that they may redeem at their discretion under the terms of the program. A member’s Reward Credit balance is forfeited if the member does not earn at least one Reward Credit during a continuous six-month period.

Because of the significance of the Caesars Rewards program and the ability for customers to accumulate Reward Credits based on their past play, we have determined that Reward Credits granted in conjunction with other earning activity represent a performance obligation. As a result, for transactions in which Reward Credits are earned, we allocate a portion of the transaction price to the Reward Credits that are earned based upon the relative standalone selling prices (“SSP”) of the goods and services involved. When the activity underlying the “earning” of the Reward Credits has a wide range of selling prices and is highly variable, such as in the case of gaming activities, we use the residual approach in this allocation by computing the value of the Reward Credits as described below and allocating the residual amount to the gaming activity. This allocation results in a significant portion of the transaction price being deferred and presented as a Contract liability on our accompanying Balance Sheets. Any amounts allocated to Contract liabilities are recognized as revenue when the Reward Credits are redeemed in accordance with the specific recognition policy of the activity for which the credits are redeemed. This balance is further described below under Contract Liabilities.

Our Caesars Rewards loyalty program includes various tiers that offer different benefits, and members are able to earn credits towards tier status, which generally enables them to receive discounts similar to those provided as complimentaries described below. We have determined that any such discounts received as a result of tier status do not represent material rights, and therefore, we do not account for them as distinct performance obligations.

We have determined the SSP of a Reward Credit by computing the redemption value of credits expected to be redeemed. Because Reward Credits are not otherwise independently sold, we analyzed all Reward Credit redemption activity over the preceding calendar year and determined the redemption value based on the fair market value of the goods and services for which the Reward Credits were redeemed. We have applied the practical expedient under the portfolio approach to our Reward Credit transactions because of the similarity of gaming and other transactions and the homogeneity of Reward Credits.

As part of determining the SSP for Reward Credits, we also determined that there is generally an amount of Reward Credits that is not redeemed, which is considered “breakage.” We recognize the expected breakage proportionally with the pattern of revenue

recognized related to the redemption of Reward Credits. We periodically reassess our customer behaviors and revise our expectations as deemed necessary on a prospective basis.

Complimentaries

As part of our normal business operations, we often provide lodging, transportation, food and beverage, entertainment, free play and other goods and services to our customers at no additional charge. Alternatively, Reward Credits can be redeemed for these services. Both are considered complimentaries. Such complimentaries are provided in conjunction with other revenue‑earning activities and are generally provided to encourage additional customer spending on those activities. Accordingly, we allocate a portion of the transaction price we receive from such customers to the complimentary goods and services. We perform this allocation based on the SSP of the underlying goods and services, which is determined based upon the weighted-average cash sales prices received for similar services at similar points during the year.

Receivables and Contract Liabilities

We issue credit to approved casino customers following investigations of creditworthiness. Business or economic conditions or other significant events could affect the collectibility of these receivables. Accounts receivable are non-interest bearing and are initially recorded at cost.

Marker play represents a significant portion of our overall table games volume. We maintain strict controls over the issuance of markers and aggressively pursue collection from those customers who fail to pay their marker balances timely. These collection efforts include the mailing of statements and delinquency notices, personal contacts, the use of outside collection agencies and civil litigation. Markers are generally legally enforceable instruments in the United States. Markers are not legally enforceable instruments in some foreign countries, but the United States assets of foreign customers may be reached to satisfy judgments entered in the United States. We consider the likelihood and difficulty of enforceability, among other factors, when we issue credit to customers who are not residents of the United States.

Accounts are written off when management deems the account to be uncollectible. Recoveries of accounts previously written off are recorded when received. We reserve an estimated amount for gaming receivables that may not be collected to reduce the Company’s receivables to their net carrying amount. Methodologies for estimating the allowance for doubtful accounts range from specific reserves to various percentages applied to aged receivables. Historical collection rates are considered, as are customer relationships, in determining specific reserves. As with many estimates, management must make judgments about potential actions by third parties in establishing and evaluating our reserves for allowance for doubtful accounts. Receivables are reported net of the allowance for doubtful accounts.

Receivables

	As of December 31,
(In millions)	2018		2017		2016
Casino	$	188	$	173	$	75
Food and beverage and rooms	62		59		46
Entertainment and other	77		79		26
Contract receivables, net	327		311		147
Other	130		183		20
Receivables, net	$	457	$	494	$	167

Allowance for Doubtful Accounts

(In millions)	Contracts			Other			Total
Balance as of January 1, 2016	$	35		$	13		$	48
Provision for doubtful accounts	11			—			11
Write-offs less recoveries	(25		)	7			(18		)
Balance as of December 31, 2016	21			20			41
Provision for doubtful accounts	9			(1		)	8
Write-offs less recoveries	14			(32		)	(18		)
OpCo consolidation ⁽¹⁾	—			20			20
Balance as of December 31, 2017	44			7			51
Provision for doubtful accounts	17			4			21
Write-offs less recoveries	(18		)	(7		)	(25		)
Balance as of December 31, 2018	$	43		$	4		$	47

____________________


⁽¹⁾	See Note 4 for further details relating to the acquisition of OpCo.

Contract Liabilities

(In millions)	Caesars Rewards			Customer Advances			Total
Balance as of January 1, 2017	$	—		$	63		$	63
Amount recognized from the beginning balance	—			(56		)	(56		)
Amount earned and recognized within the period	(19		)	34			15
OpCo consolidation ⁽¹⁾	81			28			109
Balance as of December 31, 2017 ⁽²⁾	62			69			131
Amount recognized during the period ⁽³⁾	(144		)	(440		)	(584		)
Amount accrued during the period	148			454			602
Balance as of December 31, 2018 ⁽⁴⁾	$	66		$	83		$	149

____________________


⁽¹⁾	See Note 4 for further details relating to the acquisition of OpCo.


⁽²⁾	$2 million included within Deferred credits and other liabilities as of December 31, 2017.


⁽³⁾	Includes $35 million for Caesars Rewards and $62 million for Customer Advances recognized from the December 31, 2017 Contract liability balances.


⁽⁴⁾	$5 million included within Deferred credits and other liabilities as of December 31, 2018.

Generally, customer advances and their corresponding performance obligations are satisfied within 12 months of the date of receipt of advanced payment. While Rewards Credits are generally redeemed by customers over a four-year period from when they were earned, of the total Reward Credits expected to be redeemed, approximately 90% are redeemed within one year and approximately 10% are redeemed beyond one year.

Stock-Based Compensation (Notes)

12 Months Ended

Dec. 31, 2018

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Disclosure of Compensation Related Costs, Share-based Payments [Text Block]

Stock-Based Compensation

Caesars Entertainment Stock-Based Compensation Plans

We maintain long-term incentive plans for management, other personnel, and key service providers. The plans allow for granting stock-based compensation awards, based on CEC common stock (NASDAQ symbol “CZR”), including time-based and performance-based stock options, restricted stock units (“RSUs”), performance stock units (“PSUs”), restricted stock awards, stock grants, or a combination of awards. Forfeitures are recognized in the period in which they occur.

Prior Performance Incentive Plans

Prior performance incentive plans include the Caesars Interactive Entertainment, Inc. Amended and Restated Management Equity Incentive Plan and the Caesars Acquisition Company 2014 Performance Incentive Plan. No awards issued under these plans are outstanding as of December 31, 2018 and 2017, as a result of the sale of Caesars Interactive Entertainment’s (“CIE”) social and mobile games business (the “SMG Business”) as described in Note 19 and the CAC Merger described in Note 1.

In July 2017, we adopted the Caesars Entertainment Corporation 2017 Performance Incentive Plan, (the “2017 Incentive Plan”) upon approval of the Company’s stockholders and, upon adoption, awards are no longer granted under the Caesars Entertainment Corporation 2012 Performance Incentive Plan, as amended, (the “2012 Incentive Plan”). As of December 31, 2018, there were approximately 8 million options outstanding under the 2012 Incentive Plan, which will expire between years 2022 and 2025. As of December 31, 2018, there were approximately 2 million RSUs outstanding under the 2012 Incentive Plan.

2017 Performance Incentive Plan

The 2017 Incentive Plan allows for the granting of equity based awards for directors, employees, officers and consultants or advisers who render services to Caesars Entertainment or its subsidiaries. Under the 2017 Incentive Plan, a total of 25 million shares of our common stock have been authorized for issuance. No options have been granted under the 2017 plan. RSUs granted under the 2017 Incentive Plan generally vest ratably over four years. PSUs vest over three years. The number of unissued common shares reserved for future grants under the plan is 9 million as of December 31, 2018.

Caesars Entertainment Stock Option Activity

	Shares		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (years)	Aggregate Intrinsic Value (in millions)
Outstanding as of December 31, 2017	9,227,890		$	10.36	3.9	$	35
Exercised	(746,332	)	7.58
Forfeited	(46,519	)	8.64
Expired	(74,674	)	9.97
Outstanding as of December 31, 2018	8,360,365		10.63		2.8	—
Vested and expected to vest as of December 31, 2018	8,360,365		10.63		2.8	—
Exercisable as of December 31, 2018	7,338,503		9.12		2.7	—

Caesars Entertainment Stock Option Exercises

	Years Ended December 31,
(Dollars in millions)	2018		2017		2016
Option Exercises:
Number of options exercised	746,332		1,249,640		11,101
Cash received for options exercised⁽¹⁾	$	6	$	8	$	—
Aggregate intrinsic value of options exercised⁽¹⁾	$	3	$	7	$	—

____________________


⁽¹⁾	2016 amounts are immaterial.

Caesars Entertainment Restricted Stock Unit Activity

During the year ended December 31, 2018, we granted RSUs to employees of Caesars Entertainment with an aggregate fair value of $46 million. Each RSU represents the right to receive payment in respect of one share of the Caesars Entertainment’s common stock. The following table summarizes the activity of Caesars Entertainment’s RSUs during the year ended December 31, 2018.



	Units		Weighted Average Fair Value ⁽¹⁾
Outstanding as of December 31, 2017	17,274,659		$	11.22
Granted	4,177,558		10.93
Vested	(6,550,480	)	10.36
Forfeited	(1,446,645	)	11.59
Outstanding as of December 31, 2018	13,455,092		11.51

____________________


⁽¹⁾	Represents the weighted average grant date fair value of RSUs, which is the share price of our common stock on the grant date.

The fair value of RSUs vested during the years ended December 31, 2018, 2017, and 2016, was $72 million, $29 million, and $23 million, respectively.

Caesars Entertainment Performance Stock Unit Activity

In April 2018, the Company granted approximately 1.6 million PSUs that are scheduled to vest in three equal tranches over a three-year period. On each vesting date, recipients will receive between 0% and 200% of the granted PSUs in the form of CEC common stock based on the achievement of specified performance service conditions. Based on the terms and conditions of the awards, the fair value of the PSUs was initially set equal to the quoted market price of our common stock on the date of grant. The grant date fair value is reassessed at each reporting date to reflect the market price of our common stock until a mutual understanding of the key terms and conditions of the awards between the Company and recipient is achieved. The following table summarizes the activity of Caesars Entertainment’s PSUs during the year ended December 31, 2018.



	Units		Weighted Average Fair Value ⁽¹⁾
Outstanding as of December 31, 2017	—		$	—
Granted	1,569,801		10.78
Forfeited	(103,618	)	10.80
Outstanding as of December 31, 2018	1,466,183		6.79

____________________


⁽¹⁾	Grant date fair value, for which compensation expense of these awards is measured, has not been achieved. This represents the quoted market price of our common stock on the dates indicated.

Unrecognized Compensation Cost

As of December 31, 2018, there was $126 million of total unrecognized compensation cost related to Caesars Entertainment stock-based compensation plans, which is expected to be recognized over a remaining weighted-average period of 2.4 years.

CIE Stock-Based Compensation Plan

Historically, CIE granted stock-based compensation awards in CIE common stock to its employees, directors, service providers and consultants in accordance with the Caesars Interactive Entertainment, Inc. Amended and Restated Management Equity Incentive Plan. These awards were classified as liability-based instruments and were re-measured at their fair value at each reporting date.

As described in Note 19, in September 2016, CIE sold its SMG Business, which represented the majority of CIE’s operations, and the SMG Business has been presented as discontinued operations. Upon the closing of the SMG Business sale, all outstanding CIE stock-based compensation awards were deemed fully vested and were subsequently paid in cash in connection with the closing of the SMG Business sale. The portion of CIE’s stock-based compensation expense directly identifiable with employees of the SMG Business was reclassified to discontinued operations for all periods presented in the Statements of Operations. The portion of CIE’s stock-based compensation expense not directly identifiable with employees of the SMG Business was included in Property, general, administrative, and other in the Statements of Operations.

CIE Stock Option Grants and Exercises

(Dollars in millions, except per share data)	Year Ended December 31, 2016
Options Granted:
Number of options granted during period	377
Weighted average grant-date fair value per share ⁽¹⁾	$	5,404.93
Weighted average exercise price per share	$	19,166.18

Option Exercises:
Number of options exercised	909
Cash received for options exercised	$	2
Aggregate intrinsic value of options exercised	$	13

____________________


⁽¹⁾	Represents the weighted-average grant date fair value per option, using the Monte Carlo simulation option-pricing model for performance-based options, and the Black-Scholes option-pricing model for time-based options.

Assumptions Used to Estimate CIE Option Value

	Year Ended December 31, 2016
Expected range of volatility	40.5% - 44.6%
Expected dividend yield	—	%
Expected range of term (in years)	0.8 - 4.2
Risk-free interest rate range	0.5% - 1.2%

Composition of Stock-Based Compensation Expense (All Plans)

	Years Ended December 31,
(In millions)	2018		2017		2016 ⁽¹⁾
Corporate expense	$	60	$	36	$	37
Property, general, administrative, and other	19		7		195
Total stock-based compensation expense	$	79	$	43	$	232

____________________

⁽¹⁾

Includes $189M related to CIE stock-based compensation expense for the year ended December 31, 2016.

Employee Benefit Plans (Notes)

12 Months Ended

Dec. 31, 2018

Employee Benefit Plans

Deferred Compensation and Employee Benefit Plans

Deferred Compensation

On December 6, 2018, we adopted the Caesars Entertainment Corporation Executive Supplemental Savings Plan III and the Caesars Entertainment Corporation Outside Director Deferred Compensation Plan, effective January 1, 2019. These plans are unfunded, nonqualified deferred compensation plans. Payment obligations pursuant to the plans are unsecured general obligations of the Company and affiliates of the Company employing participants in the ESSP III. There is no liability as of December 31, 2018.

Deferred Compensation Plans

As of December 31, 2018, certain current and former employees of Caesars, and our subsidiaries and affiliates, have balances under: (i) the Harrah’s Entertainment, Inc. Executive Supplemental Savings Plan, (ii) the Harrah’s Entertainment, Inc. Executive Supplemental Savings Plan II, (iii) the Park Place Entertainment Corporation Executive Deferred Compensation Plan, (iv) the Harrah’s Entertainment, Inc. Deferred Compensation Plan, and (v) the Harrah’s Entertainment, Inc. Executive Deferred Compensation Plan (collectively, the “existing deferred compensation plans”). These plans are deferred compensation plans that allow certain employees an opportunity to save for retirement and other purposes.

Each of the plans is now frozen and is no longer accepting contributions. However, participants may still earn returns on existing plan balances based upon their selected investment alternatives, which are reflected in their deferral accounts. The total liability

recorded in Deferred credits and other liabilities for these plans was $53 million and $63 million as of December 31, 2018 and 2017, respectively.

Trust Assets

CEC is a party to a trust agreement (the “Trust Agreement”) and an escrow agreement related to a settlement agreement where CEC assumed all obligations to CEOC plan participants under or with respect to all five of the existing deferred compensation plans contemporaneously with the Effective Date (the “Escrow Agreement”), each structured as so-called “rabbi trust” arrangements, which holds assets that may be used to satisfy obligations under the existing deferred compensation plans above. Amounts held pursuant to the Trust Agreement and the Escrow Agreement were approximately $99 million and $125 million as of December 31, 2018 and 2017, respectively, and have been reflected within Deferred charges and other assets on the Balance Sheets.

Savings and Retirement Plan

We maintain a defined contribution savings and retirement plan that allows employees to make pre-tax and after-tax contributions. Under the plan, participating employees may elect to contribute up to 50% of their eligible earnings (subject to Internal Revenue Service (“IRS”) rules and regulations). Participating employees become vested in matching contributions on a pro-rata basis over five years of credited service. Prior to January 1, 2018, participating employees were eligible to receive a company match of 50% up to 6% of eligible earnings that the individual elected to contribute with an individual cap of $600. During 2018, the company match was the greater of 25% up to 6% of earnings that the individual elected to contribute with no cap or 50% up to 6% of eligible earnings that the individual elected to contribute with an individual cap of $600. Beginning January 1, 2019, the match increases to 50% up to 6% of eligible earnings that the individual elects to contribute with no individual cap (subject to further limitations for certain higher-salaried employees). Our contribution expense for this plan was $14 million, $7 million, and $6 million for the years ended December 31, 2018, 2017, and 2016, respectively.

Pension Commitments

We have a defined benefit plan for employees of our London Clubs International subsidiary that provides benefits based on final pensionable salary. The plan is no longer accepting participants or employee contributions. The assets of the plan are held in a separate trustee-administered fund, and death-in-service benefits, professional fees, and other expenses are paid by the pension plan. Annual contributions are made as required. We account for this plan under the immediate recognition method, under which actuarial gains and losses are recognized in our Statements of Operations in the year in which the gains and losses occur rather than deferring them into Other comprehensive income/(loss) and amortizing them over future periods. Any such amounts are recorded in the fourth quarter of each year, and during 2018 and 2017, we recognized a gain of $19 million and a loss of $1 million, respectively. These amounts do not reflect current compensation costs and are recorded outside of Income from operations, within Other income/(loss) on our Statements of Operations.

As of December 31, 2018 and 2017, total plan assets were $180 million and $212 million, respectively, with projected benefit obligations totaling $217 million and $278 million, respectively, resulting in a net pension liability of $37 million and $66 million, respectively, which is recorded within Deferred credits and other liabilities on our Balance Sheets. As of December 31, 2018, our estimated long-term expected return on assets for this plan is 4.9% with a 2.9% discount rate. For the year ended December 31, 2018, we contributed $6 million to the plan, which we expect to remain consistent annually.

Multi-employer Pension Plans

The Company contributes to a number of multi-employer defined benefit pension plans under the terms of collective-bargaining agreements that cover its union-represented employees. The risks of participating in these multi-employer plans are different from a single-employer plan in the following respects:


i.	Assets contributed to the multi-employer plan by one employer may be used to provide benefits to employees of other participating employers.


ii.	If a participating employer stops contributing to the plan, the unfunded obligations of the plan may be borne by the remaining participating employers.


iii.	If the Company chooses to stop participating in some of its multi-employer plans, the Company may be required to pay those plans an amount based on the underfunding of the plan, referred to as a “withdrawal liability.”

Multi-employer Pension Plan Participation

Pension Protection Act Zone Status ⁽¹⁾

Contributions

(In millions) ⁽²⁾

Pension Fund

EIN/Pension Plan Number

2018

2017

FIP/RP Status ⁽³⁾

2018

2017

2016

Surcharge Imposed

Expiration Date of Collective-Bargaining Agreement ⁽⁴⁾

Southern Nevada Culinary and Bartenders Pension Plan⁽⁵⁾

88-6016617/001

Green

May 31, 2023

Legacy Plan of the National Retirement Fund ⁽⁵⁾⁽⁶⁾

13-6130178/001

N/A

Red

N/A

—

N/A

Legacy Plan of the UNITE HERE Retirement Fund ⁽⁶⁾

82-0994119/001

Red

N/A

Yes

—

February 29, 2020

Central Pension Fund of the IUOE & Participating Employers ⁽⁷⁾

36-6052390/001

Green

March 31, 2021

Western Conference of Teamsters Pension Plan

91-6145047/001

Green

Various up to March 31, 2023

Local 68 Engineers Union Pension Plan^(5)(8)(9)

51-0176618/001

Yellow

—

April 30, 2020

NJ Carpenters Pension Fund

22-6174423/001

Yellow

Yes

—

April 30, 2020

Painters IUPAT

52-6073909/001

Yellow

Yes

Various up to June 30, 2021

Other Funds

Total Contributions

____________________

⁽¹⁾

Represents the Pension Protection Act zone status for applicable plan year beginning January 1, except where noted otherwise. The zone status is based on information that the Company received from the plan administrator and is certified by the plan’s actuary. Among other factors, plans in the red zone are generally less than 65% funded, plans in the yellow zone are between 65% and less than 80% funded, and plans in the green zone are at least 80% funded. All plans detailed in the table above utilized extended amortization provisions to calculate zone status.


⁽²⁾	Comparability to periods prior to the Effective Date are impacted by the consolidation of CEOC LLC in 2017.


⁽³⁾	Indicates plans for which a financial improvement plan (“FIP”) or a rehabilitation plan (“RP”) is either pending or has been implemented.


⁽⁴⁾	The terms of the current agreement continue indefinitely until either party provides appropriate notice of intent to terminate the contract.


⁽⁵⁾	Employer provided more than 5% of the total contributions for the plan years ended 2017 and 2016. As of the date the financial statements were issued, Forms 5500 were not available for the 2018 plan year.

⁽⁶⁾

Effective January 1, 2018, the Legacy Plan of the National Retirement Fund (“NRF”) spun-off a portion of the plan into the newly created Legacy Plan of the UNITE HERE Retirement Fund (“HERE Plan”). CEC contributes to the HERE Plan and we expect to provide more than 5% of the total contributions for the plan year ended 2018, but the Form 5500 is not yet available. CEC no longer contributes to the NRF.


⁽⁷⁾	Plan years begin February 1.


⁽⁸⁾	Plan years begin July 1.


⁽⁹⁾	The Plan has yet to provide an FIP. FIP status is not considered pending or implemented.

In 2017, we reached an agreement with Hilton Hotels Corporation, whereby CEC received $12 million, of which $7 million was recorded in Deferred credits and other liabilities and $5 million was recorded in Accrued expenses and other current liabilities on the Balance Sheet at December 31, 2017, in exchange for assuming responsibility of a 31.75% funding liability of the Hilton Hotels Retirement Plan. These proceeds have been used to make quarterly contributions, of which $5 million has been contributed for the year ended December 31, 2018. Once the proceeds are depleted, future contributions will be expensed as incurred. $5 million of the remaining proceeds is recorded within Accrued expenses and other liabilities and $2 million is recorded within Deferred credits and other liabilities on our balance sheet as of December 31, 2018.

Income Taxes (Notes)

12 Months Ended

Dec. 31, 2018

Income Taxes

The effect on the income tax provision and deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. We have provided a valuation allowance on certain foreign and state NOLs, and other federal, state, and foreign deferred tax assets. NOLs and other federal, state, and foreign deferred tax assets were not deemed realizable based upon the Company’s recent history of taxable losses.

On December 22, 2017, the U.S. government enacted comprehensive tax legislation commonly referred to as the Tax Cuts and Jobs Act (the “Tax Act”). The Tax Act makes broad and complex changes to the U.S. tax code that affected our year ended

December 31, 2017, including, but not limited to (i) reducing the U.S. federal corporate tax rate, (ii) changing rules related to uses and limitations of net operating loss carryforwards created in tax years beginning after December 31, 2017, (iii) bonus depreciation that will allow for full expensing of qualified property, (iv) generally eliminating U.S. federal income taxes on dividends from foreign subsidiaries, and (v) a one-time transition tax on the mandatory deemed repatriation of cumulative foreign earnings accumulated post 1986 through 2017 that were previously deferred from U.S. income taxes.

The SEC staff issued Staff Accounting Bulletin No. 118 (“SAB 118”), which provides guidance for the accounting of the effects of the Tax Act. SAB 118 provides a measurement period that should not be extended past a year from the enactment date for companies to complete the accounting of the Tax Act under ASC Topic 740, Income Taxes (“ASC 740”). Companies that do not complete the accounting under ASC 740 for the tax effects of the Tax Act must record a provisional estimate of the tax effects of the Tax Act. If a provisional estimate cannot be determined, a company should continue to apply ASC 740 based on the tax laws in effect immediately before the enactment of the Tax Act.

As of December 31, 2018, the Company has completed the accounting for the tax effects of the Tax Act. During the year ended December 31, 2017, the Company made a reasonable estimate of the effects on the existing deferred tax balances and accrued a provisional income tax benefit of approximately $1.2 billion in the period ended December 31, 2017. The amount of the estimated income tax benefit was (i) $797 million related to the net deferred tax benefit of the corporate rate reduction and (ii) $442 million related to the net deferred tax benefit of deferred tax assets which were realizable due to the changing rules related to uses and limitations of net operating loss carryforwards created in tax years beginning after December 31, 2017. During the year ended December 31, 2018, the Company revised its estimate of the effects on the existing deferred tax balances as of December 31, 2017, and accrued an additional provisional income tax benefit of $82 million. The total amount of the revised estimated income tax benefit is (i) $710 million related to the net deferred tax benefit of the corporate rate reduction, (ii) $569 million related to the net deferred tax benefit of deferred tax assets, which are now realizable due to the changing rules related to uses and limitations of net operating loss carryforwards created in tax years beginning after December 31, 2017, and (iii) $42 million relating to the net deferred tax benefit of state deferred tax assets, which are now realizable due to the changing rules related to interest expense disallowance for those states which conform to the Tax Act.

The Tax Act also includes provisions for Global Intangible Low-Taxed Income (“GILTI”), which imposes taxes on foreign income in excess of a deemed return on tangible assets of foreign corporations. Companies are allowed to make an accounting policy election of either (i) account for GILTI as a component of income tax expense in the period in which the Company is subject to the rules (the “period cost method”), or (ii) account for GILTI in the Company’s measurement of deferred taxes (the “deferred method”). The Company has elected the period cost method.

Effective January 1, 2018, we adopted ASU 2016-16, Income Taxes (Topic 740), which provides amended guidance regarding intra-entity transfers of assets other than inventory and requires the recognition of any related income tax consequences when such transfers occur.

We file income tax returns, including returns for our subsidiaries, with federal, state, and foreign jurisdictions. We are under regular and recurring audit by the IRS and various state taxing authorities on open tax positions, and it is possible that the amount of the liability for unrecognized tax benefits could change during the next 12 months.

Components of Income/(Loss) Before Income Taxes from Continuing Operations

	Years Ended December 31,
(In millions)	2018			2017			2016
United States	$	205		$	(2,374	)	$	(6,129	)
Outside of the U.S.	(22		)	4			(2		)
	$	183		$	(2,370	)	$	(6,131	)

Income Tax Benefit/(Provision)

	Years Ended December 31,
(In millions)	2018			2017			2016
United States
Current
Federal	$	(9	)	$	148		$	(381	)
State	(1		)	(7		)	(3		)
Deferred
Federal	170			1,835			46
State	(39		)	23			10
Outside of the U.S.
Current	(9		)	(4		)	1
Deferred	9			—			—
	$	121		$	1,995		$	(327	)

Allocation of Income Tax Benefit/(Provision)

	Years Ended December 31,
(In millions)	2018		2017		2016
Income tax benefit/(provision) applicable to:
Income/(loss) from continuing operations	$	121	$	1,995	$	(327	)
Discontinued operations	—		—		(730		)
Other comprehensive income	3		—		—

Effective Income Tax Rate Reconciliation

	Years Ended December 31,
	2018		2017		2016
Statutory tax rate	21.0	%	35.0	%	35.0	%
Increases/(decreases) in tax resulting from:
State taxes, net of federal tax benefit	4.0		5.2		0.1
Valuation allowance	(70.4	)	(17.1	)	(22.9	)
Foreign income taxes	2.3		(0.1	)	—
Deferred tax benefit from changes in federal tax law	(44.7	)	52.1		—
Stock-based compensation	4.7		(0.2	)	(0.8	)
Acquisition of CEOC	—		36.7		—
Reserves for uncertain tax positions	4.4		(4.6	)	(0.1	)
Current tax benefit from change in CGP operating agreement	—		2.4		—
Impairment of goodwill	4.7		—		—
Nondeductible transaction costs	6.6		(25.0	)	(16.8	)
Other	1.3		(0.2	)	0.2
Effective tax rate	(66.1	)%	84.2	%	(5.3	)%

Temporary Differences Resulting in Deferred Tax Assets and Liabilities

	As of December 31,
(In millions)	2018		2017
Deferred tax assets:
State net operating losses	$	420	$	426
Federal net operating loss	485		553
Foreign net operating loss	16		17
Compensation programs	81		97
Allowance for doubtful accounts	41		50
Self-insurance reserves	10		10
Accrued expenses	45		43
Federal tax credits	70		58
Financing obligations	2,445		2,319
Golf course properties’ obligation	35		30
Investment in non-consolidated affiliates	5		—
Other debt-related items	—		78
Deferred revenue	42		46
Leases	66		36
Other	—		14
Subtotal	3,761		3,777
Less: valuation allowance	1,302		1,513
Total deferred tax assets	2,459		2,264
Deferred tax liabilities:
Depreciation and other property-related items	2,567		2,576
Other debt-related items	95		—
Intangibles	496		221
Prepaid expenses	20		24
Other	1		18
Total deferred tax liabilities	3,179		2,839
Net deferred tax liability	$	720	$	575

Management assesses the available positive and negative evidence to estimate if sufficient future taxable income will be generated to use the existing deferred tax assets. Due to ongoing losses from continuing operations, we project that future reversals of taxable temporary differences are not sufficient to provide adequate taxable income to realize our deferred tax assets. Accordingly, we have a valuation allowance against the federal, state and foreign deferred tax assets that are not projected to be realizable.

As of December 31, 2018 and 2017, we had federal NOL carryforwards of $2.6 billion and $2.9 billion, respectively. These NOLs will begin to expire in 2030. In addition, we had federal general business tax credits and research tax credit carryforwards of $72 million, which will begin to expire in 2029.

NOL carryforwards for our domestic subsidiaries for state income taxes were $9.0 billion and $8.9 billion as of December 31, 2018 and 2017, respectively. Due to the Company’s recent history of taxable losses, it is more likely than not that the benefit from certain state NOL carryforwards will not be realized. Accordingly, we have provided a valuation allowance on the deferred tax assets relating to these NOL carryforwards which will not more likely than not be realized. These state NOLs will begin to expire in 2019.

NOL carryforwards for our foreign subsidiaries were $91 million and $95 million as of December 31, 2018 and 2017, respectively. Due to the Company’s recent history of taxable losses, it is more likely than not that the benefit from certain foreign NOL carryforwards will not be realized. Accordingly, we have provided a valuation allowance on the deferred tax assets relating to these NOL carryforwards which will not more likely than not be realized. These foreign NOLs do not expire.

At December 31, 2018 and 2017, deferred income taxes have not been provided for basis differences in certain investments, primarily as a result of $38 million of unremitted earnings in foreign subsidiaries which are indefinitely reinvested. Should these

earnings be distributed in the future in the form of dividends or otherwise, we would be subject to withholding taxes payable to various jurisdictions which would not be significant.

Reconciliation of Unrecognized Tax Benefits

	Years Ended December 31,
(In millions)	2018			2017			2016
Balance as of beginning of year	$	162		$	115		$	3
Additions based on tax positions related to the current year	—			113			113
Additions for tax positions of prior years	13			1			—
Reductions for tax positions for prior years	(5		)	(92		)	(1		)
Acquisition of OpCo	—			67			—
Settlements	(1		)	—			—
Effect of changes in federal tax law	—			(42		)	—
Balance as of end of year	$	169		$	162		$	115

We classify reserves for tax uncertainties within Accrued expenses and other current liabilities and Deferred credits and other liabilities in our Balance Sheets, 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 as well as potential interest or penalties associated with those liabilities.

We accrue interest and penalties related to unrecognized tax benefits in income tax expense. During 2018, we increased our accrual by $2 million. During 2017, we increased our accrual by $2 million (including the interest from OpCo unrecognized tax benefits acquired in 2017), and during 2016, we increased our accrual by $3 million. There was an accrual for the payment of interest and penalties of $8 million, $5 million, and $3 million as of December 31, 2018, 2017, and 2016, respectively. Included in the balances of unrecognized tax benefits as of December 31, 2018 and 2017 was approximately $145 million and $78 million, respectively, of unrecognized tax benefits that, if recognized, would impact the effective tax rate. There were $17 million unrecognized tax benefits as of December 31, 2016 that, if recognized, would impact the effective tax rate.

We file income tax returns, including returns for our subsidiaries, with federal, state, and foreign jurisdictions. We are subject to exam by various state and foreign tax authorities. As of December 31, 2018, the tax years prior to 2015 are not subject to examination for U.S. tax purposes. As of December 31, 2018, the tax years prior to 2014 are no longer subject to examination for most of the foreign and state income tax jurisdictions as the statutes of limitations have lapsed.

We believe that it is reasonably possible that the unrecognized tax benefits liability will not materially change within the next 12 months. Audit outcomes and the timing of audit settlements are subject to significant uncertainty. Although we believe that adequate provision has been made for such issues, there is the possibility that the ultimate resolution of such issues could have an adverse effect on our earnings. Conversely, if these issues are resolved favorably in the future, the related provision would be reduced, thus having a favorable impact on earnings.

Discontinued Operations

12 Months Ended

Dec. 31, 2018

Acquisitions and Discontinued Operations

Discontinued Operations

Sale of SMG Business

On September 23, 2016, CIE sold its SMG Business to Alpha Frontier Limited (“Alpha Frontier”) for cash consideration of $4.4 billion, pursuant to the Stock Purchase Agreement dated as of July 30, 2016 (the “Purchase Agreement”), which resulted in a pre-tax gain of approximately $4.2 billion.

In connection with the closing of the sale of the SMG Business, the total amount distributed to the minority investors and former holders of CIE equity awards was approximately $1.1 billion. Approximately $259 million was held as of December 31, 2016 in an escrow account to fund potential indemnity claims of Alpha Frontier under the Purchase Agreement. In the third quarter of 2017, the escrow funds were released to CIE and $63 million was distributed to the minority investors and former holders of CIE equity awards. The majority of the proceeds from the sale of the SMG Business was restricted under the terms of the Purchase Agreement and the CIE Proceeds Agreement and was therefore classified as restricted cash upon receipt until the Effective Date of the CAC Merger when the proceeds were no longer restricted and became available for use by CEC.

As a result of the sale, the results of operations and cash flows related to the SMG Business were classified as discontinued operations for all periods presented effective beginning in the third quarter of 2016.

Effect on Statements of Operations of Discontinued Operations

(In millions)	Year Ended December 31, 2016
Net revenues	$	678
Operating expenses ⁽¹⁾	748
Gain from discontinued operations	4,180
Pre-tax income from discontinued operations	4,110
Income from discontinued operations, net of income taxes	3,380

____________________

⁽¹⁾

Operating expenses primarily consist of platform fees and property, general, administrative, and other expenses, including stock-based compensation expense directly identifiable with employees of the SMG Business of $264 million.

Related Party Transactions (Notes)

12 Months Ended

Dec. 31, 2018

Related Party Transactions



	Years Ended December 31,
(In millions)	2018		2017		2016
Transactions with Sponsors and their affiliates
Reimbursements and expenses	$	—	$	34	$	6
Expenses paid to Sponsors’ portfolio companies	—		3		2
Transactions with Horseshoe Baltimore
Management fees	10		3		—
Reimbursements and allocated expenses	5		16		—
Transactions with CEOC
Shared services allocated expenses to CEOC	—		312		368
Shared services allocated expenses from CEOC	—		71		148
Management fees incurred	—		33		45
Octavius Tower lease revenue	—		26		35
Other expenses incurred	—		9		14

Transactions with Sponsors and their Affiliates

The members of Hamlet Holdings LLC are comprised of individuals affiliated with Apollo Global Management, LLC and affiliates of TPG Capital LP (collectively, the “Sponsors”) and own CEC common stock. On the Effective Date, we entered into a “Termination Agreement” with the Sponsors and their affiliates, pursuant to which certain agreements terminated. We reimbursed $34 million to the Sponsors on the Effective Date, included in the table above, related to CEOC’s pre-emergence expenses that were paid by the Sponsors. Due to reductions in ownership percentage of the Company starting on the Effective Date, we are no longer controlled or significantly influenced by the Sponsors. Amounts paid prior to the Effective Date to the Sponsors’ portfolio companies with which we engage in transactions are included in the table above. We believe such transactions were conducted at fair value.

Transactions with Horseshoe Baltimore

As described in Note 2, upon our deconsolidation of Horseshoe Baltimore effective August 31, 2017, Horseshoe Baltimore, which remains 41% owned by us, is now held as an equity method investment and considered to be a related party. These related party transactions include items such as casino management fees, reimbursement of various costs incurred by CEOC LLC on behalf of Horseshoe Baltimore, and the allocation of other general corporate expenses. A summary of the transactions with Horseshoe Baltimore subsequent to the deconsolidation is provided in the table above.

Transactions with CEOC

As described in Note 1, upon its filing for reorganization under Chapter 11 of the Bankruptcy Code and its subsequent deconsolidation, transactions with CEOC were no longer eliminated in consolidation and were considered related party transactions

for Caesars. A summary of these transactions is provided in the table above. However, subsequent to CEOC’s emergence on the Effective Date, CEOC’s successor, OpCo immediately merged with and into CEOC LLC, which is a wholly owned subsidiary of CEC, and therefore will no longer be treated as a related party going forward. The following activities, to the extent that they continued subsequent to the Effective Date, are eliminated in consolidation from that point forward.

CEOC Shared Services Agreement

Pursuant to a shared services agreement, CEOC provided Caesars with certain corporate and administrative services, and the costs of these services were allocated to Caesars. Certain services are now provided by Caesars Enterprise Services, LLC (“CES”).

Prior to the deconsolidation of CEOC, we were self-insured for employee medical (health, dental, and vision) and risk products, including workers compensation and surety bonds, and our insurance claims and reserves included accruals of estimated settlements for known claims, as well as accruals of actuarial estimates of incurred but not reported claims.

Caesars Entertainment provided insurance coverage to CEOC and received insurance premiums on an installment basis, which were intended to cover claims processed on CEOC’s behalf. We prepaid CEOC for estimated employee medical insurance claims.

Services Joint Venture

CES provides certain corporate and administrative services to its members, and the costs of these services are allocated among the members. CES allocates costs including amounts for insurance coverage.

Management Fees

CGP paid a management fee to CEOC for the CGP properties that were managed by CEOC or CES.

Octavius Tower Lease Agreement

Under the prior Octavius Tower lease arrangement, VICI leased the Octavius Tower from the Company, and CEOC LLC and its applicable subsidiaries then sub-leased the Octavius Tower from VICI pursuant to the CEOC LLC Lease Agreement relating to Caesars Palace. On July 11, 2018, the real estate assets of the Octavius Tower were sold by the Company to VICI. CEOC LLC and its applicable subsidiaries continue to lease the Octavius Tower under the CEOC LLC Lease Agreement for Caesars Palace.

LINQ Access and Parking Easement Lease Agreement

Under the LINQ Access and Parking Easement lease agreement, subsidiaries of CEOC granted easements for access and parking behind The LINQ Promenade and The LINQ Hotel & Casino to Caesars Entertainment Resort Properties, LLC (“CERP”) and CGP and certain of their subsidiaries. Together, CERP and CGP paid approximately $2 million annually. Amounts are included within Other expenses incurred in the table above. The parking lot was sold to VICI upon CEOC’s emergence from bankruptcy, at which time, the easement payment obligation ceased. The access and parking behind The LINQ Promenade and The LINQ Hotel & Casino was partially repurchased by CRC as part of the purchase of approximately 18 acres of land adjacent to the Harrah’s Las Vegas property with the other portion still owned by VICI.

Service Provider Fee

CEOC, CERP and CGP had a shared services agreement under which CERP and CGP paid for certain indirect corporate support costs. Amounts are included within Other expenses incurred in the table above.

Cross Marketing and Trademark License Agreement

CIE and CEOC have a Cross Marketing and Trademark License Agreement. The agreement granted CIE the exclusive right to use various brands of Caesars Entertainment in connection with social and mobile games and online real money gaming in exchange for a 3% royalty. This agreement also provides for cross marketing and promotional activities between CIE and CEOC, including participation by CIE in our Caesars Rewards customer loyalty program. CEOC also received a revenue share from CIE for customer referrals. Amounts are included within Other expenses incurred in the table above.

Equity Incentive Awards

Caesars maintains an equity incentive awards plan under which CEC issued time-based and performance-based stock options, restricted stock units and restricted stock awards to CEOC employees. Although awards under the plan resulted in the issuance of

shares of CEC common stock, because CEOC was no longer a consolidated subsidiary of CEC, we accounted for these awards as nonemployee awards subsequent to the date of deconsolidation.

Employee Benefit Plans

CEC maintains a defined contribution savings and retirement plan in which eligible employees of specified CEC subsidiaries may participate. The plan provides for, among other things, pre-tax, Roth and after-tax contributions by employees. The plan also provides for employer matching contributions. Under the plan, participating employees may elect to contribute a percentage of their eligible earnings (subject to certain IRS and plan limits). See Note 17 for more information on the savings and retirement plan. In addition, employees subject to certain collective bargaining agreements receive benefits through the multi-employer retirement plans sponsored by the organization in which they are a member. The expenses related to contributions for a participant in the CEC plan or a multi-employer plan are allocated to the properties at which the participant is employed.

Caesars Rewards Loyalty Program

Until the Effective Date, the total estimated cost for Caesars Rewards was accrued by CEOC; on the Effective Date, administration of Caesars Rewards is managed by CEC.

Due from/to Affiliates

Amounts due from or to affiliates for each counterparty represent the net receivable or payable as of the end of the reporting period primarily resulting from the transactions described above and are settled on a net basis by each counterparty in accordance with the legal and contractual restrictions governing transactions by and among Caesars’ consolidated entities.

As of December 31, 2018 and December 31, 2017, Due from affiliates, net was $6 million and $11 million, respectively, and represented transactions with Horseshoe Baltimore.

Segment Reporting (Notes)

12 Months Ended

Dec. 31, 2018

Segment Reporting Disclosure [Text Block]

Segment Reporting

We view each property as an operating segment and aggregate such properties into three regionally-focused reportable segments: (i) Las Vegas, (ii) Other U.S. and (iii) All Other, which is consistent with how we manage the business. These segments include the following properties:



Las Vegas	Other U.S.	All Other
Bally's Las Vegas	Bally's Atlantic City ⁽²⁾	Managed Properties ⁽²⁾	Other
Caesars Palace Las Vegas ⁽²⁾	Bluegrass Downs	Caesars Dubai	Caesars Interactive Entertainment
The Cromwell	Caesars Atlantic City ⁽²⁾	Caesars Windsor
Flamingo Las Vegas	Harrah's Atlantic City	Harrah's Ak-Chin
Harrah's Las Vegas	Harrah's Council Bluffs ⁽²⁾	Harrah's Cherokee
The LINQ Hotel & Casino	Harrah's Gulf Coast ⁽²⁾	Harrah's Cherokee Valley River
The LINQ Promenade	Harrah's Joliet ⁽²⁾	Harrah's Resort Southern California
Paris Las Vegas	Harrah's Lake Tahoe ⁽²⁾	Horseshoe Baltimore ⁽¹⁾
Planet Hollywood Resort & Casino	Harrah's Laughlin ⁽²⁾	Kings & Queens Casino
Rio All-Suites Hotel & Casino	Harrah's Louisiana Downs ⁽²⁾
	Harrah's Metropolis ⁽²⁾	International ⁽²⁾
	Harrah's New Orleans	Alea Glasgow
	Harrah's North Kansas City ⁽²⁾	Alea Nottingham
	Harrah's Philadelphia ⁽²⁾	Caesars Cairo
	Harrah's Reno ⁽²⁾	Emerald Casino Resort
	Harveys Lake Tahoe ⁽²⁾	The Empire Casino
	Hoosier Park	Manchester235
	Horseshoe Bossier City ⁽²⁾	Playboy Club London
	Horseshoe Council Bluffs ⁽²⁾	Ramses Casino
	Horseshoe Hammond ⁽²⁾	Rendezvous Brighton
	Horseshoe Southern Indiana ⁽²⁾	Rendezvous Southend-on-Sea
	Horseshoe Tunica ⁽²⁾	The Sportsman
	Indiana Grand
	Tunica Roadhouse ⁽²⁾

___________________


⁽¹⁾	As of December 31, 2018, Horseshoe Baltimore was 41% owned, and was deconsolidated and held as an equity-method investment effective August 31, 2017.


⁽²⁾	These properties were not consolidated with CEC prior to the Effective Date with the exception of Horseshoe Baltimore, which was consolidated in the Other U.S. region prior to deconsolidation.

The results of each reportable segment presented below are consistent with the way management assesses these results and allocates resources, which is a consolidated view that adjusts for the effect of certain transactions between reportable segments within Caesars. We recast previously reported segment amounts to conform to the way management assesses results and allocates resources for the current year. Net revenues are presented disaggregated by category for contract revenues separate from other revenues by segment.

“All Other” includes managed, international and other properties as well as parent and other adjustments to reconcile to consolidated Caesars results.

Condensed Statements of Operations - By Segment

	Year Ended December 31, 2018
(In millions)	Las Vegas			Other U.S.			All Other			Elimination			Caesars
Casino	$	1,104		$	2,889		$	254		$	—		$	4,247
Food and beverage	975			571			28			—			1,574
Rooms	1,117			399			3			—			1,519
Management fees	—			—			63			(3		)	60
Reimbursed management costs	—			2			200			—			202
Entertainment and other	411			175			45			(3		)	628
Total contract revenues	3,607			4,036			593			(6		)	8,230
Other	146			11			5			(1		)	161
Net revenues	$	3,753		$	4,047		$	598		$	(7	)	$	8,391

Depreciation and amortization	$	582		$	501		$	62		$	—		$	1,145
Income/(loss) from operations	716			434			(411		)	—			739
Interest expense	(327		)	(556		)	(463		)	—			(1,346		)
Loss on extinguishment of debt	—			—			(1		)	—			(1		)
Other income	3			2			786			—			791
Income tax benefit ⁽¹⁾	—			—			121			—			121



	Year Ended December 31, 2017
(In millions)	Las Vegas			Other U.S.			All Other			Elimination			Caesars
Casino	$	864		$	1,188		$	116		$	—		$	2,168
Food and beverage	700			274			8			—			982
Rooms	872			201			1			—			1,074
Management fees	—			—			15			(3		)	12
Reimbursed management costs	1			1			46			—			48
Entertainment and other	300			84			24			(3		)	405
Total contract revenues	2,737			1,748			210			(6		)	4,689
Other	165			10			5			(1		)	179
Net revenues	$	2,902		$	1,758		$	215		$	(7	)	$	4,868

Depreciation and amortization	$	420		$	186		$	20		$	—		$	626
Income/(loss) from operations	549			199			(211		)	—			537
Interest expense	(65		)	(153		)	(555		)	—			(773		)
Gain on deconsolidation of subsidiary	—			31			—			—			31
Restructuring and support expenses	—			(177		)	(1,851		)	—			(2,028		)
Loss on extinguishment of debt	(4		)	(13		)	(215		)	—			(232		)
Other income	4			1			90			—			95
Income tax benefit ⁽¹⁾	—			2			1,993			—			1,995



	Year Ended December 31, 2016
(In millions)	Las Vegas			Other U.S.			All Other			Elimination		Caesars
Casino	$	765		$	802		$	41		$	—	$	1,608
Food and beverage	630			190			2			—		822
Rooms	800			150			—			—		950
Entertainment and other	257			55			7			—		319
Total contract revenues	2,452			1,197			50			—		3,699
Other	161			12			5			—		178
Net revenues	$	2,613		$	1,209		$	55		$	—	$	3,877

Depreciation and amortization	$	344		$	90		$	5		$	—	$	439
Income/(loss) from operations	526			163			(463		)	—		226
Interest expense	(21		)	(30		)	(548		)	—		(599		)
Restructuring and support expenses	—			—			(5,729		)	—		(5,729		)
Other losses	—			—			(29		)	—		(29		)
Income tax benefit/(provision) ⁽¹⁾	1			—			(328		)	—		(327		)

____________________


⁽¹⁾	Taxes are recorded at the consolidated level and not estimated or recorded to our Las Vegas and Other U.S. segments.

Adjusted EBITDA - by Segment

Adjusted EBITDA is presented as a measure of the Company’s performance. Adjusted EBITDA is defined as revenues less operating expenses and is comprised of net income/(loss) before (i) interest expense, net of interest capitalized and interest income, (ii) income tax (benefit)/provision, (iii) depreciation and amortization, (iv) corporate expenses, and (v) certain items that we do not consider indicative of its ongoing operating performance at an operating property level.

In evaluating Adjusted EBITDA you should be aware that, in the future, we may incur expenses that are the same or similar to some of the adjustments in this presentation. The presentation of Adjusted EBITDA should not be construed as an inference that future results will be unaffected by unusual or unexpected items.

Adjusted EBITDA is a non-GAAP financial measure commonly used in our industry and should not be construed as an alternative to net income/(loss) as an indicator of operating performance or as an alternative to cash flow provided by operating activities as a measure of liquidity (as determined in accordance with GAAP). Adjusted EBITDA may not be comparable to similarly titled measures reported by other companies within the industry. Adjusted EBITDA is included because management uses Adjusted EBITDA to measure performance and allocate resources, and believes that Adjusted EBITDA provides investors with additional information consistent with that used by management.



	Year Ended December 31, 2018
(In millions)	Las Vegas			Other U.S.			All Other			Elimination		Caesars
Net income/(loss) attributable to Caesars	$	392		$	(122	)	$	33		$	—	$	303
Net income/(loss) attributable to noncontrolling interests	—			2			(1		)	—		1
Income tax benefit ⁽¹⁾	—			—			(121		)	—		(121		)
Loss on extinguishment of debt	—			—			1			—		1
Other income ⁽²⁾	(3		)	(2		)	(786		)	—		(791		)
Interest expense	327			556			463			—		1,346
Depreciation and amortization	582			501			62			—		1,145
Impairment of goodwill	—			17			26			—		43
Impairment of tangible and other intangible assets	—			26			9			—		35
Other operating costs ⁽³⁾	52			21			82			—		155
Stock-based compensation expense	8			10			61			—		79
Other items ⁽⁴⁾	4			5			103			—		112
Adjusted EBITDA	$	1,362		$	1,014		$	(68	)	$	—	$	2,308



	Year Ended December 31, 2017
(In millions)	Las Vegas			Other U.S.			All Other			Elimination		Caesars
Net income/(loss) attributable to Caesars	$	484		$	(103	)	$	(749	)	$	—	$	(368	)
Net loss attributable to noncontrolling interests	—			(7		)	—			—		(7		)
Income tax benefit ⁽¹⁾	—			(2		)	(1,993		)	—		(1,995		)
Gain on deconsolidation of subsidiary	—			(31		)	—			—		(31		)
Restructuring and support expenses	—			177			1,851			—		2,028
Loss on extinguishment of debt	4			13			215			—		232
Other income ⁽²⁾	(4		)	(1		)	(90		)	—		(95		)
Interest expense	65			153			555			—		773
Depreciation and amortization	420			186			20			—		626
Other operating costs ⁽³⁾	25			3			37			—		65
Stock-based compensation expense	4			3			36			—		43
Other items ⁽⁴⁾	9			7			74			—		90
Adjusted EBITDA	$	1,007		$	398		$	(44	)	$	—	$	1,361



	Year Ended December 31, 2016
(In millions)	Las Vegas			Other U.S.		All Other			Elimination		Caesars
Net income/(loss) attributable to Caesars	$	506		$	129	$	(3,684	)	$	—	$	(3,049	)
Net income/(loss) attributable to noncontrolling interests	—			4		(33		)	—		(29		)
Discontinued operations, net of income taxes	—			—		(3,380		)	—		(3,380		)
Income tax (benefit)/provision ⁽¹⁾	(1		)	—		328			—		327
Restructuring and support expenses	—			—		5,729			—		5,729
Other losses	—			—		29			—		29
Interest expense	21			30		548			—		599
Depreciation and amortization	344			90		5			—		439
Other operating costs ⁽³⁾	8			—		83			—		91
CIE stock-based compensation	—			—		189			—		189
Stock-based compensation expense	3			2		38			—		43
Other items ⁽⁴⁾	—			4		77			—		81
Adjusted EBITDA	$	881		$	259	$	(71	)	$	—	$	1,069

____________________


⁽¹⁾	Taxes are recorded at the consolidated level and not estimated or recorded to our Las Vegas and Other U.S. segments.


⁽²⁾	Amounts include changes in fair value of the derivative liability related to the conversion option of the CEC Convertible Notes and the disputed claims liability as well as interest and dividend income.

⁽³⁾

Amounts primarily represent costs incurred in connection with development activities and reorganization activities, and/or recoveries associated with such items, including acquisition and integration costs, contract exit fees including exiting the fully bundled sales system of NV Energy for electric service at our Nevada properties, lease termination costs, gains and losses on asset sales, weather related property closure costs, demolition costs primarily at our Las Vegas properties for renovations, and project opening costs.

⁽⁴⁾

Amounts include other add-backs and deductions to arrive at Adjusted EBITDA but not separately identified such as professional and consulting services, sign-on and retention bonuses, business optimization expenses for IT transformation, severance and relocation costs, litigation awards and settlements, permit remediation costs, and costs associated with CEOC’s restructuring and related litigation.

Condensed Balance Sheets - By Segment

	As of December 31, 2018
(In millions)	Las Vegas		Other U.S.		All Other		Elimination			Caesars
Total assets	$	13,987	$	8,565	$	6,046	$	(2,823	)	$	25,775
Total liabilities	5,730		5,143		11,267		297			22,437



	As of December 31, 2017
(In millions)	Las Vegas		Other U.S.		All Other		Elimination			Caesars
Total assets	$	14,145	$	6,865	$	7,458	$	(3,032	)	$	25,436
Total liabilities	5,239		5,012		11,780		108			22,139

Quarterly Results of Operations - Unaudited (Notes)

12 Months Ended

Dec. 31, 2018

Quarterly Financial Information Disclosure [Abstract]

Quarterly Results of Operations (Unaudited)



(In millions, except per share amounts)	First Quarter			Second Quarter			Third Quarter			Fourth Quarter		Total
2018
Net revenues	$	1,972		$	2,119		$	2,185		$	2,115	$	8,391
Income from operations	125			282			232			100		739
Net income/(loss)	(34		)	29			111			198		304
Net income/(loss) attributable to Caesars	(34		)	29			110			198		303
Basic earnings/(loss) per share	(0.05		)	0.04			0.16			0.29		0.44
Diluted earnings/(loss) per share	(0.05		)	0.04			0.14			0.25		0.41

2017
Net revenues	$	966		$	1,008		$	993		$	1,901	$	4,868
Income from operations	150			149			84			154		537
Net income/(loss)	(508		)	(1,432		)	(439		)	2,004		(375		)
Net income/(loss) attributable to Caesars	(507		)	(1,432		)	(433		)	2,004		(368		)
Basic earnings/(loss) per share	(3.44		)	(9.62		)	(2.90		)	3.01		(1.32		)
Diluted earnings/(loss) per share	(3.44		)	(9.62		)	(2.90		)	2.48		(1.32		)

Fourth Quarter of 2018: Impairment of goodwill was recognized (see Note 7). Impairment of tangible and other intangible assets was recognized (see Note 6 and Note 7). Change in the fair value of derivative component of the convertible notes was recognized (see Note 8).

Third Quarter of 2018: Centaur’s results are consolidated with CEC subsequent to the acquisition on July 16, 2018. See Note 4.

First Quarter of 2017 through the Fourth Quarter of 2017: Our accrual for restructuring commitments was updated quarterly. These obligations were settled on the Effective Date. See Note 1.

Fourth Quarter of 2017: CEOC LLC’s results are consolidated with CEC subsequent to the Effective Date (see Note 2), interest expense was recognized for failed sale-leaseback transactions (see Note 10), an income tax benefit was recognized (see Note 18) and we updated our estimated value of OpCo and the VICI Call Right through the Effective Date which reduced our Restructuring and support expenses. Additionally, there were 36 million weighted average dilutive potential common shares related to the CEC Convertible Notes included in the Diluted earnings per share calculation.

Schedule I (Notes) - Parent Company [Member]

12 Months Ended

Dec. 31, 2018

Condensed Financial Statements, Captions [Line Items]

Condensed Financial Information of Parent Company Only Disclosure [Text Block]

CONDENSED FINANCIAL INFORMATION OF REGISTRANT PARENT COMPANY ONLY

CAESARS ENTERTAINMENT CORPORATION

CONDENSED BALANCE SHEETS



	As of December 31,
(In millions)	2018		2017
Assets
Current assets
Cash and cash equivalents	$	457	$	926
Receivables, net	21		33
Prepayments and other current assets	5		5
Intercompany receivables	20		33
Total current assets	503		997
Deferred charges and other assets	128		147
Investment in subsidiary	4,199		4,434
Total assets	$	4,830	$	5,578

Liabilities and Stockholders’ Equity
Current liabilities
Accounts payable	$	1	$	5
Accrued expenses and other current liabilities	7		13
Interest payable	14		13
Intercompany payables	20		64
Total current liabilities	42		95
Long-term debt	1,119		1,121
Deferred credits and other liabilities	419		1,136
Total liabilities	1,580		2,352
Total stockholders’ equity	3,250		3,226
Total liabilities and stockholders’ equity	$	4,830	$	5,578

CONDENSED FINANCIAL INFORMATION OF REGISTRANT PARENT COMPANY ONLY

CAESARS ENTERTAINMENT CORPORATION

CONDENSED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME/(LOSS)



	Years Ended December 31,
(In millions)	2018			2017			2016
Net revenues	$	2		$	2		$	2
Operating expenses
Corporate expense	33			88			123
Other operating costs	10			24			58
Total operating expenses	43			112			181
Loss from operations	(41		)	(110		)	(179		)
Interest expense	(55		)	(18		)	(5		)
Gain/(loss) on interests in subsidiaries	(316		)	776			2,933
Restructuring and support expenses	—			(1,842		)	(5,729		)
Other income/(loss)	726			85			(30		)
Income/(loss) from operations before income taxes	314			(1,109		)	(3,010		)
Income tax benefit/(provision)	(11		)	741			(39		)
Net income/(loss)	303			(368		)	(3,049		)
Other comprehensive income/(loss), net of income taxes	(30		)	6			(2		)
Comprehensive income/(loss)	$	273		$	(362	)	$	(3,051	)

CONDENSED FINANCIAL INFORMATION OF REGISTRANT PARENT COMPANY ONLY

CAESARS ENTERTAINMENT CORPORATION

CONDENSED STATEMENTS OF CASH FLOWS



	Years Ended December 31,
(In millions)	2018			2017			2016
Cash flows provided by/(used in) operating activities	$	(138	)	$	1,504		$	(37	)
Cash flows from investing activities
Payments to acquire investments	—			(700		)	—
Cash flows used in investing activities	—			(700		)	—
Cash flows from financing activities
Repayments of long-term debt	(2		)	—			—
Taxes paid related to net share settlement of equity awards	(22		)	—			—
Proceeds from the issuance of common stock	6			—			—
Repurchase of common stock	(311		)	—			—
Other financing	(2		)	—			(8		)
Cash flows used in financing activities	(331		)	—			(8		)
Net increase/(decrease) in cash, cash equivalents, and restricted cash	(469		)	804			(45		)
Cash, cash equivalents, and restricted cash, beginning of period	926			122			167
Cash, cash equivalents, and restricted cash, end of period	$	457		$	926		$	122

Background and basis of presentation

These condensed parent company financial statements have been prepared in accordance with Rule 12-04, Schedule 1 of Regulation S-X, as the restricted net assets of Caesars Entertainment Corporation and its subsidiaries exceed 25% of the consolidated net assets of Caesars Entertainment Corporation and its subsidiaries (the “Company”). This information should be read in conjunction with the Company’s consolidated financial statements included elsewhere in this filing.

The year ended December 31, 2017 and 2016 Condensed Statement of Operations and Comprehensive Income/(Loss) was adjusted to reflect income of $6 million and a loss of $2 million, respectively, as Other comprehensive income/(loss), net of income taxes. There was no impact on the Condensed Balance Sheets or Condensed Statements of Cash Flows.


2.	Restricted net assets of subsidiaries

Certain of the Company’s subsidiaries have restrictions on their ability to pay dividends or make intercompany loans and advances pursuant to financing arrangements and regulatory restrictions. The amount of restricted net assets the Company’s consolidated subsidiaries held as of both December 31, 2018 and 2017 was approximately $3.2 billion. Such restrictions are on net assets of Caesars Entertainment Corporation and its subsidiaries. The amount of restricted net assets in the Company’s unconsolidated subsidiaries was not material to the financial statements.


3.	Commitments, contingencies, and long-term obligations

For a discussion of the Company’s commitments, contingencies, and long-term obligations under its senior secured credit facilities, see Note 11 and Note 12 of the Company’s consolidated financial statements.

Business Description and Basis of Presentation [Text Block]

Background and basis of presentationThese condensed parent company financial statements have been prepared in accordance with Rule 12-04, Schedule 1 of Regulation S-X, as the restricted net assets of Caesars Entertainment Corporation and its subsidiaries exceed 25% of the consolidated net assets of Caesars Entertainment Corporation and its subsidiaries (the “Company”). This information should be read in conjunction with the Company’s consolidated financial statements included elsewhere in this filing.

Restricted Assets Disclosure [Text Block]

Restricted net assets of subsidiariesCertain of the Company’s subsidiaries have restrictions on their ability to pay dividends or make intercompany loans and advances pursuant to financing arrangements and regulatory restrictions. The amount of restricted net assets the Company’s consolidated subsidiaries held as of both December 31, 2018 and 2017 was approximately $3.2 billion. Such restrictions are on net assets of Caesars Entertainment Corporation and its subsidiaries. The amount of restricted net assets in the Company’s unconsolidated subsidiaries was not material to the financial statements.

Commitments Contingencies and Guarantees [Text Block]

Commitments, contingencies, and long-term obligationsFor a discussion of the Company’s commitments, contingencies, and long-term obligations under its senior secured credit facilities, see Note 11 and Note 12 of the Company’s consolidated financial statements

Basis of Presentation & Consolidation Accounting Policies - (Policies)	12 Months Ended
	Dec. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Consolidation, Subsidiaries or Other Investments, Consolidated Entities, Policy [Policy Text Block]	Consolidation of Subsidiaries and Variable Interest Entities Our consolidated financial statements include the accounts of Caesars Entertainment and its subsidiaries after elimination of all intercompany accounts and transactions. We consolidate all subsidiaries in which we have a controlling financial interest and variable interest entities (“VIEs”) for which we or one of our consolidated subsidiaries is the primary beneficiary. Control generally equates to ownership percentage, whereby (i) affiliates that are more than 50% owned are consolidated; (ii) investments in affiliates of 50% or less but greater than 20% are generally accounted for using the equity method where we have determined that we have significant influence over the entities; and (iii) investments in affiliates of 20% or less are generally accounted for using the cost method. We consolidate a VIE when we have both the power to direct the activities that most significantly impact the results of the VIE and the right to receive benefits or the obligation to absorb losses of the entity that could be potentially significant to the VIE. Along with the VIEs that are consolidated in accordance with the above guidelines, we also hold variable interests in other VIEs that are not consolidated because we are not the primary beneficiary. We continually monitor both consolidated and unconsolidated VIEs to determine if any events have occurred that could cause the primary beneficiary to change. A change in determination could have a material impact on our financial statements.
Basis of Accounting, Policy	Basis of Presentation and Use of Estimates Our consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States (“GAAP”), which require the use of estimates and assumptions that affect the reported amounts of assets, liabilities, revenues, and expenses and the disclosure of contingent assets and liabilities. Management believes the accounting estimates are appropriate and reasonably determined. Actual amounts could differ from those estimates. Certain prior year amounts have been reclassified to conform to the current year’s presentation. For the year ended December 31, 2017, $12 million was reclassified from Other revenue to Management fees on our Statement of Operations.

Summary of Significant Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2018

Business Combinations Policy [Policy Text Block]

The acquisition was accounted for in accordance with ASC 805 with CEC considered the acquirer, which requires, among other things, that the assets acquired and liabilities assumed be recognized on the balance sheet at their fair values as of the acquisition date.

Basis of Accounting, Policy

Basis of Presentation and Use of Estimates

Our consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States (“GAAP”), which require the use of estimates and assumptions that affect the reported amounts of assets, liabilities, revenues, and expenses and the disclosure of contingent assets and liabilities. Management believes the accounting estimates are appropriate and reasonably determined. Actual amounts could differ from those estimates.

Certain prior year amounts have been reclassified to conform to the current year’s presentation. For the year ended December 31, 2017, $12 million was reclassified from Other revenue to Management fees on our Statement of Operations.

Consolidation, Policy [Policy Text Block]

Consolidation of Subsidiaries and Variable Interest Entities

Our consolidated financial statements include the accounts of Caesars Entertainment and its subsidiaries after elimination of all intercompany accounts and transactions.

We consolidate all subsidiaries in which we have a controlling financial interest and variable interest entities (“VIEs”) for which we or one of our consolidated subsidiaries is the primary beneficiary. Control generally equates to ownership percentage, whereby (i) affiliates that are more than 50% owned are consolidated; (ii) investments in affiliates of 50% or less but greater than 20% are generally accounted for using the equity method where we have determined that we have significant influence over the entities; and (iii) investments in affiliates of 20% or less are generally accounted for using the cost method.

We consolidate a VIE when we have both the power to direct the activities that most significantly impact the results of the VIE and the right to receive benefits or the obligation to absorb losses of the entity that could be potentially significant to the VIE. Along with the VIEs that are consolidated in accordance with the above guidelines, we also hold variable interests in other VIEs that are not consolidated because we are not the primary beneficiary. We continually monitor both consolidated and unconsolidated VIEs to determine if any events have occurred that could cause the primary beneficiary to change. A change in determination could have a material impact on our financial statements.

Cash and Cash Equivalents

Cash, Cash Equivalents, and Restricted CashCash equivalents are highly liquid investments with original maturities of three months or less from the date of purchase and are stated at the lower of cost or market value.

Restricted Cash

Restricted cash includes cash pledged as collateral for certain operating and capital expenditures in the normal course of business and certain other cash deposits that are for a specific purpose including $49 million as of December 31, 2018 that is held in the escrow trust for distribution to holders of disputed claims whose claims may ultimately become allowed (see Note 11).

Revenue Recognition

Revenue Recognition, Revenue Reductions

Advertising

AdvertisingThe Company expenses the production costs of advertising the first time the advertising takes place.

Property, Plant and Equipment, Policy [Policy Text Block]

Useful Lives

Land improvements			12	years
Buildings	5	to	40	years
Building and leasehold improvements	3	to	30	years
Riverboats and barges			30	years
Furniture, fixtures, and equipment	2.5	to	12	years

Goodwill and Intangible Assets

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Current Portion of Long-Term Debt

Debt Discounts or Premiums and Deferred Finance Charges

Fair Value

Income Tax

Segment Reporting



Las Vegas	Other U.S.	All Other
Bally's Las Vegas	Bally's Atlantic City ⁽²⁾	Managed Properties ⁽²⁾	Other
Caesars Palace Las Vegas ⁽²⁾	Bluegrass Downs	Caesars Dubai	Caesars Interactive Entertainment
The Cromwell	Caesars Atlantic City ⁽²⁾	Caesars Windsor
Flamingo Las Vegas	Harrah's Atlantic City	Harrah's Ak-Chin
Harrah's Las Vegas	Harrah's Council Bluffs ⁽²⁾	Harrah's Cherokee
The LINQ Hotel & Casino	Harrah's Gulf Coast ⁽²⁾	Harrah's Cherokee Valley River
The LINQ Promenade	Harrah's Joliet ⁽²⁾	Harrah's Resort Southern California
Paris Las Vegas	Harrah's Lake Tahoe ⁽²⁾	Horseshoe Baltimore ⁽¹⁾
Planet Hollywood Resort & Casino	Harrah's Laughlin ⁽²⁾	Kings & Queens Casino
Rio All-Suites Hotel & Casino	Harrah's Louisiana Downs ⁽²⁾
	Harrah's Metropolis ⁽²⁾	International ⁽²⁾
	Harrah's New Orleans	Alea Glasgow
	Harrah's North Kansas City ⁽²⁾	Alea Nottingham
	Harrah's Philadelphia ⁽²⁾	Caesars Cairo
	Harrah's Reno ⁽²⁾	Emerald Casino Resort
	Harveys Lake Tahoe ⁽²⁾	The Empire Casino
	Hoosier Park	Manchester235
	Horseshoe Bossier City ⁽²⁾	Playboy Club London
	Horseshoe Council Bluffs ⁽²⁾	Ramses Casino
	Horseshoe Hammond ⁽²⁾	Rendezvous Brighton
	Horseshoe Southern Indiana ⁽²⁾	Rendezvous Southend-on-Sea
	Horseshoe Tunica ⁽²⁾	The Sportsman
	Indiana Grand
	Tunica Roadhouse ⁽²⁾

___________________


⁽¹⁾	As of December 31, 2018, Horseshoe Baltimore was 41% owned, and was deconsolidated and held as an equity-method investment effective August 31, 2017.

⁽²⁾

These properties were not consolidated with CEC prior to the Effective Date with the exception of Horseshoe Baltimore, which was consolidated in the Other U.S. region prior to deconsolidation.

Description of Business Description of Business (Tables)

12 Months Ended

Dec. 31, 2018

Schedule of Business Acquisitions by Acquisition, Consideration [Table Text Block]

Summary of CAC Merger and CEOC Emergence Transactions

(In millions)	CAC Merger		Restructuring Support Settlement		OpCo Acquisition		Total
Cash	$	—	$	2,787	$	700	$	3,487
CEC common stock (value)	2,894		3,435		1,774		8,103
CEC convertible notes (fair value)	—		2,172		—		2,172
Other consideration	—		177		—		177
Total consideration	$	2,894	$	8,571	$	2,474	$	13,939

CEC common stock (shares)	226		268		139		633

Summary of Significant Accounting Policies Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2018

Restrictions on Cash and Cash Equivalents [Table Text Block]

Reconciliation to Statements of Cash Flows

	As of December 31,
(In millions)	2018		2017
Cash and cash equivalents	$	1,491	$	2,558
Restricted cash, current	115		116
Restricted cash, non-current	51		35
Total cash, cash equivalents, and restricted cash	$	1,657	$	2,709

Property, Plant and Equipment, Estimated Useful Lives [Table Text Block]

Useful Lives

Land improvements			12	years
Buildings	5	to	40	years
Building and leasehold improvements	3	to	30	years
Riverboats and barges			30	years
Furniture, fixtures, and equipment	2.5	to	12	years

Property and Equipment (Tables)

12 Months Ended

Dec. 31, 2018

Property, Plant and Equipment, Estimated Useful Lives [Table Text Block]

Useful Lives

Land improvements			12	years
Buildings	5	to	40	years
Building and leasehold improvements	3	to	30	years
Riverboats and barges			30	years
Furniture, fixtures, and equipment	2.5	to	12	years

Property and Equipment, Net

Property and Equipment, Net

	As of December 31,
(In millions)	2018			2017 ⁽¹⁾
Land	$	4,871		$	4,857
Buildings, riverboats, and leasehold and land improvements	12,243			11,824
Furniture, fixtures, and equipment	1,563			1,277
Construction in progress	406			329
Total property and equipment	19,083			18,287
Less: accumulated depreciation	(3,038		)	(2,133		)
Total property and equipment, net	$	16,045		$	16,154

____________________

⁽¹⁾

We reclassified $73 million in land improvements to Buildings, riverboats and leasehold and land improvements to align with our 2018 reporting presentation.

Depreciation Expense and Other Amortization Expense

Depreciation Expense and Other Amortization Expense

	Years Ended December 31,
(In millions)	2018		2017		2016
Depreciation expense ⁽¹⁾	$	1,074	$	555	$	369
Other amortization expense	3		4		5

____________________

⁽¹⁾

Business Combination (Tables)

12 Months Ended

Dec. 31, 2018

Financing Receivables [Text Block]

Acquired Markers Accretable Yield

(In millions)	2018			2017
Balance as of January 1 and October 6, respectively	$	6		$	8
Accretion	(3		)	(2		)
Balance as of December 31	$	3		$	6



(In millions)
Cash paid	$	1,636
Deferred consideration ⁽¹⁾	66
Total purchase price	$	1,702



(In millions)	Fair Value			Weighted-Average Useful Life (years)
Assets acquired:
Cash and cash equivalents	$	39
Receivables, net	2
Other current assets	26
Property and equipment	297
Intangible assets other than goodwill
Trade names and trademarks	14			2.5
Gaming rights ⁽¹⁾	1,390
Customer relationships	41			15.0
Total assets	1,809

Liabilities assumed:
Current liabilities	(92		)
Deferred income taxes	(290		)
Total liabilities	(382		)
Net identifiable assets acquired	1,427
Goodwill	275
Total Centaur equity value	$	1,702



	(Unaudited)
	Years Ended December 31,
(In millions)	2018		2017
Net revenues	$	8,663	$	5,357
Net income/(loss) attributable to Caesars	166		(117		)



(In millions)
Cash	$	700
CEC common stock ⁽¹⁾	1,774
Total cash and stock consideration	2,474
Settlement of pre-existing relationships	252
Total OpCo equity value	$	2,726

____________________

⁽¹⁾

Approximately 139 million shares of CEC common stock issued at the Effective Date closing stock price of $12.80.



(In millions)	Fair Value			Weighted-Average Useful Life (years)
Assets acquired:
Cash and cash equivalents	$	1,239
Receivables, net	266
Other current assets	200
Property and equipment	8,943			35.0
Intangible assets other than goodwill
Trade names and trademarks ⁽¹⁾	664
Gaming rights ⁽¹⁾	207
Caesars Rewards ⁽¹⁾	253
Customer relationships	137			14.8
Other non-current assets	180
Total assets	12,089

Liabilities assumed:
Current liabilities	(765		)
Long-term debt	(1,607		)
Financing obligations	(8,310		)
Deferred income taxes	(568		)
Deferred credits and other liabilities	(361		)
Total liabilities	(11,611		)
Noncontrolling interest	41
Net identifiable assets acquired	519
Goodwill	2,207
Total OpCo equity value	$	2,726

____________________

⁽¹⁾

Indefinite-lived intangible assets.



	(Unaudited)
	Years Ended December 31,
(In millions, except per share data)	2017		2016
Net revenues	$	8,349	$	8,529
Net income/(loss) attributable to Caesars	6,401		(2,570		)

Goodwill and Intangible Assets Disclosure [Abstract]

Summary of Merger as of October 6, 2017

(In millions)	Total Value
Assets acquired	$	152
Liabilities assumed	(96		)
Acquisition of noncontrolling interest in CGP from CAC	1,751
Net book value	$	1,807

Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2018

Dec. 31, 2016

Changes in Carrying Value of Goodwill by Segment [Table Text Block]

Changes in Carrying Value of Goodwill by Segment

(In millions)	Las Vegas			Other U.S.			All Other			CEC Total
Gross Goodwill
Balance as of January 1, 2017	$	4,410		$	650		$	—		$	5,060
OpCo acquisition ⁽¹⁾	1,794			352			61			2,207
Balance as of December 31, 2017	6,204			1,002			61			7,267
Accumulated Impairment
Balance as of January 1, 2017 and December 31, 2017	(3,115		)	(337		)	—			(3,452		)
Net carrying value, as of December 31, 2017 ⁽²⁾	$	3,089		$	665		$	61		$	3,815

Gross Goodwill
Balance as of January 1, 2018	$	6,204		$	1,002		$	61		$	7,267
Centaur acquisition ⁽¹⁾	—			275			—			275
Other	—			—			(3		)	(3		)
Balance as of December 31, 2018	6,204			1,277			58			7,539
Accumulated Impairment
Balance as of January 1, 2018	(3,115		)	(337		)	—			(3,452		)
Impairment	—			(17		)	(26		)	(43		)
Balance as of December 31, 2018	(3,115		)	(354		)	(26		)	(3,495		)
Net carrying value, as of December 31, 2018 ⁽²⁾	$	3,089		$	923		$	32		$	4,044

____________________


⁽¹⁾	See Note 4 for further details relating to the acquisitions of OpCo and Centaur.

⁽²⁾

$405 million of goodwill is associated with a reporting unit with zero or negative carrying value. As the reporting unit has a positive fair value, there was no impairment associated with this reporting unit.

<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:89.453125%;border-collapse:collapse;text-align:left;"><tr><td colspan="12" style="padding-left:0px;padding-right:0px;padding-top:4px;padding-bottom:4px;" rowspan="1"><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;text-decoration:underline;">Changes in Carrying Value of Goodwill by Segment</font></div></td></tr><tr><td style="width:52%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">xBRL Tagging Purposes Only</font></div></td><td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Segment</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Date</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Las Vegas</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Other U.S.</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">All Other</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">CEC Total</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">January 1, 2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(3,115</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(337</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">—</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(3,452</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr></table></div></div></div>

Changes in Carrying Value of Indefinite-Lived Intangible Assets Other Than Goodwill [Table Text Block]

Changes in Carrying Value of Intangible Assets Other than Goodwill

	Amortizing						Non-Amortizing						Total
(In millions)	2018			2017			2018			2017			2018			2017
Balance as of January 1	$	355		$	285		$	1,254		$	148		$	1,609		$	433
Impairments ⁽¹⁾	—			—			(21		)	—			(21		)	—
Amortization expense	(68		)	(67		)	—			—			(68		)	(67		)
Deconsolidation of Horseshoe Baltimore ⁽²⁾	—			—			—			(22		)	—			(22		)
OpCo acquisition ⁽³⁾	—			137			—			1,124			—			1,261
Centaur acquisition ⁽³⁾	55			—			1,390			—			1,445			—
Other additions ⁽⁴⁾	—			—			20			—			20			—
Other	—			—			(8		)	4			(8		)	4
Balance as of December 31	$	342		$	355		$	2,635		$	1,254		$	2,977		$	1,609

____________________


⁽¹⁾	$12 million recognized in our Other U.S. segment and $9 million recognized in our All Other segment.


⁽²⁾	See Note 2 or further details relating to the deconsolidation of Horseshoe Baltimore.


⁽³⁾	See Note 4 for further details relating to the acquisitions of OpCo and Centaur.


⁽⁴⁾	Other additions of $20 million are related to gaming rights.

Changes in Carrying Value of Finite-Lived Intangible Assets Other Than Goodwill

Changes in Carrying Value of Intangible Assets Other than Goodwill

	Amortizing						Non-Amortizing						Total
(In millions)	2018			2017			2018			2017			2018			2017
Balance as of January 1	$	355		$	285		$	1,254		$	148		$	1,609		$	433
Impairments ⁽¹⁾	—			—			(21		)	—			(21		)	—
Amortization expense	(68		)	(67		)	—			—			(68		)	(67		)
Deconsolidation of Horseshoe Baltimore ⁽²⁾	—			—			—			(22		)	—			(22		)
OpCo acquisition ⁽³⁾	—			137			—			1,124			—			1,261
Centaur acquisition ⁽³⁾	55			—			1,390			—			1,445			—
Other additions ⁽⁴⁾	—			—			20			—			20			—
Other	—			—			(8		)	4			(8		)	4
Balance as of December 31	$	342		$	355		$	2,635		$	1,254		$	2,977		$	1,609

____________________


⁽¹⁾	$12 million recognized in our Other U.S. segment and $9 million recognized in our All Other segment.


⁽²⁾	See Note 2 or further details relating to the deconsolidation of Horseshoe Baltimore.


⁽³⁾	See Note 4 for further details relating to the acquisitions of OpCo and Centaur.


⁽⁴⁾	Other additions of $20 million are related to gaming rights.

Gross Carrying Value and Accumulated Amortization of Finite-Lived Intangible Assets Other Than Goodwill [Table Text Block]

Gross Carrying Value and Accumulated Amortization of Intangible Assets Other than Goodwill

	December 31, 2018								December 31, 2017
(Dollars in millions)	Weighted Average Remaining Useful Life (in years)	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Amortizing intangible assets
Trade names and trademarks	2.3	$	14	$	(3	)	$	11	$	—	$	—		$	—
Customer relationships	4.5	1,071		(756		)	315		1,030		(693		)	337
Contract rights	6.0	3		(2		)	1		3		(2		)	1
Gaming rights and other	5.5	43		(28		)	15		43		(26		)	17
		$	1,131	$	(789	)	342		$	1,076	$	(721	)	355
Non-amortizing intangible assets
Trademarks							790							790
Gaming rights							1,592							211
Caesars Rewards							253							253
							2,635							1,254
Total intangible assets other than goodwill							$	2,977						$	1,609

Gross Carrying Value and Accumulated Amortization of Indefinite-Lived Intangible Assets Other Than Goodwill [Table Text Block]

Gross Carrying Value and Accumulated Amortization of Intangible Assets Other than Goodwill

	December 31, 2018								December 31, 2017
(Dollars in millions)	Weighted Average Remaining Useful Life (in years)	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Amortizing intangible assets
Trade names and trademarks	2.3	$	14	$	(3	)	$	11	$	—	$	—		$	—
Customer relationships	4.5	1,071		(756		)	315		1,030		(693		)	337
Contract rights	6.0	3		(2		)	1		3		(2		)	1
Gaming rights and other	5.5	43		(28		)	15		43		(26		)	17
		$	1,131	$	(789	)	342		$	1,076	$	(721	)	355
Non-amortizing intangible assets
Trademarks							790							790
Gaming rights							1,592							211
Caesars Rewards							253							253
							2,635							1,254
Total intangible assets other than goodwill							$	2,977						$	1,609

Estimated Five-Year Amortization [Table Text Block]

Estimated Five-Year Amortization

	Years Ended December 31,
(In millions)	2019		2020		2021		2022		2023
Estimated annual amortization expense	$	71	$	71	$	60	$	17	$	15

Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2018

Items Measured at Fair Value on a Recurring Basis



(In millions)	Balance		Level 1		Level 2		Level 3
December 31, 2018
Assets
Government bonds	$	15	$	—	$	15	$	—
Derivative instruments - interest rate swaps	6		—		6		—
Total assets at fair value	$	21	$	—	$	21	$	—
Liabilities
Derivative instruments - interest rate swaps	$	22	$	—	$	22	$	—
Derivative instruments - CEC Convertible Notes	324		—		324		—
Disputed claims liability	45		—		45		—
Total liabilities at fair value	$	391	$	—	$	391	$	—

December 31, 2017
Assets
Equity securities	$	8	$	8	$	—	$	—
Government bonds	25		—		25		—
Total assets at fair value	$	33	$	8	$	25	$	—
Liabilities
Derivative instruments - CEC Convertible Notes	$	1,016	$	—	$	—	$	1,016
Disputed claims liability	112		—		—		112
Total liabilities at fair value	$	1,128	$	—	$	—	$	1,128

Changes in Level 3 Fair Value Measurements

Changes in Level 3 Fair Value Measurements

(In millions)	CEC Convertible Notes ⁽¹⁾			VICI Call Right ⁽²⁾			Derivative Instruments ⁽¹⁾			Disputed Claims Liability
Balance as of January 1, 2017	$	1,600		$	131		$	—		$	—
Restructuring of CEOC and other	640			46			—			—
Settlement of Restructuring Support and Forbearance Agreement Accrual	(2,240		)	(177		)	1,080			112
Change in fair value recorded in Other income/(loss)	—			—			(64		)	—
Balance as of December 31, 2017	—			—			1,016			112
Change in fair value recorded in Other income/(loss)	—			—			(282		)	(10		)
Change due to resolved claims in Disputed claims liability	—			—			4			(29		)
Transfer to Level 2 on October 1, 2018 ⁽³⁾	—			—			(738		)	(73		)
Balance as of December 31, 2018	$	—		$	—		$	—		$	—

____________________


⁽¹⁾	The CEC Convertible Notes were remeasured at fair value and issued on the Effective Date with a debt component and a derivative liability component. See Note 12 for further details on the debt portion of the CEC Convertible Notes. The derivative portion of the CEC Convertible Notes is a recurring fair value measurement, see below.


⁽²⁾	The VICI Call Right was remeasured at fair value and then transferred to Accrued expenses and other current liabilities on the Balance Sheet upon settlement on the Effective Date because it is an option related to real estate and not a derivative. See Note 9.

⁽³⁾

Due to a change in valuation methodology of the CEC Convertible Notes on October 1, 2018, the derivative liability of the CEC Convertible Notes and the Disputed claims liability were transferred to Level 2.

Major Terms of Interest Rate Swap Agreements



Effective Date	Notional Amount (In millions)	Fixed Rate Paid	Variable Rate Received as of December 31, 2018	Maturity Date
12/31/2018	250	2.274%	2.522%	12/31/2022
12/31/2018	200	2.828%	2.522%	12/31/2022
12/31/2018	600	2.739%	2.522%	12/31/2022
1/1/2019	250	2.153%	N/A	12/31/2020
1/1/2019	250	2.196%	N/A	12/31/2021
1/1/2019	400	2.788%	N/A	12/31/2021
1/1/2019	200	2.828%	N/A	12/31/2022
1/2/2019	250	2.172%	N/A	12/31/2020
1/2/2019	200	2.731%	N/A	12/31/2020
1/2/2019	400	2.707%	N/A	12/31/2021

Detail of Accrued Expenses and Other Current Liabilities (Tables)

12 Months Ended

Dec. 31, 2018

Accrued Expenses and Other Current Liabilities



	As of December 31,
(In millions)	2018		2017
Payroll and other compensation	$	281	$	268
VICI Call Right	177		177
Self-insurance claims and reserves	173		192
Accrued taxes	157		137
Advance deposits	92		126
Disputed claims liability (See Note 11)	45		112
Chip and token liability	37		38
Other accruals	255		276
Total accrued expenses and other current liabilities	$	1,217	$	1,326

Leases (Tables)

12 Months Ended

Dec. 31, 2018

Future Minimum Rental Commitments

Future Minimum Lease Commitments

(In millions)	Operating Leases		Financing Obligation
2019	$	82	$	753
2020	70		809
2021	57		822
2022	53		836
2023	51		855
Thereafter	966		34,333
Total minimum rental commitments	$	1,279	$	38,408

Litigation, Contractual Commitments and Contingent Liabilities Litigation, Contractual Commitments, and Contingencies (Tables)

12 Months Ended

Dec. 31, 2018

Commitments and Contingencies Disclosure [Abstract]

Disposal Groups, Including Discontinued Operations [Table Text Block]



		As of December 31,
(In millions)	Accrual Obligation End Date	2018		2017
Future obligations under land lease agreements ⁽¹⁾	December 2092	$	43	$	43
Iowa greyhound pari-mutuel racing fund	December 2021	33		40
Permanent closure of international properties ⁽²⁾	January 2032	10		18
Unbundling of electric service provided by NV Energy	February 2024	58		38
Total		$	144	$	139

____________________


⁽¹⁾	Associated with the abandonment of a construction project near the Mississippi Gulf Coast.

⁽²⁾

Properties include Alea Leeds, Golden Nugget and Southend.

Effect on Statements of Operations of Discontinued Operations

(In millions)	Year Ended December 31, 2016
Net revenues	$	678
Operating expenses ⁽¹⁾	748
Gain from discontinued operations	4,180
Pre-tax income from discontinued operations	4,110
Income from discontinued operations, net of income taxes	3,380

____________________

⁽¹⁾

Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

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Debt (Tables)

12 Months Ended

Dec. 31, 2018

Annual Estimated Debt Service Requirements

Summary of Debt



	December 31, 2018								December 31, 2017
(Dollars in millions)	Final Maturity	Rate(s) ⁽¹⁾	Face Value			Book Value			Book Value
Secured debt
CRC Revolving Credit Facility	2022	variable ⁽²⁾	$	100		$	100		$	—
CRC Term Loan	2024	variable ⁽³⁾	4,653			4,577			4,616
CEOC LLC Revolving Credit Facility	2022	variable ⁽⁴⁾	—			—			—
CEOC LLC Term Loan	2024	variable ⁽⁵⁾	1,485			1,483			1,499
Unsecured debt
CEC Convertible Notes	2024	5.00%	1,083			1,083			1,078
CRC Notes	2025	5.25%	1,700			1,668			1,664
Special Improvement District Bonds	2037	4.30%	54			54			56
Total debt			9,075			8,965			8,913
Current portion of long-term debt			(164		)	(164		)	(64		)
Long-term debt			$	8,911		$	8,801		$	8,849

Unamortized premiums, discounts and deferred finance charges						$	110		$	121
Fair value			$	8,527

____________________


⁽¹⁾	Interest rate is fixed, except where noted.

⁽²⁾


⁽³⁾	LIBOR plus 2.75%.


⁽⁴⁾	LIBOR plus 2.00%.

⁽⁵⁾

LIBOR plus 2.00%. On April 16, 2018, the interest rate was repriced from the previous LIBOR plus 2.50%, see below.

Annual Estimated Debt Service Requirements

	Years Ended December 31,
(In millions)	2019		2020		2021		2022		2023		Thereafter		Total
Annual maturities of long-term debt	$	164	$	64	$	64	$	64	$	64	$	8,655	$	9,075
Estimated interest payments	480		470		470		460		450		540		2,870
Total debt service obligation ⁽¹⁾	$	644	$	534	$	534	$	524	$	514	$	9,195	$	11,945

____________________

⁽¹⁾

Debt principal payments are estimated amounts based on maturity dates and potential borrowings under our revolving credit facilities. Interest payments are estimated based on the forward-looking LIBOR curve and include the estimated impact of the ten interest rate swap agreements (see Note 8). Actual payments may differ from these estimates.

Summary of Debt and Revolving Credit Facility Cash Flows from Financing Activities

Summary of Debt and Revolving Credit Facility Cash Flows from Financing Activities in 2018

(In millions)	Proceeds		Repayments			Loss on Extinguishment of Debt
CRC Revolving Credit Facility	$	700	$	(600	)	$	—
CRC Term Loan	—		(47		)	—
CEOC LLC Term Loan ⁽¹⁾	467		(482		)	(1		)
Other debt activity	—		(1		)	—
Total	$	1,167	$	(1,130	)	$	(1	)

____________________

⁽¹⁾

Includes amounts related to Amendment No. 1 to the CEOC LLC Credit Agreement discussed above.

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2018

Basic and Dilutive Net Earnings Per Share Reconciliation

Basic and Dilutive Net Earnings Per Share Reconciliation

	Years Ended December 31,
(In millions, except per share data)	2018		2017			2016
Income/(loss) from continuing operations attributable to Caesars, net of income taxes	$	303	$	(368	)	$	(6,429	)
Income from discontinued operations attributable to Caesars, net of income taxes	—		—			3,380
Net income/(loss) attributable to Caesars	303		(368		)	(3,049		)
Dilutive effect of CEC Convertible Notes, net of tax	42		—			—
Adjusted net income/(loss) attributable to Caesars	$	345	$	(368	)	$	(3,049	)

Weighted-average common shares outstanding - basic	686		279			146
Dilutive potential common shares: Stock-based compensation awards	4		—			—
Dilutive potential common shares: CEC Convertible Notes	151		—			—
Weighted-average common shares outstanding - diluted	841		279			146

Basic earnings/(loss) per share from continuing operations	$	0.44	$	(1.32	)	$	(43.96	)
Basic earnings per share from discontinued operations	—		—			23.11
Basic earnings/(loss) per share	$	0.44	$	(1.32	)	$	(20.85	)

Diluted earnings/(loss) per share from continuing operations	$	0.41	$	(1.32	)	$	(43.96	)
Diluted earnings per share from discontinued operations	—		—			23.11
Diluted earnings/(loss) per share	$	0.41	$	(1.32	)	$	(20.85	)

Weighted-Average Number of Anti-Dilutive Shares Excluded from Calculation of EPS

Weighted-Average Number of Anti-Dilutive Shares Excluded from Calculation of EPS

	Years Ended December 31,
(In millions)	2018	2017	2016
Stock-based compensation awards	11	21	19
CEC Convertible Notes	—	36	—
Total anti-dilutive common stock	11	57	19

Revenue Recognition Revenue Recognition - (Tables)

12 Months Ended

Dec. 31, 2018

Effect of Adoption of Accounting Standard

Effect of Adopting New Revenue Recognition Standard - Balance Sheets

(In millions)	Previously Reported			ASC Adjustments			As Recast
December 31, 2017
Receivables, net	$	496		$	(2	)	$	494
Property and equipment, net⁽¹⁾	16,228			(74		)	16,154
Accrued expenses and other current liabilities ⁽²⁾	1,459			(133		)	1,326
Contract liabilities⁽²⁾	—			129			129
Financing obligations⁽¹⁾	9,429			(74		)	9,355
Deferred credits and other liabilities	1,473			1			1,474
Stockholders’ equity	3,296			1			3,297
December 31, 2016
Stockholders’ deficit	(1,609		)	2			(1,607		)
December 31, 2015
Stockholders’ equity	2,039			3			2,042

____________________

⁽¹⁾


⁽²⁾	Adjustments are primarily related to the reclassification of assets and liabilities in accordance with the new accounting and disclosure requirements.

Effect of Adopting New Revenue Recognition Standard - Statements of Operations

	Year Ended December 31, 2017						Year Ended December 31, 2016
(In millions)	Prior to Adoption			Post Adoption			Prior to Adoption			Post Adoption
Revenues
Casino	$	2,865		$	2,168		$	2,177		$	1,608
Food and beverage	938			982			788			822
Rooms	1,054			1,074			923			950
Other revenue	626			584			527			497
Management fees	—			12			—			—
Reimbursed management costs	48			48			—			—
Casino promotional allowances	(679		)	—			(538		)	—
Net revenues	4,852			4,868			3,877			3,877
Operating expenses
Direct
Casino	1,521			1,213			1,128			890
Food and beverage	446			693			383			572
Rooms	276			360			249			318
Property, general, administrative, and other	1,133			1,124			1,166			1,147
Reimbursable management costs	48			48			—			—
Depreciation and amortization	628			626			439			439
Corporate expense	204			202			194			194
Other operating costs	64			65			91			91
Total operating expenses	4,320			4,331			3,650			3,651
Income from operations	532			537			227			226
Interest expense	(774		)	(773		)	(599		)	(599		)
Gain on deconsolidation of subsidiaries	30			31			—			—
Restructuring and support expenses	(2,028		)	(2,028		)	(5,729		)	(5,729		)
Loss on extinguishment of debt	(232		)	(232		)	—			—
Other income/(loss)	95			95			(29		)	(29		)
Loss from continuing operations before income taxes	(2,377		)	(2,370		)	(6,130		)	(6,131		)
Income tax benefit/(provision)	1,995			1,995			(327		)	(327		)
Loss from continuing operations, net of income taxes	(382		)	(375		)	(6,457		)	(6,458		)
Discontinued operations, net of income taxes	—			—			3,380			3,380
Net loss	(382		)	(375		)	(3,077		)	(3,078		)
Net loss attributable to noncontrolling interests	7			7			29			29
Net loss attributable to Caesars	$	(375	)	$	(368	)	$	(3,048	)	$	(3,049	)

Receivables [Table Text Block]

Receivables

	As of December 31,
(In millions)	2018		2017		2016
Casino	$	188	$	173	$	75
Food and beverage and rooms	62		59		46
Entertainment and other	77		79		26
Contract receivables, net	327		311		147
Other	130		183		20
Receivables, net	$	457	$	494	$	167

Allowance for Doubtful Accounts

Allowance for Doubtful Accounts

(In millions)	Contracts			Other			Total
Balance as of January 1, 2016	$	35		$	13		$	48
Provision for doubtful accounts	11			—			11
Write-offs less recoveries	(25		)	7			(18		)
Balance as of December 31, 2016	21			20			41
Provision for doubtful accounts	9			(1		)	8
Write-offs less recoveries	14			(32		)	(18		)
OpCo consolidation ⁽¹⁾	—			20			20
Balance as of December 31, 2017	44			7			51
Provision for doubtful accounts	17			4			21
Write-offs less recoveries	(18		)	(7		)	(25		)
Balance as of December 31, 2018	$	43		$	4		$	47

Contract Liabilities

Contract Liabilities

(In millions)	Caesars Rewards			Customer Advances			Total
Balance as of January 1, 2017	$	—		$	63		$	63
Amount recognized from the beginning balance	—			(56		)	(56		)
Amount earned and recognized within the period	(19		)	34			15
OpCo consolidation ⁽¹⁾	81			28			109
Balance as of December 31, 2017 ⁽²⁾	62			69			131
Amount recognized during the period ⁽³⁾	(144		)	(440		)	(584		)
Amount accrued during the period	148			454			602
Balance as of December 31, 2018 ⁽⁴⁾	$	66		$	83		$	149

____________________


⁽¹⁾	See Note 4 for further details relating to the acquisition of OpCo.


⁽²⁾	$2 million included within Deferred credits and other liabilities as of December 31, 2017.


⁽³⁾	Includes $35 million for Caesars Rewards and $62 million for Customer Advances recognized from the December 31, 2017 Contract liability balances.

⁽⁴⁾

$5 million included within Deferred credits and other liabilities as of December 31, 2018.

Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2018

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Composition of Stock-Based Compensation

Composition of Stock-Based Compensation Expense (All Plans)

	Years Ended December 31,
(In millions)	2018		2017		2016 ⁽¹⁾
Corporate expense	$	60	$	36	$	37
Property, general, administrative, and other	19		7		195
Total stock-based compensation expense	$	79	$	43	$	232

____________________

⁽¹⁾

Includes $189M related to CIE stock-based compensation expense for the year ended December 31, 2016.

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Assumptions Used to Estimate Option Value

____________________


⁽¹⁾	Represents the weighted-average grant date fair value per option, using the Monte Carlo simulation option-pricing model for performance-based options, and the Black-Scholes option-pricing model for time-based options.

Assumptions Used to Estimate CIE Option Value

	Year Ended December 31, 2016
Expected range of volatility	40.5% - 44.6%
Expected dividend yield	—	%
Expected range of term (in years)	0.8 - 4.2
Risk-free interest rate range	0.5% - 1.2%

Assumptions Used to Estimate CIE Option Value

	Year Ended December 31, 2016
Expected range of volatility	40.5% - 44.6%
Expected dividend yield	—	%
Expected range of term (in years)	0.8 - 4.2
Risk-free interest rate range	0.5% - 1.2%

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Stock Option Activity

Caesars Entertainment Stock Option Activity

	Shares		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (years)	Aggregate Intrinsic Value (in millions)
Outstanding as of December 31, 2017	9,227,890		$	10.36	3.9	$	35
Exercised	(746,332	)	7.58
Forfeited	(46,519	)	8.64
Expired	(74,674	)	9.97
Outstanding as of December 31, 2018	8,360,365		10.63		2.8	—
Vested and expected to vest as of December 31, 2018	8,360,365		10.63		2.8	—
Exercisable as of December 31, 2018	7,338,503		9.12		2.7	—

Restricted Stock Activity



	Units		Weighted Average Fair Value ⁽¹⁾
Outstanding as of December 31, 2017	17,274,659		$	11.22
Granted	4,177,558		10.93
Vested	(6,550,480	)	10.36
Forfeited	(1,446,645	)	11.59
Outstanding as of December 31, 2018	13,455,092		11.51

____________________

⁽¹⁾

Represents the weighted average grant date fair value of RSUs, which is the share price of our common stock on the grant date.

Performance Shares Activity

Caesars Entertainment Stock Option Exercises

	Years Ended December 31,
(Dollars in millions)	2018		2017		2016
Option Exercises:
Number of options exercised	746,332		1,249,640		11,101
Cash received for options exercised⁽¹⁾	$	6	$	8	$	—
Aggregate intrinsic value of options exercised⁽¹⁾	$	3	$	7	$	—

____________________

⁽¹⁾

2016 amounts are immaterial.



	Units		Weighted Average Fair Value ⁽¹⁾
Outstanding as of December 31, 2017	—		$	—
Granted	1,569,801		10.78
Forfeited	(103,618	)	10.80
Outstanding as of December 31, 2018	1,466,183		6.79

____________________

⁽¹⁾

Grant date fair value, for which compensation expense of these awards is measured, has not been achieved. This represents the quoted market price of our common stock on the dates indicated.

Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2018

Pension Plan Participation and Contribution Summary

Multi-employer Pension Plan Participation

Pension Protection Act Zone Status ⁽¹⁾

Contributions

(In millions) ⁽²⁾

Pension Fund

EIN/Pension Plan Number

2018

2017

FIP/RP Status ⁽³⁾

2018

2017

2016

Surcharge Imposed

Expiration Date of Collective-Bargaining Agreement ⁽⁴⁾

Southern Nevada Culinary and Bartenders Pension Plan⁽⁵⁾

88-6016617/001

Green

May 31, 2023

Legacy Plan of the National Retirement Fund ⁽⁵⁾⁽⁶⁾

13-6130178/001

N/A

Red

N/A

—

N/A

Legacy Plan of the UNITE HERE Retirement Fund ⁽⁶⁾

82-0994119/001

Red

N/A

Yes

—

February 29, 2020

Central Pension Fund of the IUOE & Participating Employers ⁽⁷⁾

36-6052390/001

Green

March 31, 2021

Western Conference of Teamsters Pension Plan

91-6145047/001

Green

Various up to March 31, 2023

Local 68 Engineers Union Pension Plan^(5)(8)(9)

51-0176618/001

Yellow

—

April 30, 2020

NJ Carpenters Pension Fund

22-6174423/001

Yellow

Yes

—

April 30, 2020

Painters IUPAT

52-6073909/001

Yellow

Yes

Various up to June 30, 2021

Other Funds

Total Contributions

____________________

⁽¹⁾


⁽²⁾	Comparability to periods prior to the Effective Date are impacted by the consolidation of CEOC LLC in 2017.


⁽³⁾	Indicates plans for which a financial improvement plan (“FIP”) or a rehabilitation plan (“RP”) is either pending or has been implemented.


⁽⁴⁾	The terms of the current agreement continue indefinitely until either party provides appropriate notice of intent to terminate the contract.


⁽⁵⁾	Employer provided more than 5% of the total contributions for the plan years ended 2017 and 2016. As of the date the financial statements were issued, Forms 5500 were not available for the 2018 plan year.

⁽⁶⁾


⁽⁷⁾	Plan years begin February 1.


⁽⁸⁾	Plan years begin July 1.


⁽⁹⁾	The Plan has yet to provide an FIP. FIP status is not considered pending or implemented.

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2018

Components of (Loss)/Income Before Income Taxes from Continuing Operations

Components of Income/(Loss) Before Income Taxes from Continuing Operations

	Years Ended December 31,
(In millions)	2018			2017			2016
United States	$	205		$	(2,374	)	$	(6,129	)
Outside of the U.S.	(22		)	4			(2		)
	$	183		$	(2,370	)	$	(6,131	)

Income Tax Benefit/(Provision)

Income Tax Benefit/(Provision)

	Years Ended December 31,
(In millions)	2018			2017			2016
United States
Current
Federal	$	(9	)	$	148		$	(381	)
State	(1		)	(7		)	(3		)
Deferred
Federal	170			1,835			46
State	(39		)	23			10
Outside of the U.S.
Current	(9		)	(4		)	1
Deferred	9			—			—
	$	121		$	1,995		$	(327	)

Allocation of Income Tax Benefit/(Provision)

Allocation of Income Tax Benefit/(Provision)

	Years Ended December 31,
(In millions)	2018		2017		2016
Income tax benefit/(provision) applicable to:
Income/(loss) from continuing operations	$	121	$	1,995	$	(327	)
Discontinued operations	—		—		(730		)
Other comprehensive income	3		—		—

Effective Income Tax Rate Reconciliation

Effective Income Tax Rate Reconciliation

	Years Ended December 31,
	2018		2017		2016
Statutory tax rate	21.0	%	35.0	%	35.0	%
Increases/(decreases) in tax resulting from:
State taxes, net of federal tax benefit	4.0		5.2		0.1
Valuation allowance	(70.4	)	(17.1	)	(22.9	)
Foreign income taxes	2.3		(0.1	)	—
Deferred tax benefit from changes in federal tax law	(44.7	)	52.1		—
Stock-based compensation	4.7		(0.2	)	(0.8	)
Acquisition of CEOC	—		36.7		—
Reserves for uncertain tax positions	4.4		(4.6	)	(0.1	)
Current tax benefit from change in CGP operating agreement	—		2.4		—
Impairment of goodwill	4.7		—		—
Nondeductible transaction costs	6.6		(25.0	)	(16.8	)
Other	1.3		(0.2	)	0.2
Effective tax rate	(66.1	)%	84.2	%	(5.3	)%

Temporary Differences Resulting in Deferred Tax Assets and Liabilities

Temporary Differences Resulting in Deferred Tax Assets and Liabilities

	As of December 31,
(In millions)	2018		2017
Deferred tax assets:
State net operating losses	$	420	$	426
Federal net operating loss	485		553
Foreign net operating loss	16		17
Compensation programs	81		97
Allowance for doubtful accounts	41		50
Self-insurance reserves	10		10
Accrued expenses	45		43
Federal tax credits	70		58
Financing obligations	2,445		2,319
Golf course properties’ obligation	35		30
Investment in non-consolidated affiliates	5		—
Other debt-related items	—		78
Deferred revenue	42		46
Leases	66		36
Other	—		14
Subtotal	3,761		3,777
Less: valuation allowance	1,302		1,513
Total deferred tax assets	2,459		2,264
Deferred tax liabilities:
Depreciation and other property-related items	2,567		2,576
Other debt-related items	95		—
Intangibles	496		221
Prepaid expenses	20		24
Other	1		18
Total deferred tax liabilities	3,179		2,839
Net deferred tax liability	$	720	$	575

Reconciliation of Unrecognized Tax Benefits

Reconciliation of Unrecognized Tax Benefits

	Years Ended December 31,
(In millions)	2018			2017			2016
Balance as of beginning of year	$	162		$	115		$	3
Additions based on tax positions related to the current year	—			113			113
Additions for tax positions of prior years	13			1			—
Reductions for tax positions for prior years	(5		)	(92		)	(1		)
Acquisition of OpCo	—			67			—
Settlements	(1		)	—			—
Effect of changes in federal tax law	—			(42		)	—
Balance as of end of year	$	169		$	162		$	115

Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2018

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Effect on Statements of Operations of Discontinued Operations



		As of December 31,
(In millions)	Accrual Obligation End Date	2018		2017
Future obligations under land lease agreements ⁽¹⁾	December 2092	$	43	$	43
Iowa greyhound pari-mutuel racing fund	December 2021	33		40
Permanent closure of international properties ⁽²⁾	January 2032	10		18
Unbundling of electric service provided by NV Energy	February 2024	58		38
Total		$	144	$	139

____________________


⁽¹⁾	Associated with the abandonment of a construction project near the Mississippi Gulf Coast.

⁽²⁾

Properties include Alea Leeds, Golden Nugget and Southend.

Effect on Statements of Operations of Discontinued Operations

(In millions)	Year Ended December 31, 2016
Net revenues	$	678
Operating expenses ⁽¹⁾	748
Gain from discontinued operations	4,180
Pre-tax income from discontinued operations	4,110
Income from discontinued operations, net of income taxes	3,380

____________________

⁽¹⁾

Related Party Transactions Related Party Transactions (Tables)

12 Months Ended

Dec. 31, 2018



	Years Ended December 31,
(In millions)	2018		2017		2016
Transactions with Sponsors and their affiliates
Reimbursements and expenses	$	—	$	34	$	6
Expenses paid to Sponsors’ portfolio companies	—		3		2
Transactions with Horseshoe Baltimore
Management fees	10		3		—
Reimbursements and allocated expenses	5		16		—
Transactions with CEOC
Shared services allocated expenses to CEOC	—		312		368
Shared services allocated expenses from CEOC	—		71		148
Management fees incurred	—		33		45
Octavius Tower lease revenue	—		26		35
Other expenses incurred	—		9		14

Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2018

Condensed Statements of Operations - by Segment

Condensed Statements of Operations - By Segment

	Year Ended December 31, 2018
(In millions)	Las Vegas			Other U.S.			All Other			Elimination			Caesars
Casino	$	1,104		$	2,889		$	254		$	—		$	4,247
Food and beverage	975			571			28			—			1,574
Rooms	1,117			399			3			—			1,519
Management fees	—			—			63			(3		)	60
Reimbursed management costs	—			2			200			—			202
Entertainment and other	411			175			45			(3		)	628
Total contract revenues	3,607			4,036			593			(6		)	8,230
Other	146			11			5			(1		)	161
Net revenues	$	3,753		$	4,047		$	598		$	(7	)	$	8,391

Depreciation and amortization	$	582		$	501		$	62		$	—		$	1,145
Income/(loss) from operations	716			434			(411		)	—			739
Interest expense	(327		)	(556		)	(463		)	—			(1,346		)
Loss on extinguishment of debt	—			—			(1		)	—			(1		)
Other income	3			2			786			—			791
Income tax benefit ⁽¹⁾	—			—			121			—			121



	Year Ended December 31, 2017
(In millions)	Las Vegas			Other U.S.			All Other			Elimination			Caesars
Casino	$	864		$	1,188		$	116		$	—		$	2,168
Food and beverage	700			274			8			—			982
Rooms	872			201			1			—			1,074
Management fees	—			—			15			(3		)	12
Reimbursed management costs	1			1			46			—			48
Entertainment and other	300			84			24			(3		)	405
Total contract revenues	2,737			1,748			210			(6		)	4,689
Other	165			10			5			(1		)	179
Net revenues	$	2,902		$	1,758		$	215		$	(7	)	$	4,868

Depreciation and amortization	$	420		$	186		$	20		$	—		$	626
Income/(loss) from operations	549			199			(211		)	—			537
Interest expense	(65		)	(153		)	(555		)	—			(773		)
Gain on deconsolidation of subsidiary	—			31			—			—			31
Restructuring and support expenses	—			(177		)	(1,851		)	—			(2,028		)
Loss on extinguishment of debt	(4		)	(13		)	(215		)	—			(232		)
Other income	4			1			90			—			95
Income tax benefit ⁽¹⁾	—			2			1,993			—			1,995



	Year Ended December 31, 2016
(In millions)	Las Vegas			Other U.S.			All Other			Elimination		Caesars
Casino	$	765		$	802		$	41		$	—	$	1,608
Food and beverage	630			190			2			—		822
Rooms	800			150			—			—		950
Entertainment and other	257			55			7			—		319
Total contract revenues	2,452			1,197			50			—		3,699
Other	161			12			5			—		178
Net revenues	$	2,613		$	1,209		$	55		$	—	$	3,877

Depreciation and amortization	$	344		$	90		$	5		$	—	$	439
Income/(loss) from operations	526			163			(463		)	—		226
Interest expense	(21		)	(30		)	(548		)	—		(599		)
Restructuring and support expenses	—			—			(5,729		)	—		(5,729		)
Other losses	—			—			(29		)	—		(29		)
Income tax benefit/(provision) ⁽¹⁾	1			—			(328		)	—		(327		)

____________________

⁽¹⁾

Taxes are recorded at the consolidated level and not estimated or recorded to our Las Vegas and Other U.S. segments.

Condensed Balance Sheets - By Segment



	Year Ended December 31, 2018
(In millions)	Las Vegas			Other U.S.			All Other			Elimination		Caesars
Net income/(loss) attributable to Caesars	$	392		$	(122	)	$	33		$	—	$	303
Net income/(loss) attributable to noncontrolling interests	—			2			(1		)	—		1
Income tax benefit ⁽¹⁾	—			—			(121		)	—		(121		)
Loss on extinguishment of debt	—			—			1			—		1
Other income ⁽²⁾	(3		)	(2		)	(786		)	—		(791		)
Interest expense	327			556			463			—		1,346
Depreciation and amortization	582			501			62			—		1,145
Impairment of goodwill	—			17			26			—		43
Impairment of tangible and other intangible assets	—			26			9			—		35
Other operating costs ⁽³⁾	52			21			82			—		155
Stock-based compensation expense	8			10			61			—		79
Other items ⁽⁴⁾	4			5			103			—		112
Adjusted EBITDA	$	1,362		$	1,014		$	(68	)	$	—	$	2,308



	Year Ended December 31, 2017
(In millions)	Las Vegas			Other U.S.			All Other			Elimination		Caesars
Net income/(loss) attributable to Caesars	$	484		$	(103	)	$	(749	)	$	—	$	(368	)
Net loss attributable to noncontrolling interests	—			(7		)	—			—		(7		)
Income tax benefit ⁽¹⁾	—			(2		)	(1,993		)	—		(1,995		)
Gain on deconsolidation of subsidiary	—			(31		)	—			—		(31		)
Restructuring and support expenses	—			177			1,851			—		2,028
Loss on extinguishment of debt	4			13			215			—		232
Other income ⁽²⁾	(4		)	(1		)	(90		)	—		(95		)
Interest expense	65			153			555			—		773
Depreciation and amortization	420			186			20			—		626
Other operating costs ⁽³⁾	25			3			37			—		65
Stock-based compensation expense	4			3			36			—		43
Other items ⁽⁴⁾	9			7			74			—		90
Adjusted EBITDA	$	1,007		$	398		$	(44	)	$	—	$	1,361



	Year Ended December 31, 2016
(In millions)	Las Vegas			Other U.S.		All Other			Elimination		Caesars
Net income/(loss) attributable to Caesars	$	506		$	129	$	(3,684	)	$	—	$	(3,049	)
Net income/(loss) attributable to noncontrolling interests	—			4		(33		)	—		(29		)
Discontinued operations, net of income taxes	—			—		(3,380		)	—		(3,380		)
Income tax (benefit)/provision ⁽¹⁾	(1		)	—		328			—		327
Restructuring and support expenses	—			—		5,729			—		5,729
Other losses	—			—		29			—		29
Interest expense	21			30		548			—		599
Depreciation and amortization	344			90		5			—		439
Other operating costs ⁽³⁾	8			—		83			—		91
CIE stock-based compensation	—			—		189			—		189
Stock-based compensation expense	3			2		38			—		43
Other items ⁽⁴⁾	—			4		77			—		81
Adjusted EBITDA	$	881		$	259	$	(71	)	$	—	$	1,069

____________________


⁽¹⁾	Taxes are recorded at the consolidated level and not estimated or recorded to our Las Vegas and Other U.S. segments.


⁽²⁾	Amounts include changes in fair value of the derivative liability related to the conversion option of the CEC Convertible Notes and the disputed claims liability as well as interest and dividend income.

⁽³⁾

⁽⁴⁾

Condensed Balance Sheets - By Segment

	As of December 31, 2018
(In millions)	Las Vegas		Other U.S.		All Other		Elimination			Caesars
Total assets	$	13,987	$	8,565	$	6,046	$	(2,823	)	$	25,775
Total liabilities	5,730		5,143		11,267		297			22,437



	As of December 31, 2017
(In millions)	Las Vegas		Other U.S.		All Other		Elimination			Caesars
Total assets	$	14,145	$	6,865	$	7,458	$	(3,032	)	$	25,436
Total liabilities	5,239		5,012		11,780		108			22,139

Quarterly Results of Operations - Unaudited (Tables)

12 Months Ended

Dec. 31, 2018

Quarterly Financial Information Disclosure [Abstract]

Quarterly Results of Operations



(In millions, except per share amounts)	First Quarter			Second Quarter			Third Quarter			Fourth Quarter		Total
2018
Net revenues	$	1,972		$	2,119		$	2,185		$	2,115	$	8,391
Income from operations	125			282			232			100		739
Net income/(loss)	(34		)	29			111			198		304
Net income/(loss) attributable to Caesars	(34		)	29			110			198		303
Basic earnings/(loss) per share	(0.05		)	0.04			0.16			0.29		0.44
Diluted earnings/(loss) per share	(0.05		)	0.04			0.14			0.25		0.41

2017
Net revenues	$	966		$	1,008		$	993		$	1,901	$	4,868
Income from operations	150			149			84			154		537
Net income/(loss)	(508		)	(1,432		)	(439		)	2,004		(375		)
Net income/(loss) attributable to Caesars	(507		)	(1,432		)	(433		)	2,004		(368		)
Basic earnings/(loss) per share	(3.44		)	(9.62		)	(2.90		)	3.01		(1.32		)
Diluted earnings/(loss) per share	(3.44		)	(9.62		)	(2.90		)	2.48		(1.32		)

Description of Business Description of Business - Schedule of Business Acquisition (Details) - USD ($)
shares in Millions, $ in Millions

12 Months Ended

Oct. 06, 2017

Dec. 31, 2018

Dec. 31, 2017

Dec. 31, 2016

Stock Issued During Period for Merger and Emergence

$ 3,487

8,103

Other Significant Noncash Transaction, Value of Consideration Given

2,172

$ 0

$ 2,349

$ 0

177

$ 13,939

633

Stock Issued During Period for Merger and Emergence

$ 700

^[1]

1,774

Other Significant Noncash Transaction, Value of Consideration Given

$ 2,474

139

Stock Issued During Period for Merger and Emergence

$ 0

2,894

Other Significant Noncash Transaction, Value of Consideration Given

$ 2,894

Caesars Entertainment Operating Company [Member]

226

Stock Issued During Period for Merger and Emergence

$ 2,787

3,435

Other Significant Noncash Transaction, Value of Consideration Given

2,172

177

$ 8,571

268

[1]	(1) Approximately 139 million shares of CEC common stock issued at the Effective Date closing stock price of $12.80.

Description of Business - Additional Information (Details) $ in Millions				12 Months Ended
	Dec. 26, 2018 USD ($)	Jul. 11, 2018 USD ($)	Oct. 06, 2017 USD ($)	Dec. 31, 2018 USD ($) Casinos	Dec. 31, 2017 USD ($)	Dec. 31, 2016 USD ($)
Variable Interest Entity [Line Items]
Number Of Casinos Operated Or Managed \| Casinos				53
Restructuring and support expenses				$ 0	$ 2,028	$ 5,729
Long-term Debt				$ 8,965	8,913
Total Restructuring and Acquisition Consideration			$ 13,939
UNITED STATES
Variable Interest Entity [Line Items]
Number Of Casinos Operated Or Managed \| Casinos				50
Geographic Concentration Risk [Member] \| UNITED STATES
Variable Interest Entity [Line Items]
Number Of Casinos Operated Or Managed \| Casinos				14
Geographic Concentration Risk [Member] \| International [Member]
Variable Interest Entity [Line Items]
Number Of Casinos Operated Or Managed \| Casinos				5
Las Vegas, NV [Member] \| Geographic Concentration Risk [Member] \| UNITED STATES
Variable Interest Entity [Line Items]
Number Of Casinos Operated Or Managed \| Casinos				9
Sales Revenue, Net [Member] \| Las Vegas, NV [Member] \| Geographic Concentration Risk [Member] \| UNITED STATES
Variable Interest Entity [Line Items]
Concentration Risk, Percentage				45.00%
Caesars Entertainment Operating Company [Member]
Variable Interest Entity [Line Items]
Total Restructuring and Acquisition Consideration			$ 8,571
Harrah's Philadelphia [Member]
Variable Interest Entity [Line Items]
Sale Leaseback Transaction, Net Book Value	$ 242
Lease Modification Consideration	$ 159
Octavius Tower [Member]
Variable Interest Entity [Line Items]
Proceeds from Sale of Real Estate		$ 508
Convertible Debt [Member] \| Unsecured Debt [Member]
Variable Interest Entity [Line Items]
Long-term Debt				$ 1,083	$ 1,078

Basis of Presentation & Consolidation - Additional Information (Details) $ in Millions	3 Months Ended								8 Months Ended	12 Months Ended
	Dec. 31, 2018 USD ($)	Sep. 30, 2018 USD ($)	Jun. 30, 2018 USD ($)	Mar. 31, 2018 USD ($)	Dec. 31, 2017 USD ($)	Sep. 30, 2017 USD ($)	Jun. 30, 2017 USD ($)	Mar. 31, 2017 USD ($)	Aug. 31, 2017 USD ($)	Dec. 31, 2018 USD ($) reportable_segment	Dec. 31, 2017 USD ($)	Dec. 31, 2016 USD ($)
Variable Interest Entity [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	$ 2,115	$ 2,185	$ 2,119	$ 1,972	$ 1,901	$ 993	$ 1,008	$ 966		$ 8,391	$ 4,868	$ 3,877
Number of Reportable Segments \| reportable_segment										3
Net income/(loss) attributable to Caesars	198	$ 110	$ 29	$ (34)	2,004	$ (433)	$ (1,432)	$ (507)		$ 303	(368)	(3,049)
Total assets	25,775				25,436					25,775	25,436
Total liabilities	22,437				22,139					22,437	22,139
Long-term Debt	$ 8,965				8,913					8,965	8,913
Gain on deconsolidation of subsidiaries										0	31	0
Horseshoe Casino Baltimore [Member]
Variable Interest Entity [Line Items]
Net revenues									$ 190
Net income/(loss) attributable to Caesars									(7)
CBIC, LLC [Member]
Variable Interest Entity [Line Items]
Equity Method Investments, Fair Value Disclosure					$ 28						28
Gain on deconsolidation of subsidiaries											31
Horseshoe Casino Baltimore [Member] \| Variable Interest Entity, Primary Beneficiary [Member]
Variable Interest Entity [Line Items]
Total assets									350
Total liabilities									356
Long-term Debt									$ 294
Product and Service, Other [Member]
Variable Interest Entity [Line Items]
Revenue from Contract with Customer, Including Assessed Tax										789	584	497
Net revenues										$ 161	$ 179	$ 178

Summary of Significant Accounting Policies Reconciliation of Cash (Details) - USD ($) $ in Millions	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Accounting Policies [Abstract]
Cash and cash equivalents	$ 1,491	$ 2,558
Restricted cash, current	115	116
Restricted cash, non-current	51	35
Total cash, cash equivalents, and restricted cash	$ 1,657	$ 2,709	$ 4,658	$ 1,414

Summary of Significant Accounting Policies Summary of Significant Accounting Policies - Useful Lives (Details)	12 Months Ended
	Dec. 31, 2018
Land Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	12 years
Riverboats and Barges [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	30 years
Minimum [Member] \| Building [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	5 years
Minimum [Member] \| Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	3 years
Minimum [Member] \| Furniture, fixtures, and equipment
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	2 years 6 months
Maximum [Member] \| Building [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	40 years
Maximum [Member] \| Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	30 years
Maximum [Member] \| Furniture, fixtures, and equipment
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	12 years

Summary of Significant Accounting Policies - Additional Information (Detail) - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2018

Dec. 31, 2017

Dec. 31, 2016

Interest Costs Capitalized

$ 1,491

$ 2,558

$ 2

Advertising Expense

155

^[1]

^[2]

Variable Interest Entity, Primary Beneficiary [Member]

457

494

$ 167

Adjustments for New Accounting Pronouncement [Member]

$ 14

Discontinued Operations, Disposed of by Means Other than Sale [Member]

(2)

$ 19

[1]

(2) Amounts include changes in fair value of the derivative liability related to the conversion option of the CEC Convertible Notes and the disputed claims liability as well as interest and dividend income.

[2]

(3) Amounts primarily represent costs incurred in connection with development activities and reorganization activities, and/or recoveries associated with such items, including acquisition and integration costs, contract exit fees including exiting the fully bundled sales system of NV Energy for electric service at our Nevada properties, lease termination costs, gains and losses on asset sales, weather related property closure costs, demolition costs primarily at our Las Vegas properties for renovations, and project opening costs.

Recently Issued Accounting Pronouncements Recently Issued Accounting Pronouncements - Additional Information (Details)	12 Months Ended
	Dec. 31, 2018
ASU 2016-02 Leases (Topic 842) [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
New Accounting Pronouncement or Change in Accounting Principle, Description	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;text-decoration:underline;">Leases - February 2016 (amended through December 2018)</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">:</font><font style="font-family:inherit;font-size:10pt;"> The amended guidance is intended to increase transparency and comparability among organizations by requiring additional disclosures to reflect the significance of an entity’s leasing arrangements. The new standard establishes a right-of-use (“ROU”) model that requires a lessee to recognize an ROU asset and lease liability on the balance sheet for all leases with a term longer than 12 months. Many long-term operating leases, including agreements relating to real estate, will be recorded on the balance sheet as an ROU asset with a corresponding lease liability, which will be amortized using the effective interest rate method as payments are made. Certain leases embedded in other arrangements, such as service and supplier contracts, may be accounted for separately by allocating payments between lease and non-lease components.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The new standard provides a number of optional practical expedients in transition. We currently expect to elect the package of practical expedients, which permits us to carryforward our prior conclusions about lease identification, lease classification and initial direct costs. Additionally, we currently expect to adopt the practical expedient that allows comparative periods to be reported under current lease accounting guidance consistent with previously issued financial statements. We also do not currently expect to record leases on the balance sheet that at the commencement date have a lease term of twelve months or less. </font></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">While we continue to assess all of the effects of adoption, we currently believe the most significant effects relate to the recognition of new ROU assets and lease liabilities on our Balance Sheet for our real estate operating leases and providing significant new disclosures about our leasing activities. These operating leases will be recognized on a straight-line basis in rent expense. Additionally, we continue to evaluate the impact of the adoption on our existing failed sale-leaseback transactions. The Company expects the accounting for lease agreements where the Company is a lessor to be accounted for in the same manner as those agreements are accounted for under current accounting guidance.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">This guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. We will adopt the new standard on January 1, 2019 and have elected to apply the guidance as of the adoption date. Consequently, financial information will not be updated, and the disclosures required under the new standard will not be provided for dates and periods before January 1, 2019.</font></div></div>

Disclosure related to a new accounting pronouncement or a change in accounting principle, including the nature and reason for the change and the effect of the change on prior periods and the current period.

Property and Equipment Property, Plant and Equipment, Estimated Useful Lives (Details)	12 Months Ended
	Dec. 31, 2018
Land Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	12 years
Building [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	5 years
Building [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	40 years
Leasehold Improvements [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	3 years
Leasehold Improvements [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	30 years
Riverboats and Barges [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	30 years
Furniture, fixtures, and equipment \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	2 years 6 months
Furniture, fixtures, and equipment \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	12 years

Property and Equipment (Details) - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2018

Dec. 31, 2017

^[1]

Less: accumulated depreciation

$ 19,083

$ 18,287

(3,038)

(2,133)

Total property and equipment, net

^[2]

16,045

16,154

Prior Period Reclassification Adjustment

Land

Buildings, riverboats, and leasehold and land improvements

4,871

4,857

Furniture, fixtures, and equipment

12,243

11,824

1,563

1,277

Construction in progress

$ 406

$ 329

[1]

(1) We reclassified $73 million in land improvements to Buildings, riverboats and leasehold and land improvements to align with our 2018 reporting presentation.

[2]

Property and Equipment - Depreciation Expense and Other Amortization Expense (Details) - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2018

Dec. 31, 2017

Dec. 31, 2016

Property, Plant and Equipment [Member]

$ 83

$ 80

$ 55

Other amortization expense

^[1]

1,074

555

369

$ 3

$ 4

$ 5

[1]

Property and Equipment Property and Equipment Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Property, Plant and Equipment [Abstract]
Interest Costs Capitalized	$ 8	$ 6	$ 2
Tangible Asset Impairment Charges	$ 14

Business Combination - Composition of Consideration (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions

12 Months Ended

Jul. 16, 2021

Jul. 16, 2020

Jul. 16, 2018

Oct. 06, 2017

Dec. 31, 2018

Dec. 31, 2017

Dec. 31, 2016

Business Acquisition, Contingent Consideration [Line Items]

$ 66

$ 0

Stock Issued During Period for Merger and Emergence

$ 3,487

8,103

Business Combination, Settlement of pre-existing relationship

252

Business Acquisition, Equity Interest Issued or Issuable, Value Assigned

$ 2,726

633

Business Acquisition, Contingent Consideration [Line Items]

$ 1,636

^[1]

$ 1,702

Business Acquisition, Contingent Consideration [Line Items]

$ 2,474

Stock Issued During Period for Merger and Emergence

700

^[2]

$ 1,774

Shares Issued, Price Per Share

$ 12.80

Scenario, Forecast [Member] | Centaur Holdings, LLC [Member]

139

Business Acquisition, Contingent Consideration [Line Items]

Business Combination Deferred Consideration Face Value

$ 50

$ 25

[1]	(1) Deferred consideration is payable in an installment of $25 million on the second anniversary of the Centaur Closing Date and $50 million on the third anniversary of the Centaur Closing Date with prepayments and right of setoff permitted, subject to the terms and conditions of the Unit Purchase Agreement. $66 million represents the present value of future expected cash flows.
[2]	(1) Approximately 139 million shares of CEC common stock issued at the Effective Date closing stock price of $12.80.

Business Combination - Purchase Price Allocation (Details) - USD ($)
$ in Millions

12 Months Ended

Jul. 16, 2018

Oct. 06, 2017

Dec. 31, 2018

Dec. 31, 2017

14 years 9 months 18 days

Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net

^[1]

$ 4,044

$ 3,815

$ 2,726

Acquired PPE, Weighted Average Useful Life

35 years

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents

$ 39

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Receivables

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Prepaid Expense and Other Assets

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment

297

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill

^[2]

1,445

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets

1,809

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities

(92)

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities Noncurrent

(290)

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities

(382)

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net

1,427

^[3]

275

1,702

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets

$ 152

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities

(96)

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net

1,807

Business Combination, Acquisition of Less than 100 Percent, Noncontrolling Interest, Fair Value

1,751

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents

1,239

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Receivables

266

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment

8,943

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill

^[2]

$ 0

1,261

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets

12,089

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities

(765)

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities

(11,611)

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net

519

^[3]

2,207

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Other

2,474

200

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets

180

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-term Debt

(1,607)

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Liabilities

(8,310)

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities

(568)

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other

(361)

Business Combination, Acquisition of Less than 100 Percent, Noncontrolling Interest, Fair Value

Gaming rights | Centaur Holdings, LLC [Member]

2,207

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill

^[4]

1,390

Gaming rights | OpCo [Member]

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill

^[5]

207

Customer relationships | Centaur Holdings, LLC [Member]

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill

$ 41

Trade names and trademarks | Centaur Holdings, LLC [Member]

15 years

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill

$ 14

Trade names and trademarks | OpCo [Member]

2 years 6 months

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill

^[5]

664

Caesars Rewards | OpCo [Member]

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill

^[5]

253

Customer relationships

Customer relationships | OpCo [Member]

4 years 6 months

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill

$ 137

Other U.S. [Member] | Centaur Holdings, LLC [Member]

^[1]

$ 923

665

Other U.S. [Member] | OpCo [Member]

^[3]

$ 275

^[3]

$ 352

[1]	(2) $405 million of goodwill is associated with a reporting unit with zero or negative carrying value. As the reporting unit has a positive fair value, there was no impairment associated with this reporting unit.
[2]	(3) See Note 4 for further details relating to the acquisitions of OpCo and Centaur.
[3]	(1) See Note 4 for further details relating to the acquisitions of OpCo and Centaur.
[4]	(1) Indefinite-lived intangible assets.
[5]	Indefinite-lived intangible assets.

Business Combination - Pro Forma Information (Details) - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2018

Dec. 31, 2017

Dec. 31, 2016

Jul. 16, 2018

Oct. 06, 2017

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment

$ 8,943

Business Acquisition, Pro Forma Information [Table Text Block]



	(Unaudited)
	Years Ended December 31,
(In millions, except per share data)	2017		2016
Net revenues	$	8,349	$	8,529
Net income/(loss) attributable to Caesars	6,401		(2,570		)

$ 8,349

$ 8,529

6,401

$ (2,570)

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment

$ 297

Business Acquisition, Pro Forma Information [Table Text Block]



	(Unaudited)
	Years Ended December 31,
(In millions)	2018		2017
Net revenues	$	8,663	$	5,357
Net income/(loss) attributable to Caesars	166		(117		)

$ 8,663

5,357

$ 166

$ (117)

Business Combination - Summary of Merger (Details) $ in Millions	Oct. 06, 2017 USD ($)
OpCo [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets	$ 12,089
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities	(11,611)
Business Combination, Acquisition of Less than 100 Percent, Noncontrolling Interest, Fair Value	41
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net	519
Caesars Acquisition Company [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets	152
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities	(96)
Business Combination, Acquisition of Less than 100 Percent, Noncontrolling Interest, Fair Value	1,751
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net	$ 1,807

Business Combination - Additional Details (Details)
shares in Millions, $ in Millions

3 Months Ended

6 Months Ended

12 Months Ended

Jul. 16, 2018

USD ($)

Oct. 06, 2017

USD ($)

Dec. 31, 2017

USD ($)

Dec. 31, 2018

USD ($)

Dec. 31, 2018

USD ($)

reportable_segment

Dec. 31, 2017

USD ($)

Dec. 31, 2016

USD ($)

$ 494

$ 457

$ 494

$ 167

Number of Reportable Segments | reportable_segment

^[1]

3,815

4,044

$ 4,044

3,815

Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders

$ (20)

(3)

(5)

Conversion of Stock, Exchange Ratio

1.625

633

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities

$ 2,207

568

Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual

1,000

Business Combination, Pro Forma Information, Earnings or Loss of Acquiree since Acquisition Date, Actual

$ 2,474

139

226

Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual

License Transfer Fee

226

Business Combination, Pro Forma Information, Earnings or Loss of Acquiree since Acquisition Date, Actual

$ 1,702

Business Combination, Acquisition Related Costs

$ 1,636

Pro Forma [Member] | Centaur Holdings, LLC [Member]

Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount

185

Noncontrolling Interest [Member]

Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders

$ (13)

(20)

(3)

$ (5)

Loans Receivable [Member]

$ 69

$ 25

$ 69

[1]	(2) $405 million of goodwill is associated with a reporting unit with zero or negative carrying value. As the reporting unit has a positive fair value, there was no impairment associated with this reporting unit.

Business Combination Business Combinations - Acquired Markers Accretiable Yield (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2018	Oct. 06, 2017	Dec. 31, 2016
Business Combinations [Abstract]
Business Combination, Acquired Receivable, Fair Value			$ 139
Receivables, net	$ 494	$ 457		$ 167
Certain Loans Acquired in Transfer, Accretable Yield	6	3	$ 8
Accretion Expense	$ (2)	$ (3)

Goodwill and Other Intangible Assets - Changes in Carrying Value of Goodwill by Segment (Details) - USD ($)
$ in Millions

12 Months Ended

Jul. 16, 2018

Dec. 31, 2018

Dec. 31, 2017

Dec. 31, 2016

Oct. 06, 2017

Reporting Unit, Zero or Negative Carrying Amount, Amount of Allocated Goodwill

$ 405

7,267

$ 5,060

(3)

7,539

7,267

$ 5,060

Goodwill, Impaired, Accumulated Impairment Loss, Beginning

(43)

(3,452)

(3,495)

(3,452)

^[1]

4,044

3,815

Las Vegas, NV [Member]

6,204

4,410

6,204

4,410

Goodwill, Impaired, Accumulated Impairment Loss, Beginning

(3,115)

(3,115)

^[1]

3,089

1,002

650

1,277

1,002

650

Goodwill, Impaired, Accumulated Impairment Loss, Beginning

(17)

(337)

(354)

(337)

^[1]

923

665

(3)

Goodwill, Impaired, Accumulated Impairment Loss, Beginning

(26)

(26)

$ 0

^[1]

^[2]

2,207

OpCo [Member] | Las Vegas, NV [Member]

$ 2,207

OpCo [Member] | Other U.S. [Member]

^[2]

1,794

OpCo [Member] | Corporate and Other [Member]

^[2]

352

^[2]

$ 61

Centaur Holdings, LLC [Member] | Las Vegas, NV [Member]

^[2]

275

Centaur Holdings, LLC [Member] | Other U.S. [Member]

^[2]

Centaur Holdings, LLC [Member] | Corporate and Other [Member]

^[2]

$ 275

^[2]

$ 0

[1]	(2) $405 million of goodwill is associated with a reporting unit with zero or negative carrying value. As the reporting unit has a positive fair value, there was no impairment associated with this reporting unit.
[2]	(1) See Note 4 for further details relating to the acquisitions of OpCo and Centaur.

Goodwill and Other Intangible Assets - Changes in Intangible Assets Other Than Goodwill (Details) - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2018

Dec. 31, 2017

Impairment of Intangible Assets, Finite-lived

^[1]

$ 0

Finite-Lived Intangible Assets, Other Charges

(68)

(67)

^[2]

Amortizing Intangible Assets, Other

^[3]

Amortizing Intangible Assets, Ending Balance

342

355

Other Non-Amortizing Intangible Assets, Beginning Balance

1,254

148

Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)

^[1]

(21)

Indefinite-lived Intangible Assets, Other Charges

^[2]

(22)

Indefinite-lived Intangible Assets, Period Increase (Decrease)

^[3]

(8)

Other Non-Amortizing Intangible Assets, Ending Balance

2,635

1,254

Intangible assets other than goodwill, Beginning Balance

1,609

433

Impairment of Intangible Assets (Excluding Goodwill)

^[1]

(21)

Intangible Assets Acquired

^[3]

Increase (Decrease) in Intangible Assets, Current

(8)

Intangible assets other than goodwill, Ending Balance

2,977

1,609

Amortizing Intangible Assets, Beginning Balance

355

285

^[4]

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill

^[4]

1,390

^[4]

1,445

^[4]

137

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill

^[4]

1,124

^[4]

$ 1,261

Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)

^[1]

Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)

^[1]

$ 9

[1]	(1) $12 million recognized in our Other U.S. segment and $9 million recognized in our All Other segment.
[2]	(2) See Note 2 or further details relating to the deconsolidation of Horseshoe Baltimore.
[3]	(4) Other additions of $20 million are related to gaming rights.
[4]	(3) See Note 4 for further details relating to the acquisitions of OpCo and Centaur.

Goodwill and Other Intangible Assets - Carrying Value and Accumulated Amortization for Each Major Class of Intangible Assets Other Than Goodwill (Details) - USD ($) $ in Millions		12 Months Ended
	Oct. 06, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Intangible Assets Excluding Goodwill [Line Items]
Weighted Average Remaining Useful Life (in years)	14 years 9 months 18 days
Gross Carrying Amount		$ 1,131	$ 1,076
Accumulated Amortization		(789)	(721)
Net Carrying Amount		342	355	$ 285
Carrying value and accumulated amortization for each major class of intangible assets other than goodwill
Non amortizing intangible assets		2,635	1,254	148
Total intangible assets other than goodwill		2,977	1,609	$ 433
Trademarks
Carrying value and accumulated amortization for each major class of intangible assets other than goodwill
Non amortizing intangible assets		790	790
Gaming rights
Carrying value and accumulated amortization for each major class of intangible assets other than goodwill
Non amortizing intangible assets		1,592	211
Caesars Rewards
Carrying value and accumulated amortization for each major class of intangible assets other than goodwill
Non amortizing intangible assets		$ 253	253
Trade names and trademarks
Intangible Assets Excluding Goodwill [Line Items]
Weighted Average Remaining Useful Life (in years)		2 years 3 months 18 days
Gross Carrying Amount		$ 14	0
Accumulated Amortization		(3)	0
Net Carrying Amount		$ 11	0
Customer relationships
Intangible Assets Excluding Goodwill [Line Items]
Weighted Average Remaining Useful Life (in years)		4 years 6 months
Gross Carrying Amount		$ 1,071	1,030
Accumulated Amortization		(756)	(693)
Net Carrying Amount		$ 315	337
Contract rights
Intangible Assets Excluding Goodwill [Line Items]
Weighted Average Remaining Useful Life (in years)		6 years
Gross Carrying Amount		$ 3	3
Accumulated Amortization		(2)	(2)
Net Carrying Amount		$ 1	1
Gaming rights
Intangible Assets Excluding Goodwill [Line Items]
Weighted Average Remaining Useful Life (in years)		5 years 6 months
Gross Carrying Amount		$ 43	43
Accumulated Amortization		(28)	(26)
Net Carrying Amount		$ 15	$ 17

Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets - Estimated Five-Year Amortization (Details) $ in Millions	Dec. 31, 2018 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months	$ 71
Finite-Lived Intangible Assets, Amortization Expense, Year Two	71
Finite-Lived Intangible Assets, Amortization Expense, Year Three	60
Finite-Lived Intangible Assets, Amortization Expense, Year Four	17
Finite-Lived Intangible Assets, Amortization Expense, Year Five	$ 15

Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets - Additional Information (Details) - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2018

Dec. 31, 2017

Dec. 31, 2016

Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)

$ 43

$ 0

^[1]

(21)

Continuing Operations [Member]

(68)

(67)

(68)

$ (67)

$ 65

Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)

^[1]

$ 12

[1]	(1) $12 million recognized in our Other U.S. segment and $9 million recognized in our All Other segment.

Fair Value Measurements - Items Measured at Fair Value on a Recurring Basis (Details) - USD ($)
$ in Millions

12 Months Ended

Oct. 01, 2018

Dec. 31, 2018

Dec. 31, 2017

Dec. 31, 2016

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Transfers out of Level 3

^[1],[2],[3]

$ 0

Liability [Member] | Fair Value, Inputs, Level 2 [Member]

$ 45

$ 112

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Transfers out of Level 3

^[1]

(73)

Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Assets [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Assets [Member] | Fair Value, Inputs, Level 1 [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Assets [Member] | Fair Value, Inputs, Level 2 [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Assets [Member] | Fair Value, Inputs, Level 3 [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Assets [Member] | Equity Securities [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Assets [Member] | Equity Securities [Member] | Fair Value, Inputs, Level 1 [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Assets [Member] | Equity Securities [Member] | Fair Value, Inputs, Level 2 [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Assets [Member] | Equity Securities [Member] | Fair Value, Inputs, Level 3 [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Assets [Member] | US Treasury and Government [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Assets [Member] | US Treasury and Government [Member] | Fair Value, Inputs, Level 1 [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Assets [Member] | US Treasury and Government [Member] | Fair Value, Inputs, Level 2 [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Assets [Member] | US Treasury and Government [Member] | Fair Value, Inputs, Level 3 [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Liability [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

391

1,128

Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Liability [Member] | Fair Value, Inputs, Level 1 [Member]

112

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Liability [Member] | Fair Value, Inputs, Level 2 [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

391

Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Liability [Member] | Fair Value, Inputs, Level 3 [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Settlements

(29)

112

1,128

Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value

112

^[2]

112

$ 0

CEC Convertible Notes | Liability [Member] | Fair Value, Inputs, Level 2 [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Transfers out of Level 3

^[1],[2]

$ (738)

CEC Convertible Notes | Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Liability [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

CEC Convertible Notes | Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Liability [Member] | Fair Value, Inputs, Level 1 [Member]

324

1,016

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

CEC Convertible Notes | Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Liability [Member] | Fair Value, Inputs, Level 2 [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

CEC Convertible Notes | Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Liability [Member] | Fair Value, Inputs, Level 3 [Member]

324

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Settlements

^[2]

1,080

Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value

1,016

^[2]

$ 1,016

$ 0

Interest Rate Swap [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Assets [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Interest Rate Swap [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Assets [Member] | Fair Value, Inputs, Level 1 [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Interest Rate Swap [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Assets [Member] | Fair Value, Inputs, Level 2 [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Interest Rate Swap [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Assets [Member] | Fair Value, Inputs, Level 3 [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Interest Rate Swap [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Liability [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Interest Rate Swap [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Liability [Member] | Fair Value, Inputs, Level 1 [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Interest Rate Swap [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Liability [Member] | Fair Value, Inputs, Level 2 [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Interest Rate Swap [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Liability [Member] | Fair Value, Inputs, Level 3 [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]

$ 0

[1]	Due to a change in valuation methodology of the CEC Convertible Notes on October 1, 2018, the derivative liability of the CEC Convertible Notes and the Disputed claims liability were transferred to Level 2.
[2]	The CEC Convertible Notes were remeasured at fair value and issued on the Effective Date with a debt component and a derivative liability component. See Note 12 for further details on the debt portion of the CEC Convertible Notes. The derivative portion of the CEC Convertible Notes is a recurring fair value measurement, see below.
[3]	The VICI Call Right was remeasured at fair value and then transferred to Accrued expenses and other current liabilities on the Balance Sheet upon settlement on the Effective Date because it is an option related to real estate and not a derivative. See Note 9

Fair Value Measurements Fair Value Measurements - Changes in Level 3 Fair Value Measurements (Details) - USD ($)
$ in Millions

12 Months Ended

Oct. 01, 2018

Dec. 31, 2018

Dec. 31, 2017

Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Transfers out of Level 3

^[1],[2],[3]

$ 0

Fair Value, Inputs, Level 3 [Member] | Liability [Member]

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]

Fair Value, Inputs, Level 2 [Member] | Liability [Member]

$ 24

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]

Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Transfers out of Level 3

^[1]

(73)

Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | Convertible Debt [Member]

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]

^[2]

Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | Call Option [Member]

^[2]

$ 0

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]

^[3]

Fair Value, Measurements, Recurring [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | Liability [Member]

^[3]

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]

112

Settlement of Restructuring Support and Forbearance Agreement Accrual

(112)

(10)

Fair Value, Measurements, Recurring [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | Convertible Debt [Member]

^[2]

112

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]

^[2]

1,600

Settlement of Restructuring Support and Forbearance Agreement Accrual

^[2]

640

^[2]

2,240

^[2]

Fair Value, Measurements, Recurring [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | Call Option [Member]

^[2]

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]

^[3]

131

Settlement of Restructuring Support and Forbearance Agreement Accrual

^[3]

^[3]

177

^[3]

CEC Convertible Notes | Fair Value, Inputs, Level 2 [Member] | Liability [Member]

^[3]

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]

Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Transfers out of Level 3

^[1],[2]

$ (738)

CEC Convertible Notes | Fair Value, Measurements, Recurring [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | Liability [Member]

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]

^[2]

1,016

Settlement of Restructuring Support and Forbearance Agreement Accrual

^[2]

^[2]

(4)

(1,080)

^[2]

(282)

(64)

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

^[2]

$ 0

$ 1,016

[1]	Due to a change in valuation methodology of the CEC Convertible Notes on October 1, 2018, the derivative liability of the CEC Convertible Notes and the Disputed claims liability were transferred to Level 2.
[2]	The CEC Convertible Notes were remeasured at fair value and issued on the Effective Date with a debt component and a derivative liability component. See Note 12 for further details on the debt portion of the CEC Convertible Notes. The derivative portion of the CEC Convertible Notes is a recurring fair value measurement, see below.
[3]	The VICI Call Right was remeasured at fair value and then transferred to Accrued expenses and other current liabilities on the Balance Sheet upon settlement on the Effective Date because it is an option related to real estate and not a derivative. See Note 9

Fair Value Measurements Fair Value Measurements - Interest Rage Swap Derivatives (Details) $ in Millions	12 Months Ended
	Dec. 31, 2018 USD ($)
Derivative [Line Items]
Derivative, Notional Amount	$ 3,000
Designated as Hedging Instrument [Member] \| Interest Rate Swap at 2.274% [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 250
Derivative, Fixed Interest Rate	2.274%
Derivative, Variable Interest Rate	2.522%
Derivative, Maturity Date	Dec. 31, 2022
Designated as Hedging Instrument [Member] \| Interest Rate Swap at 2.828% effective 12/31/2018 [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 200
Derivative, Fixed Interest Rate	2.828%
Derivative, Variable Interest Rate	2.522%
Derivative, Maturity Date	Dec. 31, 2022
Designated as Hedging Instrument [Member] \| Interest Rate Swap at 2.739% effective 12/31/2018 [Member] [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 600
Derivative, Fixed Interest Rate	2.739%
Derivative, Variable Interest Rate	2.522%
Derivative, Maturity Date	Dec. 31, 2022
Designated as Hedging Instrument [Member] \| Interest Rate Swap at 2.153% [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 250
Derivative, Fixed Interest Rate	2.153%
Derivative, Maturity Date	Dec. 31, 2020
Designated as Hedging Instrument [Member] \| Interest Rate Swap at 2.196% [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 250
Derivative, Fixed Interest Rate	2.196%
Derivative, Maturity Date	Dec. 31, 2021
Designated as Hedging Instrument [Member] \| Interest Rate Swap at 2.788% [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 400
Derivative, Fixed Interest Rate	2.788%
Derivative, Maturity Date	Dec. 31, 2021
Designated as Hedging Instrument [Member] \| Interest Rate Swap at 2.828% effective 01/01/2019 [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 200
Derivative, Fixed Interest Rate	2.828%
Derivative, Maturity Date	Dec. 31, 2022
Designated as Hedging Instrument [Member] \| Interest Rate Swap at 2.172% [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 250
Derivative, Fixed Interest Rate	2.172%
Derivative, Maturity Date	Dec. 31, 2020
Designated as Hedging Instrument [Member] \| Interest Rate Swap @ 2.731% [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 200
Derivative, Fixed Interest Rate	2.731%
Derivative, Maturity Date	Dec. 31, 2020
Designated as Hedging Instrument [Member] \| Interest Rate Swap at 2.707% [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 400
Derivative, Fixed Interest Rate	2.707%
Derivative, Maturity Date	Dec. 31, 2021

Fair Value Measurements - Additional Details (Details)
$ / shares in Units, shares in Millions, $ in Millions

12 Months Ended

Dec. 31, 2019

USD ($)

Dec. 31, 2018

USD ($)

interest_rate_swap_agreements

$ / shares

Dec. 31, 2017

USD ($)

Dec. 31, 2016

USD ($)

Increase (Decrease) in Derivative Liabilities

$ 8,965

$ 8,913

$ (697)

$ (64)

$ 0

Description of Interest Rate Derivative Activities

During the years ended December 31, 2018 and 2017, respectively, we entered into six and four interest rate swap agreements to fix the interest rate on $2.0 billion and $1.0 billion of variable rate debt.

Derivative, Notional Amount

$ 3,000

Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Gain (Loss) Included in Other Comprehensive Income (Loss)

$ 16

Convertible Debt [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Debt Instrument, Convertible, Conversion Price | $ / shares

7.00%

4.75%

$ 122.38

CEC Convertible Notes, Convertible Number of Shares | shares

156

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Debt Instrument, Convertible, Conversion Price | $ / shares

$ 7.19

Convertible Debt [Member] | Unsecured Debt [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

$ 1,083

$ 1,078

Debt Instrument, Face Amount

^[1]

5.00%

$ 1,100

Scenario, Forecast [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Other Comprehensive Income (Loss), Financial Liability, Fair Value Option, Reclassification Adjustment from AOCI for Derecognition, before Tax

$ 1

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Number of Interest Rate Derivatives Held | interest_rate_swap_agreements

Liability [Member] | Fair Value, Inputs, Level 3 [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Fair Value, Measured on Recurring Basis, Gain (Loss) Included in Earnings

$ 24

Liability [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Fair Value, Measured on Recurring Basis, Gain (Loss) Included in Earnings

Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Gain (Loss) Included in Earnings

$ (10)

$ 0

Measurement Input, Expected Term [Member] | Convertible Debt [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Fair Value Assumptions, Expected Term

7 years

Measurement Input, Discount Rate [Member] | Convertible Debt [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Fair Value Inputs, Discount Rate

5.00%

Measurement Input, Price Volatility [Member] | Convertible Debt [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Measurement Input, Risk Free Interest Rate [Member] | Convertible Debt [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]

0.30

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

NetOfTrust [Member] | Convertible Debt [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]

0.023

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

CEC Convertible Notes, Convertible Number of Shares | shares

151

[1]	(1) Interest rate is fixed, except where noted.

Detail of Accrued Expenses and Other Current Liabilities - Detail of Accrued Expenses (Details) - USD ($) $ in Millions	Dec. 31, 2018	Dec. 31, 2017
Detail of Accrued Expenses [Abstract]
Payroll and other compensation	$ 281	$ 268
Self-insurance claims and reserves	177	177
VICI Call Right	173	192
Accrued taxes	157	137
Advance deposits	92	126
Disputed claims liability (See Note 11)	45	112
Chip and token liability	37	38
Other accruals	255	276
Total accrued expenses and other current liabilities	$ 1,217	$ 1,326

Leases - Future Minimum Rental Commitments (Details) $ in Millions	Dec. 31, 2018 USD ($)
Leases [Abstract]
Noncancelable Operating Leases, Due 2019	$ 82
Minimum Lease Payments, Sale Leaseback Transactions, Next Twelve Months	753
Noncancelable Operating Leases, Due 2020	70
Minimum Lease Payments, Sale Leaseback Transactions, within Two Years	809
Noncancelable Operating Leases, Due 2021	57
Minimum Lease Payments, Sale Leaseback Transactions, within Three Years	822
Noncancelable Operating Leases, Due 2022	53
Minimum Lease Payments, Sale Leaseback Transactions, within Four Years	836
Noncancelable Operating Leases, Due 2023	51
Minimum Lease Payments, Sale Leaseback Transactions, within Five Years	855
Noncancelable Operating Leases, Due 2024 and thereafter	966
Minimum Lease Payments, Sale Leaseback Transactions, Thereafter	34,333
Noncancelable Operating Leases, Total minimum rental commitments	1,279
Minimum Lease Payments, Sale Leaseback Transactions	$ 38,408

Leases - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Operating Leased Assets [Line Items]
Operating Leases, Rent Expense, Net	$ 118	$ 84	$ 74
Collaborative Arrangement, Rights and Obligations	Each lease agreement provides for fixed rent (subject to escalation) during an initial term, then rent consisting of both base rent and variable percentage rent elements, and has a 15-year initial term and four five-year renewal options, subject to certain restrictions on extension applicable to certain of the leased properties. The CEOC LLC Lease Agreements and the Harrah’s Las Vegas lease provide for annual fixed rent of $695 million and $87 million, respectively. Each of the leases includes escalation provisions beginning in year two of the initial term and continuing through the renewal terms. The leases also include provisions for contingent rental payments calculated, in part, based on increases or decreases of net revenue of the underlying lease properties, commencing in year eight of the initial term and continuing through the renewal terms.
Minimum [Member]
Operating Leased Assets [Line Items]
Lessee, Operating Lease, Term of Contract	1 year
Maximum [Member]
Operating Leased Assets [Line Items]
Lessee, Operating Lease, Term of Contract	79 years

Litigation, Contractual Commitments and Contingent Liabilities Litigation - Exit Costs Accrual Composition (Details) - USD ($)
$ in Millions

Dec. 31, 2018

Dec. 31, 2017

Disposal Group, Including Discontinued Operation, Other Liabilities

$ 144

$ 139

Harrah's Gulf Coast construction project [Member] | Caesars Entertainment Operating Company [Member] | Discontinued Operations, Disposed of by Means Other than Sale, Abandonment [Member]

Disposal Group, Including Discontinued Operation, Other Liabilities

^[1]

Horseshoe Council Bluffs [Member] | Caesars Entertainment Operating Company [Member] | Discontinued Operations, Disposed of by Means Other than Sale, Abandonment [Member]

Disposal Group, Including Discontinued Operation, Other Liabilities

Disposal Group Other [Member] | Caesars Entertainment Operating Company [Member] | Discontinued Operations, Disposed of by Means Other than Sale, Abandonment [Member]

Disposal Group, Including Discontinued Operation, Other Liabilities

^[2]

Disposal Group, Including Discontinued Operation, Other Liabilities

$ 58

$ 38

[1]	(1) Associated with the abandonment of a construction project near the Mississippi Gulf Coast.
[2]	(2) Properties include Alea Leeds, Golden Nugget and Southend.

Litigation, Contractual Commitments and Contingent Liabilities Litigation, Contractual Commitments and Contingent Liabilities - Additional Information (Details) - USD ($)
shares in Millions, $ in Millions

12 Months Ended

72 Months Ended

Dec. 31, 2018

Sep. 01, 2023

Dec. 31, 2017

$ 173

$ 192

Contractual obligation, minimum guarantee

^[1]

11,945

Share-based Compensation Arrangement by Share-based Payment Award Accelerated Compensation Cost

Employee Service Share-based Compensation, Allocation of Recognized Period Costs, Capitalized Amount

Bankruptcy Claims, Amount of Claims Filed

590

$ 112

Restricted Cash and Cash Equivalents

$ 49

Common Stock, Capital Shares Reserved for Future Issuance

Convertible Notes Payable [Member]

VICI Properties, Inc. [Member]

$ 32

Long-term Purchase Commitment, Description

Under the CEOC LLC Lease Agreements and the Harrah’s Las Vegas lease, we are required to spend certain minimum amounts on capital expenditures.

Golf Courses [Member] | VICI Properties, Inc. [Member]

Long-term Purchase Commitment, Period

35 years

Debt Instrument, Annual Principal Payment

$ 10

Annual Use Fee

Liabilities, Other than Long-term Debt, Noncurrent

143

Finance Lease, Right-of-Use Asset, Amortization

Business Exit Costs Fair Value

Scenario, Forecast [Member] | Contract Termination [Member]

Sports Partnership [Member]

$ 31

$ 177

[1]

Debt - Summary of Debt (Details) - USD ($)
$ in Millions

2 Months Ended

3 Months Ended

4 Months Ended

12 Months Ended

Dec. 31, 2018

Nov. 02, 2018

Aug. 01, 2018

May 03, 2018

Apr. 15, 2018

Dec. 31, 2018

Dec. 31, 2017

Dec. 18, 2017

Oct. 06, 2017

$ 9,075

Long-term Debt, Current Maturities

8,965

$ 8,913

(164)

(64)

Long Term Debt Non Current Face Value

8,911

Long-term Debt, Excluding Current Maturities

8,801

8,849

Unamortized discounts

110

121

Long-term Debt, Fair Value

$ 8,527

Unsecured Debt [Member] | Convertible Debt [Member]

2024

^[1]

5.00%

$ 1,083

1,083

$ 1,083

1,078

Caesars Resort Collection [Member] | Line of Credit [Member] | Revolving Credit Facility [Member]

5,700

2022

^[2]

100

$ 100

Caesars Resort Collection [Member] | Line of Credit [Member] | Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member]

^[2]

$ 100

Caesars Resort Collection [Member] | Secured Debt [Member] | Term Loan [Member]

2.13%

2.00%

2.13%

2.25%

2.00%

2024

$ 4,653

^[3]

$ 4,653

^[3]

4,700

Caesars Resort Collection [Member] | Secured Debt [Member] | Term Loan [Member] | London Interbank Offered Rate (LIBOR) [Member]

^[3]

$ 4,577

$ 4,616

Caesars Resort Collection [Member] | Unsecured Debt [Member] | Term Loan [Member]

2.75%

2025

^[1]

5.25%

$ 1,700

Caesars Resort Collection [Member] | Unsecured Debt [Member] | Special Improvement District Bonds [Member]

1,668

$ 1,668

$ 1,664

CEOC LLC [Member] | Line of Credit [Member] | Revolving Credit Facility [Member]

2037

2022

^[4]

$ 0

CEOC LLC [Member] | Line of Credit [Member] | Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member]

^[4]

$ 0

CEOC LLC [Member] | Secured Debt [Member] | Term Loan [Member]

2.00%

2024

^[5]

1,485

$ 1,485

CEOC LLC [Member] | Secured Debt [Member] | Term Loan [Member] | London Interbank Offered Rate (LIBOR) [Member]

$ 1,483

^[5]

$ 1,483

^[5]

1,499

^[5]

$ 265

$ 1,235

Caesars Growth Partners, LLC [Member] | Unsecured Debt [Member] | Special Improvement District Bonds [Member]

2.50%

2.00%

^[1]

4.30%

$ 54

$ 54

$ 56

[1]	(1) Interest rate is fixed, except where noted.
[2]	LIBOR”) plus 2.00%. On May 4, 2018, the interest rate was reduced from the previous LIBOR plus 2.25% to LIBOR plus 2.13% and on August 2, 2018, the interest rate was further reduced to LIBOR plus 2.00% due to step-downs based on the senior secured leverage ratio in accordance with the CRC Credit Agreement. On November 2, 2018, the interest rate was increased to LIBOR plus 2.13% due to a step-up based on the senior secured leverage ratio as of September 30, 2018.
[3]	LIBOR plus 2.75%.
[4]	LIBOR plus 2.00%
[5]	LIBOR plus 2.00%. On April 16, 2018, the interest rate was repriced from the previous LIBOR plus 2.50%, see below.

Debt - Annual Estimated Debt Service Requirements (Details)
$ in Millions

Dec. 31, 2018

USD ($)

interest_rate_swap_agreements

Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months

$ 164

Long-term Debt, Maturities, Repayments of Principal in Year Two

Long-term Debt, Maturities, Repayments of Principal in Year Three

Long-term Debt, Maturities, Repayments of Principal in Year Four

Long-term Debt, Maturities, Repayments of Principal in Year Five

Long-term Debt, Maturities, Repayments of Principal after Year Five

8,655

Long-term debt, Maturities, Repayments of Principal, Total

9,075

Contractual Obligation, Due in Next Fiscal Year

644

^[1]

Contractual Obligation, Due in Second Year

534

^[1]

Contractual Obligation, Due in Third Year

534

^[1]

Contractual Obligation, Due in Fourth Year

524

^[1]

Contractual Obligation, Due in Fifth Year

514

^[1]

Contractual Obligation, Due after Fifth Year

9,195

^[1]

Contractual Obligation, Total

11,945

^[1]

Interest Expense [Member]

Other Commitment, Due in Next Twelve Months

480

Other Commitment, Due in Second Year

470

Other Commitment, Due in Third Year

470

Other Commitment, Due in Fourth Year

460

Other Commitment, Due in Fifth Year

450

Other Commitment, Due after Fifth Year

540

Other Commitment, Total

$ 2,870

Number of Interest Rate Derivatives Held | interest_rate_swap_agreements

[1]

Debt - Summary of Debt and Revolving Credit Facility Cash Flows from Financing Activities (Details) - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2018

Dec. 31, 2017

Dec. 31, 2016

$ 1,167

(1,130)

$ (7,846)

$ (268)

Capital Lease Obligations [Member]

(1)

$ (232)

$ 0

Proceeds from (Repayments of) Long-term Debt and Capital Securities

Repayments of Debt and Capital Lease Obligations

(1)

Extinguishment of Debt, Amount

Caesars Resort Collection [Member] | Line of Credit [Member] | Revolving Credit Facility [Member]

700

(600)

Caesars Resort Collection [Member] | Secured Debt [Member] | Term Loan [Member]

(47)

CEOC LLC [Member] | Secured Debt [Member] | Term Loan [Member]

^[1]

467

^[1]

(482)

^[1]

$ (1)

[1]	(1) Includes amounts related to Amendment No. 1 to the CEOC LLC Credit Agreement discussed above.

Debt - Additional Information (Details)
$ / shares in Units, shares in Millions

8 Months Ended

12 Months Ended

Dec. 31, 2018

USD ($)

$ / shares

Dec. 31, 2018

USD ($)

count

$ / shares

Dec. 31, 2017

USD ($)

Dec. 31, 2016

USD ($)

Dec. 18, 2017

USD ($)

Oct. 06, 2017

USD ($)

Current Fiscal Year End Date

--12-31

Debt Instrument, Covenant Description

$ 1,130,000,000

$ 7,846,000,000

$ 268,000,000

$ 8,965,000,000

8,965,000,000

$ 8,913,000,000

Debt Conversion, Converted Instrument, Amount

9,075,000,000

$ 1.00

Debt Instrument, Convertible, Threshold Trading Days | count

Debt Instrument, Convertible, Threshold Consecutive Trading Days | count

Debt Instrument, Convertible, Latest Date

Oct. 06, 2024

Amount of Restricted Net Assets for Consolidated and Unconsolidated Subsidiaries

$ 3,200,000,000

Debt Instrument, Convertible, Conversion Ratio

0.139

Debt Instrument, Convertible, Conversion Price | $ / shares

$ 7.19

Stockholders' Equity Note, Impact of Conversion of Contingently Convertible Securities on Diluted Earnings Per Share

If all the shares were issued on the Effective Date, they would have represented approximately 17.9% of the shares of CEC common stock outstanding on a fully diluted basis.

Debt Instrument, Convertible, Threshold Percentage of Stock Price Trigger

140.00%

Debt Instrument, Convertible, Remaining Discount Amortization Period

5 years 9 months

Unsecured Debt [Member] | Convertible Debt [Member]

Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate

$ 1,083,000,000

$ 1,078,000,000

5.00%

$ 1,083,000,000

^[1]

5.00%

CEOC LLC [Member]

CEOC LLC [Member] | Secured Debt [Member] | Term Loan [Member]

The CEOC LLC Term Loan requires scheduled quarterly principal payments in amounts equal to 0.25% of the original aggregate principal amount, with the balance due at maturity. The CEOC LLC Credit Agreement also includes customary voluntary and mandatory prepayment provisions, subject to certain exceptions.

^[2]

$ 482,000,000

$ 1,483,000,000

^[3]

1,483,000,000

^[3]

$ 1,499,000,000

^[3]

$ 265,000,000

$ 1,235,000,000

CEOC LLC [Member] | Line of Credit [Member] | Revolving Credit Facility [Member]

^[3]

1,485,000,000

^[4]

Debt Instrument, Description of Variable Rate Basis

$ 39,000,000

Amendment Description

Line of Credit Facility, Commitment Fee Description

Line of Credit Facility, Maximum Borrowing Capacity

200,000,000

^[4]

$ 0

Caesars Resort Collection [Member] | Secured Debt [Member] | Term Loan [Member]

5,700,000,000

$ 47,000,000

^[5]

4,577,000,000

4,616,000,000

Caesars Resort Collection [Member] | Secured Debt [Member] | Revolving Credit Facility [Member]

4,653,000,000

^[5]

4,653,000,000

^[5]

4,700,000,000

Caesars Resort Collection [Member] | Line of Credit [Member] | Revolving Credit Facility [Member]

36,000,000

600,000,000

Debt Instrument, Description of Variable Rate Basis

^[6]

100,000,000

$ 100,000,000

Line of Credit Facility, Commitment Fee Description

Line of Credit Facility, Maximum Borrowing Capacity

1,000,000,000.0

Caesars Resort Collection [Member] | Unsecured Debt [Member] | Term Loan [Member]

^[6]

100,000,000

$ 100,000,000

1,668,000,000

$ 1,664,000,000

$ 1,700,000,000

Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Convertible Debt [Member]

^[1]

5.25%

Debt Instrument, Convertible, Conversion Price | $ / shares

7.00%

4.75%

$ 122.38

Debt Conversion, Converted Instrument, Shares Issued | shares

156

NetOfTrust [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Convertible Debt [Member]

Debt Conversion, Converted Instrument, Shares Issued | shares

151

[1]	(1) Interest rate is fixed, except where noted.
[2]	(1) Includes amounts related to Amendment No. 1 to the CEOC LLC Credit Agreement discussed above.
[3]	LIBOR plus 2.00%. On April 16, 2018, the interest rate was repriced from the previous LIBOR plus 2.50%, see below.
[4]	LIBOR plus 2.00%
[5]	LIBOR plus 2.75%.
[6]	LIBOR”) plus 2.00%. On May 4, 2018, the interest rate was reduced from the previous LIBOR plus 2.25% to LIBOR plus 2.13% and on August 2, 2018, the interest rate was further reduced to LIBOR plus 2.00% due to step-downs based on the senior secured leverage ratio in accordance with the CRC Credit Agreement. On November 2, 2018, the interest rate was increased to LIBOR plus 2.13% due to a step-up based on the senior secured leverage ratio as of September 30, 2018.

Stockholders' Equity and Loss Per Share Additional Information (Details) - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Aug. 10, 2018	May 02, 2018
Stockholders Equity Noncontrolling Interests and Income (Loss) Per Share [Abstract]
Stock Repurchase Program, Authorized Amount				$ 750	$ 500
Treasury Stock, Shares, Acquired	31
Repurchase of common stock	$ 311	$ 0	$ 0

Earnings Per Share Earnings Per Share - Basic and Dilutive Net Earnings Per Share Reconciliation (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Income/(loss) from continuing operations attributable to Caesars, net of income taxes									$ 303	$ (368)	$ (6,429)
Income from discontinued operations attributable to Caesars, net of income taxes									0	0	3,380
Net income/(loss) attributable to Caesars	$ 198	$ 110	$ 29	$ (34)	$ 2,004	$ (433)	$ (1,432)	$ (507)	303	(368)	(3,049)
Dilutive Securities, Effect on Basic Earnings Per Share, Dilutive Convertible Securities									42	0	0
Adjusted net income/(loss) attributable to Caesars									$ 345	$ (368)	$ (3,049)
Weighted-average common shares outstanding - basic									686	279	146
Weighted-average common shares outstanding - diluted									841	279	146
Basic earnings/(loss) per share from continuing operations									$ 0.44	$ (1.32)	$ (43.96)
Basic earnings per share from discontinued operations									0	0	23.11
Basic earnings/(loss) per share	$ 0.29	$ 0.16	$ 0.04	$ (0.05)	$ 3.01	$ (2.90)	$ (9.62)	$ (3.44)	0.44	(1.32)	(20.85)
Diluted earnings/(loss) per share from continuing operations									0.41	(1.32)	(43.96)
Diluted earnings per share from discontinued operations									0	0	23.11
Diluted earnings/(loss) per share	$ 0.25	$ 0.14	$ 0.04	$ (0.05)	$ 2.48	$ (2.90)	$ (9.62)	$ (3.44)	$ 0.41	$ (1.32)	$ (20.85)
Stock-based compensation awards
Dilutive potential common shares									4	0	0
CEC Convertible Notes
Dilutive potential common shares									151	0	0

Earnings Per Share Earnings Per Share - Weighted Average Numbers of Anti-Dilutive Shares (Details) - shares shares in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive common stock	11	57	19
Stock-based compensation awards
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive common stock	11	21	19
CEC Convertible Notes
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive common stock	0	36	0

Revenue Recognition Revenue Recognition - Effect of Adopting New Revenue Recognition Standard (Details) - USD ($)
$ in Millions

3 Months Ended

12 Months Ended

Dec. 31, 2018

Sep. 30, 2018

Jun. 30, 2018

Mar. 31, 2018

Dec. 31, 2017

Sep. 30, 2017

Jun. 30, 2017

Mar. 31, 2017

Dec. 31, 2018

Dec. 31, 2017

Dec. 31, 2016

Dec. 31, 2015

$ 457

$ 494

$ 457

$ 494

$ 167

Accrued expenses and other current liabilities ($1 and $0 attributable to our VIEs)

^[1]

16,045

16,154

^[2]

16,045

16,154

^[2]

^[3]

1,217

1,326

1,217

1,326

^[3]

144

129

144

129

^[1]

10,057

9,355

10,057

9,355

Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest

849

1,474

849

1,474

3,338

3,297

3,338

3,297

(1,607)

$ 2,042

Revenue from Contract with Customer, Including Assessed Tax

2,115

$ 2,185

$ 2,119

$ 1,972

1,901

$ 993

$ 1,008

$ 966

8,391

4,868

3,877

1,761

1,124

1,147

Depreciation, Depletion and Amortization, Nonproduction

202

1,145

626

439

332

202

194

155

^[4]

^[5]

7,652

4,331

3,651

100

232

282

125

154

149

150

739

537

226

(1,346)

(773)

(599)

(2,028)

(5,729)

(1)

(232)

Income (loss) from continuing operations before income taxes, Noncontrolling Interest

791

^[4]

(29)

183

(2,370)

(6,131)

Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest

^[6],[7]

121

1,995

(327)

304

(375)

(6,458)

Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest

3,380

Net Income (Loss) Attributable to Noncontrolling Interest

198

111

(34)

2,004

(439)

(1,432)

(508)

304

(375)

(3,078)

(1)

Adjustments for New Accounting Pronouncement [Member]

$ 198

$ 110

$ 29

$ (34)

2,004

$ (433)

$ (1,432)

$ (507)

303

(368)

(3,049)

(2)

Accrued expenses and other current liabilities ($1 and $0 attributable to our VIEs)

^[1]

(74)

^[3]

(133)

^[3]

129

^[1]

(74)

Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest

Previously Reported [Member]

496

Accrued expenses and other current liabilities ($1 and $0 attributable to our VIEs)

^[1]

16,228

^[3]

1,459

^[3]

^[1]

9,429

Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest

1,473

$ 3,296

3,296

(1,609)

$ 2,039

4,852

3,877

(679)

(538)

1,133

1,166

Depreciation, Depletion and Amortization, Nonproduction

628

439

204

194

4,320

3,650

532

227

(774)

(599)

(2,028)

(5,729)

(232)

Income (loss) from continuing operations before income taxes, Noncontrolling Interest

(29)

(2,377)

(6,130)

Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest

1,995

(327)

(382)

(6,457)

Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest

3,380

Net Income (Loss) Attributable to Noncontrolling Interest

(382)

(3,077)

(375)

(3,048)

Revenue from Contract with Customer, Including Assessed Tax

4,247

2,168

1,608

Casino [Member] | Previously Reported [Member]

(2,393)

(1,213)

(890)

2,865

2,177

(1,521)

(1,128)

Revenue from Contract with Customer, Including Assessed Tax

1,574

982

822

Food and Beverage [Member] | Previously Reported [Member]

(1,106)

(693)

(572)

938

788

(446)

(383)

Revenue from Contract with Customer, Including Assessed Tax

1,519

1,074

950

Occupancy [Member] | Previously Reported [Member]

(480)

(360)

(318)

1,054

923

(276)

(249)

Revenue from Contract with Customer, Including Assessed Tax

License and Service [Member] | Previously Reported [Member]

626

527

Revenue from Contract with Customer, Including Assessed Tax

161

179

178

789

584

497

Product and Service, Other [Member] | Previously Reported [Member]

Revenue from Contract with Customer, Including Assessed Tax

$ 202

Service, Other [Member] | Previously Reported [Member]

$ 48

$ 0

[1]	The conditions that were considered prohibited forms of continuing involvement related to our sale of the Golf Course Properties (see Note 11) are no longer considered continuing involvement under the new revenue recognition standard. As a result of adopting the new standard on a full retrospective basis, we are now reflecting this transaction as a completed sale in the period in which it occurred.
[2]	(1) We reclassified $73 million in land improvements to Buildings, riverboats and leasehold and land improvements to align with our 2018 reporting presentation.
[3]	Adjustments are primarily related to the reclassification of assets and liabilities in accordance with the new accounting and disclosure requirements.
[4]	(2) Amounts include changes in fair value of the derivative liability related to the conversion option of the CEC Convertible Notes and the disputed claims liability as well as interest and dividend income.
[5]	(3) Amounts primarily represent costs incurred in connection with development activities and reorganization activities, and/or recoveries associated with such items, including acquisition and integration costs, contract exit fees including exiting the fully bundled sales system of NV Energy for electric service at our Nevada properties, lease termination costs, gains and losses on asset sales, weather related property closure costs, demolition costs primarily at our Las Vegas properties for renovations, and project opening costs.
[6]	(1) Taxes are recorded at the consolidated level and not estimated or recorded to our Las Vegas and Other U.S. segments.
[7]	(1) Taxes are recorded at the consolidated level and not estimated or recorded to our Las Vegas and Other U.S. segments.

Revenue Recognition Revenue Recognition - Receivables (Details) - USD ($) $ in Millions	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Loans and Leases Receivable Disclosure [Line Items]
Contract with Customer, Asset, Net	$ 327	$ 311	$ 147
Other	130	183	20
Receivables, net	457	494	167
Casino [Member]
Loans and Leases Receivable Disclosure [Line Items]
Contract with Customer, Asset, Net	188	173	75
Food and Beverage [Member]
Loans and Leases Receivable Disclosure [Line Items]
Contract with Customer, Asset, Net	62	59	46
Entertainment [Member]
Loans and Leases Receivable Disclosure [Line Items]
Contract with Customer, Asset, Net	$ 77	$ 79	$ 26

Revenue Recognition Revenue Recognition - Allowance for Doubtful Accounts (Details) - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2018

Dec. 31, 2017

Dec. 31, 2016

Dec. 31, 2015

$ 47

$ 51

$ 41

$ 48

Allowance for Loan and Lease Losses Write-offs, Net

(25)

(18)

Allowance for Credit Loss [Member]

Contract with Customer, Asset, Accumulated Allowance for Credit Loss

Allowance for Loan and Lease Losses Write-offs, Net

(18)

(25)

Trade Accounts Receivable [Member]

$ 13

Allowance for Loan and Lease Losses Write-offs, Net

(1)

$ (7)

(32)

$ 7

Allowance for Doubtful Accounts Receivable, Period Increase (Decrease)

^[1]

OpCo [Member] | Allowance for Credit Loss [Member]

Allowance for Doubtful Accounts Receivable, Period Increase (Decrease)

^[1]

OpCo [Member] | Trade Accounts Receivable [Member]

Allowance for Doubtful Accounts Receivable, Period Increase (Decrease)

^[1]

$ 20

[1]	(1) See Note 4 for further details relating to the acquisition of OpCo

Revenue Recognition Revenue Recognition - Contract Liabilities (Details) - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2018

Dec. 31, 2017

Dec. 31, 2016

Contract with Customer, Liability, Change in Timeframe, Performance Obligation Satisfied, Revenue Recognized

$ 149

^[1]

$ 131

^[2]

$ 63

(584)

^[3]

(56)

Increase (Decrease) in Customer Loyalty Program Liability

602

Contract with Customer, Liability, Noncurrent

Customer Loyalty Program [Member]

Contract with Customer, Liability, Change in Timeframe, Performance Obligation Satisfied, Revenue Recognized

^[1]

^[2]

(144)

^[3]

Increase (Decrease) in Customer Loyalty Program Liability

148

(19)

Contract with Customer, Liability, Revenue Recognized

Customer Advances [Member]

Contract with Customer, Liability, Change in Timeframe, Performance Obligation Satisfied, Revenue Recognized

^[1]

^[2]

$ 63

(440)

^[3]

(56)

Increase (Decrease) in Customer Loyalty Program Liability

454

Contract with Customer, Liability, Revenue Recognized

$ 62

Increase (Decrease) in Customer Loyalty Program Liability

^[4]

109

OpCo [Member] | Customer Loyalty Program [Member]

Increase (Decrease) in Customer Loyalty Program Liability

^[4]

OpCo [Member] | Customer Advances [Member]

Increase (Decrease) in Customer Loyalty Program Liability

^[4]

$ 28

[1]	(4) $5 million included within Deferred credits and other liabilities as of December 31, 2018.
[2]	(2) $2 million included within Deferred credits and other liabilities as of December 31, 2017.
[3]	(3) Includes $35 million for Caesars Rewards and $62 million for Customer Advances recognized from the December 31, 2017 Contract liability balances.
[4]	(1) See Note 4 for further details relating to the acquisition of OpCo.

Revenue Recognition Revenue Recognition - Additional Information (Details)	12 Months Ended
	Dec. 31, 2018
Revenue, Performance Obligation, Description of Timing	While Rewards Credits are generally redeemed by customers over a four-year period from when they were earned, of the total Reward Credits expected to be redeemed, approximately 90% are redeemed within one year and approximately 10% are redeemed beyond one year.
Accounting Standards Update 2014-09 [Member]
New Accounting Pronouncement or Change in Accounting Principle, Description of Transition Method	In May 2014, the FASB issued a new standard related to revenue recognition, ASU 2014-09, Revenue from Contracts with Customers. We adopted the standard effective January 1, 2018, using the full retrospective method, which requires the Company to recast each prior reporting period presented consistent with the new standard. The most significant effects of adopting the new standard related to the accounting for our Caesars Rewards customer loyalty program and casino promotional allowances.

Stock-Based Compensation - Stock Option Activity (Details) - Parent [Member] - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Outstanding as of December 31, 2017	9,227,890
Number of options exercised	(746,332)	(1,249,640)	(11,101)
Forfeited	(46,519)
Expired	(74,674)
Outstanding as of December 31, 2018	8,360,365	9,227,890
Vested and expected to vest as of December 31, 2018	8,360,365
Exercisable as of December 31, 2018	7,338,503
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]
Weighted Average Exercise Price Outstanding, Beginning of Period	$ 10.36
Weighted Average Exercise Price Exercised	7.58
Weighted Average Exercise Price Forfeited	8.64
Weighted Average Exercise Price Expired	9.97
Weighted Average Exercise Price Outstanding, End of Period	10.63	$ 10.36
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Exercise Price	10.63
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Exercise Price	$ 9.12
Weighted Average Remaining Contractual Term [Abstract]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term	2 years 8 months 12 days
Options Outstanding, Weighted Average Remaining Contractual Term	2 years 9 months 18 days	3 years 10 months 24 days
Options Vested and Expected to Vest, Outstanding, Weighted Average Remaining Contractual Term	2 years 9 months 18 days
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value [Abstract]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value	$ 0	$ 35
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Aggregate Intrinsic Value	$ 0

Stock-Based Compensation - Stock Option Grants and Exercises (Details) - USD ($)
$ / shares in Units, $ in Millions

12 Months Ended

Dec. 31, 2018

Dec. 31, 2017

Dec. 31, 2016

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Granted

377

Weighted Average Exercise Price per Share (1)

$ 19,166.18

Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value

^[1]

$ 5,404.93

(909)

Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value

$ 2

$ 13

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number

8,360,365

9,227,890

Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price

$ 10.63

$ 10.36

Options Outstanding, Weighted Average Remaining Contractual Term

2 years 9 months 18 days

3 years 10 months 24 days

Weighted Average Exercise Price Exercised

(746,332)

(1,249,640)

(11,101)

$ 7.58

Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period

46,519

Share-based Compensation Arrangements by Share-based Payment Award, Options, Forfeitures in Period, Weighted Average Exercise Price

$ 8.64

Share-based Compensation Arrangement by Share-based Payment Award, Options, Expirations in Period

74,674

Share-based Compensation Arrangements by Share-based Payment Award, Options, Expirations in Period, Weighted Average Exercise Price

$ 9.97

Vested and expected to vest as of December 31, 2018

8,360,365

Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Exercise Price

$ 10.63

Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Remaining Contractual Term

2 years 9 months 18 days

Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value

$ 0

$ 35

Exercisable as of December 31, 2018

7,338,503

Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Exercise Price

$ 9.12

Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term

2 years 8 months 12 days

Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Aggregate Intrinsic Value

$ 0

Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value

^[2]

$ 0

^[2]

$ 3

$ 7

$ 0

[1]

Represents the weighted-average grant date fair value per option, using the Monte Carlo simulation option-pricing model for performance-based options, and the Black-Scholes option-pricing model for time-based options.

Assumptions Used to Estimate CIE Option Value

	Year Ended December 31, 2016
Expected range of volatility	40.5% - 44.6%
Expected dividend yield	—	%
Expected range of term (in years)	0.8 - 4.2
Risk-free interest rate range	0.5% - 1.2%

[2]

2016 amounts are immaterial.

Stock-Based Compensation - Assumptions Used to Estimate Option Values (Details) - Caesars Interactive Entertainment [Member]	12 Months Ended
	Dec. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate, Minimum	40.50%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate, Maximum	44.60%
Expected dividend yield	0.00%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate, Minimum	0.50%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate, Maximum	1.20%
Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term	9 months
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term	4 years 2 months

Stock-Based Compensation - Restricted Stock and Restricted Stock Unit Activity (Details) - Parent [Member] - Restricted stock units and awards - $ / shares

12 Months Ended

Dec. 31, 2018

Dec. 31, 2017

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding, Number

13,455,092

17,274,659

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value

^[1]

$ 11.51

$ 11.22

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period

4,177,558

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value

^[1]

$ 10.93

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period

6,550,480

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value

^[1]

$ 10.36

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period

1,446,645

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value

^[1]

$ 11.59

[1]	(1) Represents the weighted average grant date fair value of RSUs, which is the share price of our common stock on the grant date.

Stock-Based Compensation Stock-Based Compensation - Performance Stock Activity (Details) - Parent [Member] - Performance Shares [Member] - $ / shares

12 Months Ended

Dec. 31, 2018

Dec. 31, 2017

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period

(103,618)

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value

^[1]

$ 10.80

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period

1,569,801

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value

^[1]

$ 10.78

Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding, Number

1,466,183

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value

^[1]

$ 6.79

$ 0

[1]	(1) Grant date fair value, for which compensation expense of these awards is measured, has not been achieved. This represents the quoted market price of our common stock on the dates indicated.

Stock-Based Compensation Stock Based Comp - Composition of Stock-Based Comp Expense (Details) - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2018

Dec. 31, 2017

Dec. 31, 2016

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Corporate Expenses [Member]

$ 79

$ 43

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Selling, General and Administrative Expenses [Member]

^[1]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

195

^[1]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

$ 79

$ 43

$ 232

^[1]

[1]	(1) Includes $189M related to CIE stock-based compensation expense for the year ended December 31, 2016.

Stock-Based Compensation - Additional Information (Details) - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2018

Dec. 31, 2017

Dec. 31, 2016

2017 Incentive Plan [Member] | Restricted stock units and awards

$ 79

$ 43

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Number of Outstanding Options

9,000,000

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

189

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

$ 79

$ 43

232

^[1]

Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Stock Options

8,360,365

9,227,890

$ 126

Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition

2 years 4 months 24 days

Parent [Member] | Performance Shares [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period

1,466,183

1,569,801

Parent [Member] | Restricted stock units and awards

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value

$ 72

$ 29

$ 23

Stock Issued During Period, Value, Restricted Stock Award, Gross

13,455,092

17,274,659

$ 46

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period

4,177,558

Parent [Member] | Two Thousands One Two Incentive Plan [Member] | Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Domain]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Parent [Member] | Two Thousands One Two Incentive Plan [Member] | Restricted stock units and awards

8,000,000

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Parent [Member] | 2017 Incentive Plan [Member] | Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Domain]

2,000,000

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Number of Additional Shares Authorized

25,000,000

[1]	(1) Includes $189M related to CIE stock-based compensation expense for the year ended December 31, 2016.

Employee Benefit Plans - Pension Plan Participation and Contribution Summary (Details) - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2018

Dec. 31, 2017

Dec. 31, 2016

Southern Nevada Culinary and Bartenders Pension Plan [Member]

^[1]

$ 55

$ 40

$ 33

Multiemployer Plans, Certified Zone Status [Fixed List]

Green

^[2]

886016617

^[2]

001

^[2],[3]

^[1],[2]

$ 25

$ 19

$ 16

Multiemployer Plans, Period Contributions, Significance of Contributions [true false]

true

Legacy Plan of the National Retirement Fund [Member]

^[2],[4]

136130178

^[2],[4]

001

Multiemployer Plans, Period Contributions, Significance of Contributions [true false]

^[1],[2],[4]

$ 0

$ 9

$ 5

true

Pension Plan of the UNITE HERE National Retirement Fund [Member]

Multiemployer Plans, Certified Zone Status [Fixed List]

Red

Legacy Plan of the UNITE HERE Retirement Fund [Member]

Multiemployer Plans, Certified Zone Status [Fixed List]

Red

^[4]

820994119

^[4]

001

^[3],[4]

Implemented

^[1],[4]

$ 15

$ 0

Central Pension Fund of the IUOE & Participating Employers [Member]

Multiemployer Plans, Certified Zone Status [Fixed List]

Green

^[5]

366052390

^[5]

001

^[3],[5]

^[1],[5]

$ 6

$ 5

Western Conference of Teamsters Pension Plan [Member]

Multiemployer Plans, Certified Zone Status [Fixed List]

Green

916145047

001

^[3]

^[1]

$ 5

$ 4

Local 68 Engineers Union Pension Plan [Member]

Multiemployer Plans, Certified Zone Status [Fixed List]

Yellow

^[2],[6],[7]

510176618

^[2],[6],[7]

001

^{[2],[3],[6],[7]}

^{[1],[2],[6],[7]}

$ 1

$ 0

Multiemployer Plans, Period Contributions, Significance of Contributions [true false]

true

NJ Carpenters Pension Fund [Member]

Multiemployer Plans, Certified Zone Status [Fixed List]

Yellow

226174423

001

^[3]

Implemented

^[1]

$ 0

Painters IUPAT [Member]

Multiemployer Plans, Certified Zone Status [Fixed List]

Yellow

526073909

001

^[3]

Implemented

^[1]

$ 1

Multiemployer Plan, Individually Insignificant Multiemployer Plans [Member]

^[1]

$ 2

$ 1

$ 2

[1]	Comparability to periods prior to the Effective Date are impacted by the consolidation of CEOC LLC in 2017.
[2]	Employer provided more than 5% of the total contributions for the plan years ended 2017 and 2016. As of the date the financial statements were issued, Forms 5500 were not available for the 2018 plan year.
[3]	Indicates plans for which a financial improvement plan (“FIP”) or a rehabilitation plan (“RP”) is either pending or has been implemented.
[4]	Effective January 1, 2018, the Legacy Plan of the National Retirement Fund (“NRF”) spun-off a portion of the plan into the newly created Legacy Plan of the UNITE HERE Retirement Fund (“HERE Plan”). CEC contributes to the HERE Plan and we expect to provide more than 5% of the total contributions for the plan year ended 2018, but the Form 5500 is not yet available. CEC no longer contributes to the NRF.
[5]	Plan years begin February 1.
[6]	Plan years begin July 1.
[7]	The Plan has yet to provide an FIP. FIP status is not considered pending or implemented.

Employee Benefit Plans - Additional Information (Details) - USD ($)	3 Months Ended	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Defined Benefit Plan Disclosure [Line Items]
Deferred Compensation Liability, Current		$ 0
Increase (Decrease) in Accrued Liabilities		(101,000,000)	$ 15,000,000	$ 87,000,000
Deferred Compensation Liability, Classified, Noncurrent	$ 63,000,000	$ 53,000,000	63,000,000
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay		6.00%
Defined Contribution Plan, Expected Future Employer Contributions, Next Fiscal Year, Description		During 2018, the company match was the greater of 25% up to 6% of earnings that the individual elected to contribute with no cap or 50% up to 6% of eligible earnings that the individual elected to contribute with an individual cap of $600. Beginning January 1, 2019, the match increases to 50% up to 6% of eligible earnings that the individual elects to contribute with no individual cap (subject to further limitations for certain higher-salaried employees)
Payment for Pension Benefits		$ 5,000,000
Defined Benefit Plan, Plan Assets, Contributions by Employer		6,000,000
Trust for Benefit of Employees [Member]
Defined Benefit Plan Disclosure [Line Items]
Assets Held-in-trust, Noncurrent	125,000,000	$ 99,000,000	125,000,000
Deferred Compensation Arrangement with Individual, by Type of Compensation, Pension and Other Postretirement Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Contribution Plan, Maximum Annual Contribution Per Employee, Percent		50.00%
Employer annual cap per participant		$ 600
Contribution expense		14,000,000	7,000,000	$ 6,000,000
Foreign Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Benefit Obligation, Actuarial Gain (Loss)		19,000,000	1,000,000
Defined Benefit Plan, Plan Assets, Amount	212,000,000	180,000,000	212,000,000
Defined Benefit Plan, Benefit Obligation	278,000,000	217,000,000	278,000,000
Defined Benefit Plan, Funded (Unfunded) Status of Plan	66,000,000	$ 37,000,000	66,000,000
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Rate of Return on Plan Assets		4.90%
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate		2.90%
Hilton Matter [Member] \| Settled Litigation [Member] \| Caesars Entertainment Operating Company [Member]
Defined Benefit Plan Disclosure [Line Items]
Increase (Decrease) in Accrued Liabilities	5,000,000	$ 5,000,000
Loss Contingency, Receivable, Proceeds	12,000,000
Liabilities, Other than Long-term Debt, Noncurrent	$ 7,000,000	$ 2,000,000	$ 7,000,000
Noncash or Part Noncash Acquisition, Employee Benefit Liabilities Assumed	31.75%		31.75%
Southern Nevada Culinary and Bartenders Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Multiemployer Plans, Period Contributions, Significance of Contributions [true false]			true	true
Legacy Plan of the National Retirement Fund [Member]
Defined Benefit Plan Disclosure [Line Items]
Multiemployer Plans, Period Contributions, Significance of Contributions [true false]			true	true
Local 68 Engineers Union Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Multiemployer Plans, Period Contributions, Significance of Contributions [true false]			true	true

Income Taxes - Components of Income/(Loss) Before Income Taxes (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Components of Income/(Loss) Before Income Taxes [Line Items]
Income/(loss) from continuing operations before income taxes	$ 183	$ (2,370)	$ (6,131)
United States [Member]
Components of Income/(Loss) Before Income Taxes [Line Items]
Income/(loss) from continuing operations before income taxes	205	(2,374)	(6,129)
Outside of the U.S. [Member]
Components of Income/(Loss) Before Income Taxes [Line Items]
Income/(loss) from continuing operations before income taxes	$ (22)	$ 4	$ (2)

Income Taxes - Income Tax Benefit/(Provision) (Details) - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2018

Dec. 31, 2017

Dec. 31, 2016

Current - Ouside of the U.S.

Current - Federal

$ (9)

$ 148

$ (381)

Current - State

(1)

(7)

(3)

Deferred - Federal

170

1,835

Deferred - State

(39)

(9)

(4)

Deferred - Ouside of the U.S.

Income tax benefit/(provision) applicable to:

^[1],[2]

$ 121

$ 1,995

$ (327)

[1]	(1) Taxes are recorded at the consolidated level and not estimated or recorded to our Las Vegas and Other U.S. segments.
[2]	(1) Taxes are recorded at the consolidated level and not estimated or recorded to our Las Vegas and Other U.S. segments.

Income Taxes - Allocation of Income Tax Benefit/(Provision) (Details) - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2018

Dec. 31, 2017

Dec. 31, 2016

Income/(loss) from continuing operations

^[1],[2]

$ 121

$ 1,995

$ (327)

Discontinued operations

(730)

Other comprehensive income

$ 3

$ 0

[1]	(1) Taxes are recorded at the consolidated level and not estimated or recorded to our Las Vegas and Other U.S. segments.
[2]	(1) Taxes are recorded at the consolidated level and not estimated or recorded to our Las Vegas and Other U.S. segments.

Amount of tax expense (benefit) related to a discontinued operation. Includes, but is not limited to, tax expense (benefit) related to income (loss) from operations during the phase-out period, tax expense (benefit) related to gain (loss) on disposal, tax expense (benefit) related to gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and tax expense (benefit) related to adjustments of a prior period gain (loss) on disposal.

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Income Taxes - Effective Income Tax Rate Reconciliation (Details)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Statutory tax rate	21.00%	35.00%	35.00%
State taxes, net of federal tax benefit	4.00%	5.20%	0.10%
Valuation allowance	(70.40%)	(17.10%)	(22.90%)
Foreign income taxes	2.30%	(0.10%)	0.00%
Deferred tax benefit from changes in federal tax law	(44.70%)	52.10%	0.00%
Stock-based compensation	4.70%	(0.20%)	(0.80%)
Acquisition of CEOC	0.00%	36.70%	0.00%
Reserves for uncertain tax positions	4.40%	(4.60%)	(0.10%)
Current tax benefit from change in CGP operating agreement	0.00%	2.40%	0.00%
Impairment of goodwill	4.70%	0.00%	0.00%
Nondeductible transaction costs	6.60%	(25.00%)	(16.80%)
Other	1.30%	(0.20%)	0.20%
Effective tax rate	(66.10%)	84.20%	(5.30%)

Income Taxes - Temporary Differences resulting in Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2018	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Deferred Tax Assets, Investments	$ 5	$ 0
State net operating losses	420	426
Federal net operating loss	485	553
Foreign net operating loss	16	17
Compensation programs	81	97
Allowance for doubtful accounts	41	50
Self-insurance reserves	10	10
Accrued expenses	45	43
Federal tax credits	70	58
Financing obligations	2,445	2,319
Golf course properties’ obligation	35	30
Other debt-related items	0	78
Deferred revenue	42	46
Leases	66	36
Other	0	14
Subtotal	3,761	3,777
Less: valuation allowance	1,302	1,513
Total deferred tax assets	2,459	2,264
Depreciation and other property-related items	2,567	2,576
Other debt-related items	95	0
Intangibles	496	221
Prepaid expenses	20	24
Other	1	18
Total deferred tax liabilities	3,179	2,839
Net deferred tax liability	$ 720	$ 575

Income Taxes - Reconciliation of Unrecognized Tax Benefits (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Unrecognized Tax Benefits [Roll Forward]
Beginning Balance	$ 162	$ 115	$ 3
Additions based on tax positions related to the current year	0	113	113
Additions for tax positions of prior years	13	1	0
Reductions for tax positions for prior years	(5)	(92)	(1)
Acquisition of OpCo	0	67	0
Settlements		1	0	$ 0
Effect of changes in federal tax law	0	(42)	0
Ending Balance	$ 169	$ 162	$ 115	$ 3

Income Taxes - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Income Tax And Carryforwards [Line Items]
Income Tax Expense (Benefit), Continuing Operations, Adjustment of Deferred Tax (Asset) Liability	$ (82)	$ (1,200)
Deferred Other Tax Expense (Benefit)	(710)	(797)
Excess over tax basis	38
Interest and penalties accrued for unrecognized tax benefits, current period	2	2	$ 3
Interest and penalties accrued for unrecognized tax benefits, total	8	5	3
Unrecognized tax benefits that would impact the effective tax rate	145	78	$ 17
General Business Tax Credit Carryforward [Member]
Income Tax And Carryforwards [Line Items]
Operating loss carryforward, amount to expire	72
Federal [Member]
Income Tax And Carryforwards [Line Items]
Income Tax Expense (Benefit), Continuing Operations, Adjustment of Deferred Tax (Asset) Liability	(569)	(442)
Operating loss carryforward	2,600	2,900
State [Member]
Income Tax And Carryforwards [Line Items]
Income Tax Expense (Benefit), Continuing Operations, Adjustment of Deferred Tax (Asset) Liability	(42)
Operating loss carryforward	9,000	8,900
Foreign Tax Authority [Member]
Income Tax And Carryforwards [Line Items]
Operating loss carryforward	$ 91	$ 95

Discontinued Operations - Effect on Statements of Operations of Discontinued Operations (Detail) - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2018

Dec. 31, 2017

Dec. 31, 2016

Discontinued Operations [Member] | Social and Mobile Games [Member]

$ 79

$ 43

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Discontinued Operations, Disposed of by Sale [Member] | Discontinued Operations [Member] | Social and Mobile Games [Member]

264

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Gain from discontinued operations

678

Operating expenses

^[1]

748

4,180

Pre-tax income/(loss) from operations

4,110

Income/(loss), net of income taxes

$ 3,380

[1]	(1) Operating expenses primarily consist of platform fees and property, general, administrative, and other expenses, including stock-based compensation expense directly identifiable with employees of the SMG Business of $264 million

Discontinued Operations - Additional Information (Detail) - Discontinued Operations, Disposed of by Sale [Member] - Social and Mobile Games [Member] - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2017	Dec. 31, 2016	Sep. 30, 2016
Caesars Interactive Entertainment [Member]
Line Items
Disposal Group, Including Discontinued Operation, Consideration			$ 4,400
Gain from discontinued operations		$ 4,200
Payments of Distributions to Affiliates	$ 63	1,100
Caesars Acquisition Company [Member]
Line Items
Escrow Deposit		$ 259

Related Party Transactions Related Party Transactions Table (Details) - USD ($) $ in Millions		12 Months Ended
	Oct. 06, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Affiliated Entity [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Expenses from Transactions with Related Party		$ 0	$ 3	$ 2
Hamlet Holdings LLC [Member] \| Majority Shareholder [Member] \| Reimbursement to Counterparty [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Expenses from Transactions with Related Party	$ 34	0	34	6
Horseshoe Casino Baltimore [Member] \| Equity Method Investee [Member] \| Reimbursement to Counterparty [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Expenses from Transactions with Related Party		5	16	0
Horseshoe Casino Baltimore [Member] \| Equity Method Investee [Member] \| Management Fees [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Expenses from Transactions with Related Party		10	3	0
CEOC LLC [Member] \| Affiliated Entity [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Expenses from Transactions with Related Party		0	9	14
CEOC LLC [Member] \| Affiliated Entity [Member] \| Management Fees [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Expenses from Transactions with Related Party		0	33	45
CEOC LLC [Member] \| Affiliated Entity [Member] \| Shared Services Allocation to Related Party [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Amounts of Transaction		0	312	368
CEOC LLC [Member] \| Affiliated Entity [Member] \| Shared Services Allocation from Related Party [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Expenses from Transactions with Related Party		0	71	148
CEOC LLC [Member] \| Affiliated Entity [Member] \| Lease Agreements [Member]
Related Party Transaction [Line Items]
Revenue from Related Parties		$ 0	$ 26	$ 35

Related Party Transactions - Additional Information (Detail) - USD ($) $ in Millions		12 Months Ended
	Oct. 06, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Related Party Transaction [Line Items]
Operating Leases, Future Minimum Payments Due, Next Twelve Months		$ 82
Due from affiliates, net		6	$ 11
Affiliated Entity [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Expenses from Transactions with Related Party		0	3	$ 2
Hamlet Holdings LLC [Member] \| Majority Shareholder [Member] \| Reimbursement to Counterparty [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Expenses from Transactions with Related Party	$ 34	0	34	6
CEOC LLC [Member] \| Affiliated Entity [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Expenses from Transactions with Related Party		0	$ 9	$ 14
CEOC LLC [Member] \| Affiliated Entity [Member] \| Lease Agreements [Member]
Related Party Transaction [Line Items]
Operating Leases, Future Minimum Payments Due, Next Twelve Months		$ 2
Horseshoe Casino Baltimore [Member]
Related Party Transaction [Line Items]
Equity Method Investment, Ownership Percentage		41.00%
Caesars Interactive Entertainment [Member] \| CEOC LLC [Member] \| Affiliated Entity [Member] \| Cross Marketing and Trademark License Agreement [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Rate		3.00%

Segment Reporting - Condensed Statement of Operations (Details) - USD ($)
$ in Millions

3 Months Ended

12 Months Ended

Dec. 31, 2018

Sep. 30, 2018

Jun. 30, 2018

Mar. 31, 2018

Dec. 31, 2017

Sep. 30, 2017

Jun. 30, 2017

Mar. 31, 2017

Dec. 31, 2018

Dec. 31, 2017

Dec. 31, 2016

Revenue from Contract with Customer, Including Assessed Tax

$ 2,115

$ 2,185

$ 2,119

$ 1,972

$ 1,901

$ 993

$ 1,008

$ 966

$ 8,391

$ 4,868

$ 3,877

1,145

626

439

$ 100

$ 232

$ 282

$ 125

$ 154

$ 84

$ 149

$ 150

739

537

226

(1,346)

(773)

(599)

(2,028)

(5,729)

(1)

(232)

791

^[1]

(29)

^[2],[3]

121

1,995

(327)

Revenue from Contract with Customer, Including Assessed Tax

598

215

(411)

(211)

(463)

(463)

(555)

(548)

(1,851)

(5,729)

(1)

(215)

786

^[1]

(29)

Operating Segments [Member] | Las Vegas, NV [Member]

^[2],[3]

121

1,993

(328)

Revenue from Contract with Customer, Including Assessed Tax

3,753

2,902

2,613

582

420

344

716

549

526

(327)

(65)

(21)

(4)

^[1]

^[2],[3]

Revenue from Contract with Customer, Including Assessed Tax

4,047

1,758

1,209

501

186

434

199

163

(556)

(153)

(30)

(177)

(13)

^[1]

^[2],[3]

Revenue from Contract with Customer, Including Assessed Tax

(7)

^[1]

^[2],[3]

Revenue from Contract with Customer, Including Assessed Tax

4,247

2,168

1,608

Casino [Member] | Corporate and Other [Member]

Revenue from Contract with Customer, Including Assessed Tax

254

116

Casino [Member] | Operating Segments [Member] | Las Vegas, NV [Member]

Revenue from Contract with Customer, Including Assessed Tax

1,104

864

765

Casino [Member] | Operating Segments [Member] | Other U.S. [Member]

Revenue from Contract with Customer, Including Assessed Tax

2,889

1,188

802

Casino [Member] | Intersegment Eliminations [Member]

Revenue from Contract with Customer, Including Assessed Tax

Revenue from Contract with Customer, Including Assessed Tax

1,574

982

822

Food and Beverage [Member] | Corporate and Other [Member]

Revenue from Contract with Customer, Including Assessed Tax

Food and Beverage [Member] | Operating Segments [Member] | Las Vegas, NV [Member]

Revenue from Contract with Customer, Including Assessed Tax

975

700

630

Food and Beverage [Member] | Operating Segments [Member] | Other U.S. [Member]

Revenue from Contract with Customer, Including Assessed Tax

571

274

190

Food and Beverage [Member] | Intersegment Eliminations [Member]

Revenue from Contract with Customer, Including Assessed Tax

Revenue from Contract with Customer, Including Assessed Tax

1,519

1,074

950

Occupancy [Member] | Corporate and Other [Member]

Revenue from Contract with Customer, Including Assessed Tax

Occupancy [Member] | Operating Segments [Member] | Las Vegas, NV [Member]

Revenue from Contract with Customer, Including Assessed Tax

1,117

872

800

Occupancy [Member] | Operating Segments [Member] | Other U.S. [Member]

Revenue from Contract with Customer, Including Assessed Tax

399

201

150

Occupancy [Member] | Intersegment Eliminations [Member]

Revenue from Contract with Customer, Including Assessed Tax

Revenue from Contract with Customer, Including Assessed Tax

License and Service [Member] | Corporate and Other [Member]

Revenue from Contract with Customer, Including Assessed Tax

License and Service [Member] | Operating Segments [Member] | Las Vegas, NV [Member]

Revenue from Contract with Customer, Including Assessed Tax

License and Service [Member] | Operating Segments [Member] | Other U.S. [Member]

Revenue from Contract with Customer, Including Assessed Tax

License and Service [Member] | Intersegment Eliminations [Member]

Revenue from Contract with Customer, Including Assessed Tax

(3)

Revenue from Contract with Customer, Including Assessed Tax

202

Service, Other [Member] | Corporate and Other [Member]

Revenue from Contract with Customer, Including Assessed Tax

200

Service, Other [Member] | Operating Segments [Member] | Las Vegas, NV [Member]

Revenue from Contract with Customer, Including Assessed Tax

Service, Other [Member] | Operating Segments [Member] | Other U.S. [Member]

Revenue from Contract with Customer, Including Assessed Tax

Service, Other [Member] | Intersegment Eliminations [Member]

Revenue from Contract with Customer, Including Assessed Tax

Entertainment [Member]

Revenue from Contract with Customer, Including Assessed Tax

628

405

319

Entertainment [Member] | Corporate and Other [Member]

Revenue from Contract with Customer, Including Assessed Tax

Entertainment [Member] | Operating Segments [Member] | Las Vegas, NV [Member]

Revenue from Contract with Customer, Including Assessed Tax

411

300

257

Entertainment [Member] | Operating Segments [Member] | Other U.S. [Member]

Revenue from Contract with Customer, Including Assessed Tax

175

Entertainment [Member] | Intersegment Eliminations [Member]

Revenue from Contract with Customer, Including Assessed Tax

(3)

Revenue from Contract with Customer, Including Assessed Tax

789

584

497

Product and Service, Other [Member] | Corporate and Other [Member]

161

179

178

Product and Service, Other [Member] | Operating Segments [Member] | Las Vegas, NV [Member]

Product and Service, Other [Member] | Operating Segments [Member] | Other U.S. [Member]

146

165

161

Product and Service, Other [Member] | Intersegment Eliminations [Member]

Accounting Standards Update 2014-09 [Member]

(1)

Revenue from Contract with Customer, Including Assessed Tax

8,230

4,689

3,699

Accounting Standards Update 2014-09 [Member] | Corporate and Other [Member]

Revenue from Contract with Customer, Including Assessed Tax

593

210

Accounting Standards Update 2014-09 [Member] | Operating Segments [Member] | Las Vegas, NV [Member]

Revenue from Contract with Customer, Including Assessed Tax

3,607

2,737

2,452

Accounting Standards Update 2014-09 [Member] | Operating Segments [Member] | Other U.S. [Member]

Revenue from Contract with Customer, Including Assessed Tax

4,036

1,748

1,197

Accounting Standards Update 2014-09 [Member] | Intersegment Eliminations [Member]

Revenue from Contract with Customer, Including Assessed Tax

$ (6)

$ 0

[1]	(2) Amounts include changes in fair value of the derivative liability related to the conversion option of the CEC Convertible Notes and the disputed claims liability as well as interest and dividend income.
[2]	(1) Taxes are recorded at the consolidated level and not estimated or recorded to our Las Vegas and Other U.S. segments.
[3]	(1) Taxes are recorded at the consolidated level and not estimated or recorded to our Las Vegas and Other U.S. segments.

Segment Reporting - Adjusted EBITDA (Details) - USD ($)
$ in Millions

3 Months Ended

12 Months Ended

Dec. 31, 2018

Sep. 30, 2018

Jun. 30, 2018

Mar. 31, 2018

Dec. 31, 2017

Sep. 30, 2017

Jun. 30, 2017

Mar. 31, 2017

Dec. 31, 2018

Dec. 31, 2017

Dec. 31, 2016

Net income/(loss) attributable to noncontrolling interests

$ 198

$ 110

$ 29

$ (34)

$ 2,004

$ (433)

$ (1,432)

$ (507)

$ 303

$ (368)

$ (3,049)

(7)

(29)

(3,380)

^[1],[2]

(121)

(1,995)

327

(31)

2,028

5,729

232

(791)

^[3]

(95)

^[3]

1,346

773

599

1,145

626

439

155

^[3]

^[4]

112

^[4]

^[5]

2,308

1,361

1,069

189

Net income/(loss) attributable to noncontrolling interests

(749)

(3,684)

(1)

(33)

(3,380)

^[1],[2]

(121)

(1,993)

328

1,851

5,729

215

(786)

^[3]

(90)

^[3]

463

555

548

^[3]

^[4]

103

^[4]

^[5]

Corporate and Other [Member] | Caesars Interactive Entertainment [Member]

(68)

(44)

(71)

Operating Segments [Member] | Las Vegas, NV [Member]

189

Net income/(loss) attributable to noncontrolling interests

392

484

506

^[1],[2]

(1)

(3)

^[3]

(4)

^[3]

327

582

420

344

^[3]

^[4]

^[4]

^[5]

Operating Segments [Member] | Las Vegas, NV [Member] | Caesars Interactive Entertainment [Member]

1,362

1,007

881

Net income/(loss) attributable to noncontrolling interests

(122)

(103)

129

(7)

^[1],[2]

(2)

(31)

177

(2)

^[3]

(1)

^[3]

556

153

501

186

^[3]

^[4]

^[4]

^[5]

Operating Segments [Member] | Other U.S. [Member] | Caesars Interactive Entertainment [Member]

1,014

398

259

Net income/(loss) attributable to noncontrolling interests

^[1],[2]

^[3]

^[3]

^[4]

^[4]

^[5]

Intersegment Eliminations [Member] | Caesars Interactive Entertainment [Member]

$ 0

$ 0

[1]	(1) Taxes are recorded at the consolidated level and not estimated or recorded to our Las Vegas and Other U.S. segments.
[2]	(1) Taxes are recorded at the consolidated level and not estimated or recorded to our Las Vegas and Other U.S. segments.
[3]	(2) Amounts include changes in fair value of the derivative liability related to the conversion option of the CEC Convertible Notes and the disputed claims liability as well as interest and dividend income.
[4]	(3) Amounts primarily represent costs incurred in connection with development activities and reorganization activities, and/or recoveries associated with such items, including acquisition and integration costs, contract exit fees including exiting the fully bundled sales system of NV Energy for electric service at our Nevada properties, lease termination costs, gains and losses on asset sales, weather related property closure costs, demolition costs primarily at our Las Vegas properties for renovations, and project opening costs.
[5]	(4) Amounts include other add-backs and deductions to arrive at Adjusted EBITDA but not separately identified such as professional and consulting services, sign-on and retention bonuses, business optimization expenses for IT transformation, severance and relocation costs, litigation awards and settlements, permit remediation costs, and costs associated with CEOC’s restructuring and related litigation.

Segment Reporting - Condensed Balance Sheet (Details) - USD ($) $ in Millions	Dec. 31, 2018	Dec. 31, 2017
Segment Reporting Information [Line Items]
Total assets	$ 25,775	$ 25,436
Total liabilities	22,437	22,139
Corporate and Other [Member]
Segment Reporting Information [Line Items]
Total assets	6,046	7,458
Total liabilities	11,267	11,780
Operating Segments [Member] \| Las Vegas, NV [Member]
Segment Reporting Information [Line Items]
Total assets	13,987	14,145
Total liabilities	5,730	5,239
Operating Segments [Member] \| Other U.S. [Member]
Segment Reporting Information [Line Items]
Total assets	8,565	6,865
Total liabilities	5,143	5,012
Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Total assets	(2,823)	(3,032)
Total liabilities	$ 297	$ 108

Segment Reporting - Additional Information (Details)	12 Months Ended
Segment Reporting - Additional Information (Details)	Dec. 31, 2018 reportable_segment
Number of Reportable Segments	3
Horseshoe Casino Baltimore [Member]
Equity Method Investment, Ownership Percentage	41.00%

Quarterly Results of Operations - Unaudited (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]
Revenue from Contract with Customer, Including Assessed Tax	$ 2,115	$ 2,185	$ 2,119	$ 1,972	$ 1,901	$ 993	$ 1,008	$ 966	$ 8,391	$ 4,868	$ 3,877
Income from operations	100	232	282	125	154	84	149	150	739	537	226
Net income/(loss)	198	111	29	(34)	2,004	(439)	(1,432)	(508)	304	(375)	(3,078)
Net income/(loss) attributable to Caesars	$ 198	$ 110	$ 29	$ (34)	$ 2,004	$ (433)	$ (1,432)	$ (507)	$ 303	$ (368)	$ (3,049)
Basic earnings/(loss) per share	$ 0.29	$ 0.16	$ 0.04	$ (0.05)	$ 3.01	$ (2.90)	$ (9.62)	$ (3.44)	$ 0.44	$ (1.32)	$ (20.85)
Diluted earnings/(loss) per share	$ 0.25	$ 0.14	$ 0.04	$ (0.05)	$ 2.48	$ (2.90)	$ (9.62)	$ (3.44)	$ 0.41	$ (1.32)	$ (20.85)

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

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The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

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The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

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Condensed Financial Statements, Captions [Line Items]

Quarterly Results of Operations - Unaudited Quarterly Results of Operations - Additional Information (Details) - shares shares in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Weighted Average Number of Shares Outstanding, Diluted		841,000	279,000	146,000
Convertible Debt Securities
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Weighted Average Number of Shares Outstanding, Diluted	36,000

Schedule I - CONDENSED BALANCE SHEETS (Details) - USD ($) $ in Millions	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Assets
Cash and cash equivalents	$ 1,491	$ 2,558
Receivables, net	457	494	$ 167
Prepayments and other current assets	155	239
Total current assets	2,265	3,457
Deferred Tax Assets, Net, Noncurrent	10	2
Total assets	25,775	25,436
Liabilities and Stockholders’ Equity
Accounts payable	399	318
Accrued expenses and other current liabilities	1,217	1,326
Interest payable	56	38
Total current liabilities	2,000	1,884
Long-term debt	8,801	8,849
Deferred income taxes	730	577
Total liabilities	22,437	22,139
Total liabilities and stockholders’ equity	25,775	25,436
Parent Company [Member]
Assets
Cash and cash equivalents	457	926
Receivables, net	21	33
Prepayments and other current assets	5	5
Intercompany receivables	20	33
Total current assets	503	997
Deferred charges and other assets	128	147
Investment in subsidiary	4,199	4,434
Total assets	4,830	5,578
Liabilities and Stockholders’ Equity
Accounts payable	1	5
Accrued expenses and other current liabilities	7	13
Interest payable	14	13
Intercompany payables	20	64
Total current liabilities	42	95
Long-term debt	1,119	1,121
Deferred credits and other	419	1,136
Total liabilities	1,580	2,352
Total stockholders’ equity	3,250	3,226
Total liabilities and stockholders’ equity	$ 4,830	$ 5,578

Schedule I - CONDENSED STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME/(LOSS) (Details) - USD ($)
$ in Millions

3 Months Ended

12 Months Ended

Dec. 31, 2018

Sep. 30, 2018

Jun. 30, 2018

Mar. 31, 2018

Dec. 31, 2017

Sep. 30, 2017

Jun. 30, 2017

Mar. 31, 2017

Dec. 31, 2018

Dec. 31, 2017

Dec. 31, 2016

$ 2,115

$ 2,185

$ 2,119

$ 1,972

$ 1,901

$ 993

$ 1,008

$ 966

$ 8,391

$ 4,868

$ 3,877

332

202

194

155

^[1]

^[2]

7,652

4,331

3,651

$ 100

$ 232

$ 282

$ 125

$ 154

$ 84

$ 149

$ 150

739

537

226

(1,346)

(773)

(599)

2,028

5,729

Income/(loss) from continuing operations before income taxes

791

^[1]

(29)

183

(2,370)

(6,131)

^[3],[4]

121

1,995

(327)

304

(375)

(6,458)

(34)

(2)

Condensed Financial Statements, Captions [Line Items]

273

(362)

(3,051)

Parent Company [Member]

123

112

181

(41)

(110)

(179)

Gain on interests in subsidiaries

(55)

(18)

(5)

(316)

776

2,933

1,842

5,729

Income/(loss) from continuing operations before income taxes

726

(30)

314

(1,109)

(3,010)

(11)

741

(39)

303

(368)

(3,049)

AOCI Attributable to Parent [Member] | Parent Company [Member]

273

(362)

(3,051)

Cash and cash equivalents ($14 and $58 attributable to our VIEs)

$ (30)

$ 6

$ (2)

[1]	(2) Amounts include changes in fair value of the derivative liability related to the conversion option of the CEC Convertible Notes and the disputed claims liability as well as interest and dividend income.
[2]	(3) Amounts primarily represent costs incurred in connection with development activities and reorganization activities, and/or recoveries associated with such items, including acquisition and integration costs, contract exit fees including exiting the fully bundled sales system of NV Energy for electric service at our Nevada properties, lease termination costs, gains and losses on asset sales, weather related property closure costs, demolition costs primarily at our Las Vegas properties for renovations, and project opening costs.
[3]	(1) Taxes are recorded at the consolidated level and not estimated or recorded to our Las Vegas and Other U.S. segments.
[4]	(1) Taxes are recorded at the consolidated level and not estimated or recorded to our Las Vegas and Other U.S. segments.

Schedule I - CONDENSED STATEMENT OF CASH FLOWS (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Condensed Financial Statements, Captions [Line Items]
Cash flows provided by/(used in) operating activities	$ 786	$ (2,323)	$ 42
Cash flows from investing activities
Payments to acquire investments	(22)	(12)	(23)
Cash flows used in investing activities	(2,135)	(55)	(121)
Cash flows from financing activities
Repayments of long-term debt	(1,130)	(7,846)	(268)
Payments Related to Tax Withholding for Share-based Compensation	(22)	(11)	(7)
Proceeds from the issuance of common stock	6	11	6
Repurchase of common stock	(311)	0	0
Cash flows used in financing activities	297	429	(1,260)
Net increase/(decrease) in cash, cash equivalents, and restricted cash	(1,052)	(1,949)	3,244
Total cash, cash equivalents, and restricted cash	1,657	2,709	4,658	$ 1,414
Parent Company [Member]
Condensed Financial Statements, Captions [Line Items]
Cash flows provided by/(used in) operating activities	(138)	1,504	(37)
Cash flows from investing activities
Payments to acquire investments	0	(700)	0
Cash flows used in investing activities	0	(700)	0
Cash flows from financing activities
Repayments of long-term debt	(2)	0	0
Payments Related to Tax Withholding for Share-based Compensation	(22)	0	0
Proceeds from the issuance of common stock	6	0	0
Repurchase of common stock	(311)	0	0
Other financing	(2)	0	(8)
Cash flows used in financing activities	(331)	0	(8)
Net increase/(decrease) in cash, cash equivalents, and restricted cash	(469)	804	(45)
Total cash, cash equivalents, and restricted cash	$ 457	$ 926	$ 122	$ 167

Schedule I - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Condensed Financial Statements, Captions [Line Items]
Other Comprehensive Income (Loss), Net of Tax	$ (34)	$ 6	$ (2)
Amount of Restricted Net Assets for Consolidated and Unconsolidated Subsidiaries	3,200	3,200
AOCI Attributable to Parent [Member] \| Parent Company [Member]
Condensed Financial Statements, Captions [Line Items]
Other Comprehensive Income (Loss), Net of Tax	$ (30)	$ 6	$ (2)

Document and Entity Information - USD ($) $ in Billions	12 Months Ended
Document and Entity Information - USD ($) $ in Billions	Dec. 31, 2018	Feb. 19, 2019	Jun. 30, 2018
Document Documentand Entity Information [Abstract]
Document Type	10-K
Amendment Flag	false
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Shell Company	false
Document Fiscal Period Focus	FY
Document Period End Date	Dec. 31, 2018
Document Fiscal Year Focus	2018
Entity Registrant Name	CAESARS ENTERTAINMENT Corp
Entity Central Index Key	0000858339
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		670,136,264
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Public Float			$ 7.4
Entity Well-known Seasoned Issuer	Yes
Trading Symbol	CZR

CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions

Dec. 31, 2018

Dec. 31, 2017

Current assets

$ 1,491

$ 2,558

115

116

457

494

Prepayments and other current assets ($6 and $2 attributable to our VIEs)

155

239

Inventories

Total current assets

2,265

3,457

Property and equipment, net ($137 and $57 attributable to our VIEs)

^[1]

16,045

16,154

^[2]

Intangible assets other than goodwill

^[3]

4,044

3,815

2,977

1,609

Deferred Costs and Other Assets

383

364

Total assets

25,775

25,436

Current liabilities

Accounts payable ($41 and $3 attributable to our VIEs)

399

318

Accrued expenses and other current liabilities ($1 and $0 attributable to our VIEs)

^[4]

1,217

1,326

Interest payable

Current portion of financing obligations

^[4]

144

129

Current portion of long-term debt

164

Total current liabilities

2,000

1,884

^[1]

10,057

9,355

Long-term debt

8,801

8,849

730

577

Commitments and contingencies (See Note 11)

849

1,474

Total liabilities

22,437

22,139

Stockholders’ equity

Common stock: voting, $0.01 par value, 670 and 696 shares issued, respectively

Treasury stock: 46 and 12 shares, respectively

(485)

(152)

Additional paid-in capital

14,124

14,040

Accumulated deficit

(10,372)

(10,675)

Accumulated other comprehensive income/(loss)

(24)

Noncontrolling interests

Total stockholders’ equity

3,338

3,297

Total liabilities and stockholders’ equity

$ 25,775

$ 25,436

[1]	The conditions that were considered prohibited forms of continuing involvement related to our sale of the Golf Course Properties (see Note 11) are no longer considered continuing involvement under the new revenue recognition standard. As a result of adopting the new standard on a full retrospective basis, we are now reflecting this transaction as a completed sale in the period in which it occurred.
[2]	(1) We reclassified $73 million in land improvements to Buildings, riverboats and leasehold and land improvements to align with our 2018 reporting presentation.
[3]	(2) $405 million of goodwill is associated with a reporting unit with zero or negative carrying value. As the reporting unit has a positive fair value, there was no impairment associated with this reporting unit.
[4]	Adjustments are primarily related to the reclassification of assets and liabilities in accordance with the new accounting and disclosure requirements.

CONSOLIDATED CONDENSED BALANCE SHEETS (Parenthetical) - USD ($)
shares in Millions, $ in Millions

Dec. 31, 2018

Dec. 31, 2017

Dec. 31, 2016

Common Stock, Shares, Outstanding

670

696

Treasury Stock

Common stock, par value

$ 0.01

$ 1,491

$ 2,558

457

494

$ 167

155

239

^[1]

16,045

16,154

^[2]

399

318

Variable Interest Entity, Primary Beneficiary [Member]

1,217

1,326

$ 14

Deferred charges and other

137

Deferred credits and other

$ 5

$ 0

[1]

[2]

(1) We reclassified $73 million in land improvements to Buildings, riverboats and leasehold and land improvements to align with our 2018 reporting presentation.

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions

3 Months Ended

12 Months Ended

Dec. 31, 2018

Sep. 30, 2018

Jun. 30, 2018

Mar. 31, 2018

Dec. 31, 2017

Sep. 30, 2017

Jun. 30, 2017

Mar. 31, 2017

Dec. 31, 2018

Dec. 31, 2017

Dec. 31, 2016

Revenue from Contract with Customer, Including Assessed Tax

$ 2,115

$ 2,185

$ 2,119

$ 1,972

$ 1,901

$ 993

$ 1,008

$ 966

$ 8,391

$ 4,868

$ 3,877

Property, general, administrative, and other

1,761

1,124

1,147

Reimbursable management costs

202

1,145

626

439

332

202

194

155

^[1]

^[2]

7,652

4,331

3,651

100

232

282

125

154

149

150

739

537

226

(1,346)

(773)

(599)

2,028

5,729

(1)

(232)

Income/(loss) from continuing operations before income taxes

791

^[1]

(29)

183

(2,370)

(6,131)

Income/(loss) from continuing operations, net of income taxes

^[3],[4]

121

1,995

(327)

304

(375)

(6,458)

Discontinued operations, net of income taxes

3,380

Net (income)/loss attributable to noncontrolling interests

198

111

(34)

2,004

(439)

(1,432)

(508)

304

(375)

(3,078)

(1)

Earnings/(loss) per share - basic and diluted

$ 198

$ 110

$ 29

$ (34)

$ 2,004

$ (433)

$ (1,432)

$ (507)

$ 303

$ (368)

$ (3,049)

Basic earnings/(loss) per share from continuing operations

$ 0.44

$ (1.32)

$ (43.96)

Basic earnings per share from discontinued operations

23.11

Basic earnings/(loss) per share

$ 0.29

$ 0.16

$ 0.04

$ (0.05)

$ 3.01

$ (2.90)

$ (9.62)

$ (3.44)

0.44

(1.32)

(20.85)

Diluted earnings/(loss) per share from continuing operations

0.41

(1.32)

(43.96)

Diluted earnings per share from discontinued operations

23.11

Diluted earnings/(loss) per share

$ 0.25

$ 0.14

$ 0.04

$ (0.05)

$ 2.48

$ (2.90)

$ (9.62)

$ (3.44)

$ 0.41

$ (1.32)

$ (20.85)

Weighted-average common shares outstanding - basic

686

279

146

Weighted-average common shares outstanding - diluted

841

279

146

Revenue from Contract with Customer, Including Assessed Tax

$ 4,247

$ 2,168

$ 1,608

2,393

1,213

890

Revenue from Contract with Customer, Including Assessed Tax

1,574

982

822

1,106

693

572

Revenue from Contract with Customer, Including Assessed Tax

1,519

1,074

950

480

360

318

Revenue from Contract with Customer, Including Assessed Tax

789

584

497

Revenue from Contract with Customer, Including Assessed Tax

Revenue from Contract with Customer, Including Assessed Tax

$ 202

$ 48

$ 0

[1]	(2) Amounts include changes in fair value of the derivative liability related to the conversion option of the CEC Convertible Notes and the disputed claims liability as well as interest and dividend income.
[2]	(3) Amounts primarily represent costs incurred in connection with development activities and reorganization activities, and/or recoveries associated with such items, including acquisition and integration costs, contract exit fees including exiting the fully bundled sales system of NV Energy for electric service at our Nevada properties, lease termination costs, gains and losses on asset sales, weather related property closure costs, demolition costs primarily at our Las Vegas properties for renovations, and project opening costs.
[3]	(1) Taxes are recorded at the consolidated level and not estimated or recorded to our Las Vegas and Other U.S. segments.
[4]	(1) Taxes are recorded at the consolidated level and not estimated or recorded to our Las Vegas and Other U.S. segments.

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Net income/(loss)	$ 304	$ (375)	$ (3,078)
Foreign currency translation adjustments	(22)	9	0
Change in fair market value of interest rate swaps, net of tax	(13)	0	0
Other	1	(3)	(2)
Other Comprehensive Income (Loss), Net of Tax	(34)	6	(2)
Comprehensive income/(loss)	270	(369)	(3,080)
Net income/(loss) attributable to noncontrolling interests	1	(7)	(29)
Foreign currency translation adjustments	4	0	0
Comprehensive loss attributable to non-controlling interests	(3)	(7)	(29)
Comprehensive income/(loss) attributable to Caesars	$ 273	$ (362)	$ (3,051)

CONSOLIDATED STATEMENTS OF STOCKHOLDERS EQUITY/(DEFICIT) - USD ($)
$ in Millions

Total

Common Stock

Treasury Stock

Additional Paid-in-Capital

Accumulated Deficit

Accumulated Other Comprehensive Income/(Loss)

Total Caesars Stockholders' Equity

Noncontrolling Interest

Other Restructuring [Member]

Common Stock

Other Restructuring [Member]

Treasury Stock

Other Restructuring [Member]

Additional Paid-in-Capital

Other Restructuring [Member]

Accumulated Deficit

Other Restructuring [Member]

Accumulated Other Comprehensive Income/(Loss)

Other Restructuring [Member]

Total Caesars Stockholders' Equity

Other Restructuring [Member]

Noncontrolling Interest

Parent Company [Member]

Accumulated Other Comprehensive Income/(Loss)

Beginning balance at Dec. 31, 2015

$ 2,042

$ 1

$ (22)

$ 9,239

$ (7,257)

$ 1

$ 1,962

$ 80

Beginning balance (Adjustments for New Accounting Pronouncement [Member]) at Dec. 31, 2015

Increase (Decrease) in Stockholders' Equity [Roll Forward]

(3,049)

Net (income)/loss attributable to noncontrolling interests

(29)

$ (30)

(3,078)

Stock-based compensation | Adjustments for New Accounting Pronouncement [Member]

^[1]

(1)

CIE stock transactions, net

(629)

(626)

(3)

Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders

(2)

$ (2)

Ending balance at Dec. 31, 2016

(7)

(1,607)

(29)

8,676

(10,307)

(1)

(1,660)

Ending balance (Adjustments for New Accounting Pronouncement [Member]) at Dec. 31, 2016

Increase (Decrease) in Stockholders' Equity [Roll Forward]

(368)

Net (income)/loss attributable to noncontrolling interests

^[2]

(7)

(375)

(9)

Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders

Bankruptcy emergence and acquisition of OpCo (2)

^[3]

$ 5,176

$ 4

$ (114)

$ 5,321

$ 0

$ 5,211

$ (35)

CAC Merger (2)

^[3]

(2)

Consolidation of Korea Joint Venture (3)

^[4]

Ending balance at Dec. 31, 2017

(8)

3,297

(152)

14,040

(10,675)

3,226

Ending balance (Adjustments for New Accounting Pronouncement [Member]) at Dec. 31, 2017

Increase (Decrease) in Stockholders' Equity [Roll Forward]

303

Net (income)/loss attributable to noncontrolling interests

791

^[2]

$ 726

(1)

304

Repurchase of common stock

(22)

(311)

Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders

(34)

(30)

(4)

$ (30)

Ending balance at Dec. 31, 2018

$ 3,338

$ 7

$ (485)

$ 14,124

$ (10,372)

$ (24)

$ 3,250

$ 88

[1]	(1) Adoption of Accounting Standards Update No. 2016-09, Compensation-Stock Compensation.
[2]	(2) Amounts include changes in fair value of the derivative liability related to the conversion option of the CEC Convertible Notes and the disputed claims liability as well as interest and dividend income.
[3]	(2) See Note 1.
[4]	(3) See Note 2.

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Cash flows from operating activities
Net income/(loss)	$ 304	$ (375)	$ (3,078)
Adjustments to reconcile net income/(loss) to cash flows from operating activities:
Income from discontinued operations	0	0	(3,380)
Non-cash change in restructuring accrual	0	2,065	3,667
Interest accrued on financing obligations	142	27	0
Deferred income taxes	(145)	(1,858)	(90)
Gain on deconsolidation of subsidiaries	0	(31)	0
Depreciation and amortization	1,145	626	439
Loss on extinguishment of debt	1	232	0
Change in fair value of derivative liability	(697)	(64)	0
Stock-based compensation expense	79	43	232
Amortization of deferred finance costs and debt discount/premium	15	26	24
Provision for doubtful accounts	21	8	11
Goodwill, Impairment Loss	43	0	0
Other Asset Impairment Charges	35	0	0
Other non-cash adjustments to net income/(loss)	(28)	32	23
Net changes in:
Accounts receivable	14	(75)	(28)
Due from affiliates, net	5	(55)	19
Inventories, prepayments and other current assets	76	64	9
Deferred charges and other	(69)	(26)	0
Accounts payable	(78)	(4)	39
Interest payable	19	(35)	(64)
Accrued expenses	(101)	15	87
Contract liabilities	18	3	(1)
Restructuring accruals	0	(2,880)	2,029
Deferred credits and other	(6)	(63)	104
Other	(7)	2	0
Cash flows provided by/(used in) operating activities	786	(2,323)	42
Cash flows from investing activities
Acquisition of businesses, net of cash and restricted cash acquired	(1,578)	561	0
Acquisition of property and equipment, net of change in related payables	(565)	(598)	(220)
Deconsolidation of subsidiary cash	0	(57)	0
Consolidation of Korea Joint Venture	0	19	0
Payments to acquire certain gaming rights	(20)	0	0
Payments to acquire investments	(22)	(12)	(23)
Proceeds from the sale and maturity of investments	43	33	46
Return of investment from discontinued operations	0	0	132
Contributions to discontinued operations	0	0	(56)
Other	7	(1)	0
Cash flows used in investing activities	(2,135)	(55)	(121)
Cash flows from financing activities
Proceeds from long-term debt and revolving credit facilities	1,167	7,550	120
Debt issuance and extension costs and fees	(5)	(288)	0
Repayments of long-term debt and revolving credit facilities	(1,130)	(7,846)	(268)
Proceeds from sale-leaseback financing arrangement	745	1,136	0
Proceeds from the issuance of common stock	6	11	6
Repurchase of common stock	(311)	0	0
Repurchase of CIE shares and distribution of sale proceeds	0	(63)	(1,126)
Taxes paid related to net share settlement of equity awards	(22)	(11)	(7)
Financing obligation payments	(173)	(54)	0
Contributions from noncontrolling interest owners	20	0	15
Distributions to noncontrolling interest owners	0	(6)	0
Cash flows used in financing activities	297	429	(1,260)
Cash flows from discontinued operations
Cash flows from operating activities	0	0	168
Cash flows from investing activities	0	0	4,379
Cash flows from financing activities	0	0	(76)
Net cash from discontinued operations	0	0	4,471
Change in cash, cash equivalents, and restricted cash classified as assets held for sale	0	0	112
Net increase/(decrease) in cash, cash equivalents, and restricted cash	(1,052)	(1,949)	3,244
Cash, cash equivalents, and restricted cash, beginning of period	2,709	4,658	1,414
Cash, cash equivalents, and restricted cash, end of period	1,657	2,709	4,658
Supplemental Cash Flow Information
Cash paid for interest	1,169	749	634
Cash paid for income taxes	8	7	305
Issuance of convertible notes and call right	0	2,349	0
Issuance of CEC common stock	0	3,435	0
Change in accrued capital expenditures	149	(6)	14
Deferred consideration for acquisition of Centaur	$ 66	$ 0	$ 0

Description of Business (Notes)

12 Months Ended

Dec. 31, 2018

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Description of Business

Organization

We lease certain real property assets from VICI Properties Inc. and/or its subsidiaries (collectively, “VICI”).

New Transactions with VICI

Harrah’s Philadelphia Real Estate Sale and Leaseback

Modifications to Lease Agreements with VICI

Sale of Octavius Tower at Caesars Palace

Acquisition of Centaur Holdings, LLC

CEOC’s Emergence from Bankruptcy and CEC’s Merger with Caesars Acquisition Company

Summary of CAC Merger and CEOC Emergence Transactions

(In millions)	CAC Merger		Restructuring Support Settlement		OpCo Acquisition		Total
Cash	$	—	$	2,787	$	700	$	3,487
CEC common stock (value)	2,894		3,435		1,774		8,103
CEC convertible notes (fair value)	—		2,172		—		2,172
Other consideration	—		177		—		177
Total consideration	$	2,894	$	8,571	$	2,474	$	13,939

CEC common stock (shares)	226		268		139		633

Restructuring and Support Expenses

Basis of Presentation & Consolidation (Notes)	12 Months Ended
Basis of Presentation & Consolidation (Notes)	Dec. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation and Principles of Consolidation	Basis of Presentation and Principles of Consolidation Basis of Presentation and Use of Estimates Our consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States (“GAAP”), which require the use of estimates and assumptions that affect the reported amounts of assets, liabilities, revenues, and expenses and the disclosure of contingent assets and liabilities. Management believes the accounting estimates are appropriate and reasonably determined. Actual amounts could differ from those estimates. Certain prior year amounts have been reclassified to conform to the current year’s presentation. For the year ended December 31, 2017, $12 million was reclassified from Other revenue to Management fees on our Statement of Operations. Adoption of New Revenue Recognition Standard On January 1, 2018, we adopted the new accounting standard Accounting Standards Update (“ASU”) 2014-09, Revenue from Contracts with Customers, and all related amendments. See Note 15 for additional information and details on the effects of adopting the new standard. Reportable Segments We view each property as an operating segment and aggregate all such properties into three regionally-focused reportable segments: (i) Las Vegas, (ii) Other U.S., and (iii) All Other, which is consistent with how we manage the business. See Note 21. Consolidation of Subsidiaries and Variable Interest Entities Our consolidated financial statements include the accounts of Caesars Entertainment and its subsidiaries after elimination of all intercompany accounts and transactions. We consolidate all subsidiaries in which we have a controlling financial interest and variable interest entities (“VIEs”) for which we or one of our consolidated subsidiaries is the primary beneficiary. Control generally equates to ownership percentage, whereby (i) affiliates that are more than 50% owned are consolidated; (ii) investments in affiliates of 50% or less but greater than 20% are generally accounted for using the equity method where we have determined that we have significant influence over the entities; and (iii) investments in affiliates of 20% or less are generally accounted for using the cost method. We consolidate a VIE when we have both the power to direct the activities that most significantly impact the results of the VIE and the right to receive benefits or the obligation to absorb losses of the entity that could be potentially significant to the VIE. Along with the VIEs that are consolidated in accordance with the above guidelines, we also hold variable interests in other VIEs that are not consolidated because we are not the primary beneficiary. We continually monitor both consolidated and unconsolidated VIEs to determine if any events have occurred that could cause the primary beneficiary to change. A change in determination could have a material impact on our financial statements. Consolidation of Korea JV During 2017, CEC formed a joint venture referred to herein as the Korea JV. The purpose of the Korea JV is to acquire, develop, own, and operate a casino resort project in Incheon, South Korea. We determined that the Korea JV is a VIE and CEC is the primary beneficiary and, therefore, CEC consolidates the Korea JV into its financial statements. Horseshoe Baltimore Casino Through August 31, 2017, we consolidated Horseshoe Baltimore Casino (“Horseshoe Baltimore”) as a VIE for which we were the primary beneficiary. Due to the expiration of certain transfer restrictions, we were no longer considered the primary beneficiary and deconsolidated Horseshoe Baltimore. Horseshoe Baltimore generated year-to-date net revenues of $190 million and net loss attributable to Caesars of $7 million until its deconsolidation effective August 31, 2017. Upon deconsolidation, we derecognized total assets and liabilities of $350 million and $356 million, respectively, including long-term debt totaling $294 million. We recorded our interest in Horseshoe Baltimore at its estimated fair value of $28 million, recognizing a gain on deconsolidation of $31 million, and are accounting for Horseshoe Baltimore as an equity method investment subsequent to the deconsolidation. We estimated the fair value of the interest in Horseshoe Baltimore by weighting the results of the discounted cash flow method and the guideline public company method. Horseshoe Baltimore will continue to be a managed property of CEOC LLC subsequent to its deconsolidation, and transactions with Horseshoe Baltimore are not eliminated under the equity method of accounting. These related party transactions include but are not limited to items such as casino management fees paid to CEOC LLC, reimbursed management costs, and the allocation of other expenses. See Note 20.

Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2018

Summary of Significant Accounting Policies

Additional significant accounting policy disclosures are provided within the applicable notes to the Financial Statements.

Cash, Cash Equivalents, and Restricted Cash

Restricted cash includes cash pledged as collateral for certain operating and capital expenditures in the normal course of bu

Reconciliation to Statements of Cash Flows

	As of December 31,
(In millions)	2018		2017
Cash and cash equivalents	$	1,491	$	2,558
Restricted cash, current	115		116
Restricted cash, non-current	51		35
Total cash, cash equivalents, and restricted cash	$	1,657	$	2,709

Advertising

Other Operating Costs

Recently Issued Accounting Pronouncements	12 Months Ended
Recently Issued Accounting Pronouncements	Dec. 31, 2018
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Recently Issued Accounting Pronouncements	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;color:#bf2115;font-weight:bold;"></font><font style="font-family:inherit;font-size:12pt;color:#bf2115;font-weight:bold;">Recently Issued Accounting Pronouncements</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The FASB issued the following authoritative guidance amending the FASB ASC.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In </font><font style="font-family:inherit;font-size:10pt;">2018</font><font style="font-family:inherit;font-size:10pt;">, we adopted the following ASUs:</font></div><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font>ASU 2014-09, </font><font style="font-style:italic;">Revenue from Contracts with Customers</font><font> </font><font style="font-family:inherit;font-size:10pt;">(see </font><font style="font-family:inherit;font-size:10pt;">Note 15</font><font style="font-family:inherit;font-size:10pt;">).</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font>ASU 2016-16, </font><font style="font-style:italic;">Income Taxes</font><font style="font-family:inherit;font-size:10pt;"> (see </font><font style="font-family:inherit;font-size:10pt;">Note 18</font><font style="font-family:inherit;font-size:10pt;">).</font></div></td></tr></table><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In </font><font style="font-family:inherit;font-size:10pt;">2018</font><font style="font-family:inherit;font-size:10pt;">, the following ASUs became effective, but there was no quantitative or qualitative effect on our financial statements:</font></div><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font>ASU 2018-09, </font><font style="font-style:italic;">Codification Improvements.</font><font style="font-family:inherit;font-size:10pt;"> </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font>ASU 2018-05, </font><font style="font-style:italic;">Income Taxes (Topic 740): Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 118</font><font>.</font><font style="font-family:inherit;font-size:10pt;"> </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font>ASU 2018-04, </font><font style="font-style:italic;">Investments — Debt Securities (Topic 320) and Regulated Operations (Topic 980): Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 117 and SEC Release No. 33-9273.</font><font style="font-family:inherit;font-size:10pt;"> </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font>ASU 2017-09, </font><font style="font-style:italic;">Compensation - Stock Compensation</font><font>.</font><font style="font-family:inherit;font-size:10pt;"> </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font>ASU 2017-01, </font><font style="font-style:italic;">Business Combinations</font><font>.</font><font style="font-family:inherit;font-size:10pt;"> </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font>ASU 2016-18, </font><font style="font-style:italic;">Statement of Cash Flows</font><font>.</font><font style="font-family:inherit;font-size:10pt;"> </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font>ASU 2016-01, </font><font style="font-style:italic;">Financial Instruments - Overall</font><font>.</font><font style="font-family:inherit;font-size:10pt;"> </font></div></td></tr></table><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following ASUs were not yet effective as of </font><font style="font-family:inherit;font-size:10pt;">December 31, 2018</font><font style="font-family:inherit;font-size:10pt;">:</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">New Developments</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;text-decoration:underline;">Collaborative Arrangements - November 2018</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">:</font><font style="font-family:inherit;font-size:10pt;"> Amended guidance makes targeted improvements to GAAP for collaborative arrangements including: (i) clarifying that certain transactions between collaborative arrangement participants should be accounted for as revenue under ASC 606 when the collaborative arrangement participant is a customer in the context of a unit of account, (ii) adding unit-of-account guidance in ASC 808 to align with the guidance in ASC 606 (that is, a distinct good or service) when an entity is assessing whether the collaborative arrangement or a part of the arrangement is within the scope of ASC 606, and (iii) requiring that in a transaction with a collaborative arrangement participant that is not directly related to sales to third parties, presenting the transaction together with revenue recognized under ASC 606 is precluded if the collaborative arrangement participant is not a customer. The amendments in this update are effective for public entities for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. Early adoption is permitted. The amendments should be applied retrospectively to the date of initial application of ASC 606. An entity may elect to apply the amendments in this ASU retrospectively either to all contracts or only to contracts that are not completed at the date of initial application of ASC 606. An entity should disclose its election. An entity may elect to apply the practical expedient for contract modifications that is permitted for entities using the modified retrospective transition method in ASC 606. We are currently assessing the effect the adoption of this standard will have on our financial statements.</font><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Previously Disclosed</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;text-decoration:underline;">Intangibles - Goodwill and Other - Internal-Use Software - August 2018</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">:</font><font style="font-family:inherit;font-size:10pt;"> Amended guidance aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. The accounting for the service element of a hosting arrangement that is a service contract is not affected. The amendments in this update are effective for public entities for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. Early adoption is permitted. The amendments in this ASU should be applied either retrospectively or prospectively to all implementation costs incurred after the date of adoption. We are currently assessing the effect the adoption of this standard will have on our financial statements.</font><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;text-decoration:underline;">Fair Value Measurement - August 2018</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">: </font><font style="font-family:inherit;font-size:10pt;">Amended guidance modifies fair value measurement disclosure requirements including (i) removing certain disclosure requirements such as the amount of and reasons for transfers between Level 1 and Level 2 of the fair value hierarchy, (ii) modifying certain disclosure requirements, and (iii) adding certain disclosure requirements such as changes in unrealized gains and losses for the period included in other comprehensive income for recurring Level 3 fair value measurements held at the end of the reporting period. The amendments in this update are effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. Early adoption is permitted. The amendments on changes in unrealized gains and losses, the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements, and the narrative description of measurement uncertainty should be applied prospectively for only the most recent interim or annual period presented in the initial fiscal year of adoption. All other amendments should be applied retrospectively to all periods presented upon their effective date. We are currently assessing the effect the adoption of this standard will have on our financial statements.</font><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;text-decoration:underline;">Leases - February 2016 (amended through December 2018)</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">:</font><font style="font-family:inherit;font-size:10pt;"> The amended guidance is intended to increase transparency and comparability among organizations by requiring additional disclosures to reflect the significance of an entity’s leasing arrangements. The new standard establishes a right-of-use (“ROU”) model that requires a lessee to recognize an ROU asset and lease liability on the balance sheet for all leases with a term longer than 12 months. Many long-term operating leases, including agreements relating to real estate, will be recorded on the balance sheet as an ROU asset with a corresponding lease liability, which will be amortized using the effective interest rate method as payments are made. Certain leases embedded in other arrangements, such as service and supplier contracts, may be accounted for separately by allocating payments between lease and non-lease components.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The new standard provides a number of optional practical expedients in transition. We currently expect to elect the package of practical expedients, which permits us to carryforward our prior conclusions about lease identification, lease classification and initial direct costs. Additionally, we currently expect to adopt the practical expedient that allows comparative periods to be reported under current lease accounting guidance consistent with previously issued financial statements. We also do not currently expect to record leases on the balance sheet that at the commencement date have a lease term of twelve months or less. </font></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">While we continue to assess all of the effects of adoption, we currently believe the most significant effects relate to the recognition of new ROU assets and lease liabilities on our Balance Sheet for our real estate operating leases and providing significant new disclosures about our leasing activities. These operating leases will be recognized on a straight-line basis in rent expense. Additionally, we continue to evaluate the impact of the adoption on our existing failed sale-leaseback transactions. The Company expects the accounting for lease agreements where the Company is a lessor to be accounted for in the same manner as those agreements are accounted for under current accounting guidance.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">This guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. We will adopt the new standard on January 1, 2019 and have elected to apply the guidance as of the adoption date. Consequently, financial information will not be updated, and the disclosures required under the new standard will not be provided for dates and periods before January 1, 2019.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;text-decoration:underline;">Financial Instruments - Credit Losses - June 2016 (amended through November 2018)</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">:</font><font style="font-family:inherit;font-size:10pt;"> Amended guidance replaces the incurred loss impairment methodology with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. Amendments affect entities holding financial assets and net investments in leases that are not accounted for at fair value through net income. The amendments affect loans, debt securities, trade receivables, net investments in leases, off-balance-sheet credit exposures, reinsurance receivables and any other financial assets not excluded from the scope that have the contractual right to receive cash. Amendments are effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. Early adoption is permitted. An entity will apply the amendments in this ASU through a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the guidance is effective (that is, a modified-retrospective approach). A prospective transition approach is required for debt securities for which an other-than-temporary impairment had been recognized before the effective date. The effect of a prospective transition approach is to maintain the same amortized cost basis before and after the effective date of this ASU. We are currently assessing the effect the adoption of this standard will have on our financial statements.</font></div></div>

Property and Equipment (Notes)

12 Months Ended

Dec. 31, 2018

Property and Equipment

Useful Lives

Land improvements			12	years
Buildings	5	to	40	years
Building and leasehold improvements	3	to	30	years
Riverboats and barges			30	years
Furniture, fixtures, and equipment	2.5	to	12	years

Property and Equipment, Net

	As of December 31,
(In millions)	2018			2017 ⁽¹⁾
Land	$	4,871		$	4,857
Buildings, riverboats, and leasehold and land improvements	12,243			11,824
Furniture, fixtures, and equipment	1,563			1,277
Construction in progress	406			329
Total property and equipment	19,083			18,287
Less: accumulated depreciation	(3,038		)	(2,133		)
Total property and equipment, net	$	16,045		$	16,154

____________________


⁽¹⁾	We reclassified $73 million in land improvements to Buildings, riverboats and leasehold and land improvements to align with our 2018 reporting presentation.

During 2018, we recorded tangible asset impairment charges of $14 million, which was related to the closure of casino operations at our property Tunica Roadhouse in January 2019.

Depreciation Expense and Other Amortization Expense

	Years Ended December 31,
(In millions)	2018		2017		2016
Depreciation expense ⁽¹⁾	$	1,074	$	555	$	369
Other amortization expense	3		4		5

____________________

⁽¹⁾

Depreciation is calculated using the straight-line method over the shorter of the estimated useful life of the asset or the related lease.

Business Combination (Notes)

12 Months Ended

Dec. 31, 2018

Business Combination Disclosure [Text Block]

Business Combinations

Acquisition of Centaur Holdings, LLC



(In millions)
Cash paid	$	1,636
Deferred consideration ⁽¹⁾	66
Total purchase price	$	1,702

____________________


⁽¹⁾	Deferred consideration is payable in an installment of $25 million on the second anniversary of the Centaur Closing Date and $50 million on the third anniversary of the Centaur Closing Date with prepayments and right of setoff permitted, subject to the terms and conditions of the Unit Purchase Agreement. $66 million represents the present value of future expected cash flows.

Additionally, CEC paid a $50 million license transfer fee on behalf of Hoosier Park Racing & Casino, which was excluded from the purchase price consideration and is an assumed liability.

Purchase Price Allocation



(In millions)	Fair Value			Weighted-Average Useful Life (years)
Assets acquired:
Cash and cash equivalents	$	39
Receivables, net	2
Other current assets	26
Property and equipment	297
Intangible assets other than goodwill
Trade names and trademarks	14			2.5
Gaming rights ⁽¹⁾	1,390
Customer relationships	41			15.0
Total assets	1,809

Liabilities assumed:
Current liabilities	(92		)
Deferred income taxes	(290		)
Total liabilities	(382		)
Net identifiable assets acquired	1,427
Goodwill	275
Total Centaur equity value	$	1,702

___________________


⁽¹⁾	Indefinite-lived intangible assets.

Unaudited Pro Forma Financial Information



	(Unaudited)
	Years Ended December 31,
(In millions)	2018		2017
Net revenues	$	8,663	$	5,357
Net income/(loss) attributable to Caesars	166		(117		)

CEC’s Acquisition of OpCo



(In millions)
Cash	$	700
CEC common stock ⁽¹⁾	1,774
Total cash and stock consideration	2,474
Settlement of pre-existing relationships	252
Total OpCo equity value	$	2,726

____________________


⁽¹⁾	Approximately 139 million shares of CEC common stock issued at the Effective Date closing stock price of $12.80.

Purchase Price Allocation



(In millions)	Fair Value			Weighted-Average Useful Life (years)
Assets acquired:
Cash and cash equivalents	$	1,239
Receivables, net	266
Other current assets	200
Property and equipment	8,943			35.0
Intangible assets other than goodwill
Trade names and trademarks ⁽¹⁾	664
Gaming rights ⁽¹⁾	207
Caesars Rewards ⁽¹⁾	253
Customer relationships	137			14.8
Other non-current assets	180
Total assets	12,089

Liabilities assumed:
Current liabilities	(765		)
Long-term debt	(1,607		)
Financing obligations	(8,310		)
Deferred income taxes	(568		)
Deferred credits and other liabilities	(361		)
Total liabilities	(11,611		)
Noncontrolling interest	41
Net identifiable assets acquired	519
Goodwill	2,207
Total OpCo equity value	$	2,726

____________________


⁽¹⁾	Indefinite-lived intangible assets.

In connection with the reorganization of CEOC, the income approach was used to estimate the fair value of the noncontrolling interest of $13 million.

Receivables

Acquired Markers Accretable Yield

(In millions)	2018			2017
Balance as of January 1 and October 6, respectively	$	6		$	8
Accretion	(3		)	(2		)
Balance as of December 31	$	3		$	6

Unaudited Pro Forma Financial Information


•	Depreciation and interest expense recognized related to the failed sale-leaseback financing obligations associated with the real estate assets and the financing obligation associated with the Golf Course Properties that were sold to VICI and leased back by CEOC LLC; and


•	Interest expense related to the issuance of the CEOC LLC Term Loan, the CEOC LLC Revolving Credit Facility, and the CEC Convertible Notes (see Note 12 for additional information).



	(Unaudited)
	Years Ended December 31,
(In millions, except per share data)	2017		2016
Net revenues	$	8,349	$	8,529
Net income/(loss) attributable to Caesars	6,401		(2,570		)

Merger with CAC

Summary of Merger as of October 6, 2017

(In millions)	Total Value
Assets acquired	$	152
Liabilities assumed	(96		)
Acquisition of noncontrolling interest in CGP from CAC	1,751
Net book value	$	1,807

Goodwill and Other Intangible Assets (Notes)

12 Months Ended

Dec. 31, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

Caesars Rewards

Changes in Carrying Value of Goodwill by Segment

(In millions)	Las Vegas			Other U.S.			All Other			CEC Total
Gross Goodwill
Balance as of January 1, 2017	$	4,410		$	650		$	—		$	5,060
OpCo acquisition ⁽¹⁾	1,794			352			61			2,207
Balance as of December 31, 2017	6,204			1,002			61			7,267
Accumulated Impairment
Balance as of January 1, 2017 and December 31, 2017	(3,115		)	(337		)	—			(3,452		)
Net carrying value, as of December 31, 2017 ⁽²⁾	$	3,089		$	665		$	61		$	3,815

Gross Goodwill
Balance as of January 1, 2018	$	6,204		$	1,002		$	61		$	7,267
Centaur acquisition ⁽¹⁾	—			275			—			275
Other	—			—			(3		)	(3		)
Balance as of December 31, 2018	6,204			1,277			58			7,539
Accumulated Impairment
Balance as of January 1, 2018	(3,115		)	(337		)	—			(3,452		)
Impairment	—			(17		)	(26		)	(43		)
Balance as of December 31, 2018	(3,115		)	(354		)	(26		)	(3,495		)
Net carrying value, as of December 31, 2018 ⁽²⁾	$	3,089		$	923		$	32		$	4,044

____________________


⁽¹⁾	See Note 4 for further details relating to the acquisitions of OpCo and Centaur.


⁽²⁾	$405 million of goodwill is associated with a reporting unit with zero or negative carrying value. As the reporting unit has a positive fair value, there was no impairment associated with this reporting unit.

Changes in Carrying Value of Intangible Assets Other than Goodwill

	Amortizing						Non-Amortizing						Total
(In millions)	2018			2017			2018			2017			2018			2017
Balance as of January 1	$	355		$	285		$	1,254		$	148		$	1,609		$	433
Impairments ⁽¹⁾	—			—			(21		)	—			(21		)	—
Amortization expense	(68		)	(67		)	—			—			(68		)	(67		)
Deconsolidation of Horseshoe Baltimore ⁽²⁾	—			—			—			(22		)	—			(22		)
OpCo acquisition ⁽³⁾	—			137			—			1,124			—			1,261
Centaur acquisition ⁽³⁾	55			—			1,390			—			1,445			—
Other additions ⁽⁴⁾	—			—			20			—			20			—
Other	—			—			(8		)	4			(8		)	4
Balance as of December 31	$	342		$	355		$	2,635		$	1,254		$	2,977		$	1,609

____________________


⁽¹⁾	$12 million recognized in our Other U.S. segment and $9 million recognized in our All Other segment.


⁽²⁾	See Note 2 or further details relating to the deconsolidation of Horseshoe Baltimore.


⁽³⁾	See Note 4 for further details relating to the acquisitions of OpCo and Centaur.


⁽⁴⁾	Other additions of $20 million are related to gaming rights.

Gross Carrying Value and Accumulated Amortization of Intangible Assets Other than Goodwill

	December 31, 2018								December 31, 2017
(Dollars in millions)	Weighted Average Remaining Useful Life (in years)	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Amortizing intangible assets
Trade names and trademarks	2.3	$	14	$	(3	)	$	11	$	—	$	—		$	—
Customer relationships	4.5	1,071		(756		)	315		1,030		(693		)	337
Contract rights	6.0	3		(2		)	1		3		(2		)	1
Gaming rights and other	5.5	43		(28		)	15		43		(26		)	17
		$	1,131	$	(789	)	342		$	1,076	$	(721	)	355
Non-amortizing intangible assets
Trademarks							790							790
Gaming rights							1,592							211
Caesars Rewards							253							253
							2,635							1,254
Total intangible assets other than goodwill							$	2,977						$	1,609

Estimated Five-Year Amortization

	Years Ended December 31,
(In millions)	2019		2020		2021		2022		2023
Estimated annual amortization expense	$	71	$	71	$	60	$	17	$	15

Fair Value Measurements (Notes)

12 Months Ended

Dec. 31, 2018

Fair Value Measurements

We have not elected the fair value measurement option available under GAAP for any of our assets or liabilities that meet the criteria for this option.

Items Measured at Fair Value on a Recurring Basis

The following table shows the fair value of our financial assets and financial liabilities that are required to be measured at fair value as of the date shown:



(In millions)	Balance		Level 1		Level 2		Level 3
December 31, 2018
Assets
Government bonds	$	15	$	—	$	15	$	—
Derivative instruments - interest rate swaps	6		—		6		—
Total assets at fair value	$	21	$	—	$	21	$	—
Liabilities
Derivative instruments - interest rate swaps	$	22	$	—	$	22	$	—
Derivative instruments - CEC Convertible Notes	324		—		324		—
Disputed claims liability	45		—		45		—
Total liabilities at fair value	$	391	$	—	$	391	$	—

December 31, 2017
Assets
Equity securities	$	8	$	8	$	—	$	—
Government bonds	25		—		25		—
Total assets at fair value	$	33	$	8	$	25	$	—
Liabilities
Derivative instruments - CEC Convertible Notes	$	1,016	$	—	$	—	$	1,016
Disputed claims liability	112		—		—		112
Total liabilities at fair value	$	1,128	$	—	$	—	$	1,128

Changes in Level 3 Fair Value Measurements

(In millions)	CEC Convertible Notes ⁽¹⁾			VICI Call Right ⁽²⁾			Derivative Instruments ⁽¹⁾			Disputed Claims Liability
Balance as of January 1, 2017	$	1,600		$	131		$	—		$	—
Restructuring of CEOC and other	640			46			—			—
Settlement of Restructuring Support and Forbearance Agreement Accrual	(2,240		)	(177		)	1,080			112
Change in fair value recorded in Other income/(loss)	—			—			(64		)	—
Balance as of December 31, 2017	—			—			1,016			112
Change in fair value recorded in Other income/(loss)	—			—			(282		)	(10		)
Change due to resolved claims in Disputed claims liability	—			—			4			(29		)
Transfer to Level 2 on October 1, 2018 ⁽³⁾	—			—			(738		)	(73		)
Balance as of December 31, 2018	$	—		$	—		$	—		$	—

____________________


⁽¹⁾	The CEC Convertible Notes were remeasured at fair value and issued on the Effective Date with a debt component and a derivative liability component. See Note 12 for further details on the debt portion of the CEC Convertible Notes. The derivative portion of the CEC Convertible Notes is a recurring fair value measurement, see below.


⁽²⁾	The VICI Call Right was remeasured at fair value and then transferred to Accrued expenses and other current liabilities on the Balance Sheet upon settlement on the Effective Date because it is an option related to real estate and not a derivative. See Note 9.


⁽³⁾	Due to a change in valuation methodology of the CEC Convertible Notes on October 1, 2018, the derivative liability of the CEC Convertible Notes and the Disputed claims liability were transferred to Level 2.

Equity Securities

Government Bonds

Derivative Instruments

We do not purchase or hold any derivative financial instruments for trading purposes.

CEC Convertible Notes - Derivative Liability

On the Effective Date, CEC issued $1.1 billion aggregate principal amount of 5.00% convertible senior notes maturing in 2024, see Note 12 for further details.

Valuation Methodology

Key Assumptions as of December 31, 2017 -


•	Incremental cost of borrowing - 4.75%


•	Expected volatility - 30%


•	Risk-free rate - 2.3%

Key Assumptions as of December 31, 2018 -


•	Actively traded price of CEC Convertible Notes - $122.38


•	Incremental cost of borrowing - 7.0%

Interest Rate Swap Derivatives

The major terms of the interest rate swap agreements as of December 31, 2018 are as follows:



Effective Date	Notional Amount (In millions)	Fixed Rate Paid	Variable Rate Received as of December 31, 2018	Maturity Date
12/31/2018	250	2.274%	2.522%	12/31/2022
12/31/2018	200	2.828%	2.522%	12/31/2022
12/31/2018	600	2.739%	2.522%	12/31/2022
1/1/2019	250	2.153%	N/A	12/31/2020
1/1/2019	250	2.196%	N/A	12/31/2021
1/1/2019	400	2.788%	N/A	12/31/2021
1/1/2019	200	2.828%	N/A	12/31/2022
1/2/2019	250	2.172%	N/A	12/31/2020
1/2/2019	200	2.731%	N/A	12/31/2020
1/2/2019	400	2.707%	N/A	12/31/2021

Valuation Methodology

Disputed Claims Liability

Detail of Accrued Expenses and Other Current Liabilities (Notes)

12 Months Ended

Dec. 31, 2018

Detail of Accrued Expenses and Other Current Liabilities

Accrued Expenses and Other Current Liabilities



	As of December 31,
(In millions)	2018		2017
Payroll and other compensation	$	281	$	268
VICI Call Right	177		177
Self-insurance claims and reserves	173		192
Accrued taxes	157		137
Advance deposits	92		126
Disputed claims liability (See Note 11)	45		112
Chip and token liability	37		38
Other accruals	255		276
Total accrued expenses and other current liabilities	$	1,217	$	1,326

Self-Insurance Accruals

VICI Call Right

Leases (Notes)

12 Months Ended

Dec. 31, 2018

Commitments and Contingencies Disclosure [Abstract]

Leases

Operating Leases

Failed Sale-Leaseback Financing Obligations

Future Minimum Lease Commitments

(In millions)	Operating Leases		Financing Obligation
2019	$	82	$	753
2020	70		809
2021	57		822
2022	53		836
2023	51		855
Thereafter	966		34,333
Total minimum rental commitments	$	1,279	$	38,408

Guarantee for Failed Sale-Leaseback

Litigation, Contractual Commitments and Contingent Liabilities (Notes)

12 Months Ended

Dec. 31, 2018

Commitments and Contingencies Disclosure [Text Block]

Litigation, Contractual Commitments, and Contingent Liabilities

Litigation

Contractual Commitments

Exit Cost Accruals



		As of December 31,
(In millions)	Accrual Obligation End Date	2018		2017
Future obligations under land lease agreements ⁽¹⁾	December 2092	$	43	$	43
Iowa greyhound pari-mutuel racing fund	December 2021	33		40
Permanent closure of international properties ⁽²⁾	January 2032	10		18
Unbundling of electric service provided by NV Energy	February 2024	58		38
Total		$	144	$	139

____________________


⁽¹⁾	Associated with the abandonment of a construction project near the Mississippi Gulf Coast.


⁽²⁾	Properties include Alea Leeds, Golden Nugget and Southend.

NV Energy

Sports Sponsorship/Partnership Obligations

Golf Course Properties

VICI Leases

Under the CEOC LLC Lease Agreements and the Harrah’s Las Vegas lease, we are required to spend certain minimum amounts on capital expenditures.

Tribal Casino Management Contracts

Separation Agreement

Contingent Liabilities

Resolution of Disputed Claims

Debt (Notes)

12 Months Ended

Dec. 31, 2018



	December 31, 2018								December 31, 2017
(Dollars in millions)	Final Maturity	Rate(s) ⁽¹⁾	Face Value			Book Value			Book Value
Secured debt
CRC Revolving Credit Facility	2022	variable ⁽²⁾	$	100		$	100		$	—
CRC Term Loan	2024	variable ⁽³⁾	4,653			4,577			4,616
CEOC LLC Revolving Credit Facility	2022	variable ⁽⁴⁾	—			—			—
CEOC LLC Term Loan	2024	variable ⁽⁵⁾	1,485			1,483			1,499
Unsecured debt
CEC Convertible Notes	2024	5.00%	1,083			1,083			1,078
CRC Notes	2025	5.25%	1,700			1,668			1,664
Special Improvement District Bonds	2037	4.30%	54			54			56
Total debt			9,075			8,965			8,913
Current portion of long-term debt			(164		)	(164		)	(64		)
Long-term debt			$	8,911		$	8,801		$	8,849

Unamortized premiums, discounts and deferred finance charges						$	110		$	121
Fair value			$	8,527

____________________


⁽¹⁾	Interest rate is fixed, except where noted.

⁽²⁾


⁽³⁾	LIBOR plus 2.75%.


⁽⁴⁾	LIBOR plus 2.00%.


⁽⁵⁾	LIBOR plus 2.00%. On April 16, 2018, the interest rate was repriced from the previous LIBOR plus 2.50%, see below.

Annual Estimated Debt Service Requirements

	Years Ended December 31,
(In millions)	2019		2020		2021		2022		2023		Thereafter		Total
Annual maturities of long-term debt	$	164	$	64	$	64	$	64	$	64	$	8,655	$	9,075
Estimated interest payments	480		470		470		460		450		540		2,870
Total debt service obligation ⁽¹⁾	$	644	$	534	$	534	$	524	$	514	$	9,195	$	11,945

____________________


⁽¹⁾	Debt principal payments are estimated amounts based on maturity dates and potential borrowings under our revolving credit facilities. Interest payments are estimated based on the forward-looking LIBOR curve and include the estimated impact of the ten interest rate swap agreements (see Note 8). Actual payments may differ from these estimates.

Current Portion of Long-Term Debt

Debt Discounts or Premiums and Deferred Finance Charges

Fair Value

CRC Term Loan and Revolving Credit Facility

CRC Notes

CEOC LLC Term Loan and Revolving Credit Facility

CEC Convertible Notes

Summary of Debt and Revolving Credit Facility Cash Flows from Financing Activities in 2018

(In millions)	Proceeds		Repayments			Loss on Extinguishment of Debt
CRC Revolving Credit Facility	$	700	$	(600	)	$	—
CRC Term Loan	—		(47		)	—
CEOC LLC Term Loan ⁽¹⁾	467		(482		)	(1		)
Other debt activity	—		(1		)	—
Total	$	1,167	$	(1,130	)	$	(1	)

____________________


⁽¹⁾	Includes amounts related to Amendment No. 1 to the CEOC LLC Credit Agreement discussed above.

Terms of Outstanding Debt

Restrictive Covenants

Guarantees

The CRC Notes are guaranteed on a senior unsecured basis by each wholly owned, domestic subsidiary of CRC that is a subsidiary guarantor with respect to the CRC Senior Secured Credit Facilities.

Restricted Net Assets

Stockholders' Equity and Loss Per Share (Notes)	12 Months Ended
Stockholders' Equity and Loss Per Share (Notes)	Dec. 31, 2018
Stockholders' Equity Attributable to Parent [Abstract]
Stockholders' Equity Note Disclosure [Text Block]	Stockholders’ Equity Share Repurchase Program On May 2, 2018, the Company announced that our Board of Directors authorized a Share Repurchase Program (the “Repurchase Program”) to repurchase up to $500 million of our common stock. On August 10, 2018, the Company announced that our Board of Directors increased its share repurchase authorization to $750 million of our common stock. Repurchases may be made at the Company’s discretion from time to time on the open market or in privately negotiated transactions. The Repurchase Program has no time limit, does not obligate the Company to make any repurchases, and may be suspended for periods or discontinued at any time. Any shares acquired are available for general corporate purposes. During the year ended December 31, 2018, we repurchased approximately 31 million shares for approximately $311 million under the program recorded in Treasury stock.

Earnings Per Share (Notes)

12 Months Ended

Dec. 31, 2018

Earnings Per Share [Text Block]

Earnings Per Share

Basic and Dilutive Net Earnings Per Share Reconciliation

	Years Ended December 31,
(In millions, except per share data)	2018		2017			2016
Income/(loss) from continuing operations attributable to Caesars, net of income taxes	$	303	$	(368	)	$	(6,429	)
Income from discontinued operations attributable to Caesars, net of income taxes	—		—			3,380
Net income/(loss) attributable to Caesars	303		(368		)	(3,049		)
Dilutive effect of CEC Convertible Notes, net of tax	42		—			—
Adjusted net income/(loss) attributable to Caesars	$	345	$	(368	)	$	(3,049	)

Weighted-average common shares outstanding - basic	686		279			146
Dilutive potential common shares: Stock-based compensation awards	4		—			—
Dilutive potential common shares: CEC Convertible Notes	151		—			—
Weighted-average common shares outstanding - diluted	841		279			146

Basic earnings/(loss) per share from continuing operations	$	0.44	$	(1.32	)	$	(43.96	)
Basic earnings per share from discontinued operations	—		—			23.11
Basic earnings/(loss) per share	$	0.44	$	(1.32	)	$	(20.85	)

Diluted earnings/(loss) per share from continuing operations	$	0.41	$	(1.32	)	$	(43.96	)
Diluted earnings per share from discontinued operations	—		—			23.11
Diluted earnings/(loss) per share	$	0.41	$	(1.32	)	$	(20.85	)

Weighted-Average Number of Anti-Dilutive Shares Excluded from Calculation of EPS

	Years Ended December 31,
(In millions)	2018	2017	2016
Stock-based compensation awards	11	21	19
CEC Convertible Notes	—	36	—
Total anti-dilutive common stock	11	57	19

Revenue Recognition - (Notes)

12 Months Ended

Dec. 31, 2018

Revenue from Contract with Customer [Text Block]

Revenue Recognition

Adoption of New Revenue Recognition Standard

Effect of Adopting New Revenue Recognition Standard - Balance Sheets

(In millions)	Previously Reported			ASC Adjustments			As Recast
December 31, 2017
Receivables, net	$	496		$	(2	)	$	494
Property and equipment, net⁽¹⁾	16,228			(74		)	16,154
Accrued expenses and other current liabilities ⁽²⁾	1,459			(133		)	1,326
Contract liabilities⁽²⁾	—			129			129
Financing obligations⁽¹⁾	9,429			(74		)	9,355
Deferred credits and other liabilities	1,473			1			1,474
Stockholders’ equity	3,296			1			3,297
December 31, 2016
Stockholders’ deficit	(1,609		)	2			(1,607		)
December 31, 2015
Stockholders’ equity	2,039			3			2,042

____________________

⁽¹⁾


⁽²⁾	Adjustments are primarily related to the reclassification of assets and liabilities in accordance with the new accounting and disclosure requirements.

Effect of Adopting New Revenue Recognition Standard - Statements of Operations

	Year Ended December 31, 2017						Year Ended December 31, 2016
(In millions)	Prior to Adoption			Post Adoption			Prior to Adoption			Post Adoption
Revenues
Casino	$	2,865		$	2,168		$	2,177		$	1,608
Food and beverage	938			982			788			822
Rooms	1,054			1,074			923			950
Other revenue	626			584			527			497
Management fees	—			12			—			—
Reimbursed management costs	48			48			—			—
Casino promotional allowances	(679		)	—			(538		)	—
Net revenues	4,852			4,868			3,877			3,877
Operating expenses
Direct
Casino	1,521			1,213			1,128			890
Food and beverage	446			693			383			572
Rooms	276			360			249			318
Property, general, administrative, and other	1,133			1,124			1,166			1,147
Reimbursable management costs	48			48			—			—
Depreciation and amortization	628			626			439			439
Corporate expense	204			202			194			194
Other operating costs	64			65			91			91
Total operating expenses	4,320			4,331			3,650			3,651
Income from operations	532			537			227			226
Interest expense	(774		)	(773		)	(599		)	(599		)
Gain on deconsolidation of subsidiaries	30			31			—			—
Restructuring and support expenses	(2,028		)	(2,028		)	(5,729		)	(5,729		)
Loss on extinguishment of debt	(232		)	(232		)	—			—
Other income/(loss)	95			95			(29		)	(29		)
Loss from continuing operations before income taxes	(2,377		)	(2,370		)	(6,130		)	(6,131		)
Income tax benefit/(provision)	1,995			1,995			(327		)	(327		)
Loss from continuing operations, net of income taxes	(382		)	(375		)	(6,457		)	(6,458		)
Discontinued operations, net of income taxes	—			—			3,380			3,380
Net loss	(382		)	(375		)	(3,077		)	(3,078		)
Net loss attributable to noncontrolling interests	7			7			29			29
Net loss attributable to Caesars	$	(375	)	$	(368	)	$	(3,048	)	$	(3,049	)

Accounting Policies

Casino Revenues

Non-Gaming Revenues

Other Revenue

Reimbursed Management Costs

Reimbursable management costs are presented on a gross basis as revenue and expense, thus resulting in no net impact on operating income.

Caesars Rewards Loyalty Program

recognized related to the redemption of Reward Credits. We periodically reassess our customer behaviors and revise our expectations as deemed necessary on a prospective basis.

Complimentaries

Receivables and Contract Liabilities

Receivables

	As of December 31,
(In millions)	2018		2017		2016
Casino	$	188	$	173	$	75
Food and beverage and rooms	62		59		46
Entertainment and other	77		79		26
Contract receivables, net	327		311		147
Other	130		183		20
Receivables, net	$	457	$	494	$	167

Allowance for Doubtful Accounts

(In millions)	Contracts			Other			Total
Balance as of January 1, 2016	$	35		$	13		$	48
Provision for doubtful accounts	11			—			11
Write-offs less recoveries	(25		)	7			(18		)
Balance as of December 31, 2016	21			20			41
Provision for doubtful accounts	9			(1		)	8
Write-offs less recoveries	14			(32		)	(18		)
OpCo consolidation ⁽¹⁾	—			20			20
Balance as of December 31, 2017	44			7			51
Provision for doubtful accounts	17			4			21
Write-offs less recoveries	(18		)	(7		)	(25		)
Balance as of December 31, 2018	$	43		$	4		$	47

____________________


⁽¹⁾	See Note 4 for further details relating to the acquisition of OpCo.

Contract Liabilities

(In millions)	Caesars Rewards			Customer Advances			Total
Balance as of January 1, 2017	$	—		$	63		$	63
Amount recognized from the beginning balance	—			(56		)	(56		)
Amount earned and recognized within the period	(19		)	34			15
OpCo consolidation ⁽¹⁾	81			28			109
Balance as of December 31, 2017 ⁽²⁾	62			69			131
Amount recognized during the period ⁽³⁾	(144		)	(440		)	(584		)
Amount accrued during the period	148			454			602
Balance as of December 31, 2018 ⁽⁴⁾	$	66		$	83		$	149

____________________


⁽¹⁾	See Note 4 for further details relating to the acquisition of OpCo.


⁽²⁾	$2 million included within Deferred credits and other liabilities as of December 31, 2017.


⁽³⁾	Includes $35 million for Caesars Rewards and $62 million for Customer Advances recognized from the December 31, 2017 Contract liability balances.


⁽⁴⁾	$5 million included within Deferred credits and other liabilities as of December 31, 2018.

Stock-Based Compensation (Notes)

12 Months Ended

Dec. 31, 2018

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Disclosure of Compensation Related Costs, Share-based Payments [Text Block]

Stock-Based Compensation

Caesars Entertainment Stock-Based Compensation Plans

Prior Performance Incentive Plans

2017 Performance Incentive Plan

Caesars Entertainment Stock Option Activity

	Shares		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (years)	Aggregate Intrinsic Value (in millions)
Outstanding as of December 31, 2017	9,227,890		$	10.36	3.9	$	35
Exercised	(746,332	)	7.58
Forfeited	(46,519	)	8.64
Expired	(74,674	)	9.97
Outstanding as of December 31, 2018	8,360,365		10.63		2.8	—
Vested and expected to vest as of December 31, 2018	8,360,365		10.63		2.8	—
Exercisable as of December 31, 2018	7,338,503		9.12		2.7	—

Caesars Entertainment Stock Option Exercises

	Years Ended December 31,
(Dollars in millions)	2018		2017		2016
Option Exercises:
Number of options exercised	746,332		1,249,640		11,101
Cash received for options exercised⁽¹⁾	$	6	$	8	$	—
Aggregate intrinsic value of options exercised⁽¹⁾	$	3	$	7	$	—

____________________


⁽¹⁾	2016 amounts are immaterial.

Caesars Entertainment Restricted Stock Unit Activity



	Units		Weighted Average Fair Value ⁽¹⁾
Outstanding as of December 31, 2017	17,274,659		$	11.22
Granted	4,177,558		10.93
Vested	(6,550,480	)	10.36
Forfeited	(1,446,645	)	11.59
Outstanding as of December 31, 2018	13,455,092		11.51

____________________


⁽¹⁾	Represents the weighted average grant date fair value of RSUs, which is the share price of our common stock on the grant date.

The fair value of RSUs vested during the years ended December 31, 2018, 2017, and 2016, was $72 million, $29 million, and $23 million, respectively.

Caesars Entertainment Performance Stock Unit Activity



	Units		Weighted Average Fair Value ⁽¹⁾
Outstanding as of December 31, 2017	—		$	—
Granted	1,569,801		10.78
Forfeited	(103,618	)	10.80
Outstanding as of December 31, 2018	1,466,183		6.79

____________________


⁽¹⁾	Grant date fair value, for which compensation expense of these awards is measured, has not been achieved. This represents the quoted market price of our common stock on the dates indicated.

Unrecognized Compensation Cost

CIE Stock-Based Compensation Plan

CIE Stock Option Grants and Exercises

(Dollars in millions, except per share data)	Year Ended December 31, 2016
Options Granted:
Number of options granted during period	377
Weighted average grant-date fair value per share ⁽¹⁾	$	5,404.93
Weighted average exercise price per share	$	19,166.18

Option Exercises:
Number of options exercised	909
Cash received for options exercised	$	2
Aggregate intrinsic value of options exercised	$	13

____________________


⁽¹⁾	Represents the weighted-average grant date fair value per option, using the Monte Carlo simulation option-pricing model for performance-based options, and the Black-Scholes option-pricing model for time-based options.

Assumptions Used to Estimate CIE Option Value

	Year Ended December 31, 2016
Expected range of volatility	40.5% - 44.6%
Expected dividend yield	—	%
Expected range of term (in years)	0.8 - 4.2
Risk-free interest rate range	0.5% - 1.2%

Composition of Stock-Based Compensation Expense (All Plans)

	Years Ended December 31,
(In millions)	2018		2017		2016 ⁽¹⁾
Corporate expense	$	60	$	36	$	37
Property, general, administrative, and other	19		7		195
Total stock-based compensation expense	$	79	$	43	$	232

____________________

⁽¹⁾

Includes $189M related to CIE stock-based compensation expense for the year ended December 31, 2016.

Employee Benefit Plans (Notes)

12 Months Ended

Dec. 31, 2018

Employee Benefit Plans

Deferred Compensation and Employee Benefit Plans

Deferred Compensation

Deferred Compensation Plans

recorded in Deferred credits and other liabilities for these plans was $53 million and $63 million as of December 31, 2018 and 2017, respectively.

Trust Assets

Savings and Retirement Plan

Pension Commitments

Multi-employer Pension Plans


i.	Assets contributed to the multi-employer plan by one employer may be used to provide benefits to employees of other participating employers.


ii.	If a participating employer stops contributing to the plan, the unfunded obligations of the plan may be borne by the remaining participating employers.


iii.	If the Company chooses to stop participating in some of its multi-employer plans, the Company may be required to pay those plans an amount based on the underfunding of the plan, referred to as a “withdrawal liability.”

Multi-employer Pension Plan Participation

Pension Protection Act Zone Status ⁽¹⁾

Contributions

(In millions) ⁽²⁾

Pension Fund

EIN/Pension Plan Number

2018

2017

FIP/RP Status ⁽³⁾

2018

2017

2016

Surcharge Imposed

Expiration Date of Collective-Bargaining Agreement ⁽⁴⁾

Southern Nevada Culinary and Bartenders Pension Plan⁽⁵⁾

88-6016617/001

Green

May 31, 2023

Legacy Plan of the National Retirement Fund ⁽⁵⁾⁽⁶⁾

13-6130178/001

N/A

Red

N/A

—

N/A

Legacy Plan of the UNITE HERE Retirement Fund ⁽⁶⁾

82-0994119/001

Red

N/A

Yes

—

February 29, 2020

Central Pension Fund of the IUOE & Participating Employers ⁽⁷⁾

36-6052390/001

Green

March 31, 2021

Western Conference of Teamsters Pension Plan

91-6145047/001

Green

Various up to March 31, 2023

Local 68 Engineers Union Pension Plan^(5)(8)(9)

51-0176618/001

Yellow

—

April 30, 2020

NJ Carpenters Pension Fund

22-6174423/001

Yellow

Yes

—

April 30, 2020

Painters IUPAT

52-6073909/001

Yellow

Yes

Various up to June 30, 2021

Other Funds

Total Contributions

____________________

⁽¹⁾


⁽²⁾	Comparability to periods prior to the Effective Date are impacted by the consolidation of CEOC LLC in 2017.


⁽³⁾	Indicates plans for which a financial improvement plan (“FIP”) or a rehabilitation plan (“RP”) is either pending or has been implemented.


⁽⁴⁾	The terms of the current agreement continue indefinitely until either party provides appropriate notice of intent to terminate the contract.


⁽⁵⁾	Employer provided more than 5% of the total contributions for the plan years ended 2017 and 2016. As of the date the financial statements were issued, Forms 5500 were not available for the 2018 plan year.

⁽⁶⁾


⁽⁷⁾	Plan years begin February 1.


⁽⁸⁾	Plan years begin July 1.


⁽⁹⁾	The Plan has yet to provide an FIP. FIP status is not considered pending or implemented.

Income Taxes (Notes)

12 Months Ended

Dec. 31, 2018

Income Taxes

Components of Income/(Loss) Before Income Taxes from Continuing Operations

	Years Ended December 31,
(In millions)	2018			2017			2016
United States	$	205		$	(2,374	)	$	(6,129	)
Outside of the U.S.	(22		)	4			(2		)
	$	183		$	(2,370	)	$	(6,131	)

Income Tax Benefit/(Provision)

	Years Ended December 31,
(In millions)	2018			2017			2016
United States
Current
Federal	$	(9	)	$	148		$	(381	)
State	(1		)	(7		)	(3		)
Deferred
Federal	170			1,835			46
State	(39		)	23			10
Outside of the U.S.
Current	(9		)	(4		)	1
Deferred	9			—			—
	$	121		$	1,995		$	(327	)

Allocation of Income Tax Benefit/(Provision)

	Years Ended December 31,
(In millions)	2018		2017		2016
Income tax benefit/(provision) applicable to:
Income/(loss) from continuing operations	$	121	$	1,995	$	(327	)
Discontinued operations	—		—		(730		)
Other comprehensive income	3		—		—

Effective Income Tax Rate Reconciliation

	Years Ended December 31,
	2018		2017		2016
Statutory tax rate	21.0	%	35.0	%	35.0	%
Increases/(decreases) in tax resulting from:
State taxes, net of federal tax benefit	4.0		5.2		0.1
Valuation allowance	(70.4	)	(17.1	)	(22.9	)
Foreign income taxes	2.3		(0.1	)	—
Deferred tax benefit from changes in federal tax law	(44.7	)	52.1		—
Stock-based compensation	4.7		(0.2	)	(0.8	)
Acquisition of CEOC	—		36.7		—
Reserves for uncertain tax positions	4.4		(4.6	)	(0.1	)
Current tax benefit from change in CGP operating agreement	—		2.4		—
Impairment of goodwill	4.7		—		—
Nondeductible transaction costs	6.6		(25.0	)	(16.8	)
Other	1.3		(0.2	)	0.2
Effective tax rate	(66.1	)%	84.2	%	(5.3	)%

Temporary Differences Resulting in Deferred Tax Assets and Liabilities

	As of December 31,
(In millions)	2018		2017
Deferred tax assets:
State net operating losses	$	420	$	426
Federal net operating loss	485		553
Foreign net operating loss	16		17
Compensation programs	81		97
Allowance for doubtful accounts	41		50
Self-insurance reserves	10		10
Accrued expenses	45		43
Federal tax credits	70		58
Financing obligations	2,445		2,319
Golf course properties’ obligation	35		30
Investment in non-consolidated affiliates	5		—
Other debt-related items	—		78
Deferred revenue	42		46
Leases	66		36
Other	—		14
Subtotal	3,761		3,777
Less: valuation allowance	1,302		1,513
Total deferred tax assets	2,459		2,264
Deferred tax liabilities:
Depreciation and other property-related items	2,567		2,576
Other debt-related items	95		—
Intangibles	496		221
Prepaid expenses	20		24
Other	1		18
Total deferred tax liabilities	3,179		2,839
Net deferred tax liability	$	720	$	575

earnings be distributed in the future in the form of dividends or otherwise, we would be subject to withholding taxes payable to various jurisdictions which would not be significant.

Reconciliation of Unrecognized Tax Benefits

	Years Ended December 31,
(In millions)	2018			2017			2016
Balance as of beginning of year	$	162		$	115		$	3
Additions based on tax positions related to the current year	—			113			113
Additions for tax positions of prior years	13			1			—
Reductions for tax positions for prior years	(5		)	(92		)	(1		)
Acquisition of OpCo	—			67			—
Settlements	(1		)	—			—
Effect of changes in federal tax law	—			(42		)	—
Balance as of end of year	$	169		$	162		$	115

Discontinued Operations

12 Months Ended

Dec. 31, 2018

Acquisitions and Discontinued Operations

Discontinued Operations

Sale of SMG Business

Effect on Statements of Operations of Discontinued Operations

(In millions)	Year Ended December 31, 2016
Net revenues	$	678
Operating expenses ⁽¹⁾	748
Gain from discontinued operations	4,180
Pre-tax income from discontinued operations	4,110
Income from discontinued operations, net of income taxes	3,380

____________________

⁽¹⁾

Related Party Transactions (Notes)

12 Months Ended

Dec. 31, 2018

Related Party Transactions



	Years Ended December 31,
(In millions)	2018		2017		2016
Transactions with Sponsors and their affiliates
Reimbursements and expenses	$	—	$	34	$	6
Expenses paid to Sponsors’ portfolio companies	—		3		2
Transactions with Horseshoe Baltimore
Management fees	10		3		—
Reimbursements and allocated expenses	5		16		—
Transactions with CEOC
Shared services allocated expenses to CEOC	—		312		368
Shared services allocated expenses from CEOC	—		71		148
Management fees incurred	—		33		45
Octavius Tower lease revenue	—		26		35
Other expenses incurred	—		9		14

Transactions with Sponsors and their Affiliates

Transactions with Horseshoe Baltimore

Transactions with CEOC

CEOC Shared Services Agreement

Services Joint Venture

Management Fees

CGP paid a management fee to CEOC for the CGP properties that were managed by CEOC or CES.

Octavius Tower Lease Agreement

LINQ Access and Parking Easement Lease Agreement

Service Provider Fee

CEOC, CERP and CGP had a shared services agreement under which CERP and CGP paid for certain indirect corporate support costs. Amounts are included within Other expenses incurred in the table above.

Cross Marketing and Trademark License Agreement

Equity Incentive Awards

shares of CEC common stock, because CEOC was no longer a consolidated subsidiary of CEC, we accounted for these awards as nonemployee awards subsequent to the date of deconsolidation.

Employee Benefit Plans

Caesars Rewards Loyalty Program

Until the Effective Date, the total estimated cost for Caesars Rewards was accrued by CEOC; on the Effective Date, administration of Caesars Rewards is managed by CEC.

Due from/to Affiliates

As of December 31, 2018 and December 31, 2017, Due from affiliates, net was $6 million and $11 million, respectively, and represented transactions with Horseshoe Baltimore.

Segment Reporting (Notes)

12 Months Ended

Dec. 31, 2018

Segment Reporting Disclosure [Text Block]

Segment Reporting



Las Vegas	Other U.S.	All Other
Bally's Las Vegas	Bally's Atlantic City ⁽²⁾	Managed Properties ⁽²⁾	Other
Caesars Palace Las Vegas ⁽²⁾	Bluegrass Downs	Caesars Dubai	Caesars Interactive Entertainment
The Cromwell	Caesars Atlantic City ⁽²⁾	Caesars Windsor
Flamingo Las Vegas	Harrah's Atlantic City	Harrah's Ak-Chin
Harrah's Las Vegas	Harrah's Council Bluffs ⁽²⁾	Harrah's Cherokee
The LINQ Hotel & Casino	Harrah's Gulf Coast ⁽²⁾	Harrah's Cherokee Valley River
The LINQ Promenade	Harrah's Joliet ⁽²⁾	Harrah's Resort Southern California
Paris Las Vegas	Harrah's Lake Tahoe ⁽²⁾	Horseshoe Baltimore ⁽¹⁾
Planet Hollywood Resort & Casino	Harrah's Laughlin ⁽²⁾	Kings & Queens Casino
Rio All-Suites Hotel & Casino	Harrah's Louisiana Downs ⁽²⁾
	Harrah's Metropolis ⁽²⁾	International ⁽²⁾
	Harrah's New Orleans	Alea Glasgow
	Harrah's North Kansas City ⁽²⁾	Alea Nottingham
	Harrah's Philadelphia ⁽²⁾	Caesars Cairo
	Harrah's Reno ⁽²⁾	Emerald Casino Resort
	Harveys Lake Tahoe ⁽²⁾	The Empire Casino
	Hoosier Park	Manchester235
	Horseshoe Bossier City ⁽²⁾	Playboy Club London
	Horseshoe Council Bluffs ⁽²⁾	Ramses Casino
	Horseshoe Hammond ⁽²⁾	Rendezvous Brighton
	Horseshoe Southern Indiana ⁽²⁾	Rendezvous Southend-on-Sea
	Horseshoe Tunica ⁽²⁾	The Sportsman
	Indiana Grand
	Tunica Roadhouse ⁽²⁾

___________________


⁽¹⁾	As of December 31, 2018, Horseshoe Baltimore was 41% owned, and was deconsolidated and held as an equity-method investment effective August 31, 2017.


⁽²⁾	These properties were not consolidated with CEC prior to the Effective Date with the exception of Horseshoe Baltimore, which was consolidated in the Other U.S. region prior to deconsolidation.

“All Other” includes managed, international and other properties as well as parent and other adjustments to reconcile to consolidated Caesars results.

Condensed Statements of Operations - By Segment

	Year Ended December 31, 2018
(In millions)	Las Vegas			Other U.S.			All Other			Elimination			Caesars
Casino	$	1,104		$	2,889		$	254		$	—		$	4,247
Food and beverage	975			571			28			—			1,574
Rooms	1,117			399			3			—			1,519
Management fees	—			—			63			(3		)	60
Reimbursed management costs	—			2			200			—			202
Entertainment and other	411			175			45			(3		)	628
Total contract revenues	3,607			4,036			593			(6		)	8,230
Other	146			11			5			(1		)	161
Net revenues	$	3,753		$	4,047		$	598		$	(7	)	$	8,391

Depreciation and amortization	$	582		$	501		$	62		$	—		$	1,145
Income/(loss) from operations	716			434			(411		)	—			739
Interest expense	(327		)	(556		)	(463		)	—			(1,346		)
Loss on extinguishment of debt	—			—			(1		)	—			(1		)
Other income	3			2			786			—			791
Income tax benefit ⁽¹⁾	—			—			121			—			121



	Year Ended December 31, 2017
(In millions)	Las Vegas			Other U.S.			All Other			Elimination			Caesars
Casino	$	864		$	1,188		$	116		$	—		$	2,168
Food and beverage	700			274			8			—			982
Rooms	872			201			1			—			1,074
Management fees	—			—			15			(3		)	12
Reimbursed management costs	1			1			46			—			48
Entertainment and other	300			84			24			(3		)	405
Total contract revenues	2,737			1,748			210			(6		)	4,689
Other	165			10			5			(1		)	179
Net revenues	$	2,902		$	1,758		$	215		$	(7	)	$	4,868

Depreciation and amortization	$	420		$	186		$	20		$	—		$	626
Income/(loss) from operations	549			199			(211		)	—			537
Interest expense	(65		)	(153		)	(555		)	—			(773		)
Gain on deconsolidation of subsidiary	—			31			—			—			31
Restructuring and support expenses	—			(177		)	(1,851		)	—			(2,028		)
Loss on extinguishment of debt	(4		)	(13		)	(215		)	—			(232		)
Other income	4			1			90			—			95
Income tax benefit ⁽¹⁾	—			2			1,993			—			1,995



	Year Ended December 31, 2016
(In millions)	Las Vegas			Other U.S.			All Other			Elimination		Caesars
Casino	$	765		$	802		$	41		$	—	$	1,608
Food and beverage	630			190			2			—		822
Rooms	800			150			—			—		950
Entertainment and other	257			55			7			—		319
Total contract revenues	2,452			1,197			50			—		3,699
Other	161			12			5			—		178
Net revenues	$	2,613		$	1,209		$	55		$	—	$	3,877

Depreciation and amortization	$	344		$	90		$	5		$	—	$	439
Income/(loss) from operations	526			163			(463		)	—		226
Interest expense	(21		)	(30		)	(548		)	—		(599		)
Restructuring and support expenses	—			—			(5,729		)	—		(5,729		)
Other losses	—			—			(29		)	—		(29		)
Income tax benefit/(provision) ⁽¹⁾	1			—			(328		)	—		(327		)

____________________


⁽¹⁾	Taxes are recorded at the consolidated level and not estimated or recorded to our Las Vegas and Other U.S. segments.

Adjusted EBITDA - by Segment



	Year Ended December 31, 2018
(In millions)	Las Vegas			Other U.S.			All Other			Elimination		Caesars
Net income/(loss) attributable to Caesars	$	392		$	(122	)	$	33		$	—	$	303
Net income/(loss) attributable to noncontrolling interests	—			2			(1		)	—		1
Income tax benefit ⁽¹⁾	—			—			(121		)	—		(121		)
Loss on extinguishment of debt	—			—			1			—		1
Other income ⁽²⁾	(3		)	(2		)	(786		)	—		(791		)
Interest expense	327			556			463			—		1,346
Depreciation and amortization	582			501			62			—		1,145
Impairment of goodwill	—			17			26			—		43
Impairment of tangible and other intangible assets	—			26			9			—		35
Other operating costs ⁽³⁾	52			21			82			—		155
Stock-based compensation expense	8			10			61			—		79
Other items ⁽⁴⁾	4			5			103			—		112
Adjusted EBITDA	$	1,362		$	1,014		$	(68	)	$	—	$	2,308



	Year Ended December 31, 2017
(In millions)	Las Vegas			Other U.S.			All Other			Elimination		Caesars
Net income/(loss) attributable to Caesars	$	484		$	(103	)	$	(749	)	$	—	$	(368	)
Net loss attributable to noncontrolling interests	—			(7		)	—			—		(7		)
Income tax benefit ⁽¹⁾	—			(2		)	(1,993		)	—		(1,995		)
Gain on deconsolidation of subsidiary	—			(31		)	—			—		(31		)
Restructuring and support expenses	—			177			1,851			—		2,028
Loss on extinguishment of debt	4			13			215			—		232
Other income ⁽²⁾	(4		)	(1		)	(90		)	—		(95		)
Interest expense	65			153			555			—		773
Depreciation and amortization	420			186			20			—		626
Other operating costs ⁽³⁾	25			3			37			—		65
Stock-based compensation expense	4			3			36			—		43
Other items ⁽⁴⁾	9			7			74			—		90
Adjusted EBITDA	$	1,007		$	398		$	(44	)	$	—	$	1,361



	Year Ended December 31, 2016
(In millions)	Las Vegas			Other U.S.		All Other			Elimination		Caesars
Net income/(loss) attributable to Caesars	$	506		$	129	$	(3,684	)	$	—	$	(3,049	)
Net income/(loss) attributable to noncontrolling interests	—			4		(33		)	—		(29		)
Discontinued operations, net of income taxes	—			—		(3,380		)	—		(3,380		)
Income tax (benefit)/provision ⁽¹⁾	(1		)	—		328			—		327
Restructuring and support expenses	—			—		5,729			—		5,729
Other losses	—			—		29			—		29
Interest expense	21			30		548			—		599
Depreciation and amortization	344			90		5			—		439
Other operating costs ⁽³⁾	8			—		83			—		91
CIE stock-based compensation	—			—		189			—		189
Stock-based compensation expense	3			2		38			—		43
Other items ⁽⁴⁾	—			4		77			—		81
Adjusted EBITDA	$	881		$	259	$	(71	)	$	—	$	1,069

____________________


⁽¹⁾	Taxes are recorded at the consolidated level and not estimated or recorded to our Las Vegas and Other U.S. segments.


⁽²⁾	Amounts include changes in fair value of the derivative liability related to the conversion option of the CEC Convertible Notes and the disputed claims liability as well as interest and dividend income.

⁽³⁾

⁽⁴⁾

Condensed Balance Sheets - By Segment

	As of December 31, 2018
(In millions)	Las Vegas		Other U.S.		All Other		Elimination			Caesars
Total assets	$	13,987	$	8,565	$	6,046	$	(2,823	)	$	25,775
Total liabilities	5,730		5,143		11,267		297			22,437



	As of December 31, 2017
(In millions)	Las Vegas		Other U.S.		All Other		Elimination			Caesars
Total assets	$	14,145	$	6,865	$	7,458	$	(3,032	)	$	25,436
Total liabilities	5,239		5,012		11,780		108			22,139

Quarterly Results of Operations - Unaudited (Notes)

12 Months Ended

Dec. 31, 2018

Quarterly Financial Information Disclosure [Abstract]

Quarterly Results of Operations (Unaudited)



(In millions, except per share amounts)	First Quarter			Second Quarter			Third Quarter			Fourth Quarter		Total
2018
Net revenues	$	1,972		$	2,119		$	2,185		$	2,115	$	8,391
Income from operations	125			282			232			100		739
Net income/(loss)	(34		)	29			111			198		304
Net income/(loss) attributable to Caesars	(34		)	29			110			198		303
Basic earnings/(loss) per share	(0.05		)	0.04			0.16			0.29		0.44
Diluted earnings/(loss) per share	(0.05		)	0.04			0.14			0.25		0.41

2017
Net revenues	$	966		$	1,008		$	993		$	1,901	$	4,868
Income from operations	150			149			84			154		537
Net income/(loss)	(508		)	(1,432		)	(439		)	2,004		(375		)
Net income/(loss) attributable to Caesars	(507		)	(1,432		)	(433		)	2,004		(368		)
Basic earnings/(loss) per share	(3.44		)	(9.62		)	(2.90		)	3.01		(1.32		)
Diluted earnings/(loss) per share	(3.44		)	(9.62		)	(2.90		)	2.48		(1.32		)

Third Quarter of 2018: Centaur’s results are consolidated with CEC subsequent to the acquisition on July 16, 2018. See Note 4.

First Quarter of 2017 through the Fourth Quarter of 2017: Our accrual for restructuring commitments was updated quarterly. These obligations were settled on the Effective Date. See Note 1.

Schedule I (Notes) - Parent Company [Member]

12 Months Ended

Dec. 31, 2018

Condensed Financial Statements, Captions [Line Items]

Condensed Financial Information of Parent Company Only Disclosure [Text Block]

CONDENSED FINANCIAL INFORMATION OF REGISTRANT PARENT COMPANY ONLY

CAESARS ENTERTAINMENT CORPORATION

CONDENSED BALANCE SHEETS



	As of December 31,
(In millions)	2018		2017
Assets
Current assets
Cash and cash equivalents	$	457	$	926
Receivables, net	21		33
Prepayments and other current assets	5		5
Intercompany receivables	20		33
Total current assets	503		997
Deferred charges and other assets	128		147
Investment in subsidiary	4,199		4,434
Total assets	$	4,830	$	5,578

Liabilities and Stockholders’ Equity
Current liabilities
Accounts payable	$	1	$	5
Accrued expenses and other current liabilities	7		13
Interest payable	14		13
Intercompany payables	20		64
Total current liabilities	42		95
Long-term debt	1,119		1,121
Deferred credits and other liabilities	419		1,136
Total liabilities	1,580		2,352
Total stockholders’ equity	3,250		3,226
Total liabilities and stockholders’ equity	$	4,830	$	5,578

CONDENSED FINANCIAL INFORMATION OF REGISTRANT PARENT COMPANY ONLY

CAESARS ENTERTAINMENT CORPORATION

CONDENSED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME/(LOSS)



	Years Ended December 31,
(In millions)	2018			2017			2016
Net revenues	$	2		$	2		$	2
Operating expenses
Corporate expense	33			88			123
Other operating costs	10			24			58
Total operating expenses	43			112			181
Loss from operations	(41		)	(110		)	(179		)
Interest expense	(55		)	(18		)	(5		)
Gain/(loss) on interests in subsidiaries	(316		)	776			2,933
Restructuring and support expenses	—			(1,842		)	(5,729		)
Other income/(loss)	726			85			(30		)
Income/(loss) from operations before income taxes	314			(1,109		)	(3,010		)
Income tax benefit/(provision)	(11		)	741			(39		)
Net income/(loss)	303			(368		)	(3,049		)
Other comprehensive income/(loss), net of income taxes	(30		)	6			(2		)
Comprehensive income/(loss)	$	273		$	(362	)	$	(3,051	)

CONDENSED FINANCIAL INFORMATION OF REGISTRANT PARENT COMPANY ONLY

CAESARS ENTERTAINMENT CORPORATION

CONDENSED STATEMENTS OF CASH FLOWS



	Years Ended December 31,
(In millions)	2018			2017			2016
Cash flows provided by/(used in) operating activities	$	(138	)	$	1,504		$	(37	)
Cash flows from investing activities
Payments to acquire investments	—			(700		)	—
Cash flows used in investing activities	—			(700		)	—
Cash flows from financing activities
Repayments of long-term debt	(2		)	—			—
Taxes paid related to net share settlement of equity awards	(22		)	—			—
Proceeds from the issuance of common stock	6			—			—
Repurchase of common stock	(311		)	—			—
Other financing	(2		)	—			(8		)
Cash flows used in financing activities	(331		)	—			(8		)
Net increase/(decrease) in cash, cash equivalents, and restricted cash	(469		)	804			(45		)
Cash, cash equivalents, and restricted cash, beginning of period	926			122			167
Cash, cash equivalents, and restricted cash, end of period	$	457		$	926		$	122

Background and basis of presentation


2.	Restricted net assets of subsidiaries


3.	Commitments, contingencies, and long-term obligations

Business Description and Basis of Presentation [Text Block]

Restricted Assets Disclosure [Text Block]

Commitments Contingencies and Guarantees [Text Block]

Basis of Presentation & Consolidation Accounting Policies - (Policies)	12 Months Ended
	Dec. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Consolidation, Subsidiaries or Other Investments, Consolidated Entities, Policy [Policy Text Block]	Consolidation of Subsidiaries and Variable Interest Entities Our consolidated financial statements include the accounts of Caesars Entertainment and its subsidiaries after elimination of all intercompany accounts and transactions. We consolidate all subsidiaries in which we have a controlling financial interest and variable interest entities (“VIEs”) for which we or one of our consolidated subsidiaries is the primary beneficiary. Control generally equates to ownership percentage, whereby (i) affiliates that are more than 50% owned are consolidated; (ii) investments in affiliates of 50% or less but greater than 20% are generally accounted for using the equity method where we have determined that we have significant influence over the entities; and (iii) investments in affiliates of 20% or less are generally accounted for using the cost method. We consolidate a VIE when we have both the power to direct the activities that most significantly impact the results of the VIE and the right to receive benefits or the obligation to absorb losses of the entity that could be potentially significant to the VIE. Along with the VIEs that are consolidated in accordance with the above guidelines, we also hold variable interests in other VIEs that are not consolidated because we are not the primary beneficiary. We continually monitor both consolidated and unconsolidated VIEs to determine if any events have occurred that could cause the primary beneficiary to change. A change in determination could have a material impact on our financial statements.
Basis of Accounting, Policy	Basis of Presentation and Use of Estimates Our consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States (“GAAP”), which require the use of estimates and assumptions that affect the reported amounts of assets, liabilities, revenues, and expenses and the disclosure of contingent assets and liabilities. Management believes the accounting estimates are appropriate and reasonably determined. Actual amounts could differ from those estimates. Certain prior year amounts have been reclassified to conform to the current year’s presentation. For the year ended December 31, 2017, $12 million was reclassified from Other revenue to Management fees on our Statement of Operations.

Summary of Significant Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2018

Business Combinations Policy [Policy Text Block]

Basis of Accounting, Policy

Basis of Presentation and Use of Estimates

Consolidation, Policy [Policy Text Block]

Consolidation of Subsidiaries and Variable Interest Entities

Our consolidated financial statements include the accounts of Caesars Entertainment and its subsidiaries after elimination of all intercompany accounts and transactions.

Cash and Cash Equivalents

Restricted Cash

Revenue Recognition

Revenue Recognition, Revenue Reductions

Advertising

AdvertisingThe Company expenses the production costs of advertising the first time the advertising takes place.

Property, Plant and Equipment, Policy [Policy Text Block]

Useful Lives

Land improvements			12	years
Buildings	5	to	40	years
Building and leasehold improvements	3	to	30	years
Riverboats and barges			30	years
Furniture, fixtures, and equipment	2.5	to	12	years

Goodwill and Intangible Assets

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Current Portion of Long-Term Debt

Debt Discounts or Premiums and Deferred Finance Charges

Fair Value

Income Tax

Segment Reporting



Las Vegas	Other U.S.	All Other
Bally's Las Vegas	Bally's Atlantic City ⁽²⁾	Managed Properties ⁽²⁾	Other
Caesars Palace Las Vegas ⁽²⁾	Bluegrass Downs	Caesars Dubai	Caesars Interactive Entertainment
The Cromwell	Caesars Atlantic City ⁽²⁾	Caesars Windsor
Flamingo Las Vegas	Harrah's Atlantic City	Harrah's Ak-Chin
Harrah's Las Vegas	Harrah's Council Bluffs ⁽²⁾	Harrah's Cherokee
The LINQ Hotel & Casino	Harrah's Gulf Coast ⁽²⁾	Harrah's Cherokee Valley River
The LINQ Promenade	Harrah's Joliet ⁽²⁾	Harrah's Resort Southern California
Paris Las Vegas	Harrah's Lake Tahoe ⁽²⁾	Horseshoe Baltimore ⁽¹⁾
Planet Hollywood Resort & Casino	Harrah's Laughlin ⁽²⁾	Kings & Queens Casino
Rio All-Suites Hotel & Casino	Harrah's Louisiana Downs ⁽²⁾
	Harrah's Metropolis ⁽²⁾	International ⁽²⁾
	Harrah's New Orleans	Alea Glasgow
	Harrah's North Kansas City ⁽²⁾	Alea Nottingham
	Harrah's Philadelphia ⁽²⁾	Caesars Cairo
	Harrah's Reno ⁽²⁾	Emerald Casino Resort
	Harveys Lake Tahoe ⁽²⁾	The Empire Casino
	Hoosier Park	Manchester235
	Horseshoe Bossier City ⁽²⁾	Playboy Club London
	Horseshoe Council Bluffs ⁽²⁾	Ramses Casino
	Horseshoe Hammond ⁽²⁾	Rendezvous Brighton
	Horseshoe Southern Indiana ⁽²⁾	Rendezvous Southend-on-Sea
	Horseshoe Tunica ⁽²⁾	The Sportsman
	Indiana Grand
	Tunica Roadhouse ⁽²⁾

___________________


⁽¹⁾	As of December 31, 2018, Horseshoe Baltimore was 41% owned, and was deconsolidated and held as an equity-method investment effective August 31, 2017.

⁽²⁾

These properties were not consolidated with CEC prior to the Effective Date with the exception of Horseshoe Baltimore, which was consolidated in the Other U.S. region prior to deconsolidation.

Description of Business Description of Business (Tables)

12 Months Ended

Dec. 31, 2018

Schedule of Business Acquisitions by Acquisition, Consideration [Table Text Block]

Summary of CAC Merger and CEOC Emergence Transactions

(In millions)	CAC Merger		Restructuring Support Settlement		OpCo Acquisition		Total
Cash	$	—	$	2,787	$	700	$	3,487
CEC common stock (value)	2,894		3,435		1,774		8,103
CEC convertible notes (fair value)	—		2,172		—		2,172
Other consideration	—		177		—		177
Total consideration	$	2,894	$	8,571	$	2,474	$	13,939

CEC common stock (shares)	226		268		139		633

Summary of Significant Accounting Policies Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2018

Restrictions on Cash and Cash Equivalents [Table Text Block]

Reconciliation to Statements of Cash Flows

	As of December 31,
(In millions)	2018		2017
Cash and cash equivalents	$	1,491	$	2,558
Restricted cash, current	115		116
Restricted cash, non-current	51		35
Total cash, cash equivalents, and restricted cash	$	1,657	$	2,709

Property, Plant and Equipment, Estimated Useful Lives [Table Text Block]

Useful Lives

Land improvements			12	years
Buildings	5	to	40	years
Building and leasehold improvements	3	to	30	years
Riverboats and barges			30	years
Furniture, fixtures, and equipment	2.5	to	12	years

Property and Equipment (Tables)

12 Months Ended

Dec. 31, 2018

Property, Plant and Equipment, Estimated Useful Lives [Table Text Block]

Useful Lives

Land improvements			12	years
Buildings	5	to	40	years
Building and leasehold improvements	3	to	30	years
Riverboats and barges			30	years
Furniture, fixtures, and equipment	2.5	to	12	years

Property and Equipment, Net

Property and Equipment, Net

	As of December 31,
(In millions)	2018			2017 ⁽¹⁾
Land	$	4,871		$	4,857
Buildings, riverboats, and leasehold and land improvements	12,243			11,824
Furniture, fixtures, and equipment	1,563			1,277
Construction in progress	406			329
Total property and equipment	19,083			18,287
Less: accumulated depreciation	(3,038		)	(2,133		)
Total property and equipment, net	$	16,045		$	16,154

____________________

⁽¹⁾

We reclassified $73 million in land improvements to Buildings, riverboats and leasehold and land improvements to align with our 2018 reporting presentation.

Depreciation Expense and Other Amortization Expense

Depreciation Expense and Other Amortization Expense

	Years Ended December 31,
(In millions)	2018		2017		2016
Depreciation expense ⁽¹⁾	$	1,074	$	555	$	369
Other amortization expense	3		4		5

____________________

⁽¹⁾

Business Combination (Tables)

12 Months Ended

Dec. 31, 2018

Financing Receivables [Text Block]

Acquired Markers Accretable Yield

(In millions)	2018			2017
Balance as of January 1 and October 6, respectively	$	6		$	8
Accretion	(3		)	(2		)
Balance as of December 31	$	3		$	6



(In millions)
Cash paid	$	1,636
Deferred consideration ⁽¹⁾	66
Total purchase price	$	1,702



(In millions)	Fair Value			Weighted-Average Useful Life (years)
Assets acquired:
Cash and cash equivalents	$	39
Receivables, net	2
Other current assets	26
Property and equipment	297
Intangible assets other than goodwill
Trade names and trademarks	14			2.5
Gaming rights ⁽¹⁾	1,390
Customer relationships	41			15.0
Total assets	1,809

Liabilities assumed:
Current liabilities	(92		)
Deferred income taxes	(290		)
Total liabilities	(382		)
Net identifiable assets acquired	1,427
Goodwill	275
Total Centaur equity value	$	1,702



	(Unaudited)
	Years Ended December 31,
(In millions)	2018		2017
Net revenues	$	8,663	$	5,357
Net income/(loss) attributable to Caesars	166		(117		)



(In millions)
Cash	$	700
CEC common stock ⁽¹⁾	1,774
Total cash and stock consideration	2,474
Settlement of pre-existing relationships	252
Total OpCo equity value	$	2,726

____________________

⁽¹⁾

Approximately 139 million shares of CEC common stock issued at the Effective Date closing stock price of $12.80.



(In millions)	Fair Value			Weighted-Average Useful Life (years)
Assets acquired:
Cash and cash equivalents	$	1,239
Receivables, net	266
Other current assets	200
Property and equipment	8,943			35.0
Intangible assets other than goodwill
Trade names and trademarks ⁽¹⁾	664
Gaming rights ⁽¹⁾	207
Caesars Rewards ⁽¹⁾	253
Customer relationships	137			14.8
Other non-current assets	180
Total assets	12,089

Liabilities assumed:
Current liabilities	(765		)
Long-term debt	(1,607		)
Financing obligations	(8,310		)
Deferred income taxes	(568		)
Deferred credits and other liabilities	(361		)
Total liabilities	(11,611		)
Noncontrolling interest	41
Net identifiable assets acquired	519
Goodwill	2,207
Total OpCo equity value	$	2,726

____________________

⁽¹⁾

Indefinite-lived intangible assets.



	(Unaudited)
	Years Ended December 31,
(In millions, except per share data)	2017		2016
Net revenues	$	8,349	$	8,529
Net income/(loss) attributable to Caesars	6,401		(2,570		)

Goodwill and Intangible Assets Disclosure [Abstract]

Summary of Merger as of October 6, 2017

(In millions)	Total Value
Assets acquired	$	152
Liabilities assumed	(96		)
Acquisition of noncontrolling interest in CGP from CAC	1,751
Net book value	$	1,807

Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2018

Dec. 31, 2016

Changes in Carrying Value of Goodwill by Segment [Table Text Block]

Changes in Carrying Value of Goodwill by Segment

(In millions)	Las Vegas			Other U.S.			All Other			CEC Total
Gross Goodwill
Balance as of January 1, 2017	$	4,410		$	650		$	—		$	5,060
OpCo acquisition ⁽¹⁾	1,794			352			61			2,207
Balance as of December 31, 2017	6,204			1,002			61			7,267
Accumulated Impairment
Balance as of January 1, 2017 and December 31, 2017	(3,115		)	(337		)	—			(3,452		)
Net carrying value, as of December 31, 2017 ⁽²⁾	$	3,089		$	665		$	61		$	3,815

Gross Goodwill
Balance as of January 1, 2018	$	6,204		$	1,002		$	61		$	7,267
Centaur acquisition ⁽¹⁾	—			275			—			275
Other	—			—			(3		)	(3		)
Balance as of December 31, 2018	6,204			1,277			58			7,539
Accumulated Impairment
Balance as of January 1, 2018	(3,115		)	(337		)	—			(3,452		)
Impairment	—			(17		)	(26		)	(43		)
Balance as of December 31, 2018	(3,115		)	(354		)	(26		)	(3,495		)
Net carrying value, as of December 31, 2018 ⁽²⁾	$	3,089		$	923		$	32		$	4,044

____________________


⁽¹⁾	See Note 4 for further details relating to the acquisitions of OpCo and Centaur.

⁽²⁾

Changes in Carrying Value of Indefinite-Lived Intangible Assets Other Than Goodwill [Table Text Block]

Changes in Carrying Value of Intangible Assets Other than Goodwill

	Amortizing						Non-Amortizing						Total
(In millions)	2018			2017			2018			2017			2018			2017
Balance as of January 1	$	355		$	285		$	1,254		$	148		$	1,609		$	433
Impairments ⁽¹⁾	—			—			(21		)	—			(21		)	—
Amortization expense	(68		)	(67		)	—			—			(68		)	(67		)
Deconsolidation of Horseshoe Baltimore ⁽²⁾	—			—			—			(22		)	—			(22		)
OpCo acquisition ⁽³⁾	—			137			—			1,124			—			1,261
Centaur acquisition ⁽³⁾	55			—			1,390			—			1,445			—
Other additions ⁽⁴⁾	—			—			20			—			20			—
Other	—			—			(8		)	4			(8		)	4
Balance as of December 31	$	342		$	355		$	2,635		$	1,254		$	2,977		$	1,609

____________________


⁽¹⁾	$12 million recognized in our Other U.S. segment and $9 million recognized in our All Other segment.


⁽²⁾	See Note 2 or further details relating to the deconsolidation of Horseshoe Baltimore.


⁽³⁾	See Note 4 for further details relating to the acquisitions of OpCo and Centaur.


⁽⁴⁾	Other additions of $20 million are related to gaming rights.

Changes in Carrying Value of Finite-Lived Intangible Assets Other Than Goodwill

Changes in Carrying Value of Intangible Assets Other than Goodwill

	Amortizing						Non-Amortizing						Total
(In millions)	2018			2017			2018			2017			2018			2017
Balance as of January 1	$	355		$	285		$	1,254		$	148		$	1,609		$	433
Impairments ⁽¹⁾	—			—			(21		)	—			(21		)	—
Amortization expense	(68		)	(67		)	—			—			(68		)	(67		)
Deconsolidation of Horseshoe Baltimore ⁽²⁾	—			—			—			(22		)	—			(22		)
OpCo acquisition ⁽³⁾	—			137			—			1,124			—			1,261
Centaur acquisition ⁽³⁾	55			—			1,390			—			1,445			—
Other additions ⁽⁴⁾	—			—			20			—			20			—
Other	—			—			(8		)	4			(8		)	4
Balance as of December 31	$	342		$	355		$	2,635		$	1,254		$	2,977		$	1,609

____________________


⁽¹⁾	$12 million recognized in our Other U.S. segment and $9 million recognized in our All Other segment.


⁽²⁾	See Note 2 or further details relating to the deconsolidation of Horseshoe Baltimore.


⁽³⁾	See Note 4 for further details relating to the acquisitions of OpCo and Centaur.


⁽⁴⁾	Other additions of $20 million are related to gaming rights.

Gross Carrying Value and Accumulated Amortization of Finite-Lived Intangible Assets Other Than Goodwill [Table Text Block]

Gross Carrying Value and Accumulated Amortization of Intangible Assets Other than Goodwill

	December 31, 2018								December 31, 2017
(Dollars in millions)	Weighted Average Remaining Useful Life (in years)	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Amortizing intangible assets
Trade names and trademarks	2.3	$	14	$	(3	)	$	11	$	—	$	—		$	—
Customer relationships	4.5	1,071		(756		)	315		1,030		(693		)	337
Contract rights	6.0	3		(2		)	1		3		(2		)	1
Gaming rights and other	5.5	43		(28		)	15		43		(26		)	17
		$	1,131	$	(789	)	342		$	1,076	$	(721	)	355
Non-amortizing intangible assets
Trademarks							790							790
Gaming rights							1,592							211
Caesars Rewards							253							253
							2,635							1,254
Total intangible assets other than goodwill							$	2,977						$	1,609

Gross Carrying Value and Accumulated Amortization of Indefinite-Lived Intangible Assets Other Than Goodwill [Table Text Block]

Gross Carrying Value and Accumulated Amortization of Intangible Assets Other than Goodwill

	December 31, 2018								December 31, 2017
(Dollars in millions)	Weighted Average Remaining Useful Life (in years)	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Amortizing intangible assets
Trade names and trademarks	2.3	$	14	$	(3	)	$	11	$	—	$	—		$	—
Customer relationships	4.5	1,071		(756		)	315		1,030		(693		)	337
Contract rights	6.0	3		(2		)	1		3		(2		)	1
Gaming rights and other	5.5	43		(28		)	15		43		(26		)	17
		$	1,131	$	(789	)	342		$	1,076	$	(721	)	355
Non-amortizing intangible assets
Trademarks							790							790
Gaming rights							1,592							211
Caesars Rewards							253							253
							2,635							1,254
Total intangible assets other than goodwill							$	2,977						$	1,609

Estimated Five-Year Amortization [Table Text Block]

Estimated Five-Year Amortization

	Years Ended December 31,
(In millions)	2019		2020		2021		2022		2023
Estimated annual amortization expense	$	71	$	71	$	60	$	17	$	15

Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2018

Items Measured at Fair Value on a Recurring Basis



(In millions)	Balance		Level 1		Level 2		Level 3
December 31, 2018
Assets
Government bonds	$	15	$	—	$	15	$	—
Derivative instruments - interest rate swaps	6		—		6		—
Total assets at fair value	$	21	$	—	$	21	$	—
Liabilities
Derivative instruments - interest rate swaps	$	22	$	—	$	22	$	—
Derivative instruments - CEC Convertible Notes	324		—		324		—
Disputed claims liability	45		—		45		—
Total liabilities at fair value	$	391	$	—	$	391	$	—

December 31, 2017
Assets
Equity securities	$	8	$	8	$	—	$	—
Government bonds	25		—		25		—
Total assets at fair value	$	33	$	8	$	25	$	—
Liabilities
Derivative instruments - CEC Convertible Notes	$	1,016	$	—	$	—	$	1,016
Disputed claims liability	112		—		—		112
Total liabilities at fair value	$	1,128	$	—	$	—	$	1,128

Changes in Level 3 Fair Value Measurements

Changes in Level 3 Fair Value Measurements

(In millions)	CEC Convertible Notes ⁽¹⁾			VICI Call Right ⁽²⁾			Derivative Instruments ⁽¹⁾			Disputed Claims Liability
Balance as of January 1, 2017	$	1,600		$	131		$	—		$	—
Restructuring of CEOC and other	640			46			—			—
Settlement of Restructuring Support and Forbearance Agreement Accrual	(2,240		)	(177		)	1,080			112
Change in fair value recorded in Other income/(loss)	—			—			(64		)	—
Balance as of December 31, 2017	—			—			1,016			112
Change in fair value recorded in Other income/(loss)	—			—			(282		)	(10		)
Change due to resolved claims in Disputed claims liability	—			—			4			(29		)
Transfer to Level 2 on October 1, 2018 ⁽³⁾	—			—			(738		)	(73		)
Balance as of December 31, 2018	$	—		$	—		$	—		$	—

____________________


⁽¹⁾	The CEC Convertible Notes were remeasured at fair value and issued on the Effective Date with a debt component and a derivative liability component. See Note 12 for further details on the debt portion of the CEC Convertible Notes. The derivative portion of the CEC Convertible Notes is a recurring fair value measurement, see below.


⁽²⁾	The VICI Call Right was remeasured at fair value and then transferred to Accrued expenses and other current liabilities on the Balance Sheet upon settlement on the Effective Date because it is an option related to real estate and not a derivative. See Note 9.

⁽³⁾

Major Terms of Interest Rate Swap Agreements



Effective Date	Notional Amount (In millions)	Fixed Rate Paid	Variable Rate Received as of December 31, 2018	Maturity Date
12/31/2018	250	2.274%	2.522%	12/31/2022
12/31/2018	200	2.828%	2.522%	12/31/2022
12/31/2018	600	2.739%	2.522%	12/31/2022
1/1/2019	250	2.153%	N/A	12/31/2020
1/1/2019	250	2.196%	N/A	12/31/2021
1/1/2019	400	2.788%	N/A	12/31/2021
1/1/2019	200	2.828%	N/A	12/31/2022
1/2/2019	250	2.172%	N/A	12/31/2020
1/2/2019	200	2.731%	N/A	12/31/2020
1/2/2019	400	2.707%	N/A	12/31/2021

Detail of Accrued Expenses and Other Current Liabilities (Tables)

12 Months Ended

Dec. 31, 2018

Accrued Expenses and Other Current Liabilities



	As of December 31,
(In millions)	2018		2017
Payroll and other compensation	$	281	$	268
VICI Call Right	177		177
Self-insurance claims and reserves	173		192
Accrued taxes	157		137
Advance deposits	92		126
Disputed claims liability (See Note 11)	45		112
Chip and token liability	37		38
Other accruals	255		276
Total accrued expenses and other current liabilities	$	1,217	$	1,326

Leases (Tables)

12 Months Ended

Dec. 31, 2018

Future Minimum Rental Commitments

Future Minimum Lease Commitments

(In millions)	Operating Leases		Financing Obligation
2019	$	82	$	753
2020	70		809
2021	57		822
2022	53		836
2023	51		855
Thereafter	966		34,333
Total minimum rental commitments	$	1,279	$	38,408

Litigation, Contractual Commitments and Contingent Liabilities Litigation, Contractual Commitments, and Contingencies (Tables)

12 Months Ended

Dec. 31, 2018

Commitments and Contingencies Disclosure [Abstract]

Disposal Groups, Including Discontinued Operations [Table Text Block]



		As of December 31,
(In millions)	Accrual Obligation End Date	2018		2017
Future obligations under land lease agreements ⁽¹⁾	December 2092	$	43	$	43
Iowa greyhound pari-mutuel racing fund	December 2021	33		40
Permanent closure of international properties ⁽²⁾	January 2032	10		18
Unbundling of electric service provided by NV Energy	February 2024	58		38
Total		$	144	$	139

____________________


⁽¹⁾	Associated with the abandonment of a construction project near the Mississippi Gulf Coast.

⁽²⁾

Properties include Alea Leeds, Golden Nugget and Southend.

Effect on Statements of Operations of Discontinued Operations

(In millions)	Year Ended December 31, 2016
Net revenues	$	678
Operating expenses ⁽¹⁾	748
Gain from discontinued operations	4,180
Pre-tax income from discontinued operations	4,110
Income from discontinued operations, net of income taxes	3,380

____________________

⁽¹⁾

Debt (Tables)

12 Months Ended

Dec. 31, 2018

Annual Estimated Debt Service Requirements

Summary of Debt



	December 31, 2018								December 31, 2017
(Dollars in millions)	Final Maturity	Rate(s) ⁽¹⁾	Face Value			Book Value			Book Value
Secured debt
CRC Revolving Credit Facility	2022	variable ⁽²⁾	$	100		$	100		$	—
CRC Term Loan	2024	variable ⁽³⁾	4,653			4,577			4,616
CEOC LLC Revolving Credit Facility	2022	variable ⁽⁴⁾	—			—			—
CEOC LLC Term Loan	2024	variable ⁽⁵⁾	1,485			1,483			1,499
Unsecured debt
CEC Convertible Notes	2024	5.00%	1,083			1,083			1,078
CRC Notes	2025	5.25%	1,700			1,668			1,664
Special Improvement District Bonds	2037	4.30%	54			54			56
Total debt			9,075			8,965			8,913
Current portion of long-term debt			(164		)	(164		)	(64		)
Long-term debt			$	8,911		$	8,801		$	8,849

Unamortized premiums, discounts and deferred finance charges						$	110		$	121
Fair value			$	8,527

____________________


⁽¹⁾	Interest rate is fixed, except where noted.

⁽²⁾


⁽³⁾	LIBOR plus 2.75%.


⁽⁴⁾	LIBOR plus 2.00%.

⁽⁵⁾

LIBOR plus 2.00%. On April 16, 2018, the interest rate was repriced from the previous LIBOR plus 2.50%, see below.

Annual Estimated Debt Service Requirements

	Years Ended December 31,
(In millions)	2019		2020		2021		2022		2023		Thereafter		Total
Annual maturities of long-term debt	$	164	$	64	$	64	$	64	$	64	$	8,655	$	9,075
Estimated interest payments	480		470		470		460		450		540		2,870
Total debt service obligation ⁽¹⁾	$	644	$	534	$	534	$	524	$	514	$	9,195	$	11,945

____________________

⁽¹⁾

Summary of Debt and Revolving Credit Facility Cash Flows from Financing Activities

Summary of Debt and Revolving Credit Facility Cash Flows from Financing Activities in 2018

(In millions)	Proceeds		Repayments			Loss on Extinguishment of Debt
CRC Revolving Credit Facility	$	700	$	(600	)	$	—
CRC Term Loan	—		(47		)	—
CEOC LLC Term Loan ⁽¹⁾	467		(482		)	(1		)
Other debt activity	—		(1		)	—
Total	$	1,167	$	(1,130	)	$	(1	)

____________________

⁽¹⁾

Includes amounts related to Amendment No. 1 to the CEOC LLC Credit Agreement discussed above.

Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2018

Basic and Dilutive Net Earnings Per Share Reconciliation

Basic and Dilutive Net Earnings Per Share Reconciliation

	Years Ended December 31,
(In millions, except per share data)	2018		2017			2016
Income/(loss) from continuing operations attributable to Caesars, net of income taxes	$	303	$	(368	)	$	(6,429	)
Income from discontinued operations attributable to Caesars, net of income taxes	—		—			3,380
Net income/(loss) attributable to Caesars	303		(368		)	(3,049		)
Dilutive effect of CEC Convertible Notes, net of tax	42		—			—
Adjusted net income/(loss) attributable to Caesars	$	345	$	(368	)	$	(3,049	)

Weighted-average common shares outstanding - basic	686		279			146
Dilutive potential common shares: Stock-based compensation awards	4		—			—
Dilutive potential common shares: CEC Convertible Notes	151		—			—
Weighted-average common shares outstanding - diluted	841		279			146

Basic earnings/(loss) per share from continuing operations	$	0.44	$	(1.32	)	$	(43.96	)
Basic earnings per share from discontinued operations	—		—			23.11
Basic earnings/(loss) per share	$	0.44	$	(1.32	)	$	(20.85	)

Diluted earnings/(loss) per share from continuing operations	$	0.41	$	(1.32	)	$	(43.96	)
Diluted earnings per share from discontinued operations	—		—			23.11
Diluted earnings/(loss) per share	$	0.41	$	(1.32	)	$	(20.85	)

Weighted-Average Number of Anti-Dilutive Shares Excluded from Calculation of EPS

Weighted-Average Number of Anti-Dilutive Shares Excluded from Calculation of EPS

	Years Ended December 31,
(In millions)	2018	2017	2016
Stock-based compensation awards	11	21	19
CEC Convertible Notes	—	36	—
Total anti-dilutive common stock	11	57	19

Revenue Recognition Revenue Recognition - (Tables)

12 Months Ended

Dec. 31, 2018

Effect of Adoption of Accounting Standard

Effect of Adopting New Revenue Recognition Standard - Balance Sheets

(In millions)	Previously Reported			ASC Adjustments			As Recast
December 31, 2017
Receivables, net	$	496		$	(2	)	$	494
Property and equipment, net⁽¹⁾	16,228			(74		)	16,154
Accrued expenses and other current liabilities ⁽²⁾	1,459			(133		)	1,326
Contract liabilities⁽²⁾	—			129			129
Financing obligations⁽¹⁾	9,429			(74		)	9,355
Deferred credits and other liabilities	1,473			1			1,474
Stockholders’ equity	3,296			1			3,297
December 31, 2016
Stockholders’ deficit	(1,609		)	2			(1,607		)
December 31, 2015
Stockholders’ equity	2,039			3			2,042

____________________

⁽¹⁾


⁽²⁾	Adjustments are primarily related to the reclassification of assets and liabilities in accordance with the new accounting and disclosure requirements.

Effect of Adopting New Revenue Recognition Standard - Statements of Operations

	Year Ended December 31, 2017						Year Ended December 31, 2016
(In millions)	Prior to Adoption			Post Adoption			Prior to Adoption			Post Adoption
Revenues
Casino	$	2,865		$	2,168		$	2,177		$	1,608
Food and beverage	938			982			788			822
Rooms	1,054			1,074			923			950
Other revenue	626			584			527			497
Management fees	—			12			—			—
Reimbursed management costs	48			48			—			—
Casino promotional allowances	(679		)	—			(538		)	—
Net revenues	4,852			4,868			3,877			3,877
Operating expenses
Direct
Casino	1,521			1,213			1,128			890
Food and beverage	446			693			383			572
Rooms	276			360			249			318
Property, general, administrative, and other	1,133			1,124			1,166			1,147
Reimbursable management costs	48			48			—			—
Depreciation and amortization	628			626			439			439
Corporate expense	204			202			194			194
Other operating costs	64			65			91			91
Total operating expenses	4,320			4,331			3,650			3,651
Income from operations	532			537			227			226
Interest expense	(774		)	(773		)	(599		)	(599		)
Gain on deconsolidation of subsidiaries	30			31			—			—
Restructuring and support expenses	(2,028		)	(2,028		)	(5,729		)	(5,729		)
Loss on extinguishment of debt	(232		)	(232		)	—			—
Other income/(loss)	95			95			(29		)	(29		)
Loss from continuing operations before income taxes	(2,377		)	(2,370		)	(6,130		)	(6,131		)
Income tax benefit/(provision)	1,995			1,995			(327		)	(327		)
Loss from continuing operations, net of income taxes	(382		)	(375		)	(6,457		)	(6,458		)
Discontinued operations, net of income taxes	—			—			3,380			3,380
Net loss	(382		)	(375		)	(3,077		)	(3,078		)
Net loss attributable to noncontrolling interests	7			7			29			29
Net loss attributable to Caesars	$	(375	)	$	(368	)	$	(3,048	)	$	(3,049	)

Receivables [Table Text Block]

Receivables

	As of December 31,
(In millions)	2018		2017		2016
Casino	$	188	$	173	$	75
Food and beverage and rooms	62		59		46
Entertainment and other	77		79		26
Contract receivables, net	327		311		147
Other	130		183		20
Receivables, net	$	457	$	494	$	167

Allowance for Doubtful Accounts

Allowance for Doubtful Accounts

(In millions)	Contracts			Other			Total
Balance as of January 1, 2016	$	35		$	13		$	48
Provision for doubtful accounts	11			—			11
Write-offs less recoveries	(25		)	7			(18		)
Balance as of December 31, 2016	21			20			41
Provision for doubtful accounts	9			(1		)	8
Write-offs less recoveries	14			(32		)	(18		)
OpCo consolidation ⁽¹⁾	—			20			20
Balance as of December 31, 2017	44			7			51
Provision for doubtful accounts	17			4			21
Write-offs less recoveries	(18		)	(7		)	(25		)
Balance as of December 31, 2018	$	43		$	4		$	47

Contract Liabilities

Contract Liabilities

(In millions)	Caesars Rewards			Customer Advances			Total
Balance as of January 1, 2017	$	—		$	63		$	63
Amount recognized from the beginning balance	—			(56		)	(56		)
Amount earned and recognized within the period	(19		)	34			15
OpCo consolidation ⁽¹⁾	81			28			109
Balance as of December 31, 2017 ⁽²⁾	62			69			131
Amount recognized during the period ⁽³⁾	(144		)	(440		)	(584		)
Amount accrued during the period	148			454			602
Balance as of December 31, 2018 ⁽⁴⁾	$	66		$	83		$	149

____________________


⁽¹⁾	See Note 4 for further details relating to the acquisition of OpCo.


⁽²⁾	$2 million included within Deferred credits and other liabilities as of December 31, 2017.


⁽³⁾	Includes $35 million for Caesars Rewards and $62 million for Customer Advances recognized from the December 31, 2017 Contract liability balances.

⁽⁴⁾

$5 million included within Deferred credits and other liabilities as of December 31, 2018.

Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2018

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Composition of Stock-Based Compensation

Composition of Stock-Based Compensation Expense (All Plans)

	Years Ended December 31,
(In millions)	2018		2017		2016 ⁽¹⁾
Corporate expense	$	60	$	36	$	37
Property, general, administrative, and other	19		7		195
Total stock-based compensation expense	$	79	$	43	$	232

____________________

⁽¹⁾

Includes $189M related to CIE stock-based compensation expense for the year ended December 31, 2016.

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Assumptions Used to Estimate Option Value

____________________


⁽¹⁾	Represents the weighted-average grant date fair value per option, using the Monte Carlo simulation option-pricing model for performance-based options, and the Black-Scholes option-pricing model for time-based options.

Assumptions Used to Estimate CIE Option Value

	Year Ended December 31, 2016
Expected range of volatility	40.5% - 44.6%
Expected dividend yield	—	%
Expected range of term (in years)	0.8 - 4.2
Risk-free interest rate range	0.5% - 1.2%

Assumptions Used to Estimate CIE Option Value

	Year Ended December 31, 2016
Expected range of volatility	40.5% - 44.6%
Expected dividend yield	—	%
Expected range of term (in years)	0.8 - 4.2
Risk-free interest rate range	0.5% - 1.2%

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Stock Option Activity

Caesars Entertainment Stock Option Activity

	Shares		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (years)	Aggregate Intrinsic Value (in millions)
Outstanding as of December 31, 2017	9,227,890		$	10.36	3.9	$	35
Exercised	(746,332	)	7.58
Forfeited	(46,519	)	8.64
Expired	(74,674	)	9.97
Outstanding as of December 31, 2018	8,360,365		10.63		2.8	—
Vested and expected to vest as of December 31, 2018	8,360,365		10.63		2.8	—
Exercisable as of December 31, 2018	7,338,503		9.12		2.7	—

Restricted Stock Activity



	Units		Weighted Average Fair Value ⁽¹⁾
Outstanding as of December 31, 2017	17,274,659		$	11.22
Granted	4,177,558		10.93
Vested	(6,550,480	)	10.36
Forfeited	(1,446,645	)	11.59
Outstanding as of December 31, 2018	13,455,092		11.51

____________________

⁽¹⁾

Represents the weighted average grant date fair value of RSUs, which is the share price of our common stock on the grant date.

Performance Shares Activity

Caesars Entertainment Stock Option Exercises

	Years Ended December 31,
(Dollars in millions)	2018		2017		2016
Option Exercises:
Number of options exercised	746,332		1,249,640		11,101
Cash received for options exercised⁽¹⁾	$	6	$	8	$	—
Aggregate intrinsic value of options exercised⁽¹⁾	$	3	$	7	$	—

____________________

⁽¹⁾

2016 amounts are immaterial.



	Units		Weighted Average Fair Value ⁽¹⁾
Outstanding as of December 31, 2017	—		$	—
Granted	1,569,801		10.78
Forfeited	(103,618	)	10.80
Outstanding as of December 31, 2018	1,466,183		6.79

____________________

⁽¹⁾

Grant date fair value, for which compensation expense of these awards is measured, has not been achieved. This represents the quoted market price of our common stock on the dates indicated.

Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2018

Pension Plan Participation and Contribution Summary

Multi-employer Pension Plan Participation

Pension Protection Act Zone Status ⁽¹⁾

Contributions

(In millions) ⁽²⁾

Pension Fund

EIN/Pension Plan Number

2018

2017

FIP/RP Status ⁽³⁾

2018

2017

2016

Surcharge Imposed

Expiration Date of Collective-Bargaining Agreement ⁽⁴⁾

Southern Nevada Culinary and Bartenders Pension Plan⁽⁵⁾

88-6016617/001

Green

May 31, 2023

Legacy Plan of the National Retirement Fund ⁽⁵⁾⁽⁶⁾

13-6130178/001

N/A

Red

N/A

—

N/A

Legacy Plan of the UNITE HERE Retirement Fund ⁽⁶⁾

82-0994119/001

Red

N/A

Yes

—

February 29, 2020

Central Pension Fund of the IUOE & Participating Employers ⁽⁷⁾

36-6052390/001

Green

March 31, 2021

Western Conference of Teamsters Pension Plan

91-6145047/001

Green

Various up to March 31, 2023

Local 68 Engineers Union Pension Plan^(5)(8)(9)

51-0176618/001

Yellow

—

April 30, 2020

NJ Carpenters Pension Fund

22-6174423/001

Yellow

Yes

—

April 30, 2020

Painters IUPAT

52-6073909/001

Yellow

Yes

Various up to June 30, 2021

Other Funds

Total Contributions

____________________

⁽¹⁾


⁽²⁾	Comparability to periods prior to the Effective Date are impacted by the consolidation of CEOC LLC in 2017.


⁽³⁾	Indicates plans for which a financial improvement plan (“FIP”) or a rehabilitation plan (“RP”) is either pending or has been implemented.


⁽⁴⁾	The terms of the current agreement continue indefinitely until either party provides appropriate notice of intent to terminate the contract.


⁽⁵⁾	Employer provided more than 5% of the total contributions for the plan years ended 2017 and 2016. As of the date the financial statements were issued, Forms 5500 were not available for the 2018 plan year.

⁽⁶⁾


⁽⁷⁾	Plan years begin February 1.


⁽⁸⁾	Plan years begin July 1.


⁽⁹⁾	The Plan has yet to provide an FIP. FIP status is not considered pending or implemented.

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2018

Components of (Loss)/Income Before Income Taxes from Continuing Operations

Components of Income/(Loss) Before Income Taxes from Continuing Operations

	Years Ended December 31,
(In millions)	2018			2017			2016
United States	$	205		$	(2,374	)	$	(6,129	)
Outside of the U.S.	(22		)	4			(2		)
	$	183		$	(2,370	)	$	(6,131	)

Income Tax Benefit/(Provision)

Income Tax Benefit/(Provision)

	Years Ended December 31,
(In millions)	2018			2017			2016
United States
Current
Federal	$	(9	)	$	148		$	(381	)
State	(1		)	(7		)	(3		)
Deferred
Federal	170			1,835			46
State	(39		)	23			10
Outside of the U.S.
Current	(9		)	(4		)	1
Deferred	9			—			—
	$	121		$	1,995		$	(327	)

Allocation of Income Tax Benefit/(Provision)

Allocation of Income Tax Benefit/(Provision)

	Years Ended December 31,
(In millions)	2018		2017		2016
Income tax benefit/(provision) applicable to:
Income/(loss) from continuing operations	$	121	$	1,995	$	(327	)
Discontinued operations	—		—		(730		)
Other comprehensive income	3		—		—

Effective Income Tax Rate Reconciliation

Effective Income Tax Rate Reconciliation

	Years Ended December 31,
	2018		2017		2016
Statutory tax rate	21.0	%	35.0	%	35.0	%
Increases/(decreases) in tax resulting from:
State taxes, net of federal tax benefit	4.0		5.2		0.1
Valuation allowance	(70.4	)	(17.1	)	(22.9	)
Foreign income taxes	2.3		(0.1	)	—
Deferred tax benefit from changes in federal tax law	(44.7	)	52.1		—
Stock-based compensation	4.7		(0.2	)	(0.8	)
Acquisition of CEOC	—		36.7		—
Reserves for uncertain tax positions	4.4		(4.6	)	(0.1	)
Current tax benefit from change in CGP operating agreement	—		2.4		—
Impairment of goodwill	4.7		—		—
Nondeductible transaction costs	6.6		(25.0	)	(16.8	)
Other	1.3		(0.2	)	0.2
Effective tax rate	(66.1	)%	84.2	%	(5.3	)%

Temporary Differences Resulting in Deferred Tax Assets and Liabilities

Temporary Differences Resulting in Deferred Tax Assets and Liabilities

	As of December 31,
(In millions)	2018		2017
Deferred tax assets:
State net operating losses	$	420	$	426
Federal net operating loss	485		553
Foreign net operating loss	16		17
Compensation programs	81		97
Allowance for doubtful accounts	41		50
Self-insurance reserves	10		10
Accrued expenses	45		43
Federal tax credits	70		58
Financing obligations	2,445		2,319
Golf course properties’ obligation	35		30
Investment in non-consolidated affiliates	5		—
Other debt-related items	—		78
Deferred revenue	42		46
Leases	66		36
Other	—		14
Subtotal	3,761		3,777
Less: valuation allowance	1,302		1,513
Total deferred tax assets	2,459		2,264
Deferred tax liabilities:
Depreciation and other property-related items	2,567		2,576
Other debt-related items	95		—
Intangibles	496		221
Prepaid expenses	20		24
Other	1		18
Total deferred tax liabilities	3,179		2,839
Net deferred tax liability	$	720	$	575

Reconciliation of Unrecognized Tax Benefits

Reconciliation of Unrecognized Tax Benefits

	Years Ended December 31,
(In millions)	2018			2017			2016
Balance as of beginning of year	$	162		$	115		$	3
Additions based on tax positions related to the current year	—			113			113
Additions for tax positions of prior years	13			1			—
Reductions for tax positions for prior years	(5		)	(92		)	(1		)
Acquisition of OpCo	—			67			—
Settlements	(1		)	—			—
Effect of changes in federal tax law	—			(42		)	—
Balance as of end of year	$	169		$	162		$	115

Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2018

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Effect on Statements of Operations of Discontinued Operations



		As of December 31,
(In millions)	Accrual Obligation End Date	2018		2017
Future obligations under land lease agreements ⁽¹⁾	December 2092	$	43	$	43
Iowa greyhound pari-mutuel racing fund	December 2021	33		40
Permanent closure of international properties ⁽²⁾	January 2032	10		18
Unbundling of electric service provided by NV Energy	February 2024	58		38
Total		$	144	$	139

____________________


⁽¹⁾	Associated with the abandonment of a construction project near the Mississippi Gulf Coast.

⁽²⁾

Properties include Alea Leeds, Golden Nugget and Southend.

Effect on Statements of Operations of Discontinued Operations

(In millions)	Year Ended December 31, 2016
Net revenues	$	678
Operating expenses ⁽¹⁾	748
Gain from discontinued operations	4,180
Pre-tax income from discontinued operations	4,110
Income from discontinued operations, net of income taxes	3,380

____________________

⁽¹⁾

Related Party Transactions Related Party Transactions (Tables)

12 Months Ended

Dec. 31, 2018



	Years Ended December 31,
(In millions)	2018		2017		2016
Transactions with Sponsors and their affiliates
Reimbursements and expenses	$	—	$	34	$	6
Expenses paid to Sponsors’ portfolio companies	—		3		2
Transactions with Horseshoe Baltimore
Management fees	10		3		—
Reimbursements and allocated expenses	5		16		—
Transactions with CEOC
Shared services allocated expenses to CEOC	—		312		368
Shared services allocated expenses from CEOC	—		71		148
Management fees incurred	—		33		45
Octavius Tower lease revenue	—		26		35
Other expenses incurred	—		9		14

Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2018

Condensed Statements of Operations - by Segment

Condensed Statements of Operations - By Segment

	Year Ended December 31, 2018
(In millions)	Las Vegas			Other U.S.			All Other			Elimination			Caesars
Casino	$	1,104		$	2,889		$	254		$	—		$	4,247
Food and beverage	975			571			28			—			1,574
Rooms	1,117			399			3			—			1,519
Management fees	—			—			63			(3		)	60
Reimbursed management costs	—			2			200			—			202
Entertainment and other	411			175			45			(3		)	628
Total contract revenues	3,607			4,036			593			(6		)	8,230
Other	146			11			5			(1		)	161
Net revenues	$	3,753		$	4,047		$	598		$	(7	)	$	8,391

Depreciation and amortization	$	582		$	501		$	62		$	—		$	1,145
Income/(loss) from operations	716			434			(411		)	—			739
Interest expense	(327		)	(556		)	(463		)	—			(1,346		)
Loss on extinguishment of debt	—			—			(1		)	—			(1		)
Other income	3			2			786			—			791
Income tax benefit ⁽¹⁾	—			—			121			—			121



	Year Ended December 31, 2017
(In millions)	Las Vegas			Other U.S.			All Other			Elimination			Caesars
Casino	$	864		$	1,188		$	116		$	—		$	2,168
Food and beverage	700			274			8			—			982
Rooms	872			201			1			—			1,074
Management fees	—			—			15			(3		)	12
Reimbursed management costs	1			1			46			—			48
Entertainment and other	300			84			24			(3		)	405
Total contract revenues	2,737			1,748			210			(6		)	4,689
Other	165			10			5			(1		)	179
Net revenues	$	2,902		$	1,758		$	215		$	(7	)	$	4,868

Depreciation and amortization	$	420		$	186		$	20		$	—		$	626
Income/(loss) from operations	549			199			(211		)	—			537
Interest expense	(65		)	(153		)	(555		)	—			(773		)
Gain on deconsolidation of subsidiary	—			31			—			—			31
Restructuring and support expenses	—			(177		)	(1,851		)	—			(2,028		)
Loss on extinguishment of debt	(4		)	(13		)	(215		)	—			(232		)
Other income	4			1			90			—			95
Income tax benefit ⁽¹⁾	—			2			1,993			—			1,995



	Year Ended December 31, 2016
(In millions)	Las Vegas			Other U.S.			All Other			Elimination		Caesars
Casino	$	765		$	802		$	41		$	—	$	1,608
Food and beverage	630			190			2			—		822
Rooms	800			150			—			—		950
Entertainment and other	257			55			7			—		319
Total contract revenues	2,452			1,197			50			—		3,699
Other	161			12			5			—		178
Net revenues	$	2,613		$	1,209		$	55		$	—	$	3,877

Depreciation and amortization	$	344		$	90		$	5		$	—	$	439
Income/(loss) from operations	526			163			(463		)	—		226
Interest expense	(21		)	(30		)	(548		)	—		(599		)
Restructuring and support expenses	—			—			(5,729		)	—		(5,729		)
Other losses	—			—			(29		)	—		(29		)
Income tax benefit/(provision) ⁽¹⁾	1			—			(328		)	—		(327		)

____________________

⁽¹⁾

Taxes are recorded at the consolidated level and not estimated or recorded to our Las Vegas and Other U.S. segments.

Condensed Balance Sheets - By Segment



	Year Ended December 31, 2018
(In millions)	Las Vegas			Other U.S.			All Other			Elimination		Caesars
Net income/(loss) attributable to Caesars	$	392		$	(122	)	$	33		$	—	$	303
Net income/(loss) attributable to noncontrolling interests	—			2			(1		)	—		1
Income tax benefit ⁽¹⁾	—			—			(121		)	—		(121		)
Loss on extinguishment of debt	—			—			1			—		1
Other income ⁽²⁾	(3		)	(2		)	(786		)	—		(791		)
Interest expense	327			556			463			—		1,346
Depreciation and amortization	582			501			62			—		1,145
Impairment of goodwill	—			17			26			—		43
Impairment of tangible and other intangible assets	—			26			9			—		35
Other operating costs ⁽³⁾	52			21			82			—		155
Stock-based compensation expense	8			10			61			—		79
Other items ⁽⁴⁾	4			5			103			—		112
Adjusted EBITDA	$	1,362		$	1,014		$	(68	)	$	—	$	2,308



	Year Ended December 31, 2017
(In millions)	Las Vegas			Other U.S.			All Other			Elimination		Caesars
Net income/(loss) attributable to Caesars	$	484		$	(103	)	$	(749	)	$	—	$	(368	)
Net loss attributable to noncontrolling interests	—			(7		)	—			—		(7		)
Income tax benefit ⁽¹⁾	—			(2		)	(1,993		)	—		(1,995		)
Gain on deconsolidation of subsidiary	—			(31		)	—			—		(31		)
Restructuring and support expenses	—			177			1,851			—		2,028
Loss on extinguishment of debt	4			13			215			—		232
Other income ⁽²⁾	(4		)	(1		)	(90		)	—		(95		)
Interest expense	65			153			555			—		773
Depreciation and amortization	420			186			20			—		626
Other operating costs ⁽³⁾	25			3			37			—		65
Stock-based compensation expense	4			3			36			—		43
Other items ⁽⁴⁾	9			7			74			—		90
Adjusted EBITDA	$	1,007		$	398		$	(44	)	$	—	$	1,361



	Year Ended December 31, 2016
(In millions)	Las Vegas			Other U.S.		All Other			Elimination		Caesars
Net income/(loss) attributable to Caesars	$	506		$	129	$	(3,684	)	$	—	$	(3,049	)
Net income/(loss) attributable to noncontrolling interests	—			4		(33		)	—		(29		)
Discontinued operations, net of income taxes	—			—		(3,380		)	—		(3,380		)
Income tax (benefit)/provision ⁽¹⁾	(1		)	—		328			—		327
Restructuring and support expenses	—			—		5,729			—		5,729
Other losses	—			—		29			—		29
Interest expense	21			30		548			—		599
Depreciation and amortization	344			90		5			—		439
Other operating costs ⁽³⁾	8			—		83			—		91
CIE stock-based compensation	—			—		189			—		189
Stock-based compensation expense	3			2		38			—		43
Other items ⁽⁴⁾	—			4		77			—		81
Adjusted EBITDA	$	881		$	259	$	(71	)	$	—	$	1,069

____________________


⁽¹⁾	Taxes are recorded at the consolidated level and not estimated or recorded to our Las Vegas and Other U.S. segments.


⁽²⁾	Amounts include changes in fair value of the derivative liability related to the conversion option of the CEC Convertible Notes and the disputed claims liability as well as interest and dividend income.

⁽³⁾

⁽⁴⁾

Condensed Balance Sheets - By Segment

	As of December 31, 2018
(In millions)	Las Vegas		Other U.S.		All Other		Elimination			Caesars
Total assets	$	13,987	$	8,565	$	6,046	$	(2,823	)	$	25,775
Total liabilities	5,730		5,143		11,267		297			22,437



	As of December 31, 2017
(In millions)	Las Vegas		Other U.S.		All Other		Elimination			Caesars
Total assets	$	14,145	$	6,865	$	7,458	$	(3,032	)	$	25,436
Total liabilities	5,239		5,012		11,780		108			22,139

Quarterly Results of Operations - Unaudited (Tables)

12 Months Ended

Dec. 31, 2018

Quarterly Financial Information Disclosure [Abstract]

Quarterly Results of Operations



(In millions, except per share amounts)	First Quarter			Second Quarter			Third Quarter			Fourth Quarter		Total
2018
Net revenues	$	1,972		$	2,119		$	2,185		$	2,115	$	8,391
Income from operations	125			282			232			100		739
Net income/(loss)	(34		)	29			111			198		304
Net income/(loss) attributable to Caesars	(34		)	29			110			198		303
Basic earnings/(loss) per share	(0.05		)	0.04			0.16			0.29		0.44
Diluted earnings/(loss) per share	(0.05		)	0.04			0.14			0.25		0.41

2017
Net revenues	$	966		$	1,008		$	993		$	1,901	$	4,868
Income from operations	150			149			84			154		537
Net income/(loss)	(508		)	(1,432		)	(439		)	2,004		(375		)
Net income/(loss) attributable to Caesars	(507		)	(1,432		)	(433		)	2,004		(368		)
Basic earnings/(loss) per share	(3.44		)	(9.62		)	(2.90		)	3.01		(1.32		)
Diluted earnings/(loss) per share	(3.44		)	(9.62		)	(2.90		)	2.48		(1.32		)

Description of Business Description of Business - Schedule of Business Acquisition (Details) - USD ($)
shares in Millions, $ in Millions

12 Months Ended

Oct. 06, 2017

Dec. 31, 2018

Dec. 31, 2017

Dec. 31, 2016

Stock Issued During Period for Merger and Emergence

$ 3,487

8,103

Other Significant Noncash Transaction, Value of Consideration Given

2,172

$ 0

$ 2,349

$ 0

177

$ 13,939

633

Stock Issued During Period for Merger and Emergence

$ 700

^[1]

1,774

Other Significant Noncash Transaction, Value of Consideration Given

$ 2,474

139

Stock Issued During Period for Merger and Emergence

$ 0

2,894

Other Significant Noncash Transaction, Value of Consideration Given

$ 2,894

Caesars Entertainment Operating Company [Member]

226

Stock Issued During Period for Merger and Emergence

$ 2,787

3,435

Other Significant Noncash Transaction, Value of Consideration Given

2,172

177

$ 8,571

268

[1]	(1) Approximately 139 million shares of CEC common stock issued at the Effective Date closing stock price of $12.80.

Description of Business - Additional Information (Details) $ in Millions				12 Months Ended
	Dec. 26, 2018 USD ($)	Jul. 11, 2018 USD ($)	Oct. 06, 2017 USD ($)	Dec. 31, 2018 USD ($) Casinos	Dec. 31, 2017 USD ($)	Dec. 31, 2016 USD ($)
Variable Interest Entity [Line Items]
Number Of Casinos Operated Or Managed \| Casinos				53
Restructuring and support expenses				$ 0	$ 2,028	$ 5,729
Long-term Debt				$ 8,965	8,913
Total Restructuring and Acquisition Consideration			$ 13,939
UNITED STATES
Variable Interest Entity [Line Items]
Number Of Casinos Operated Or Managed \| Casinos				50
Geographic Concentration Risk [Member] \| UNITED STATES
Variable Interest Entity [Line Items]
Number Of Casinos Operated Or Managed \| Casinos				14
Geographic Concentration Risk [Member] \| International [Member]
Variable Interest Entity [Line Items]
Number Of Casinos Operated Or Managed \| Casinos				5
Las Vegas, NV [Member] \| Geographic Concentration Risk [Member] \| UNITED STATES
Variable Interest Entity [Line Items]
Number Of Casinos Operated Or Managed \| Casinos				9
Sales Revenue, Net [Member] \| Las Vegas, NV [Member] \| Geographic Concentration Risk [Member] \| UNITED STATES
Variable Interest Entity [Line Items]
Concentration Risk, Percentage				45.00%
Caesars Entertainment Operating Company [Member]
Variable Interest Entity [Line Items]
Total Restructuring and Acquisition Consideration			$ 8,571
Harrah's Philadelphia [Member]
Variable Interest Entity [Line Items]
Sale Leaseback Transaction, Net Book Value	$ 242
Lease Modification Consideration	$ 159
Octavius Tower [Member]
Variable Interest Entity [Line Items]
Proceeds from Sale of Real Estate		$ 508
Convertible Debt [Member] \| Unsecured Debt [Member]
Variable Interest Entity [Line Items]
Long-term Debt				$ 1,083	$ 1,078

Basis of Presentation & Consolidation - Additional Information (Details) $ in Millions	3 Months Ended								8 Months Ended	12 Months Ended
	Dec. 31, 2018 USD ($)	Sep. 30, 2018 USD ($)	Jun. 30, 2018 USD ($)	Mar. 31, 2018 USD ($)	Dec. 31, 2017 USD ($)	Sep. 30, 2017 USD ($)	Jun. 30, 2017 USD ($)	Mar. 31, 2017 USD ($)	Aug. 31, 2017 USD ($)	Dec. 31, 2018 USD ($) reportable_segment	Dec. 31, 2017 USD ($)	Dec. 31, 2016 USD ($)
Variable Interest Entity [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	$ 2,115	$ 2,185	$ 2,119	$ 1,972	$ 1,901	$ 993	$ 1,008	$ 966		$ 8,391	$ 4,868	$ 3,877
Number of Reportable Segments \| reportable_segment										3
Net income/(loss) attributable to Caesars	198	$ 110	$ 29	$ (34)	2,004	$ (433)	$ (1,432)	$ (507)		$ 303	(368)	(3,049)
Total assets	25,775				25,436					25,775	25,436
Total liabilities	22,437				22,139					22,437	22,139
Long-term Debt	$ 8,965				8,913					8,965	8,913
Gain on deconsolidation of subsidiaries										0	31	0
Horseshoe Casino Baltimore [Member]
Variable Interest Entity [Line Items]
Net revenues									$ 190
Net income/(loss) attributable to Caesars									(7)
CBIC, LLC [Member]
Variable Interest Entity [Line Items]
Equity Method Investments, Fair Value Disclosure					$ 28						28
Gain on deconsolidation of subsidiaries											31
Horseshoe Casino Baltimore [Member] \| Variable Interest Entity, Primary Beneficiary [Member]
Variable Interest Entity [Line Items]
Total assets									350
Total liabilities									356
Long-term Debt									$ 294
Product and Service, Other [Member]
Variable Interest Entity [Line Items]
Revenue from Contract with Customer, Including Assessed Tax										789	584	497
Net revenues										$ 161	$ 179	$ 178

Summary of Significant Accounting Policies Reconciliation of Cash (Details) - USD ($) $ in Millions	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Accounting Policies [Abstract]
Cash and cash equivalents	$ 1,491	$ 2,558
Restricted cash, current	115	116
Restricted cash, non-current	51	35
Total cash, cash equivalents, and restricted cash	$ 1,657	$ 2,709	$ 4,658	$ 1,414

Summary of Significant Accounting Policies Summary of Significant Accounting Policies - Useful Lives (Details)	12 Months Ended
	Dec. 31, 2018
Land Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	12 years
Riverboats and Barges [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	30 years
Minimum [Member] \| Building [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	5 years
Minimum [Member] \| Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	3 years
Minimum [Member] \| Furniture, fixtures, and equipment
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	2 years 6 months
Maximum [Member] \| Building [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	40 years
Maximum [Member] \| Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	30 years
Maximum [Member] \| Furniture, fixtures, and equipment
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	12 years

Summary of Significant Accounting Policies - Additional Information (Detail) - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2018

Dec. 31, 2017

Dec. 31, 2016

Interest Costs Capitalized

$ 1,491

$ 2,558

$ 2

Advertising Expense

155

^[1]

^[2]

Variable Interest Entity, Primary Beneficiary [Member]

457

494

$ 167

Adjustments for New Accounting Pronouncement [Member]

$ 14

Discontinued Operations, Disposed of by Means Other than Sale [Member]

(2)

$ 19

[1]

[2]

Recently Issued Accounting Pronouncements Recently Issued Accounting Pronouncements - Additional Information (Details)	12 Months Ended
	Dec. 31, 2018
ASU 2016-02 Leases (Topic 842) [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
New Accounting Pronouncement or Change in Accounting Principle, Description	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;text-decoration:underline;">Leases - February 2016 (amended through December 2018)</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">:</font><font style="font-family:inherit;font-size:10pt;"> The amended guidance is intended to increase transparency and comparability among organizations by requiring additional disclosures to reflect the significance of an entity’s leasing arrangements. The new standard establishes a right-of-use (“ROU”) model that requires a lessee to recognize an ROU asset and lease liability on the balance sheet for all leases with a term longer than 12 months. Many long-term operating leases, including agreements relating to real estate, will be recorded on the balance sheet as an ROU asset with a corresponding lease liability, which will be amortized using the effective interest rate method as payments are made. Certain leases embedded in other arrangements, such as service and supplier contracts, may be accounted for separately by allocating payments between lease and non-lease components.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The new standard provides a number of optional practical expedients in transition. We currently expect to elect the package of practical expedients, which permits us to carryforward our prior conclusions about lease identification, lease classification and initial direct costs. Additionally, we currently expect to adopt the practical expedient that allows comparative periods to be reported under current lease accounting guidance consistent with previously issued financial statements. We also do not currently expect to record leases on the balance sheet that at the commencement date have a lease term of twelve months or less. </font></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">While we continue to assess all of the effects of adoption, we currently believe the most significant effects relate to the recognition of new ROU assets and lease liabilities on our Balance Sheet for our real estate operating leases and providing significant new disclosures about our leasing activities. These operating leases will be recognized on a straight-line basis in rent expense. Additionally, we continue to evaluate the impact of the adoption on our existing failed sale-leaseback transactions. The Company expects the accounting for lease agreements where the Company is a lessor to be accounted for in the same manner as those agreements are accounted for under current accounting guidance.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">This guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. We will adopt the new standard on January 1, 2019 and have elected to apply the guidance as of the adoption date. Consequently, financial information will not be updated, and the disclosures required under the new standard will not be provided for dates and periods before January 1, 2019.</font></div></div>

Property and Equipment Property, Plant and Equipment, Estimated Useful Lives (Details)	12 Months Ended
	Dec. 31, 2018
Land Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	12 years
Building [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	5 years
Building [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	40 years
Leasehold Improvements [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	3 years
Leasehold Improvements [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	30 years
Riverboats and Barges [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	30 years
Furniture, fixtures, and equipment \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	2 years 6 months
Furniture, fixtures, and equipment \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	12 years

Property and Equipment (Details) - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2018

Dec. 31, 2017

^[1]

Less: accumulated depreciation

$ 19,083

$ 18,287

(3,038)

(2,133)

Total property and equipment, net

^[2]

16,045

16,154

Prior Period Reclassification Adjustment

Land

Buildings, riverboats, and leasehold and land improvements

4,871

4,857

Furniture, fixtures, and equipment

12,243

11,824

1,563

1,277

Construction in progress

$ 406

$ 329

[1]

(1) We reclassified $73 million in land improvements to Buildings, riverboats and leasehold and land improvements to align with our 2018 reporting presentation.

[2]

Property and Equipment - Depreciation Expense and Other Amortization Expense (Details) - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2018

Dec. 31, 2017

Dec. 31, 2016

Property, Plant and Equipment [Member]

$ 83

$ 80

$ 55

Other amortization expense

^[1]

1,074

555

369

$ 3

$ 4

$ 5

[1]

Property and Equipment Property and Equipment Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Property, Plant and Equipment [Abstract]
Interest Costs Capitalized	$ 8	$ 6	$ 2
Tangible Asset Impairment Charges	$ 14

Business Combination - Composition of Consideration (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions

12 Months Ended

Jul. 16, 2021

Jul. 16, 2020

Jul. 16, 2018

Oct. 06, 2017

Dec. 31, 2018

Dec. 31, 2017

Dec. 31, 2016

Business Acquisition, Contingent Consideration [Line Items]

$ 66

$ 0

Stock Issued During Period for Merger and Emergence

$ 3,487

8,103

Business Combination, Settlement of pre-existing relationship

252

Business Acquisition, Equity Interest Issued or Issuable, Value Assigned

$ 2,726

633

Business Acquisition, Contingent Consideration [Line Items]

$ 1,636

^[1]

$ 1,702

Business Acquisition, Contingent Consideration [Line Items]

$ 2,474

Stock Issued During Period for Merger and Emergence

700

^[2]

$ 1,774

Shares Issued, Price Per Share

$ 12.80

Scenario, Forecast [Member] | Centaur Holdings, LLC [Member]

139

Business Acquisition, Contingent Consideration [Line Items]

Business Combination Deferred Consideration Face Value

$ 50

$ 25

[1]	(1) Deferred consideration is payable in an installment of $25 million on the second anniversary of the Centaur Closing Date and $50 million on the third anniversary of the Centaur Closing Date with prepayments and right of setoff permitted, subject to the terms and conditions of the Unit Purchase Agreement. $66 million represents the present value of future expected cash flows.
[2]	(1) Approximately 139 million shares of CEC common stock issued at the Effective Date closing stock price of $12.80.

Business Combination - Purchase Price Allocation (Details) - USD ($)
$ in Millions

12 Months Ended

Jul. 16, 2018

Oct. 06, 2017

Dec. 31, 2018

Dec. 31, 2017

14 years 9 months 18 days

Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net

^[1]

$ 4,044

$ 3,815

$ 2,726

Acquired PPE, Weighted Average Useful Life

35 years

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents

$ 39

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Receivables

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Prepaid Expense and Other Assets

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment

297

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill

^[2]

1,445

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets

1,809

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities

(92)

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities Noncurrent

(290)

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities

(382)

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net

1,427

^[3]

275

1,702

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets

$ 152

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities

(96)

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net

1,807

Business Combination, Acquisition of Less than 100 Percent, Noncontrolling Interest, Fair Value

1,751

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents

1,239

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Receivables

266

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment

8,943

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill

^[2]

$ 0

1,261

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets

12,089

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities

(765)

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities

(11,611)

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net

519

^[3]

2,207

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Other

2,474

200

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets

180

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-term Debt

(1,607)

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Liabilities

(8,310)

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities

(568)

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other

(361)

Business Combination, Acquisition of Less than 100 Percent, Noncontrolling Interest, Fair Value

Gaming rights | Centaur Holdings, LLC [Member]

2,207

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill

^[4]

1,390

Gaming rights | OpCo [Member]

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill

^[5]

207

Customer relationships | Centaur Holdings, LLC [Member]

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill

$ 41

Trade names and trademarks | Centaur Holdings, LLC [Member]

15 years

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill

$ 14

Trade names and trademarks | OpCo [Member]

2 years 6 months

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill

^[5]

664

Caesars Rewards | OpCo [Member]

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill

^[5]

253

Customer relationships

Customer relationships | OpCo [Member]

4 years 6 months

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill

$ 137

Other U.S. [Member] | Centaur Holdings, LLC [Member]

^[1]

$ 923

665

Other U.S. [Member] | OpCo [Member]

^[3]

$ 275

^[3]

$ 352

[1]	(2) $405 million of goodwill is associated with a reporting unit with zero or negative carrying value. As the reporting unit has a positive fair value, there was no impairment associated with this reporting unit.
[2]	(3) See Note 4 for further details relating to the acquisitions of OpCo and Centaur.
[3]	(1) See Note 4 for further details relating to the acquisitions of OpCo and Centaur.
[4]	(1) Indefinite-lived intangible assets.
[5]	Indefinite-lived intangible assets.

Business Combination - Pro Forma Information (Details) - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2018

Dec. 31, 2017

Dec. 31, 2016

Jul. 16, 2018

Oct. 06, 2017

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment

$ 8,943

Business Acquisition, Pro Forma Information [Table Text Block]



	(Unaudited)
	Years Ended December 31,
(In millions, except per share data)	2017		2016
Net revenues	$	8,349	$	8,529
Net income/(loss) attributable to Caesars	6,401		(2,570		)

$ 8,349

$ 8,529

6,401

$ (2,570)

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment

$ 297

Business Acquisition, Pro Forma Information [Table Text Block]



	(Unaudited)
	Years Ended December 31,
(In millions)	2018		2017
Net revenues	$	8,663	$	5,357
Net income/(loss) attributable to Caesars	166		(117		)

$ 8,663

5,357

$ 166

$ (117)

Business Combination - Summary of Merger (Details) $ in Millions	Oct. 06, 2017 USD ($)
OpCo [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets	$ 12,089
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities	(11,611)
Business Combination, Acquisition of Less than 100 Percent, Noncontrolling Interest, Fair Value	41
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net	519
Caesars Acquisition Company [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets	152
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities	(96)
Business Combination, Acquisition of Less than 100 Percent, Noncontrolling Interest, Fair Value	1,751
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net	$ 1,807

Business Combination - Additional Details (Details)
shares in Millions, $ in Millions

3 Months Ended

6 Months Ended

12 Months Ended

Jul. 16, 2018

USD ($)

Oct. 06, 2017

USD ($)

Dec. 31, 2017

USD ($)

Dec. 31, 2018

USD ($)

Dec. 31, 2018

USD ($)

reportable_segment

Dec. 31, 2017

USD ($)

Dec. 31, 2016

USD ($)

$ 494

$ 457

$ 494

$ 167

Number of Reportable Segments | reportable_segment

^[1]

3,815

4,044

$ 4,044

3,815

Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders

$ (20)

(3)

(5)

Conversion of Stock, Exchange Ratio

1.625

633

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities

$ 2,207

568

Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual

1,000

Business Combination, Pro Forma Information, Earnings or Loss of Acquiree since Acquisition Date, Actual

$ 2,474

139

226

Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual

License Transfer Fee

226

Business Combination, Pro Forma Information, Earnings or Loss of Acquiree since Acquisition Date, Actual

$ 1,702

Business Combination, Acquisition Related Costs

$ 1,636

Pro Forma [Member] | Centaur Holdings, LLC [Member]

Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount

185

Noncontrolling Interest [Member]

Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders

$ (13)

(20)

(3)

$ (5)

Loans Receivable [Member]

$ 69

$ 25

$ 69

[1]	(2) $405 million of goodwill is associated with a reporting unit with zero or negative carrying value. As the reporting unit has a positive fair value, there was no impairment associated with this reporting unit.

Business Combination Business Combinations - Acquired Markers Accretiable Yield (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2018	Oct. 06, 2017	Dec. 31, 2016
Business Combinations [Abstract]
Business Combination, Acquired Receivable, Fair Value			$ 139
Receivables, net	$ 494	$ 457		$ 167
Certain Loans Acquired in Transfer, Accretable Yield	6	3	$ 8
Accretion Expense	$ (2)	$ (3)

Goodwill and Other Intangible Assets - Changes in Carrying Value of Goodwill by Segment (Details) - USD ($)
$ in Millions

12 Months Ended

Jul. 16, 2018

Dec. 31, 2018

Dec. 31, 2017

Dec. 31, 2016

Oct. 06, 2017

Reporting Unit, Zero or Negative Carrying Amount, Amount of Allocated Goodwill

$ 405

7,267

$ 5,060

(3)

7,539

7,267

$ 5,060

Goodwill, Impaired, Accumulated Impairment Loss, Beginning

(43)

(3,452)

(3,495)

(3,452)

^[1]

4,044

3,815

Las Vegas, NV [Member]

6,204

4,410

6,204

4,410

Goodwill, Impaired, Accumulated Impairment Loss, Beginning

(3,115)

(3,115)

^[1]

3,089

1,002

650

1,277

1,002

650

Goodwill, Impaired, Accumulated Impairment Loss, Beginning

(17)

(337)

(354)

(337)

^[1]

923

665

(3)

Goodwill, Impaired, Accumulated Impairment Loss, Beginning

(26)

(26)

$ 0

^[1]

^[2]

2,207

OpCo [Member] | Las Vegas, NV [Member]

$ 2,207

OpCo [Member] | Other U.S. [Member]

^[2]

1,794

OpCo [Member] | Corporate and Other [Member]

^[2]

352

^[2]

$ 61

Centaur Holdings, LLC [Member] | Las Vegas, NV [Member]

^[2]

275

Centaur Holdings, LLC [Member] | Other U.S. [Member]

^[2]

Centaur Holdings, LLC [Member] | Corporate and Other [Member]

^[2]

$ 275

^[2]

$ 0

[1]	(2) $405 million of goodwill is associated with a reporting unit with zero or negative carrying value. As the reporting unit has a positive fair value, there was no impairment associated with this reporting unit.
[2]	(1) See Note 4 for further details relating to the acquisitions of OpCo and Centaur.

Goodwill and Other Intangible Assets - Changes in Intangible Assets Other Than Goodwill (Details) - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2018

Dec. 31, 2017

Impairment of Intangible Assets, Finite-lived

^[1]

$ 0

Finite-Lived Intangible Assets, Other Charges

(68)

(67)

^[2]

Amortizing Intangible Assets, Other

^[3]

Amortizing Intangible Assets, Ending Balance

342

355

Other Non-Amortizing Intangible Assets, Beginning Balance

1,254

148

Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)

^[1]

(21)

Indefinite-lived Intangible Assets, Other Charges

^[2]

(22)

Indefinite-lived Intangible Assets, Period Increase (Decrease)

^[3]

(8)

Other Non-Amortizing Intangible Assets, Ending Balance

2,635

1,254

Intangible assets other than goodwill, Beginning Balance

1,609

433

Impairment of Intangible Assets (Excluding Goodwill)

^[1]

(21)

Intangible Assets Acquired

^[3]

Increase (Decrease) in Intangible Assets, Current

(8)

Intangible assets other than goodwill, Ending Balance

2,977

1,609

Amortizing Intangible Assets, Beginning Balance

355

285

^[4]

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill

^[4]

1,390

^[4]

1,445

^[4]

137

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill

^[4]

1,124

^[4]

$ 1,261

Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)

^[1]

Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)

^[1]

$ 9

[1]	(1) $12 million recognized in our Other U.S. segment and $9 million recognized in our All Other segment.
[2]	(2) See Note 2 or further details relating to the deconsolidation of Horseshoe Baltimore.
[3]	(4) Other additions of $20 million are related to gaming rights.
[4]	(3) See Note 4 for further details relating to the acquisitions of OpCo and Centaur.

Goodwill and Other Intangible Assets - Carrying Value and Accumulated Amortization for Each Major Class of Intangible Assets Other Than Goodwill (Details) - USD ($) $ in Millions		12 Months Ended
	Oct. 06, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Intangible Assets Excluding Goodwill [Line Items]
Weighted Average Remaining Useful Life (in years)	14 years 9 months 18 days
Gross Carrying Amount		$ 1,131	$ 1,076
Accumulated Amortization		(789)	(721)
Net Carrying Amount		342	355	$ 285
Carrying value and accumulated amortization for each major class of intangible assets other than goodwill
Non amortizing intangible assets		2,635	1,254	148
Total intangible assets other than goodwill		2,977	1,609	$ 433
Trademarks
Carrying value and accumulated amortization for each major class of intangible assets other than goodwill
Non amortizing intangible assets		790	790
Gaming rights
Carrying value and accumulated amortization for each major class of intangible assets other than goodwill
Non amortizing intangible assets		1,592	211
Caesars Rewards
Carrying value and accumulated amortization for each major class of intangible assets other than goodwill
Non amortizing intangible assets		$ 253	253
Trade names and trademarks
Intangible Assets Excluding Goodwill [Line Items]
Weighted Average Remaining Useful Life (in years)		2 years 3 months 18 days
Gross Carrying Amount		$ 14	0
Accumulated Amortization		(3)	0
Net Carrying Amount		$ 11	0
Customer relationships
Intangible Assets Excluding Goodwill [Line Items]
Weighted Average Remaining Useful Life (in years)		4 years 6 months
Gross Carrying Amount		$ 1,071	1,030
Accumulated Amortization		(756)	(693)
Net Carrying Amount		$ 315	337
Contract rights
Intangible Assets Excluding Goodwill [Line Items]
Weighted Average Remaining Useful Life (in years)		6 years
Gross Carrying Amount		$ 3	3
Accumulated Amortization		(2)	(2)
Net Carrying Amount		$ 1	1
Gaming rights
Intangible Assets Excluding Goodwill [Line Items]
Weighted Average Remaining Useful Life (in years)		5 years 6 months
Gross Carrying Amount		$ 43	43
Accumulated Amortization		(28)	(26)
Net Carrying Amount		$ 15	$ 17

Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets - Estimated Five-Year Amortization (Details) $ in Millions	Dec. 31, 2018 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months	$ 71
Finite-Lived Intangible Assets, Amortization Expense, Year Two	71
Finite-Lived Intangible Assets, Amortization Expense, Year Three	60
Finite-Lived Intangible Assets, Amortization Expense, Year Four	17
Finite-Lived Intangible Assets, Amortization Expense, Year Five	$ 15

Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets - Additional Information (Details) - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2018

Dec. 31, 2017

Dec. 31, 2016

Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)

$ 43

$ 0

^[1]

(21)

Continuing Operations [Member]

(68)

(67)

(68)

$ (67)

$ 65

Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)

^[1]

$ 12

[1]	(1) $12 million recognized in our Other U.S. segment and $9 million recognized in our All Other segment.

Fair Value Measurements - Items Measured at Fair Value on a Recurring Basis (Details) - USD ($)
$ in Millions

12 Months Ended

Oct. 01, 2018

Dec. 31, 2018

Dec. 31, 2017

Dec. 31, 2016

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Transfers out of Level 3

^[1],[2],[3]

$ 0

Liability [Member] | Fair Value, Inputs, Level 2 [Member]

$ 45

$ 112

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Transfers out of Level 3

^[1]

(73)

Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Assets [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Assets [Member] | Fair Value, Inputs, Level 1 [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Assets [Member] | Fair Value, Inputs, Level 2 [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Assets [Member] | Fair Value, Inputs, Level 3 [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Assets [Member] | Equity Securities [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Assets [Member] | Equity Securities [Member] | Fair Value, Inputs, Level 1 [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Assets [Member] | Equity Securities [Member] | Fair Value, Inputs, Level 2 [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Assets [Member] | Equity Securities [Member] | Fair Value, Inputs, Level 3 [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Assets [Member] | US Treasury and Government [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Assets [Member] | US Treasury and Government [Member] | Fair Value, Inputs, Level 1 [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Assets [Member] | US Treasury and Government [Member] | Fair Value, Inputs, Level 2 [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Assets [Member] | US Treasury and Government [Member] | Fair Value, Inputs, Level 3 [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Liability [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

391

1,128

Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Liability [Member] | Fair Value, Inputs, Level 1 [Member]

112

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Liability [Member] | Fair Value, Inputs, Level 2 [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

391

Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Liability [Member] | Fair Value, Inputs, Level 3 [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Settlements

(29)

112

1,128

Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value

112

^[2]

112

$ 0

CEC Convertible Notes | Liability [Member] | Fair Value, Inputs, Level 2 [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Transfers out of Level 3

^[1],[2]

$ (738)

CEC Convertible Notes | Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Liability [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

CEC Convertible Notes | Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Liability [Member] | Fair Value, Inputs, Level 1 [Member]

324

1,016

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

CEC Convertible Notes | Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Liability [Member] | Fair Value, Inputs, Level 2 [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

CEC Convertible Notes | Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Liability [Member] | Fair Value, Inputs, Level 3 [Member]

324

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Settlements

^[2]

1,080

Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value

1,016

^[2]

$ 1,016

$ 0

Interest Rate Swap [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Assets [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Interest Rate Swap [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Assets [Member] | Fair Value, Inputs, Level 1 [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Interest Rate Swap [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Assets [Member] | Fair Value, Inputs, Level 2 [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Interest Rate Swap [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Assets [Member] | Fair Value, Inputs, Level 3 [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Interest Rate Swap [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Liability [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Interest Rate Swap [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Liability [Member] | Fair Value, Inputs, Level 1 [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Interest Rate Swap [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Liability [Member] | Fair Value, Inputs, Level 2 [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Interest Rate Swap [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Liability [Member] | Fair Value, Inputs, Level 3 [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]

$ 0

[1]	Due to a change in valuation methodology of the CEC Convertible Notes on October 1, 2018, the derivative liability of the CEC Convertible Notes and the Disputed claims liability were transferred to Level 2.
[2]	The CEC Convertible Notes were remeasured at fair value and issued on the Effective Date with a debt component and a derivative liability component. See Note 12 for further details on the debt portion of the CEC Convertible Notes. The derivative portion of the CEC Convertible Notes is a recurring fair value measurement, see below.
[3]	The VICI Call Right was remeasured at fair value and then transferred to Accrued expenses and other current liabilities on the Balance Sheet upon settlement on the Effective Date because it is an option related to real estate and not a derivative. See Note 9

Fair Value Measurements Fair Value Measurements - Changes in Level 3 Fair Value Measurements (Details) - USD ($)
$ in Millions

12 Months Ended

Oct. 01, 2018

Dec. 31, 2018

Dec. 31, 2017

Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Transfers out of Level 3

^[1],[2],[3]

$ 0

Fair Value, Inputs, Level 3 [Member] | Liability [Member]

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]

Fair Value, Inputs, Level 2 [Member] | Liability [Member]

$ 24

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]

Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Transfers out of Level 3

^[1]

(73)

Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | Convertible Debt [Member]

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]

^[2]

Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | Call Option [Member]

^[2]

$ 0

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]

^[3]

Fair Value, Measurements, Recurring [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | Liability [Member]

^[3]

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]

112

Settlement of Restructuring Support and Forbearance Agreement Accrual

(112)

(10)

Fair Value, Measurements, Recurring [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | Convertible Debt [Member]

^[2]

112

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]

^[2]

1,600

Settlement of Restructuring Support and Forbearance Agreement Accrual

^[2]

640

^[2]

2,240

^[2]

Fair Value, Measurements, Recurring [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | Call Option [Member]

^[2]

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]

^[3]

131

Settlement of Restructuring Support and Forbearance Agreement Accrual

^[3]

^[3]

177

^[3]

CEC Convertible Notes | Fair Value, Inputs, Level 2 [Member] | Liability [Member]

^[3]

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]

Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Transfers out of Level 3

^[1],[2]

$ (738)

CEC Convertible Notes | Fair Value, Measurements, Recurring [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | Liability [Member]

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]

^[2]

1,016

Settlement of Restructuring Support and Forbearance Agreement Accrual

^[2]

^[2]

(4)

(1,080)

^[2]

(282)

(64)

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

^[2]

$ 0

$ 1,016

[1]	Due to a change in valuation methodology of the CEC Convertible Notes on October 1, 2018, the derivative liability of the CEC Convertible Notes and the Disputed claims liability were transferred to Level 2.
[2]	The CEC Convertible Notes were remeasured at fair value and issued on the Effective Date with a debt component and a derivative liability component. See Note 12 for further details on the debt portion of the CEC Convertible Notes. The derivative portion of the CEC Convertible Notes is a recurring fair value measurement, see below.
[3]	The VICI Call Right was remeasured at fair value and then transferred to Accrued expenses and other current liabilities on the Balance Sheet upon settlement on the Effective Date because it is an option related to real estate and not a derivative. See Note 9

Fair Value Measurements Fair Value Measurements - Interest Rage Swap Derivatives (Details) $ in Millions	12 Months Ended
	Dec. 31, 2018 USD ($)
Derivative [Line Items]
Derivative, Notional Amount	$ 3,000
Designated as Hedging Instrument [Member] \| Interest Rate Swap at 2.274% [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 250
Derivative, Fixed Interest Rate	2.274%
Derivative, Variable Interest Rate	2.522%
Derivative, Maturity Date	Dec. 31, 2022
Designated as Hedging Instrument [Member] \| Interest Rate Swap at 2.828% effective 12/31/2018 [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 200
Derivative, Fixed Interest Rate	2.828%
Derivative, Variable Interest Rate	2.522%
Derivative, Maturity Date	Dec. 31, 2022
Designated as Hedging Instrument [Member] \| Interest Rate Swap at 2.739% effective 12/31/2018 [Member] [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 600
Derivative, Fixed Interest Rate	2.739%
Derivative, Variable Interest Rate	2.522%
Derivative, Maturity Date	Dec. 31, 2022
Designated as Hedging Instrument [Member] \| Interest Rate Swap at 2.153% [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 250
Derivative, Fixed Interest Rate	2.153%
Derivative, Maturity Date	Dec. 31, 2020
Designated as Hedging Instrument [Member] \| Interest Rate Swap at 2.196% [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 250
Derivative, Fixed Interest Rate	2.196%
Derivative, Maturity Date	Dec. 31, 2021
Designated as Hedging Instrument [Member] \| Interest Rate Swap at 2.788% [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 400
Derivative, Fixed Interest Rate	2.788%
Derivative, Maturity Date	Dec. 31, 2021
Designated as Hedging Instrument [Member] \| Interest Rate Swap at 2.828% effective 01/01/2019 [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 200
Derivative, Fixed Interest Rate	2.828%
Derivative, Maturity Date	Dec. 31, 2022
Designated as Hedging Instrument [Member] \| Interest Rate Swap at 2.172% [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 250
Derivative, Fixed Interest Rate	2.172%
Derivative, Maturity Date	Dec. 31, 2020
Designated as Hedging Instrument [Member] \| Interest Rate Swap @ 2.731% [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 200
Derivative, Fixed Interest Rate	2.731%
Derivative, Maturity Date	Dec. 31, 2020
Designated as Hedging Instrument [Member] \| Interest Rate Swap at 2.707% [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 400
Derivative, Fixed Interest Rate	2.707%
Derivative, Maturity Date	Dec. 31, 2021

Fair Value Measurements - Additional Details (Details)
$ / shares in Units, shares in Millions, $ in Millions

12 Months Ended

Dec. 31, 2019

USD ($)

Dec. 31, 2018

USD ($)

interest_rate_swap_agreements

$ / shares

Dec. 31, 2017

USD ($)

Dec. 31, 2016

USD ($)

Increase (Decrease) in Derivative Liabilities

$ 8,965

$ 8,913

$ (697)

$ (64)

$ 0

Description of Interest Rate Derivative Activities

Derivative, Notional Amount

$ 3,000

Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Gain (Loss) Included in Other Comprehensive Income (Loss)

$ 16

Convertible Debt [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Debt Instrument, Convertible, Conversion Price | $ / shares

7.00%

4.75%

$ 122.38

CEC Convertible Notes, Convertible Number of Shares | shares

156

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Debt Instrument, Convertible, Conversion Price | $ / shares

$ 7.19

Convertible Debt [Member] | Unsecured Debt [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

$ 1,083

$ 1,078

Debt Instrument, Face Amount

^[1]

5.00%

$ 1,100

Scenario, Forecast [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Other Comprehensive Income (Loss), Financial Liability, Fair Value Option, Reclassification Adjustment from AOCI for Derecognition, before Tax

$ 1

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Number of Interest Rate Derivatives Held | interest_rate_swap_agreements

Liability [Member] | Fair Value, Inputs, Level 3 [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Fair Value, Measured on Recurring Basis, Gain (Loss) Included in Earnings

$ 24

Liability [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Fair Value, Measured on Recurring Basis, Gain (Loss) Included in Earnings

Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Gain (Loss) Included in Earnings

$ (10)

$ 0

Measurement Input, Expected Term [Member] | Convertible Debt [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Fair Value Assumptions, Expected Term

7 years

Measurement Input, Discount Rate [Member] | Convertible Debt [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Fair Value Inputs, Discount Rate

5.00%

Measurement Input, Price Volatility [Member] | Convertible Debt [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Measurement Input, Risk Free Interest Rate [Member] | Convertible Debt [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]

0.30

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

NetOfTrust [Member] | Convertible Debt [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]

0.023

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

CEC Convertible Notes, Convertible Number of Shares | shares

151

[1]	(1) Interest rate is fixed, except where noted.

Detail of Accrued Expenses and Other Current Liabilities - Detail of Accrued Expenses (Details) - USD ($) $ in Millions	Dec. 31, 2018	Dec. 31, 2017
Detail of Accrued Expenses [Abstract]
Payroll and other compensation	$ 281	$ 268
Self-insurance claims and reserves	177	177
VICI Call Right	173	192
Accrued taxes	157	137
Advance deposits	92	126
Disputed claims liability (See Note 11)	45	112
Chip and token liability	37	38
Other accruals	255	276
Total accrued expenses and other current liabilities	$ 1,217	$ 1,326

Leases - Future Minimum Rental Commitments (Details) $ in Millions	Dec. 31, 2018 USD ($)
Leases [Abstract]
Noncancelable Operating Leases, Due 2019	$ 82
Minimum Lease Payments, Sale Leaseback Transactions, Next Twelve Months	753
Noncancelable Operating Leases, Due 2020	70
Minimum Lease Payments, Sale Leaseback Transactions, within Two Years	809
Noncancelable Operating Leases, Due 2021	57
Minimum Lease Payments, Sale Leaseback Transactions, within Three Years	822
Noncancelable Operating Leases, Due 2022	53
Minimum Lease Payments, Sale Leaseback Transactions, within Four Years	836
Noncancelable Operating Leases, Due 2023	51
Minimum Lease Payments, Sale Leaseback Transactions, within Five Years	855
Noncancelable Operating Leases, Due 2024 and thereafter	966
Minimum Lease Payments, Sale Leaseback Transactions, Thereafter	34,333
Noncancelable Operating Leases, Total minimum rental commitments	1,279
Minimum Lease Payments, Sale Leaseback Transactions	$ 38,408

Leases - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Operating Leased Assets [Line Items]
Operating Leases, Rent Expense, Net	$ 118	$ 84	$ 74
Collaborative Arrangement, Rights and Obligations	Each lease agreement provides for fixed rent (subject to escalation) during an initial term, then rent consisting of both base rent and variable percentage rent elements, and has a 15-year initial term and four five-year renewal options, subject to certain restrictions on extension applicable to certain of the leased properties. The CEOC LLC Lease Agreements and the Harrah’s Las Vegas lease provide for annual fixed rent of $695 million and $87 million, respectively. Each of the leases includes escalation provisions beginning in year two of the initial term and continuing through the renewal terms. The leases also include provisions for contingent rental payments calculated, in part, based on increases or decreases of net revenue of the underlying lease properties, commencing in year eight of the initial term and continuing through the renewal terms.
Minimum [Member]
Operating Leased Assets [Line Items]
Lessee, Operating Lease, Term of Contract	1 year
Maximum [Member]
Operating Leased Assets [Line Items]
Lessee, Operating Lease, Term of Contract	79 years

Litigation, Contractual Commitments and Contingent Liabilities Litigation - Exit Costs Accrual Composition (Details) - USD ($)
$ in Millions

Dec. 31, 2018

Dec. 31, 2017

Disposal Group, Including Discontinued Operation, Other Liabilities

$ 144

$ 139

Harrah's Gulf Coast construction project [Member] | Caesars Entertainment Operating Company [Member] | Discontinued Operations, Disposed of by Means Other than Sale, Abandonment [Member]

Disposal Group, Including Discontinued Operation, Other Liabilities

^[1]

Horseshoe Council Bluffs [Member] | Caesars Entertainment Operating Company [Member] | Discontinued Operations, Disposed of by Means Other than Sale, Abandonment [Member]

Disposal Group, Including Discontinued Operation, Other Liabilities

Disposal Group Other [Member] | Caesars Entertainment Operating Company [Member] | Discontinued Operations, Disposed of by Means Other than Sale, Abandonment [Member]

Disposal Group, Including Discontinued Operation, Other Liabilities

^[2]

Disposal Group, Including Discontinued Operation, Other Liabilities

$ 58

$ 38

[1]	(1) Associated with the abandonment of a construction project near the Mississippi Gulf Coast.
[2]	(2) Properties include Alea Leeds, Golden Nugget and Southend.

12 Months Ended

72 Months Ended

Dec. 31, 2018

Sep. 01, 2023

Dec. 31, 2017

$ 173

$ 192

Contractual obligation, minimum guarantee

^[1]

11,945

Share-based Compensation Arrangement by Share-based Payment Award Accelerated Compensation Cost

Employee Service Share-based Compensation, Allocation of Recognized Period Costs, Capitalized Amount

Bankruptcy Claims, Amount of Claims Filed

590

$ 112

Restricted Cash and Cash Equivalents

$ 49

Common Stock, Capital Shares Reserved for Future Issuance

Convertible Notes Payable [Member]

VICI Properties, Inc. [Member]

$ 32

Long-term Purchase Commitment, Description

Under the CEOC LLC Lease Agreements and the Harrah’s Las Vegas lease, we are required to spend certain minimum amounts on capital expenditures.

Golf Courses [Member] | VICI Properties, Inc. [Member]

Long-term Purchase Commitment, Period

35 years

Debt Instrument, Annual Principal Payment

$ 10

Annual Use Fee

Liabilities, Other than Long-term Debt, Noncurrent

143

Finance Lease, Right-of-Use Asset, Amortization

Business Exit Costs Fair Value

Scenario, Forecast [Member] | Contract Termination [Member]

Sports Partnership [Member]

$ 31

$ 177

[1]

Debt - Summary of Debt (Details) - USD ($)
$ in Millions

2 Months Ended

3 Months Ended

4 Months Ended

12 Months Ended

Dec. 31, 2018

Nov. 02, 2018

Aug. 01, 2018

May 03, 2018

Apr. 15, 2018

Dec. 31, 2018

Dec. 31, 2017

Dec. 18, 2017

Oct. 06, 2017

$ 9,075

Long-term Debt, Current Maturities

8,965

$ 8,913

(164)

(64)

Long Term Debt Non Current Face Value

8,911

Long-term Debt, Excluding Current Maturities

8,801

8,849

Unamortized discounts

110

121

Long-term Debt, Fair Value

$ 8,527

Unsecured Debt [Member] | Convertible Debt [Member]

2024

^[1]

5.00%

$ 1,083

1,083

$ 1,083

1,078

Caesars Resort Collection [Member] | Line of Credit [Member] | Revolving Credit Facility [Member]

5,700

2022

^[2]

100

$ 100

Caesars Resort Collection [Member] | Line of Credit [Member] | Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member]

^[2]

$ 100

Caesars Resort Collection [Member] | Secured Debt [Member] | Term Loan [Member]

2.13%

2.00%

2.13%

2.25%

2.00%

2024

$ 4,653

^[3]

$ 4,653

^[3]

4,700

Caesars Resort Collection [Member] | Secured Debt [Member] | Term Loan [Member] | London Interbank Offered Rate (LIBOR) [Member]

^[3]

$ 4,577

$ 4,616

Caesars Resort Collection [Member] | Unsecured Debt [Member] | Term Loan [Member]

2.75%

2025

^[1]

5.25%

$ 1,700

Caesars Resort Collection [Member] | Unsecured Debt [Member] | Special Improvement District Bonds [Member]

1,668

$ 1,668

$ 1,664

CEOC LLC [Member] | Line of Credit [Member] | Revolving Credit Facility [Member]

2037

2022

^[4]

$ 0

CEOC LLC [Member] | Line of Credit [Member] | Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member]

^[4]

$ 0

CEOC LLC [Member] | Secured Debt [Member] | Term Loan [Member]

2.00%

2024

^[5]

1,485

$ 1,485

CEOC LLC [Member] | Secured Debt [Member] | Term Loan [Member] | London Interbank Offered Rate (LIBOR) [Member]

$ 1,483

^[5]

$ 1,483

^[5]

1,499

^[5]

$ 265

$ 1,235

Caesars Growth Partners, LLC [Member] | Unsecured Debt [Member] | Special Improvement District Bonds [Member]

2.50%

2.00%

^[1]

4.30%

$ 54

$ 54

$ 56

[1]	(1) Interest rate is fixed, except where noted.
[2]	LIBOR”) plus 2.00%. On May 4, 2018, the interest rate was reduced from the previous LIBOR plus 2.25% to LIBOR plus 2.13% and on August 2, 2018, the interest rate was further reduced to LIBOR plus 2.00% due to step-downs based on the senior secured leverage ratio in accordance with the CRC Credit Agreement. On November 2, 2018, the interest rate was increased to LIBOR plus 2.13% due to a step-up based on the senior secured leverage ratio as of September 30, 2018.
[3]	LIBOR plus 2.75%.
[4]	LIBOR plus 2.00%
[5]	LIBOR plus 2.00%. On April 16, 2018, the interest rate was repriced from the previous LIBOR plus 2.50%, see below.

Debt - Annual Estimated Debt Service Requirements (Details)
$ in Millions

Dec. 31, 2018

USD ($)

interest_rate_swap_agreements

Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months

$ 164

Long-term Debt, Maturities, Repayments of Principal in Year Two

Long-term Debt, Maturities, Repayments of Principal in Year Three

Long-term Debt, Maturities, Repayments of Principal in Year Four

Long-term Debt, Maturities, Repayments of Principal in Year Five

Long-term Debt, Maturities, Repayments of Principal after Year Five

8,655

Long-term debt, Maturities, Repayments of Principal, Total

9,075

Contractual Obligation, Due in Next Fiscal Year

644

^[1]

Contractual Obligation, Due in Second Year

534

^[1]

Contractual Obligation, Due in Third Year

534

^[1]

Contractual Obligation, Due in Fourth Year

524

^[1]

Contractual Obligation, Due in Fifth Year

514

^[1]

Contractual Obligation, Due after Fifth Year

9,195

^[1]

Contractual Obligation, Total

11,945

^[1]

Interest Expense [Member]

Other Commitment, Due in Next Twelve Months

480

Other Commitment, Due in Second Year

470

Other Commitment, Due in Third Year

470

Other Commitment, Due in Fourth Year

460

Other Commitment, Due in Fifth Year

450

Other Commitment, Due after Fifth Year

540

Other Commitment, Total

$ 2,870

Number of Interest Rate Derivatives Held | interest_rate_swap_agreements

[1]

Debt - Summary of Debt and Revolving Credit Facility Cash Flows from Financing Activities (Details) - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2018

Dec. 31, 2017

Dec. 31, 2016

$ 1,167

(1,130)

$ (7,846)

$ (268)

Capital Lease Obligations [Member]

(1)

$ (232)

$ 0

Proceeds from (Repayments of) Long-term Debt and Capital Securities

Repayments of Debt and Capital Lease Obligations

(1)

Extinguishment of Debt, Amount

Caesars Resort Collection [Member] | Line of Credit [Member] | Revolving Credit Facility [Member]

700

(600)

Caesars Resort Collection [Member] | Secured Debt [Member] | Term Loan [Member]

(47)

CEOC LLC [Member] | Secured Debt [Member] | Term Loan [Member]

^[1]

467

^[1]

(482)

^[1]

$ (1)

[1]	(1) Includes amounts related to Amendment No. 1 to the CEOC LLC Credit Agreement discussed above.

Debt - Additional Information (Details)
$ / shares in Units, shares in Millions

8 Months Ended

12 Months Ended

Dec. 31, 2018

USD ($)

$ / shares

Dec. 31, 2018

USD ($)

count

$ / shares

Dec. 31, 2017

USD ($)

Dec. 31, 2016

USD ($)

Dec. 18, 2017

USD ($)

Oct. 06, 2017

USD ($)

Current Fiscal Year End Date

--12-31

Debt Instrument, Covenant Description

$ 1,130,000,000

$ 7,846,000,000

$ 268,000,000

$ 8,965,000,000

8,965,000,000

$ 8,913,000,000

Debt Conversion, Converted Instrument, Amount

9,075,000,000

$ 1.00

Debt Instrument, Convertible, Threshold Trading Days | count

Debt Instrument, Convertible, Threshold Consecutive Trading Days | count

Debt Instrument, Convertible, Latest Date

Oct. 06, 2024

Amount of Restricted Net Assets for Consolidated and Unconsolidated Subsidiaries

$ 3,200,000,000

Debt Instrument, Convertible, Conversion Ratio

0.139

Debt Instrument, Convertible, Conversion Price | $ / shares

$ 7.19

Stockholders' Equity Note, Impact of Conversion of Contingently Convertible Securities on Diluted Earnings Per Share

If all the shares were issued on the Effective Date, they would have represented approximately 17.9% of the shares of CEC common stock outstanding on a fully diluted basis.

Debt Instrument, Convertible, Threshold Percentage of Stock Price Trigger

140.00%

Debt Instrument, Convertible, Remaining Discount Amortization Period

5 years 9 months

Unsecured Debt [Member] | Convertible Debt [Member]

Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate

$ 1,083,000,000

$ 1,078,000,000

5.00%

$ 1,083,000,000

^[1]

5.00%

CEOC LLC [Member]

CEOC LLC [Member] | Secured Debt [Member] | Term Loan [Member]

^[2]

$ 482,000,000

$ 1,483,000,000

^[3]

1,483,000,000

^[3]

$ 1,499,000,000

^[3]

$ 265,000,000

$ 1,235,000,000

CEOC LLC [Member] | Line of Credit [Member] | Revolving Credit Facility [Member]

^[3]

1,485,000,000

^[4]

Debt Instrument, Description of Variable Rate Basis

$ 39,000,000

Amendment Description

Line of Credit Facility, Commitment Fee Description

Line of Credit Facility, Maximum Borrowing Capacity

200,000,000

^[4]

$ 0

Caesars Resort Collection [Member] | Secured Debt [Member] | Term Loan [Member]

5,700,000,000

$ 47,000,000

^[5]

4,577,000,000

4,616,000,000

Caesars Resort Collection [Member] | Secured Debt [Member] | Revolving Credit Facility [Member]

4,653,000,000

^[5]

4,653,000,000

^[5]

4,700,000,000

Caesars Resort Collection [Member] | Line of Credit [Member] | Revolving Credit Facility [Member]

36,000,000

600,000,000

Debt Instrument, Description of Variable Rate Basis

^[6]

100,000,000

$ 100,000,000

Line of Credit Facility, Commitment Fee Description

Line of Credit Facility, Maximum Borrowing Capacity

1,000,000,000.0

Caesars Resort Collection [Member] | Unsecured Debt [Member] | Term Loan [Member]

^[6]

100,000,000

$ 100,000,000

1,668,000,000

$ 1,664,000,000

$ 1,700,000,000

Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Convertible Debt [Member]

^[1]

5.25%

Debt Instrument, Convertible, Conversion Price | $ / shares

7.00%

4.75%

$ 122.38

Debt Conversion, Converted Instrument, Shares Issued | shares

156

NetOfTrust [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Convertible Debt [Member]

Debt Conversion, Converted Instrument, Shares Issued | shares

151

[1]	(1) Interest rate is fixed, except where noted.
[2]	(1) Includes amounts related to Amendment No. 1 to the CEOC LLC Credit Agreement discussed above.
[3]	LIBOR plus 2.00%. On April 16, 2018, the interest rate was repriced from the previous LIBOR plus 2.50%, see below.
[4]	LIBOR plus 2.00%
[5]	LIBOR plus 2.75%.
[6]	LIBOR”) plus 2.00%. On May 4, 2018, the interest rate was reduced from the previous LIBOR plus 2.25% to LIBOR plus 2.13% and on August 2, 2018, the interest rate was further reduced to LIBOR plus 2.00% due to step-downs based on the senior secured leverage ratio in accordance with the CRC Credit Agreement. On November 2, 2018, the interest rate was increased to LIBOR plus 2.13% due to a step-up based on the senior secured leverage ratio as of September 30, 2018.

Stockholders' Equity and Loss Per Share Additional Information (Details) - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Aug. 10, 2018	May 02, 2018
Stockholders Equity Noncontrolling Interests and Income (Loss) Per Share [Abstract]
Stock Repurchase Program, Authorized Amount				$ 750	$ 500
Treasury Stock, Shares, Acquired	31
Repurchase of common stock	$ 311	$ 0	$ 0

Earnings Per Share Earnings Per Share - Basic and Dilutive Net Earnings Per Share Reconciliation (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Income/(loss) from continuing operations attributable to Caesars, net of income taxes									$ 303	$ (368)	$ (6,429)
Income from discontinued operations attributable to Caesars, net of income taxes									0	0	3,380
Net income/(loss) attributable to Caesars	$ 198	$ 110	$ 29	$ (34)	$ 2,004	$ (433)	$ (1,432)	$ (507)	303	(368)	(3,049)
Dilutive Securities, Effect on Basic Earnings Per Share, Dilutive Convertible Securities									42	0	0
Adjusted net income/(loss) attributable to Caesars									$ 345	$ (368)	$ (3,049)
Weighted-average common shares outstanding - basic									686	279	146
Weighted-average common shares outstanding - diluted									841	279	146
Basic earnings/(loss) per share from continuing operations									$ 0.44	$ (1.32)	$ (43.96)
Basic earnings per share from discontinued operations									0	0	23.11
Basic earnings/(loss) per share	$ 0.29	$ 0.16	$ 0.04	$ (0.05)	$ 3.01	$ (2.90)	$ (9.62)	$ (3.44)	0.44	(1.32)	(20.85)
Diluted earnings/(loss) per share from continuing operations									0.41	(1.32)	(43.96)
Diluted earnings per share from discontinued operations									0	0	23.11
Diluted earnings/(loss) per share	$ 0.25	$ 0.14	$ 0.04	$ (0.05)	$ 2.48	$ (2.90)	$ (9.62)	$ (3.44)	$ 0.41	$ (1.32)	$ (20.85)
Stock-based compensation awards
Dilutive potential common shares									4	0	0
CEC Convertible Notes
Dilutive potential common shares									151	0	0

Earnings Per Share Earnings Per Share - Weighted Average Numbers of Anti-Dilutive Shares (Details) - shares shares in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive common stock	11	57	19
Stock-based compensation awards
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive common stock	11	21	19
CEC Convertible Notes
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive common stock	0	36	0

Revenue Recognition Revenue Recognition - Effect of Adopting New Revenue Recognition Standard (Details) - USD ($)
$ in Millions

3 Months Ended

12 Months Ended

Dec. 31, 2018

Sep. 30, 2018

Jun. 30, 2018

Mar. 31, 2018

Dec. 31, 2017

Sep. 30, 2017

Jun. 30, 2017

Mar. 31, 2017

Dec. 31, 2018

Dec. 31, 2017

Dec. 31, 2016

Dec. 31, 2015

$ 457

$ 494

$ 457

$ 494

$ 167

Accrued expenses and other current liabilities ($1 and $0 attributable to our VIEs)

^[1]

16,045

16,154

^[2]

16,045

16,154

^[2]

^[3]

1,217

1,326

1,217

1,326

^[3]

144

129

144

129

^[1]

10,057

9,355

10,057

9,355

Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest

849

1,474

849

1,474

3,338

3,297

3,338

3,297

(1,607)

$ 2,042

Revenue from Contract with Customer, Including Assessed Tax

2,115

$ 2,185

$ 2,119

$ 1,972

1,901

$ 993

$ 1,008

$ 966

8,391

4,868

3,877

1,761

1,124

1,147

Depreciation, Depletion and Amortization, Nonproduction

202

1,145

626

439

332

202

194

155

^[4]

^[5]

7,652

4,331

3,651

100

232

282

125

154

149

150

739

537

226

(1,346)

(773)

(599)

(2,028)

(5,729)

(1)

(232)

Income (loss) from continuing operations before income taxes, Noncontrolling Interest

791

^[4]

(29)

183

(2,370)

(6,131)

Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest

^[6],[7]

121

1,995

(327)

304

(375)

(6,458)

Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest

3,380

Net Income (Loss) Attributable to Noncontrolling Interest

198

111

(34)

2,004

(439)

(1,432)

(508)

304

(375)

(3,078)

(1)

Adjustments for New Accounting Pronouncement [Member]

$ 198

$ 110

$ 29

$ (34)

2,004

$ (433)

$ (1,432)

$ (507)

303

(368)

(3,049)

(2)

Accrued expenses and other current liabilities ($1 and $0 attributable to our VIEs)

^[1]

(74)

^[3]

(133)

^[3]

129

^[1]

(74)

Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest

Previously Reported [Member]

496

Accrued expenses and other current liabilities ($1 and $0 attributable to our VIEs)

^[1]

16,228

^[3]

1,459

^[3]

^[1]

9,429

Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest

1,473

$ 3,296

3,296

(1,609)

$ 2,039

4,852

3,877

(679)

(538)

1,133

1,166

Depreciation, Depletion and Amortization, Nonproduction

628

439

204

194

4,320

3,650

532

227

(774)

(599)

(2,028)

(5,729)

(232)

Income (loss) from continuing operations before income taxes, Noncontrolling Interest

(29)

(2,377)

(6,130)

Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest

1,995

(327)

(382)

(6,457)

Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest

3,380

Net Income (Loss) Attributable to Noncontrolling Interest

(382)

(3,077)

(375)

(3,048)

Revenue from Contract with Customer, Including Assessed Tax

4,247

2,168

1,608

Casino [Member] | Previously Reported [Member]

(2,393)

(1,213)

(890)

2,865

2,177

(1,521)

(1,128)

Revenue from Contract with Customer, Including Assessed Tax

1,574

982

822

Food and Beverage [Member] | Previously Reported [Member]

(1,106)

(693)

(572)

938

788

(446)

(383)

Revenue from Contract with Customer, Including Assessed Tax

1,519

1,074

950

Occupancy [Member] | Previously Reported [Member]

(480)

(360)

(318)

1,054

923

(276)

(249)

Revenue from Contract with Customer, Including Assessed Tax

License and Service [Member] | Previously Reported [Member]

626

527

Revenue from Contract with Customer, Including Assessed Tax

161

179

178

789

584

497

Product and Service, Other [Member] | Previously Reported [Member]

Revenue from Contract with Customer, Including Assessed Tax

$ 202

Service, Other [Member] | Previously Reported [Member]

$ 48

$ 0

[1]	The conditions that were considered prohibited forms of continuing involvement related to our sale of the Golf Course Properties (see Note 11) are no longer considered continuing involvement under the new revenue recognition standard. As a result of adopting the new standard on a full retrospective basis, we are now reflecting this transaction as a completed sale in the period in which it occurred.
[2]	(1) We reclassified $73 million in land improvements to Buildings, riverboats and leasehold and land improvements to align with our 2018 reporting presentation.
[3]	Adjustments are primarily related to the reclassification of assets and liabilities in accordance with the new accounting and disclosure requirements.
[4]	(2) Amounts include changes in fair value of the derivative liability related to the conversion option of the CEC Convertible Notes and the disputed claims liability as well as interest and dividend income.
[5]	(3) Amounts primarily represent costs incurred in connection with development activities and reorganization activities, and/or recoveries associated with such items, including acquisition and integration costs, contract exit fees including exiting the fully bundled sales system of NV Energy for electric service at our Nevada properties, lease termination costs, gains and losses on asset sales, weather related property closure costs, demolition costs primarily at our Las Vegas properties for renovations, and project opening costs.
[6]	(1) Taxes are recorded at the consolidated level and not estimated or recorded to our Las Vegas and Other U.S. segments.
[7]	(1) Taxes are recorded at the consolidated level and not estimated or recorded to our Las Vegas and Other U.S. segments.

Revenue Recognition Revenue Recognition - Receivables (Details) - USD ($) $ in Millions	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Loans and Leases Receivable Disclosure [Line Items]
Contract with Customer, Asset, Net	$ 327	$ 311	$ 147
Other	130	183	20
Receivables, net	457	494	167
Casino [Member]
Loans and Leases Receivable Disclosure [Line Items]
Contract with Customer, Asset, Net	188	173	75
Food and Beverage [Member]
Loans and Leases Receivable Disclosure [Line Items]
Contract with Customer, Asset, Net	62	59	46
Entertainment [Member]
Loans and Leases Receivable Disclosure [Line Items]
Contract with Customer, Asset, Net	$ 77	$ 79	$ 26

Revenue Recognition Revenue Recognition - Allowance for Doubtful Accounts (Details) - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2018

Dec. 31, 2017

Dec. 31, 2016

Dec. 31, 2015

$ 47

$ 51

$ 41

$ 48

Allowance for Loan and Lease Losses Write-offs, Net

(25)

(18)

Allowance for Credit Loss [Member]

Contract with Customer, Asset, Accumulated Allowance for Credit Loss

Allowance for Loan and Lease Losses Write-offs, Net

(18)

(25)

Trade Accounts Receivable [Member]

$ 13

Allowance for Loan and Lease Losses Write-offs, Net

(1)

$ (7)

(32)

$ 7

Allowance for Doubtful Accounts Receivable, Period Increase (Decrease)

^[1]

OpCo [Member] | Allowance for Credit Loss [Member]

Allowance for Doubtful Accounts Receivable, Period Increase (Decrease)

^[1]

OpCo [Member] | Trade Accounts Receivable [Member]

Allowance for Doubtful Accounts Receivable, Period Increase (Decrease)

^[1]

$ 20

[1]	(1) See Note 4 for further details relating to the acquisition of OpCo

Revenue Recognition Revenue Recognition - Contract Liabilities (Details) - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2018

Dec. 31, 2017

Dec. 31, 2016

Contract with Customer, Liability, Change in Timeframe, Performance Obligation Satisfied, Revenue Recognized

$ 149

^[1]

$ 131

^[2]

$ 63

(584)

^[3]

(56)

Increase (Decrease) in Customer Loyalty Program Liability

602

Contract with Customer, Liability, Noncurrent

Customer Loyalty Program [Member]

Contract with Customer, Liability, Change in Timeframe, Performance Obligation Satisfied, Revenue Recognized

^[1]

^[2]

(144)

^[3]

Increase (Decrease) in Customer Loyalty Program Liability

148

(19)

Contract with Customer, Liability, Revenue Recognized

Customer Advances [Member]

Contract with Customer, Liability, Change in Timeframe, Performance Obligation Satisfied, Revenue Recognized

^[1]

^[2]

$ 63

(440)

^[3]

(56)

Increase (Decrease) in Customer Loyalty Program Liability

454

Contract with Customer, Liability, Revenue Recognized

$ 62

Increase (Decrease) in Customer Loyalty Program Liability

^[4]

109

OpCo [Member] | Customer Loyalty Program [Member]

Increase (Decrease) in Customer Loyalty Program Liability

^[4]

OpCo [Member] | Customer Advances [Member]

Increase (Decrease) in Customer Loyalty Program Liability

^[4]

$ 28

[1]	(4) $5 million included within Deferred credits and other liabilities as of December 31, 2018.
[2]	(2) $2 million included within Deferred credits and other liabilities as of December 31, 2017.
[3]	(3) Includes $35 million for Caesars Rewards and $62 million for Customer Advances recognized from the December 31, 2017 Contract liability balances.
[4]	(1) See Note 4 for further details relating to the acquisition of OpCo.

Revenue Recognition Revenue Recognition - Additional Information (Details)	12 Months Ended
	Dec. 31, 2018
Revenue, Performance Obligation, Description of Timing	While Rewards Credits are generally redeemed by customers over a four-year period from when they were earned, of the total Reward Credits expected to be redeemed, approximately 90% are redeemed within one year and approximately 10% are redeemed beyond one year.
Accounting Standards Update 2014-09 [Member]
New Accounting Pronouncement or Change in Accounting Principle, Description of Transition Method	In May 2014, the FASB issued a new standard related to revenue recognition, ASU 2014-09, Revenue from Contracts with Customers. We adopted the standard effective January 1, 2018, using the full retrospective method, which requires the Company to recast each prior reporting period presented consistent with the new standard. The most significant effects of adopting the new standard related to the accounting for our Caesars Rewards customer loyalty program and casino promotional allowances.

Stock-Based Compensation - Stock Option Activity (Details) - Parent [Member] - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Outstanding as of December 31, 2017	9,227,890
Number of options exercised	(746,332)	(1,249,640)	(11,101)
Forfeited	(46,519)
Expired	(74,674)
Outstanding as of December 31, 2018	8,360,365	9,227,890
Vested and expected to vest as of December 31, 2018	8,360,365
Exercisable as of December 31, 2018	7,338,503
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]
Weighted Average Exercise Price Outstanding, Beginning of Period	$ 10.36
Weighted Average Exercise Price Exercised	7.58
Weighted Average Exercise Price Forfeited	8.64
Weighted Average Exercise Price Expired	9.97
Weighted Average Exercise Price Outstanding, End of Period	10.63	$ 10.36
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Exercise Price	10.63
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Exercise Price	$ 9.12
Weighted Average Remaining Contractual Term [Abstract]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term	2 years 8 months 12 days
Options Outstanding, Weighted Average Remaining Contractual Term	2 years 9 months 18 days	3 years 10 months 24 days
Options Vested and Expected to Vest, Outstanding, Weighted Average Remaining Contractual Term	2 years 9 months 18 days
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value [Abstract]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value	$ 0	$ 35
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Aggregate Intrinsic Value	$ 0

Stock-Based Compensation - Stock Option Grants and Exercises (Details) - USD ($)
$ / shares in Units, $ in Millions

12 Months Ended

Dec. 31, 2018

Dec. 31, 2017

Dec. 31, 2016

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Granted

377

Weighted Average Exercise Price per Share (1)

$ 19,166.18

Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value

^[1]

$ 5,404.93

(909)

Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value

$ 2

$ 13

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number

8,360,365

9,227,890

Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price

$ 10.63

$ 10.36

Options Outstanding, Weighted Average Remaining Contractual Term

2 years 9 months 18 days

3 years 10 months 24 days

Weighted Average Exercise Price Exercised

(746,332)

(1,249,640)

(11,101)

$ 7.58

Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period

46,519

Share-based Compensation Arrangements by Share-based Payment Award, Options, Forfeitures in Period, Weighted Average Exercise Price

$ 8.64

Share-based Compensation Arrangement by Share-based Payment Award, Options, Expirations in Period

74,674

Share-based Compensation Arrangements by Share-based Payment Award, Options, Expirations in Period, Weighted Average Exercise Price

$ 9.97

Vested and expected to vest as of December 31, 2018

8,360,365

Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Exercise Price

$ 10.63

Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Remaining Contractual Term

2 years 9 months 18 days

Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value

$ 0

$ 35

Exercisable as of December 31, 2018

7,338,503

Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Exercise Price

$ 9.12

Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term

2 years 8 months 12 days

Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Aggregate Intrinsic Value

$ 0

Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value

^[2]

$ 0

^[2]

$ 3

$ 7

$ 0

[1]

Assumptions Used to Estimate CIE Option Value

	Year Ended December 31, 2016
Expected range of volatility	40.5% - 44.6%
Expected dividend yield	—	%
Expected range of term (in years)	0.8 - 4.2
Risk-free interest rate range	0.5% - 1.2%

[2]

2016 amounts are immaterial.

Stock-Based Compensation - Assumptions Used to Estimate Option Values (Details) - Caesars Interactive Entertainment [Member]	12 Months Ended
	Dec. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate, Minimum	40.50%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate, Maximum	44.60%
Expected dividend yield	0.00%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate, Minimum	0.50%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate, Maximum	1.20%
Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term	9 months
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term	4 years 2 months

Stock-Based Compensation - Restricted Stock and Restricted Stock Unit Activity (Details) - Parent [Member] - Restricted stock units and awards - $ / shares

12 Months Ended

Dec. 31, 2018

Dec. 31, 2017

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding, Number

13,455,092

17,274,659

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value

^[1]

$ 11.51

$ 11.22

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period

4,177,558

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value

^[1]

$ 10.93

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period

6,550,480

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value

^[1]

$ 10.36

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period

1,446,645

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value

^[1]

$ 11.59

[1]	(1) Represents the weighted average grant date fair value of RSUs, which is the share price of our common stock on the grant date.

Stock-Based Compensation Stock-Based Compensation - Performance Stock Activity (Details) - Parent [Member] - Performance Shares [Member] - $ / shares

12 Months Ended

Dec. 31, 2018

Dec. 31, 2017

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period

(103,618)

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value

^[1]

$ 10.80

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period

1,569,801

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value

^[1]

$ 10.78

Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding, Number

1,466,183

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value

^[1]

$ 6.79

$ 0

[1]	(1) Grant date fair value, for which compensation expense of these awards is measured, has not been achieved. This represents the quoted market price of our common stock on the dates indicated.

Stock-Based Compensation Stock Based Comp - Composition of Stock-Based Comp Expense (Details) - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2018

Dec. 31, 2017

Dec. 31, 2016

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Corporate Expenses [Member]

$ 79

$ 43

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Selling, General and Administrative Expenses [Member]

^[1]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

195

^[1]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

$ 79

$ 43

$ 232

^[1]

[1]	(1) Includes $189M related to CIE stock-based compensation expense for the year ended December 31, 2016.

Stock-Based Compensation - Additional Information (Details) - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2018

Dec. 31, 2017

Dec. 31, 2016

2017 Incentive Plan [Member] | Restricted stock units and awards

$ 79

$ 43

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Number of Outstanding Options

9,000,000

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

189

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

$ 79

$ 43

232

^[1]

Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Stock Options

8,360,365

9,227,890

$ 126

Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition

2 years 4 months 24 days

Parent [Member] | Performance Shares [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period

1,466,183

1,569,801

Parent [Member] | Restricted stock units and awards

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value

$ 72

$ 29

$ 23

Stock Issued During Period, Value, Restricted Stock Award, Gross

13,455,092

17,274,659

$ 46

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period

4,177,558

Parent [Member] | Two Thousands One Two Incentive Plan [Member] | Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Domain]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Parent [Member] | Two Thousands One Two Incentive Plan [Member] | Restricted stock units and awards

8,000,000

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Parent [Member] | 2017 Incentive Plan [Member] | Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Domain]

2,000,000

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Number of Additional Shares Authorized

25,000,000

[1]	(1) Includes $189M related to CIE stock-based compensation expense for the year ended December 31, 2016.

Employee Benefit Plans - Pension Plan Participation and Contribution Summary (Details) - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2018

Dec. 31, 2017

Dec. 31, 2016

Southern Nevada Culinary and Bartenders Pension Plan [Member]

^[1]

$ 55

$ 40

$ 33

Multiemployer Plans, Certified Zone Status [Fixed List]

Green

^[2]

886016617

^[2]

001

^[2],[3]

^[1],[2]

$ 25

$ 19

$ 16

Multiemployer Plans, Period Contributions, Significance of Contributions [true false]

true

Legacy Plan of the National Retirement Fund [Member]

^[2],[4]

136130178

^[2],[4]

001

Multiemployer Plans, Period Contributions, Significance of Contributions [true false]

^[1],[2],[4]

$ 0

$ 9

$ 5

true

Pension Plan of the UNITE HERE National Retirement Fund [Member]

Multiemployer Plans, Certified Zone Status [Fixed List]

Red

Legacy Plan of the UNITE HERE Retirement Fund [Member]

Multiemployer Plans, Certified Zone Status [Fixed List]

Red

^[4]

820994119

^[4]

001

^[3],[4]

Implemented

^[1],[4]

$ 15

$ 0

Central Pension Fund of the IUOE & Participating Employers [Member]

Multiemployer Plans, Certified Zone Status [Fixed List]

Green

^[5]

366052390

^[5]

001

^[3],[5]

^[1],[5]

$ 6

$ 5

Western Conference of Teamsters Pension Plan [Member]

Multiemployer Plans, Certified Zone Status [Fixed List]

Green

916145047

001

^[3]

^[1]

$ 5

$ 4

Local 68 Engineers Union Pension Plan [Member]

Multiemployer Plans, Certified Zone Status [Fixed List]

Yellow

^[2],[6],[7]

510176618

^[2],[6],[7]

001

^{[2],[3],[6],[7]}

^{[1],[2],[6],[7]}

$ 1

$ 0

Multiemployer Plans, Period Contributions, Significance of Contributions [true false]

true

NJ Carpenters Pension Fund [Member]

Multiemployer Plans, Certified Zone Status [Fixed List]

Yellow

226174423

001

^[3]

Implemented

^[1]

$ 0

Painters IUPAT [Member]

Multiemployer Plans, Certified Zone Status [Fixed List]

Yellow

526073909

001

^[3]

Implemented

^[1]

$ 1

Multiemployer Plan, Individually Insignificant Multiemployer Plans [Member]

^[1]

$ 2

$ 1

$ 2

[1]	Comparability to periods prior to the Effective Date are impacted by the consolidation of CEOC LLC in 2017.
[2]	Employer provided more than 5% of the total contributions for the plan years ended 2017 and 2016. As of the date the financial statements were issued, Forms 5500 were not available for the 2018 plan year.
[3]	Indicates plans for which a financial improvement plan (“FIP”) or a rehabilitation plan (“RP”) is either pending or has been implemented.
[4]	Effective January 1, 2018, the Legacy Plan of the National Retirement Fund (“NRF”) spun-off a portion of the plan into the newly created Legacy Plan of the UNITE HERE Retirement Fund (“HERE Plan”). CEC contributes to the HERE Plan and we expect to provide more than 5% of the total contributions for the plan year ended 2018, but the Form 5500 is not yet available. CEC no longer contributes to the NRF.
[5]	Plan years begin February 1.
[6]	Plan years begin July 1.
[7]	The Plan has yet to provide an FIP. FIP status is not considered pending or implemented.

Employee Benefit Plans - Additional Information (Details) - USD ($)	3 Months Ended	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Defined Benefit Plan Disclosure [Line Items]
Deferred Compensation Liability, Current		$ 0
Increase (Decrease) in Accrued Liabilities		(101,000,000)	$ 15,000,000	$ 87,000,000
Deferred Compensation Liability, Classified, Noncurrent	$ 63,000,000	$ 53,000,000	63,000,000
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay		6.00%
Defined Contribution Plan, Expected Future Employer Contributions, Next Fiscal Year, Description		During 2018, the company match was the greater of 25% up to 6% of earnings that the individual elected to contribute with no cap or 50% up to 6% of eligible earnings that the individual elected to contribute with an individual cap of $600. Beginning January 1, 2019, the match increases to 50% up to 6% of eligible earnings that the individual elects to contribute with no individual cap (subject to further limitations for certain higher-salaried employees)
Payment for Pension Benefits		$ 5,000,000
Defined Benefit Plan, Plan Assets, Contributions by Employer		6,000,000
Trust for Benefit of Employees [Member]
Defined Benefit Plan Disclosure [Line Items]
Assets Held-in-trust, Noncurrent	125,000,000	$ 99,000,000	125,000,000
Deferred Compensation Arrangement with Individual, by Type of Compensation, Pension and Other Postretirement Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Contribution Plan, Maximum Annual Contribution Per Employee, Percent		50.00%
Employer annual cap per participant		$ 600
Contribution expense		14,000,000	7,000,000	$ 6,000,000
Foreign Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Benefit Obligation, Actuarial Gain (Loss)		19,000,000	1,000,000
Defined Benefit Plan, Plan Assets, Amount	212,000,000	180,000,000	212,000,000
Defined Benefit Plan, Benefit Obligation	278,000,000	217,000,000	278,000,000
Defined Benefit Plan, Funded (Unfunded) Status of Plan	66,000,000	$ 37,000,000	66,000,000
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Rate of Return on Plan Assets		4.90%
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate		2.90%
Hilton Matter [Member] \| Settled Litigation [Member] \| Caesars Entertainment Operating Company [Member]
Defined Benefit Plan Disclosure [Line Items]
Increase (Decrease) in Accrued Liabilities	5,000,000	$ 5,000,000
Loss Contingency, Receivable, Proceeds	12,000,000
Liabilities, Other than Long-term Debt, Noncurrent	$ 7,000,000	$ 2,000,000	$ 7,000,000
Noncash or Part Noncash Acquisition, Employee Benefit Liabilities Assumed	31.75%		31.75%
Southern Nevada Culinary and Bartenders Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Multiemployer Plans, Period Contributions, Significance of Contributions [true false]			true	true
Legacy Plan of the National Retirement Fund [Member]
Defined Benefit Plan Disclosure [Line Items]
Multiemployer Plans, Period Contributions, Significance of Contributions [true false]			true	true
Local 68 Engineers Union Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Multiemployer Plans, Period Contributions, Significance of Contributions [true false]			true	true

Income Taxes - Components of Income/(Loss) Before Income Taxes (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Components of Income/(Loss) Before Income Taxes [Line Items]
Income/(loss) from continuing operations before income taxes	$ 183	$ (2,370)	$ (6,131)
United States [Member]
Components of Income/(Loss) Before Income Taxes [Line Items]
Income/(loss) from continuing operations before income taxes	205	(2,374)	(6,129)
Outside of the U.S. [Member]
Components of Income/(Loss) Before Income Taxes [Line Items]
Income/(loss) from continuing operations before income taxes	$ (22)	$ 4	$ (2)

Income Taxes - Income Tax Benefit/(Provision) (Details) - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2018

Dec. 31, 2017

Dec. 31, 2016

Current - Ouside of the U.S.

Current - Federal

$ (9)

$ 148

$ (381)

Current - State

(1)

(7)

(3)

Deferred - Federal

170

1,835

Deferred - State

(39)

(9)

(4)

Deferred - Ouside of the U.S.

Income tax benefit/(provision) applicable to:

^[1],[2]

$ 121

$ 1,995

$ (327)

[1]	(1) Taxes are recorded at the consolidated level and not estimated or recorded to our Las Vegas and Other U.S. segments.
[2]	(1) Taxes are recorded at the consolidated level and not estimated or recorded to our Las Vegas and Other U.S. segments.

Income Taxes - Allocation of Income Tax Benefit/(Provision) (Details) - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2018

Dec. 31, 2017

Dec. 31, 2016

Income/(loss) from continuing operations

^[1],[2]

$ 121

$ 1,995

$ (327)

Discontinued operations

(730)

Other comprehensive income

$ 3

$ 0

[1]	(1) Taxes are recorded at the consolidated level and not estimated or recorded to our Las Vegas and Other U.S. segments.
[2]	(1) Taxes are recorded at the consolidated level and not estimated or recorded to our Las Vegas and Other U.S. segments.

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Income Taxes - Effective Income Tax Rate Reconciliation (Details)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Statutory tax rate	21.00%	35.00%	35.00%
State taxes, net of federal tax benefit	4.00%	5.20%	0.10%
Valuation allowance	(70.40%)	(17.10%)	(22.90%)
Foreign income taxes	2.30%	(0.10%)	0.00%
Deferred tax benefit from changes in federal tax law	(44.70%)	52.10%	0.00%
Stock-based compensation	4.70%	(0.20%)	(0.80%)
Acquisition of CEOC	0.00%	36.70%	0.00%
Reserves for uncertain tax positions	4.40%	(4.60%)	(0.10%)
Current tax benefit from change in CGP operating agreement	0.00%	2.40%	0.00%
Impairment of goodwill	4.70%	0.00%	0.00%
Nondeductible transaction costs	6.60%	(25.00%)	(16.80%)
Other	1.30%	(0.20%)	0.20%
Effective tax rate	(66.10%)	84.20%	(5.30%)

Income Taxes - Temporary Differences resulting in Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2018	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Deferred Tax Assets, Investments	$ 5	$ 0
State net operating losses	420	426
Federal net operating loss	485	553
Foreign net operating loss	16	17
Compensation programs	81	97
Allowance for doubtful accounts	41	50
Self-insurance reserves	10	10
Accrued expenses	45	43
Federal tax credits	70	58
Financing obligations	2,445	2,319
Golf course properties’ obligation	35	30
Other debt-related items	0	78
Deferred revenue	42	46
Leases	66	36
Other	0	14
Subtotal	3,761	3,777
Less: valuation allowance	1,302	1,513
Total deferred tax assets	2,459	2,264
Depreciation and other property-related items	2,567	2,576
Other debt-related items	95	0
Intangibles	496	221
Prepaid expenses	20	24
Other	1	18
Total deferred tax liabilities	3,179	2,839
Net deferred tax liability	$ 720	$ 575

Income Taxes - Reconciliation of Unrecognized Tax Benefits (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Unrecognized Tax Benefits [Roll Forward]
Beginning Balance	$ 162	$ 115	$ 3
Additions based on tax positions related to the current year	0	113	113
Additions for tax positions of prior years	13	1	0
Reductions for tax positions for prior years	(5)	(92)	(1)
Acquisition of OpCo	0	67	0
Settlements		1	0	$ 0
Effect of changes in federal tax law	0	(42)	0
Ending Balance	$ 169	$ 162	$ 115	$ 3

Income Taxes - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Income Tax And Carryforwards [Line Items]
Income Tax Expense (Benefit), Continuing Operations, Adjustment of Deferred Tax (Asset) Liability	$ (82)	$ (1,200)
Deferred Other Tax Expense (Benefit)	(710)	(797)
Excess over tax basis	38
Interest and penalties accrued for unrecognized tax benefits, current period	2	2	$ 3
Interest and penalties accrued for unrecognized tax benefits, total	8	5	3
Unrecognized tax benefits that would impact the effective tax rate	145	78	$ 17
General Business Tax Credit Carryforward [Member]
Income Tax And Carryforwards [Line Items]
Operating loss carryforward, amount to expire	72
Federal [Member]
Income Tax And Carryforwards [Line Items]
Income Tax Expense (Benefit), Continuing Operations, Adjustment of Deferred Tax (Asset) Liability	(569)	(442)
Operating loss carryforward	2,600	2,900
State [Member]
Income Tax And Carryforwards [Line Items]
Income Tax Expense (Benefit), Continuing Operations, Adjustment of Deferred Tax (Asset) Liability	(42)
Operating loss carryforward	9,000	8,900
Foreign Tax Authority [Member]
Income Tax And Carryforwards [Line Items]
Operating loss carryforward	$ 91	$ 95

Discontinued Operations - Effect on Statements of Operations of Discontinued Operations (Detail) - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2018

Dec. 31, 2017

Dec. 31, 2016

Discontinued Operations [Member] | Social and Mobile Games [Member]

$ 79

$ 43

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Discontinued Operations, Disposed of by Sale [Member] | Discontinued Operations [Member] | Social and Mobile Games [Member]

264

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Gain from discontinued operations

678

Operating expenses

^[1]

748

4,180

Pre-tax income/(loss) from operations

4,110

Income/(loss), net of income taxes

$ 3,380

[1]	(1) Operating expenses primarily consist of platform fees and property, general, administrative, and other expenses, including stock-based compensation expense directly identifiable with employees of the SMG Business of $264 million

Discontinued Operations - Additional Information (Detail) - Discontinued Operations, Disposed of by Sale [Member] - Social and Mobile Games [Member] - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2017	Dec. 31, 2016	Sep. 30, 2016
Caesars Interactive Entertainment [Member]
Line Items
Disposal Group, Including Discontinued Operation, Consideration			$ 4,400
Gain from discontinued operations		$ 4,200
Payments of Distributions to Affiliates	$ 63	1,100
Caesars Acquisition Company [Member]
Line Items
Escrow Deposit		$ 259

Related Party Transactions Related Party Transactions Table (Details) - USD ($) $ in Millions		12 Months Ended
	Oct. 06, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Affiliated Entity [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Expenses from Transactions with Related Party		$ 0	$ 3	$ 2
Hamlet Holdings LLC [Member] \| Majority Shareholder [Member] \| Reimbursement to Counterparty [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Expenses from Transactions with Related Party	$ 34	0	34	6
Horseshoe Casino Baltimore [Member] \| Equity Method Investee [Member] \| Reimbursement to Counterparty [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Expenses from Transactions with Related Party		5	16	0
Horseshoe Casino Baltimore [Member] \| Equity Method Investee [Member] \| Management Fees [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Expenses from Transactions with Related Party		10	3	0
CEOC LLC [Member] \| Affiliated Entity [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Expenses from Transactions with Related Party		0	9	14
CEOC LLC [Member] \| Affiliated Entity [Member] \| Management Fees [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Expenses from Transactions with Related Party		0	33	45
CEOC LLC [Member] \| Affiliated Entity [Member] \| Shared Services Allocation to Related Party [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Amounts of Transaction		0	312	368
CEOC LLC [Member] \| Affiliated Entity [Member] \| Shared Services Allocation from Related Party [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Expenses from Transactions with Related Party		0	71	148
CEOC LLC [Member] \| Affiliated Entity [Member] \| Lease Agreements [Member]
Related Party Transaction [Line Items]
Revenue from Related Parties		$ 0	$ 26	$ 35

Related Party Transactions - Additional Information (Detail) - USD ($) $ in Millions		12 Months Ended
	Oct. 06, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Related Party Transaction [Line Items]
Operating Leases, Future Minimum Payments Due, Next Twelve Months		$ 82
Due from affiliates, net		6	$ 11
Affiliated Entity [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Expenses from Transactions with Related Party		0	3	$ 2
Hamlet Holdings LLC [Member] \| Majority Shareholder [Member] \| Reimbursement to Counterparty [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Expenses from Transactions with Related Party	$ 34	0	34	6
CEOC LLC [Member] \| Affiliated Entity [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Expenses from Transactions with Related Party		0	$ 9	$ 14
CEOC LLC [Member] \| Affiliated Entity [Member] \| Lease Agreements [Member]
Related Party Transaction [Line Items]
Operating Leases, Future Minimum Payments Due, Next Twelve Months		$ 2
Horseshoe Casino Baltimore [Member]
Related Party Transaction [Line Items]
Equity Method Investment, Ownership Percentage		41.00%
Caesars Interactive Entertainment [Member] \| CEOC LLC [Member] \| Affiliated Entity [Member] \| Cross Marketing and Trademark License Agreement [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Rate		3.00%

Segment Reporting - Condensed Statement of Operations (Details) - USD ($)
$ in Millions

3 Months Ended

12 Months Ended

Dec. 31, 2018

Sep. 30, 2018

Jun. 30, 2018

Mar. 31, 2018

Dec. 31, 2017

Sep. 30, 2017

Jun. 30, 2017

Mar. 31, 2017

Dec. 31, 2018

Dec. 31, 2017

Dec. 31, 2016

Revenue from Contract with Customer, Including Assessed Tax

$ 2,115

$ 2,185

$ 2,119

$ 1,972

$ 1,901

$ 993

$ 1,008

$ 966

$ 8,391

$ 4,868

$ 3,877

1,145

626

439

$ 100

$ 232

$ 282

$ 125

$ 154

$ 84

$ 149

$ 150

739

537

226

(1,346)

(773)

(599)

(2,028)

(5,729)

(1)

(232)

791

^[1]

(29)

^[2],[3]

121

1,995

(327)

Revenue from Contract with Customer, Including Assessed Tax

598

215

(411)

(211)

(463)

(463)

(555)

(548)

(1,851)

(5,729)

(1)

(215)

786

^[1]

(29)

Operating Segments [Member] | Las Vegas, NV [Member]

^[2],[3]

121

1,993

(328)

Revenue from Contract with Customer, Including Assessed Tax

3,753

2,902

2,613

582

420

344

716

549

526

(327)

(65)

(21)

(4)

^[1]

^[2],[3]

Revenue from Contract with Customer, Including Assessed Tax

4,047

1,758

1,209

501

186

434

199

163

(556)

(153)

(30)

(177)

(13)

^[1]

^[2],[3]

Revenue from Contract with Customer, Including Assessed Tax

(7)

^[1]

^[2],[3]

Revenue from Contract with Customer, Including Assessed Tax

4,247

2,168

1,608

Casino [Member] | Corporate and Other [Member]

Revenue from Contract with Customer, Including Assessed Tax

254

116

Casino [Member] | Operating Segments [Member] | Las Vegas, NV [Member]

Revenue from Contract with Customer, Including Assessed Tax

1,104

864

765

Casino [Member] | Operating Segments [Member] | Other U.S. [Member]

Revenue from Contract with Customer, Including Assessed Tax

2,889

1,188

802

Casino [Member] | Intersegment Eliminations [Member]

Revenue from Contract with Customer, Including Assessed Tax

Revenue from Contract with Customer, Including Assessed Tax

1,574

982

822

Food and Beverage [Member] | Corporate and Other [Member]

Revenue from Contract with Customer, Including Assessed Tax

Food and Beverage [Member] | Operating Segments [Member] | Las Vegas, NV [Member]

Revenue from Contract with Customer, Including Assessed Tax

975

700

630

Food and Beverage [Member] | Operating Segments [Member] | Other U.S. [Member]

Revenue from Contract with Customer, Including Assessed Tax

571

274

190

Food and Beverage [Member] | Intersegment Eliminations [Member]

Revenue from Contract with Customer, Including Assessed Tax

Revenue from Contract with Customer, Including Assessed Tax

1,519

1,074

950

Occupancy [Member] | Corporate and Other [Member]

Revenue from Contract with Customer, Including Assessed Tax

Occupancy [Member] | Operating Segments [Member] | Las Vegas, NV [Member]

Revenue from Contract with Customer, Including Assessed Tax

1,117

872

800

Occupancy [Member] | Operating Segments [Member] | Other U.S. [Member]

Revenue from Contract with Customer, Including Assessed Tax

399

201

150

Occupancy [Member] | Intersegment Eliminations [Member]

Revenue from Contract with Customer, Including Assessed Tax

Revenue from Contract with Customer, Including Assessed Tax

License and Service [Member] | Corporate and Other [Member]

Revenue from Contract with Customer, Including Assessed Tax

License and Service [Member] | Operating Segments [Member] | Las Vegas, NV [Member]

Revenue from Contract with Customer, Including Assessed Tax

License and Service [Member] | Operating Segments [Member] | Other U.S. [Member]

Revenue from Contract with Customer, Including Assessed Tax

License and Service [Member] | Intersegment Eliminations [Member]

Revenue from Contract with Customer, Including Assessed Tax

(3)

Revenue from Contract with Customer, Including Assessed Tax

202

Service, Other [Member] | Corporate and Other [Member]

Revenue from Contract with Customer, Including Assessed Tax

200

Service, Other [Member] | Operating Segments [Member] | Las Vegas, NV [Member]

Revenue from Contract with Customer, Including Assessed Tax

Service, Other [Member] | Operating Segments [Member] | Other U.S. [Member]

Revenue from Contract with Customer, Including Assessed Tax

Service, Other [Member] | Intersegment Eliminations [Member]

Revenue from Contract with Customer, Including Assessed Tax

Entertainment [Member]

Revenue from Contract with Customer, Including Assessed Tax

628

405

319

Entertainment [Member] | Corporate and Other [Member]

Revenue from Contract with Customer, Including Assessed Tax

Entertainment [Member] | Operating Segments [Member] | Las Vegas, NV [Member]

Revenue from Contract with Customer, Including Assessed Tax

411

300

257

Entertainment [Member] | Operating Segments [Member] | Other U.S. [Member]

Revenue from Contract with Customer, Including Assessed Tax

175

Entertainment [Member] | Intersegment Eliminations [Member]

Revenue from Contract with Customer, Including Assessed Tax

(3)

Revenue from Contract with Customer, Including Assessed Tax

789

584

497

Product and Service, Other [Member] | Corporate and Other [Member]

161

179

178

Product and Service, Other [Member] | Operating Segments [Member] | Las Vegas, NV [Member]

Product and Service, Other [Member] | Operating Segments [Member] | Other U.S. [Member]

146

165

161

Product and Service, Other [Member] | Intersegment Eliminations [Member]

Accounting Standards Update 2014-09 [Member]

(1)

Revenue from Contract with Customer, Including Assessed Tax

8,230

4,689

3,699

Accounting Standards Update 2014-09 [Member] | Corporate and Other [Member]

Revenue from Contract with Customer, Including Assessed Tax

593

210

Accounting Standards Update 2014-09 [Member] | Operating Segments [Member] | Las Vegas, NV [Member]

Revenue from Contract with Customer, Including Assessed Tax

3,607

2,737

2,452

Accounting Standards Update 2014-09 [Member] | Operating Segments [Member] | Other U.S. [Member]

Revenue from Contract with Customer, Including Assessed Tax

4,036

1,748

1,197

Accounting Standards Update 2014-09 [Member] | Intersegment Eliminations [Member]

Revenue from Contract with Customer, Including Assessed Tax

$ (6)

$ 0

[1]	(2) Amounts include changes in fair value of the derivative liability related to the conversion option of the CEC Convertible Notes and the disputed claims liability as well as interest and dividend income.
[2]	(1) Taxes are recorded at the consolidated level and not estimated or recorded to our Las Vegas and Other U.S. segments.
[3]	(1) Taxes are recorded at the consolidated level and not estimated or recorded to our Las Vegas and Other U.S. segments.

Segment Reporting - Adjusted EBITDA (Details) - USD ($)
$ in Millions

3 Months Ended

12 Months Ended

Dec. 31, 2018

Sep. 30, 2018

Jun. 30, 2018

Mar. 31, 2018

Dec. 31, 2017

Sep. 30, 2017

Jun. 30, 2017

Mar. 31, 2017

Dec. 31, 2018

Dec. 31, 2017

Dec. 31, 2016

Net income/(loss) attributable to noncontrolling interests

$ 198

$ 110

$ 29

$ (34)

$ 2,004

$ (433)

$ (1,432)

$ (507)

$ 303

$ (368)

$ (3,049)

(7)

(29)

(3,380)

^[1],[2]

(121)

(1,995)

327

(31)

2,028

5,729

232

(791)

^[3]

(95)

^[3]

1,346

773

599

1,145

626

439

155

^[3]

^[4]

112

^[4]

^[5]

2,308

1,361

1,069

189

Net income/(loss) attributable to noncontrolling interests

(749)

(3,684)

(1)

(33)

(3,380)

^[1],[2]

(121)

(1,993)

328

1,851

5,729

215

(786)

^[3]

(90)

^[3]

463

555

548

^[3]

^[4]

103

^[4]

^[5]

Corporate and Other [Member] | Caesars Interactive Entertainment [Member]

(68)

(44)

(71)

Operating Segments [Member] | Las Vegas, NV [Member]

189

Net income/(loss) attributable to noncontrolling interests

392

484

506

^[1],[2]

(1)

(3)

^[3]

(4)

^[3]

327

582

420

344

^[3]

^[4]

^[4]

^[5]

Operating Segments [Member] | Las Vegas, NV [Member] | Caesars Interactive Entertainment [Member]

1,362

1,007

881

Net income/(loss) attributable to noncontrolling interests

(122)

(103)

129

(7)

^[1],[2]

(2)

(31)

177

(2)

^[3]

(1)

^[3]

556

153

501

186

^[3]

^[4]

^[4]

^[5]

Operating Segments [Member] | Other U.S. [Member] | Caesars Interactive Entertainment [Member]

1,014

398

259

Net income/(loss) attributable to noncontrolling interests

^[1],[2]

^[3]

^[3]

^[4]

^[4]

^[5]

Intersegment Eliminations [Member] | Caesars Interactive Entertainment [Member]

$ 0

$ 0

[1]	(1) Taxes are recorded at the consolidated level and not estimated or recorded to our Las Vegas and Other U.S. segments.
[2]	(1) Taxes are recorded at the consolidated level and not estimated or recorded to our Las Vegas and Other U.S. segments.
[3]	(2) Amounts include changes in fair value of the derivative liability related to the conversion option of the CEC Convertible Notes and the disputed claims liability as well as interest and dividend income.
[4]	(3) Amounts primarily represent costs incurred in connection with development activities and reorganization activities, and/or recoveries associated with such items, including acquisition and integration costs, contract exit fees including exiting the fully bundled sales system of NV Energy for electric service at our Nevada properties, lease termination costs, gains and losses on asset sales, weather related property closure costs, demolition costs primarily at our Las Vegas properties for renovations, and project opening costs.
[5]	(4) Amounts include other add-backs and deductions to arrive at Adjusted EBITDA but not separately identified such as professional and consulting services, sign-on and retention bonuses, business optimization expenses for IT transformation, severance and relocation costs, litigation awards and settlements, permit remediation costs, and costs associated with CEOC’s restructuring and related litigation.

Segment Reporting - Condensed Balance Sheet (Details) - USD ($) $ in Millions	Dec. 31, 2018	Dec. 31, 2017
Segment Reporting Information [Line Items]
Total assets	$ 25,775	$ 25,436
Total liabilities	22,437	22,139
Corporate and Other [Member]
Segment Reporting Information [Line Items]
Total assets	6,046	7,458
Total liabilities	11,267	11,780
Operating Segments [Member] \| Las Vegas, NV [Member]
Segment Reporting Information [Line Items]
Total assets	13,987	14,145
Total liabilities	5,730	5,239
Operating Segments [Member] \| Other U.S. [Member]
Segment Reporting Information [Line Items]
Total assets	8,565	6,865
Total liabilities	5,143	5,012
Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Total assets	(2,823)	(3,032)
Total liabilities	$ 297	$ 108

Segment Reporting - Additional Information (Details)	12 Months Ended
Segment Reporting - Additional Information (Details)	Dec. 31, 2018 reportable_segment
Number of Reportable Segments	3
Horseshoe Casino Baltimore [Member]
Equity Method Investment, Ownership Percentage	41.00%

Quarterly Results of Operations - Unaudited (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]
Revenue from Contract with Customer, Including Assessed Tax	$ 2,115	$ 2,185	$ 2,119	$ 1,972	$ 1,901	$ 993	$ 1,008	$ 966	$ 8,391	$ 4,868	$ 3,877
Income from operations	100	232	282	125	154	84	149	150	739	537	226
Net income/(loss)	198	111	29	(34)	2,004	(439)	(1,432)	(508)	304	(375)	(3,078)
Net income/(loss) attributable to Caesars	$ 198	$ 110	$ 29	$ (34)	$ 2,004	$ (433)	$ (1,432)	$ (507)	$ 303	$ (368)	$ (3,049)
Basic earnings/(loss) per share	$ 0.29	$ 0.16	$ 0.04	$ (0.05)	$ 3.01	$ (2.90)	$ (9.62)	$ (3.44)	$ 0.44	$ (1.32)	$ (20.85)
Diluted earnings/(loss) per share	$ 0.25	$ 0.14	$ 0.04	$ (0.05)	$ 2.48	$ (2.90)	$ (9.62)	$ (3.44)	$ 0.41	$ (1.32)	$ (20.85)

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

Condensed Financial Statements, Captions [Line Items]

Quarterly Results of Operations - Unaudited Quarterly Results of Operations - Additional Information (Details) - shares shares in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Weighted Average Number of Shares Outstanding, Diluted		841,000	279,000	146,000
Convertible Debt Securities
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Weighted Average Number of Shares Outstanding, Diluted	36,000

Schedule I - CONDENSED BALANCE SHEETS (Details) - USD ($) $ in Millions	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Assets
Cash and cash equivalents	$ 1,491	$ 2,558
Receivables, net	457	494	$ 167
Prepayments and other current assets	155	239
Total current assets	2,265	3,457
Deferred Tax Assets, Net, Noncurrent	10	2
Total assets	25,775	25,436
Liabilities and Stockholders’ Equity
Accounts payable	399	318
Accrued expenses and other current liabilities	1,217	1,326
Interest payable	56	38
Total current liabilities	2,000	1,884
Long-term debt	8,801	8,849
Deferred income taxes	730	577
Total liabilities	22,437	22,139
Total liabilities and stockholders’ equity	25,775	25,436
Parent Company [Member]
Assets
Cash and cash equivalents	457	926
Receivables, net	21	33
Prepayments and other current assets	5	5
Intercompany receivables	20	33
Total current assets	503	997
Deferred charges and other assets	128	147
Investment in subsidiary	4,199	4,434
Total assets	4,830	5,578
Liabilities and Stockholders’ Equity
Accounts payable	1	5
Accrued expenses and other current liabilities	7	13
Interest payable	14	13
Intercompany payables	20	64
Total current liabilities	42	95
Long-term debt	1,119	1,121
Deferred credits and other	419	1,136
Total liabilities	1,580	2,352
Total stockholders’ equity	3,250	3,226
Total liabilities and stockholders’ equity	$ 4,830	$ 5,578

Schedule I - CONDENSED STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME/(LOSS) (Details) - USD ($)
$ in Millions

3 Months Ended

12 Months Ended

Dec. 31, 2018

Sep. 30, 2018

Jun. 30, 2018

Mar. 31, 2018

Dec. 31, 2017

Sep. 30, 2017

Jun. 30, 2017

Mar. 31, 2017

Dec. 31, 2018

Dec. 31, 2017

Dec. 31, 2016

$ 2,115

$ 2,185

$ 2,119

$ 1,972

$ 1,901

$ 993

$ 1,008

$ 966

$ 8,391

$ 4,868

$ 3,877

332

202

194

155

^[1]

^[2]

7,652

4,331

3,651

$ 100

$ 232

$ 282

$ 125

$ 154

$ 84

$ 149

$ 150

739

537

226

(1,346)

(773)

(599)

2,028

5,729

Income/(loss) from continuing operations before income taxes

791

^[1]

(29)

183

(2,370)

(6,131)

^[3],[4]

121

1,995

(327)

304

(375)

(6,458)

(34)

(2)

Condensed Financial Statements, Captions [Line Items]

273

(362)

(3,051)

Parent Company [Member]

123

112

181

(41)

(110)

(179)

Gain on interests in subsidiaries

(55)

(18)

(5)

(316)

776

2,933

1,842

5,729

Income/(loss) from continuing operations before income taxes

726

(30)

314

(1,109)

(3,010)

(11)

741

(39)

303

(368)

(3,049)

AOCI Attributable to Parent [Member] | Parent Company [Member]

273

(362)

(3,051)