Item 8.01 Other Events

Final Settlement of Tender Offer

On October 8, 2021, Caesars Entertainment, Inc. (the "Company") announced the expiration and results as of 12:00 a.m., New York City time, on October 7, 2021 (the "Expiration Time") of the previously announced cash tender offer (the "Tender Offer") of the 5.250% senior notes due 2025 (the "CRC Notes") issued by the Company's subsidiaries, CRC Escrow Issuer, LLC ("CRC") and CRC Finco, Inc. ("CRC Finco" and together with CRC, collectively, the "CRC Notes Issuers") that commenced on September 10, 2021 on the terms and subject to the conditions set forth in the CRC Notes Issuers' Offer to Purchase dated September 10, 2021 and the accompanying Letter of Transmittal dated September 10, 2021.

As previously reported, on September 23, 2021 (the "Early Tender Time"), $889,277,000 in aggregate principal amount of the CRC Notes had been validly tendered and not validly withdrawn. Holders of CRC Notes validly tendered at or prior to the Early Tender Time, not validly withdrawn and accepted for purchase in accordance with the terms of the Tender Offer received on September 24, 2021 (the "Early Settlement Date"), for each $1,000 principal amount of such CRC Notes, the "Total Consideration" of $1,015.00, which included an "Early Tender Premium" of $30.00. In addition to the Total Consideration, such holders also received, in respect of such CRC Notes, accrued and unpaid interest from the last interest payment date for the CRC Notes to, but not including, September 24, 2021.

Following the Early Tender Time and as of the Expiration Time, $4,000 in aggregate principal amount of the CRC Notes had been validly tendered and not validly withdrawn. Holders of CRC Notes validly tendered after the Early Tender Time, at or prior to the Expiration Time, not validly withdrawn and accepted for purchase in accordance with the terms of the Tender Offer received on October 8, 2021 (the "Final Settlement Date"), for each $1,000 principal amount of such CRC Notes, the "Late Tender Offer Consideration" of $985.00, which did not include the Early Tender Premium. In addition to the Late Tender Offer Consideration, such holders also received, in respect of such CRC Notes, accrued and unpaid interest from the last interest payment date for the CRC Notes to, but not including, October 8, 2021.

The Tender Offer expired at the Expiration Time and was not extended. This Current Report on Form 8-K is neither an offer to purchase nor the solicitation of an offer to sell any CRC Notes.

Following the Final Settlement Date, $810,719,000 aggregate principal amount of the CRC Notes remained outstanding. As previously reported, following the Early Settlement Date the CRC Notes Issuers issued a notice to redeem, on October 15, 2021 (the "Redemption Date"), all of the CRC Notes that have not previously been called for redemption in connection with the redemption of $500 million of the CRC Notes on October 15, 2021 at a redemption price of 101.313% of the principal amount of the CRC Notes plus accrued and unpaid interest (if any) pursuant to the unconditional notice of partial redemption delivered by the CRC Notes Issuers on September 9, 2021 or validly tendered and accepted for purchase in the Tender Offer at the redemption price, expressed as a percentage of principal amount, of 101.313%, plus accrued and unpaid interest thereon to, but not including, the Redemption Date.

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