EFTA00420003.pdf

From: jeffrey epstein leevacation@gmail.com> To: Lesley Groff Subject: Fwd: Date: Tue, 14 Feb 2012 00:31:55 +0000 Remind me with Leon Sony for all the typos .Sent from my iPhone Begin forwarded message: From: "Nicholas L.Ribis" Date: February 13, 2012 2:26:23 PM EST To: "Jeffrey Epstein" <jeevacation@gmail.cotn> 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 EFTA00420003