From: "Nicholas L.Ribis"

From: "Nicholas L.Ribis" To: "Jeffrey Epstein" <[email protected]> Subject: Date: Mon, 13 Feb 2012 19:26:23 +0000 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 EFTA00686760