EX-10.1



 Exhibit 10.1 

AMENDMENT NO. 1 

AMENDMENT NO. 1 (this “Agreement”) dated as of April 16, 2018 relating to the Credit Agreement dated as of October 6,
2017 (as amended, restated, supplemented, waived or otherwise modified from time to time prior to the date hereof, the “Credit Agreement”) among (a) CEOC, LLC (the “Borrower”), (b) the LENDERS party thereto
from time to time and (c) CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, as administrative agent (together with its successors and assigns in such capacity, the “Administrative Agent”) and as collateral agent. 

RECITALS: 
 WHEREAS, the
Borrower has requested, and each Lender holding Term B Loans (after giving effect to the replacement of any Non-Consenting Lenders pursuant to Section 3) has agreed by delivery of its consent to this
Agreement to the Administrative Agent, to reduce the Applicable Margin on the Term B Loans; and 
 WHEREAS, the Borrower has appointed
Credit Suisse Securities (USA) LLC (the “First Amendment Arranger”) as sole lead arranger and bookrunner in connection with this Agreement. 

NOW, THEREFORE, the parties hereto therefore agree as follows: 

SECTION 1.    Defined Terms; References. Capitalized terms used in this Agreement and
not otherwise defined herein have the respective meanings assigned thereto in the Credit Agreement. The rules of construction specified in Section 1.02 of the Credit Agreement also apply to this Agreement. Each reference to “hereof”,
“hereunder”, “herein” and “hereby” and each other similar reference and each reference to “this Agreement” and each other similar reference contained in the Credit Agreement shall, after this Agreement becomes
effective, refer to the Credit Agreement as amended hereby. 
 SECTION 2.    Amendments to
Credit Agreement. The Credit Agreement is hereby amended as follows: 
 (a)    Section 1.01 of the Credit Agreement
is hereby amended by inserting the following new defined term in appropriate alphabetical order therein: 
 ““First Amendment
Effective Date” shall mean April 16, 2018.” 
 (b)    Section 1.01 of the Credit Agreement is hereby
amended by amending and restating clause (i) of the definition of “Applicable Margin” therein as follows: 
 “(i) with
respect to any Term B Loan, 2.00% per annum in the case of any Eurocurrency Loan and 1.00% per annum in the case of any ABR Loan,” 

(c)    Section 2.11(a)(ii) of the Credit Agreement is hereby amended and restated in its entirety as follows: 

“(ii)    In the event that, on or prior to the date that is six months after the First Amendment








 
Effective Date, the Borrower shall (x) make a prepayment of the Term B Loans pursuant to Section 2.11(a) with the proceeds of, or any conversion of Term B Loans into, any substantially
concurrent issuance of a new or replacement tranche of long-term senior secured first lien term loans that are broadly syndicated to banks and other institutional investors in financings similar to the Term B Loans the primary purpose of which is to
(and which does) reduce the All-in Yield of such Term B Loans (other than, for the avoidance of doubt, with respect to securitizations) or (y) effect any amendment to this Agreement the primary purpose of
which is to (and which does) reduce the All-in Yield of the Term B Loans (other than, in the case of each of clauses (x) and (y), in connection with a Qualified IPO, a Change in Control or a
transformative acquisition referred to in the last sentence of this paragraph), the Borrower shall pay to the Administrative Agent, for the ratable account of each of the applicable Lenders holding Term B Loans, (A) in the case of clause (x), a
prepayment premium of 1.00% of the aggregate principal amount of the Term B Loans so prepaid and (B) in the case of clause (y), a fee equal to 1.00% of the aggregate principal amount of the applicable Term B Loans for which the All-in Yield has been reduced pursuant to such amendment. Such amounts shall be due and payable on the date of such prepayment or the effective date of such amendment, as the case may be. For purposes of this
Section 2.11(a)(ii), a “transformative acquisition” is any acquisition by the Borrower or any Subsidiary that (i) is not permitted by the terms of the Loan Documents immediately prior to the consummation of such acquisition or
(ii) if permitted by the terms of the Loan Documents immediately prior to the consummation of such acquisition, would not provide the Borrower and its Subsidiaries with adequate flexibility under the Loan Documents for the continuation and/or
expansion of their combined operations following such consummation, as determined by the Borrower in good faith.” 

SECTION 3.    Replacement of Non-Consenting
Lenders. The Borrower shall be deemed to have exercised its right pursuant to Section 2.19(c) of the Credit Agreement to require that each Non-Consenting Lender assign and delegate, without recourse,
all interests, rights and obligations under the Credit Agreement with respect to the Term B Loans to Credit Suisse AG, Cayman Islands Branch, as replacement lender (in such capacity, the “Replacement Lender”), which assignment shall
occur immediately and automatically upon satisfaction of the condition in Section 5(d) below, and the Replacement Lender agrees to accept each such assignment. 

SECTION 4.    Representations of the Borrowers. The Borrower represents and warrants
that: 
 (a)    the representations and warranties set forth in the Loan Documents are true and correct in all material
respects on and as of the date hereof after giving effect hereto with the same effect as though made on and as of such date, except to the extent such representations and warranties expressly relate to an earlier date (in which case such
representations and warranties are true and correct in all material respects as of such earlier date); and 
 (b)    no
Event of Default or Default is continuing on and as of the date hereof after giving effect hereto. 

  
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 SECTION 5.    Conditions. This Agreement
shall become effective as of the first date (the “First Amendment Effective Date”) when each of the following conditions shall have been satisfied: 

(a)    the Administrative Agent (or its counsel) shall have received (x) from each Loan Party, the Majority Lenders
for the Term B Facility (determined before giving effect to the replacement of any Non-Consenting Lenders) and each Lender holding Term B Loans (after giving effect to the replacement of any Non-Consenting Lenders) (i) a consent to this Agreement signed on behalf of such party or (ii) written evidence reasonably satisfactory to the Administrative Agent (which may include facsimile or
electronic transmission of a signed signature page of this Agreement) that such party has signed a consent to this Agreement and (y) from the Administrative Agent, an executed counterpart to this Agreement; 

(b)    the representations and warranties set forth in Section 4 above shall be true and correct; 

(c)    any fees and reasonable
out-of-pocket expenses (including reasonable fees, charges and disbursements of Davis Polk & Wardwell LLP) owing by the Borrower to the Administrative Agent and
the First Amendment Arranger and invoiced prior to the date hereof shall have been paid in full (subject to any agreed-upon limits contained in any letter agreement with the Administrative Agent or its affiliates or such First Amendment Arranger or
their respective affiliates entered into in connection with this Agreement); and 
 (d)    (i) all Obligations of the
Borrower owing to any Non-Consenting Lender being replaced pursuant to Section 3 shall be paid in full to such Non-Consenting Lender concurrently with the
assignment described in Section 3 (including any amount payable pursuant to Section 2.11(a)) and (ii) the Replacement Lender shall pay to each such Non-Consenting Lender an amount equal to the
principal amount of the Term B Loans held by such Non-Consenting Lender plus accrued and unpaid interest thereon. 

SECTION 6.    Governing Law. THIS AGREEMENT AND ANY CLAIMS, CONTROVERSY, DISPUTE OR
CAUSES OF ACTION (WHETHER IN CONTRACT OR TORT OR OTHERWISE) BASED UPON, ARISING OUT OF OR RELATING TO THIS AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAW OF THE STATE OF NEW YORK, WITHOUT REGARD TO ANY PRINCIPLE OF CONFLICTS
OF LAW THAT COULD REQUIRE THE APPLICATION OF ANY OTHER LAW. 
 SECTION 7.    Confirmation
of Guaranties and Security Interests. By signing this Agreement, each Loan Party hereby confirms that (i) the obligations of the Loan Parties under the Credit Agreement as modified hereby and the other Loan Documents (x) are entitled
to the benefits of the guarantees and the security interests set forth or created in the Collateral Agreement and the other Loan Documents and (y) constitute Loan Obligations and (ii) notwithstanding the effectiveness of the terms hereof,
the Collateral Agreement and the other Loan Documents are, and shall continue to be, in full force and effect and are hereby ratified and confirmed in all respects after giving effect to the amendments contemplated by this Agreement. Each Loan Party
ratifies and confirms that all Liens granted, conveyed, or assigned to any Agent by such person pursuant to each Loan Document to which it is a party remain in full force and effect, are not released or reduced, and continue to secure full payment
and performance of the Loan Obligations as modified hereby. 

  
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 SECTION 8.    Counterparts. This Agreement
may be signed in any number of counterparts, each of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument. Delivery of an executed counterpart to this Agreement by facsimile or
electronic transmission shall be as effective as delivery of a manually signed original. 

SECTION 9.    Miscellaneous. This Agreement shall constitute a Loan Document for all
purposes of the Credit Agreement. The Borrower shall pay all reasonable fees, costs and expenses of the Administrative Agent as agreed to between the parties incurred in connection with the negotiation, preparation and execution of this Agreement
and the transactions contemplated hereby (in the case of any such fees and reasonable out-of-pocket expenses incurred in connection with this Agreement, subject to any
agreed-upon limits contained in any letter agreement with the Administrative Agent or its affiliates entered into in connection with this Agreement). The execution, delivery and effectiveness of this Agreement shall not, except as expressly provided
herein, operate as a waiver of any right, power or remedy of any Lender or the Administrative Agent under any of the Loan Documents, nor constitute a waiver of any provision of any of the Loan Documents. 

[Remainder of Page Intentionally Left Blank] 

  
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 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of the
date first above written. 
  

			
	BORROWER:
	
	 CEOC, LLC,
 as
Borrower

		
	By:	 	/s/ Eric Hession
		 	 Name: Eric Hession
 Title:   Chief
Financial Officer and Treasurer



  
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  

[Signature Page to Amendment No. 1] 
  

 







 
			
	 3535 LV CORP.

B I GAMING CORPORATION

BALLY’S MIDWEST CASINO, INC.

BALLY’S PARK PLACE LLC

BENCO LLC

BL DEVELOPMENT CORP.

BOARDWALK REGENCY LLC

CAESARS ENTERTAINMENT FC LLC

CAESARS MARKETING SERVICES LLC

CAESARS NEW JERSEY LLC

CAESARS PALACE LLC

CAESARS PALACE REALTY LLC

CAESARS RIVERBOAT CASINO, LLC

CAESARS TREX, INC.

CAESARS UNITED KINGDOM, INC.

CAESARS WORLD LLC

CAESARS WORLD MARKETING LLC

CAESARS WORLD MERCHANDISING LLC

CALIFORNIA CLEARING CORPORATION

CASINO COMPUTER PROGRAMMING, INC.

DESERT PALACE LLC

FLAMINGO-LAUGHLIN, INC.

GCI SPINCO LLC

GRAND CASINOS OF BILOXI, LLC

GRAND CASINOS OF MISSISSIPPI, LLC – GULFPORT

GRAND CASINOS, INC.

HARRAH SOUTH SHORE CORPORATION

HARRAH’S ARIZONA CORPORATION

HARRAH’S BOSSIER CITY INVESTMENT COMPANY, L.L.C.

HARRAH’S CHESTER DOWNS INVESTMENT COMPANY, LLC

HARRAH’S CHESTER DOWNS MANAGEMENT COMPANY, LLC

HARRAH’S ILLINOIS LLC

HARRAH’S INTERACTIVE INVESTMENT COMPANY





			
		
	 By:
	 	 /s/ Eric Hession



 
			
	 Name: Eric Hession

	 Title: Chief Financial Officer and Treasurer



 [Signature Page to Amendment No. 1] 








			
	 HARRAH’S INTERNATIONAL HOLDING
COMPANY, INC.

	HARRAH’S IOWA ARENA MANAGEMENT, LLC
	HARRAH’S MANAGEMENT COMPANY
	 HARRAH’S NEW ORLEANS MANAGEMENT COMPANY LLC

	HARRAH’S NORTH KANSAS CITY LLC
	 HARRAH’S OPERATING COMPANY MEMPHIS, LLC

	 HARVEYS BR MANAGEMENT COMPANY, INC.

	 HARVEYS IOWA MANAGEMENT COMPANY LLC

	 HARVEYS TAHOE MANAGEMENT COMPANY LLC

	HBR REALTY COMPANY LLC
	HCAL, LLC
	HCR SERVICES COMPANY, INC.
	HEI HOLDING COMPANY ONE, INC.
	HEI HOLDING COMPANY TWO, INC.
	HORSESHOE GAMING HOLDING, LLC
	HORSESHOE GP, LLC
	HORSESHOE HAMMOND, LLC
	HTM HOLDING LLC
	MARTIAL DEVELOPMENT CORP.
	NEW ROBINSON PROPERTY GROUP LLC
	OCEAN SHOWBOAT, INC.
	PARBALL LLC
	PLAYERS BLUEGRASS DOWNS LLC
	ROBINSON PROPERTY GROUP LLC
	 ROMAN ENTERTAINMENT CORPORATION OF INDIANA

	ROMAN HOLDING COMPANY OF INDIANA LLC
	 SHOWBOAT ATLANTIC CITY OPERATING COMPANY, LLC

	SHOWBOAT HOLDING LLC
	 SOUTHERN ILLINOIS RIVERBOAT/CASINO CRUISES LLC

	TUNICA ROADHOUSE LLC


 
			
		
	 By:
	 	/s/ Eric Hession


 
			
	 Name: Eric Hession

	Title: Chief Financial Officer and Treasurer


 [Signature Page to Amendment No. 1] 








					
	 190 FLAMINGO, LLC

AJP PARENT, LLC

CHRISTIAN COUNTY LAND ACQUISITION COMPANY, LLC

HOLE IN THE WALL, LLC

KOVAL HOLDINGS COMPANY, LLC

PHW MANAGER, LLC

PLAYERS INTERNATIONAL, LLC

RENO CROSSROADS LLC

TRB FLAMINGO, LLC

WINNICK PARENT, LLC

	
	By: CEOC, LLC, as sole member


 
					
			
		 	By:	 	/s/ Eric Hession


 
					
		 	Name: Eric Hession
		 	Title: Chief Financial Officer and Treasurer


  

							
	AJP HOLDINGS, LLC
		
	By:	 	AJP PARENT, LLC, as sole member
			
		 	By:	 	CEOC, LLC, as sole member
				
		 		 	 By:
	 	 /s/ Eric Hession

		 		 	Name: Eric Hession
		 		 	Title: Chief Financial Officer and Treasurer


  

					
	 CHESTER FACILITY HOLDING COMPANY, LLC

		
	By:	 	HARRAH’S CHESTER DOWNS INVESTMENT COMPANY, LLC, as sole member
			
		 	By:	 	/s/ Eric Hession
		 	Name: Eric Hession
		 	Title: Chief Financial Officer and Treasurer



  
 [Signature Page to
Amendment No. 1] 









									
	DURANTE HOLDINGS, LLC
	
	By: AJP HOLDINGS, LLC, as sole member
		
		 	By: AJP PARENT, LLC, as sole member
			
		 		 	By: CEOC, LLC, as sole member
					
		 		 		 	By:	 	/s/ Eric Hession
		 		 		 	Name: Eric Hession
		 		 		 	Title: Chief Financial Officer and Treasurer


  

							
	HARRAH’S NC CASINO COMPANY, LLC
	
	By: HARRAH’S MANAGEMENT COMPANY, as a managing member
				
		 		 	By:	 	/s/ Eric Hession
		 		 	Name: Eric Hession
		 		 	Title: Chief Financial Officer and Treasurer


  

							
	HARRAH’S NC CASINO COMPANY, LLC
	
	By: CEOC, LLC, as a managing member
				
		 		 	By:	 	/s/ Eric Hession
		 		 	Name: Eric Hession
		 		 	Title: Chief Financial Officer and Treasurer


  

							
	 HARRAH’S SHREVEPORT/BOSSIER CITY INVESTMENT COMPANY, LLC

	
	By: HARRAH’S NEW ORLEANS MANAGEMENT COMPANY LLC, as sole member


 
							
				
		 		 	By:	 	/s/ Eric Hession
		 		 	Name: Eric Hession
		 		 	Title: Chief Financial Officer and Treasurer



  
 [Signature Page to
Amendment No. 1] 









									
	HORSESHOE ENTERTAINMENT
	
	By: NEW GAMING CAPITAL PARTNERSHIP, A NEVADA LIMITED PARTNERSHIP, as general partner


 
									
			
		 		 	By: HORSESHOE GP, LLC, as general partner


 
											
						
		 		 		 		 	By:	 	/s/ Eric Hession
		 		 		 		 	Name: Eric Hession
		 		 		 		 	Title: Chief Financial Officer and Treasurer


  

									
	KOVAL INVESTMENT COMPANY, LLC
	
	By: KOVAL HOLDINGS COMPANY, LLC, as sole member


 
									
			
		 		 	By: CEOC, LLC, as sole member


 
											
						
		 		 		 		 	By:	 	/s/ Eric Hession
		 		 		 		 	Name: Eric Hession
		 		 		 		 	Title: Chief Financial Officer and Treasurer


  

									
	NEW GAMING CAPITAL PARTNERSHIP, A NEVADA LIMITED PARTNERSHIP
	
	By: HORSESHOE GP, LLC, as general partner


 
											
						
		 		 		 		 	By:	 	/s/ Eric Hession
		 		 		 		 	Name: Eric Hession
		 		 		 		 	Title: Chief Financial Officer and Treasurer


  

									
	PLAYERS HOLDING, LLC
	
	By: PLAYERS INTERNATIONAL, LLC, as sole member


 
									
			
		 		 	By: CEOC, LLC, as sole member


 
											
						
		 		 		 		 	By:	 	/s/ Eric Hession
		 		 		 		 	Name: Eric Hession
		 		 		 		 	Title: Chief Financial Officer and Treasurer



  
 [Signature Page to
Amendment No. 1] 









							
	WINNICK HOLDINGS, LLC
		
	By:	 	WINNICK PARENT, LLC, as sole member
			
		 	By:	 	CEOC, LLC, as sole member
				
		 		 	By:	 	 /s/ Eric Hession

		 		 	Name: Eric Hession
		 		 	Title: Chief Financial Officer and Treasurer



  
 [Signature Page to
Amendment No. 1] 









							
	ADMINISTRATIVE AGENT:
	
	 CREDIT SUISSE AG, CAYMAN
 ISLANDS
BRANCH, as Administrative Agent and Replacement Lender

		
	By:	 	 /s/ William O’Daly

		 		 	Name: William O’Daly
		 		 	Title: Authorized Signatory
		
	By:	 	 /s/ WHITNEY GASTON

		 		 	Name: WHITNEY GASTON
		 		 	Title: AUTHORIZED SIGNATORY



  
 [Signature Page to
Amendment No. 1]