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PostPosted: June 7th, 2011, 10:52 am 
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Margaritaville and Flamingo Announce Plans to Open "Margaritaville Casino at the Flamingo" -- Fall 2011

It's not just a casino, it's a "State of Mind"

LAS VEGAS, NV--(Marketwire - Jun 7, 2011) - Margaritaville and The Flamingo Las Vegas are bringing to the city a gaming experience unlike anything else with the opening this Fall of the "Margaritaville Casino at the Flamingo", a new and exciting gaming space. This is the first casino gaming space to bear the well-known and respected Margaritaville name. Jimmy Buffett's Margaritaville restaurant has been a dynamic addition to the Las Vegas Strip experience since its 2004 opening at the famed center Strip resort.

At the "Margaritaville Casino at the Flamingo", guests will feel the energy of the Las Vegas Strip while enjoying the laid-back vibe of the islands. Adjoining the restaurant and directly accessible from the Strip sidewalk, the "Margaritaville Casino at the Flamingo" will include 15,000-square-feet and offer 22 gaming tables, 220 slot machines and the centerpiece 5 O'Clock Somewhere Bar.

The "Margaritaville Casino at the Flamingo" gaming activities will operate under the Flamingo's gaming license. They will be a perfect complement to Jimmy Buffett's Margaritaville restaurant, currently one of the most popular spots on the Las Vegas Strip and one of the busiest in the United States. Visitors, residents, Parrotheads and anyone who has ever dreamed of escaping to the tropics and sipping a margarita will enjoy being immersed in the total Margaritaville experience.

"Building on the many years of success the Flamingo resort and Margaritaville restaurant have had together, we are looking forward to expanding the guest experience with the new 'Margaritaville Casino at the Flamingo'," said Rick Mazer, Regional President of five Caesars Entertainment resort destinations in Las Vegas. "With this new addition, visitors from around the world will have the opportunity to continue the fun and enjoy the escapist lifestyle evoked by Jimmy Buffett's music."

About Jimmy Buffett's Margaritaville:
The atmosphere is inspired by the lyrics and lifestyle of Jimmy Buffett, whose evocative songs inspire a cross-generational yearning for an island adventure. Comprised of retail shops, restaurants, consumer products, hotels and even a national radio station on Sirius/XM, Margaritaville delivers a tropical experience where guests can enjoy the sights, sounds and tastes of their favorite destination regardless of their current latitude.

Since launching its first location in Key West, Margaritaville has expanded to some of the most popular U.S. destinations, including: New Orleans, Orlando, Las Vegas, Myrtle Beach, Panama City Beach, Glendale, Mohegan Sun Casino, Nashville and Jimmy Buffett's at The Beachcomber in Honolulu, Hawaii. International locations can be found in Jamaica, Mexico, Grand Turk, Grand Cayman, the Republic of Panama and Canada. The Margaritaville Beach Hotel in Pensacola Beach, Florida opened July 2010. Coming soon are locations in San Juan, Puerto Rico and Chicago's Navy Pier. Visit www.margaritaville.com for more information.
Find Margaritaville on Facebook - www.facebook.com/margaritaville

About Flamingo Las Vegas:
Located in the heart of the Las Vegas Strip, the Flamingo Las Vegas is a true desert oasis. The center Strip resort features more than 3,500 guest rooms, including the newly renovated and award-winning, Flamingo GO Rooms. The historic hotel-casino is home to a sprawling 15-acre pool and wildlife habitat complete with waterfalls, mature island vegetation, tropical wildlife and three distinctive pools. Flamingo Las Vegas hosts a wide variety of entertainment and dining options. There is something for every palette with eateries such as Jimmy Buffett's Margaritaville, and Burger Joint. An all-star line-up of entertainers keeps things lively at the fabulous Flamingo. Brother-sister duo Donny & Marie dazzle audiences as the resort's headliners, and comedians George Wallace and Vinnie Favorito keep audiences laughing seven nights a week. Comedy-magician Nathan Burton entertains afternoon audiences and the late night show X Burlesque has the sexiest ladies on the Strip. The Flamingo Las Vegas is owned and operated by subsidiaries of Caesars Entertainment Corporation, the world's largest provider of branded casino entertainment.

No Resort Fees
Flamingo -- along with all Caesars Entertainment Las Vegas resorts, including Caesars Palace, Planet Hollywood Resort & Casino, Paris Las Vegas, Harrah's, Bally's, Rio All-Suite Hotel & Casino, Imperial Palace and Bill's Gamblin' Hall & Saloon -- proudly prohibits adding hidden resort fees to hotel guest room rates. For more information, visit www.flamingolasvegas.com. Find Flamingo Las Vegas on Facebook - www.facebook.com/flamingovegas and follow on Twitter - www.twitter.com/flamingovegas (@flamingovegas).

This release includes "forward-looking statements" intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. You can identify these statements by the fact that they do not relate strictly to historical or current facts. These statements contain words such as "may," "will," "project," "might," "expect," "believe," "anticipate," "intend," "could," "would," "estimate," "continue" or "pursue," or the negative or other variations thereof or comparable terminology. In particular, they include statements relating to, among other things, future actions, new projects, strategies, future performance, the outcomes of contingencies and future financial results of Caesars. These forward-looking statements are based on current expectations and projections about future events.

Investors are cautioned that forward-looking statements are not guarantees of future performance or results and involve risks and uncertainties that cannot be predicted or quantified and, consequently, the actual performance of Caesars may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, but are not limited to, the following factors, as well as other factors described from time to time in our reports filed with the Securities and Exchange Commission (including the sections entitled "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" contained therein):

receipt in a timely manner of all necessary governmental approvals permits, including licenses and approvals from applicable gaming authorities and permits and approvals associated with construction of the project;

the impact of the Company's significant indebtedness;

the effects of local and national economic, credit and capital market conditions on the economy in general, and on the gaming and hotel industries in particular;

construction factors, including delays, increased costs of labor and materials, availability of labor and materials, zoning issues, environmental restrictions, soil and water conditions, weather and other hazards, site access matters and building permit issues;

the effects of environmental and structural building conditions relating to our properties;

changes in laws, including increased tax rates, smoking bans, regulations or accounting standards, third-party relations and approvals, and decisions, disciplines and fines of courts, regulators and governmental bodies;

litigation outcomes and judicial and governmental body actions, including gaming legislative action, referenda, regulatory disciplinary actions and fines and taxation;

access to available and reasonable financing on a timely basis;

acts of war or terrorist incidents, severe weather conditions, political uprisings or natural disasters;

access to insurance on reasonable terms for our assets;

Any forward-looking statements are made pursuant to the Private Securities Litigation Reform Act of 1995 and, as such, speak only as of the date made. Caesars disclaims any obligation to update the forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date stated, or if no date is stated, as of the date of this press release.

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--PirateJohn--
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Full-time RV'er, motorcyclist, and wanderer.
Currently living in the tropical paradise of the Rio Grande Valley.

"Nuevo Progreso. This must be what Key West was like 40 years ago ... before the tourists ran all the locals away."


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