Item 1.01. Entry into a Material Definitive Agreement.

On January 26, 2022, Caesars Entertainment, Inc. (the "Borrower") and JPMorgan Chase Bank, N.A., as administrative agent (the "Administrative Agent"), entered into a Second Amendment to Credit Agreement (the "Amendment"), which amends that certain Credit Agreement, dated as of July 20, 2020 (as amended, restated, supplemented, waived or otherwise modified from time to time, the "Credit Agreement"), among the Borrower, the Administrative Agent, the lenders party thereto from time to time and U.S. Bank National Association, as collateral agent for the secured parties under the Credit Agreement.

Prior to the Amendment, any revolving loans under the Credit Agreement denominated in Euros, Sterling or Yen could accrue interest based on the London Interbank Offered Rate ("LIBOR"). Pursuant to the Amendment, LIBOR for revolving loans denominated in such currencies was replaced by (a) in the case of revolving loans denominated in Euros, the euro interbank offered rate administered by the European Money Markets Institute as adjusted for certain statutory reserves, (b) in the case of revolving loans denominated in Sterling, the Sterling Overnight Index Average published by the Bank of England plus an adjustment of 3.26 basis points and (c) in the case of revolving loans denominated in Yen, the Tokyo interbank offered rate administered by the Ippan Shadan Hojin JBA TIBOR Administration as adjusted for certain statutory reserves.

A copy of the Amendment is attached hereto as Exhibit 10.1 and is incorporated herein by reference. The foregoing description of the Amendment is qualified in its entirety by reference to the full text of the Amendment.

Item 9.01 Financial Statements and Exhibits.




(d) Exhibits.



Exhibit
  No.                                    Description

10.1          Second Amendment to Credit Agreement, dated as of January 26, 2022,
            by and between Caesars Entertainment, Inc. and JPMorgan Chase Bank,
            N.A., as administrative agent.

104         Cover Page Interactive Data File (embedded within the Inline XBRL
            document).

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