March 27, 2017 7:37 PM ET

Hotels, Restaurants and Leisure

Company Overview of Caesars Korea Holding Company, LLC

Company Overview

Caesars Korea Holding Company, LLC owns, operates, develops, and, manages casino-entertainment properties. The company was incorporated in 2012 and is based in the United States. Caesars Korea Holding Company, LLC operates as a subsidiary of Caesars Entertainment Corporation.

,  

United States

Founded in 2012

Key Executives for Caesars Korea Holding Company, LLC

Caesars Korea Holding Company, LLC does not have any Key Executives recorded.

Caesars Korea Holding Company, LLC Key Developments

R&F Properties (HK) Company Limited Enters into Joint Venture Agreement with Caesars Korea Holding Company, LLC

On 5 December 2016, R&F Properties (HK) Company Limited (R&F(HK)), entered into the agreement with Caesars Korea Holding Company, LLC in relation to the formation of a joint venture (JV Company) to develop, own and operate an integrated resort in Asia to be located within Yeongjong Island, Incheon, the Republic of Korea (Integrated Resort). Upon completion of the initial closing, each of R&F (HK) and Caesars will have a 50% interest in the JV Company which will in turn acquire the Project Company for the development, construction and operation of the Integrated Resort. The agreement contemplates an initial equity contribution by each of R&F (HK) and Caesars to the JV Company in the amount of USD 30,500,000 (in cash or other property), subject to the fulfillment of certain conditions. Upon completion of the initial closing, each of R&F (HK) and Caesars will hold a 50% interest in the JV Company, and the JV Company will in turn acquire the Project Company from its current shareholders which are third parties not connected with the company. The agreement contemplates potential further equity contributions by each of R&F (HK) and Caesars in the amount of up to USD 110,000,000 in cash. These further equity contributions would be made in four tranches. Each tranche would be subject to further conditions, including certain necessary changes in the gaming licensing laws regarding credit rating requirements of the parties and the parties' reaching mutual agreement on certain governance terms and the terms under which R&F (HK) and Caesars or their respective related entities would provide certain services to the Project Company.

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