EFTA Document EFTA02008408

To: jeevacation©gmail.com[jeevacation©gmail.com]; Jeffrey Epsteinbeeyacation©gmail corn] 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_00508813 EFTA02008408