SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
May 2, 1994
CAESARS WORLD, INC.
(Exact name of issuer as specified in its charter)
Florida 1-5979 59-0773674
(State or Other (Commission (IRS Employer of
Jurisdiction File Number) Identification
Incorporation Number)
or Organization)
1801 Century Park East 90067
Suite 2600 (Zip Code)
Los Angeles, California
(Address of Principal
Executive Offices)
(310) 552-2711
Registrant's telephone number, including area code
Item 5. Other Events
On May 2, 1994, Registrant issued the following press
release:
LOS ANGELES, CALIFORNIA -- Caesars World, Inc. (NYSE/CAW)
today said it estimates that earnings per share for its
fiscal 1994 third quarter will range between 42 cents and 50
cents, compared with 69 cents per share in the fiscal 1993
third quarter.
The company said table-game activity in its Nevada
operations established a record for any third quarter in
Caesars World's history. The lower earnings, when compared
with the prior-year quarter, principally resulted from
increased expenses related to the higher volume of business
in Nevada, including a world heavyweight championship fight
at Caesars Palace and marketing expenses reflecting a higher
provision for bad debt. Table-game win percentages in Nevada
were lower than normal but about the same as the year-earlier
quarter.
Estimates indicate that earnings per share for the
fiscal 1994 nine months ended April 30, 1994, will range
between $2.46 and $2.54, compared with $2.36 per share in the
same fiscal 1993 period. Both the third-quarter and nine-
month comparisons are based on approximately the same number
of common and common equivalent shares outstanding.
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SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the Registrant has duly caused this
report to be signed on its behalf by the undersigned
hereunto duly authorized.
CAESARS WORLD, INC.
By /s/Roger Lee
Roger Lee
Senior Vice President,
Finance & Administration
May 2, 1994
