To: Jeffrey Epsteinueevacation©gmail.com]
From: Nicholas L.Ribis
Sent Mon 2/13/2012 7:26:23 PM
Jeffrey — recent public reports indicated that Caesars intends to auction 10 or more of their
smaller regional casinos to focus on larger jurisdiction casinos, foreign properties and substantial
debt reduction — my idea is to have Caesars spin off the properties to a company controlled by me
for a higher purchase price by allocating a substantial amount of Caesar current debt( thereby
reducing Caesars overall debt load ) and having a higher multiple on ebitda from those casinos
than Caesars would achieve in an auction process — this would allow Caesars to quickly announce
a sale of these properties at a very high price to a licensed entity without having licensing or
financial outs in contract to sell the properties—I thought this was an interesting idea for Leon
what do u think — call me -- Nick
EFTA_R1_00228551
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