New York, February 04, 2013 -- Moody's Investors Service commented that Caesars Entertainment Corporation's ("Caesars") announcement that its wholly owned subsidiary, Caesars Operating Escrow LLC and Caesars Escrow Corporation (to be assumed by Caesars Entertainment Operating Company, Inc. (CEOC)) proposes a $1.5 billion add-on to its existing 9% senior secured notes due 2020 is a credit positive as it will contribute favorably to the company's longer-term liquidity profile. However, there is no impact to Caesars' ratings.

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