Ownership Submission
FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Sigala Ruben
2. Date of Event Requiring Statement (Month/Day/Year)
12/20/2016
3. Issuer Name and Ticker or Trading Symbol
CAESARS ENTERTAINMENT Corp [CZR]
(Last)
(First)
(Middle)
ONE CAESARS PALACE DRIVE
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
EVP & Chief Marketing Officer
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

LAS VEGAS, NV 89109
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 27,519
D
 
Common Stock 59,172 (1)
D
 
Common Stock 8,553 (2)
D
 
Common Stock 36,932 (3)
D
 
Common Stock 13,765 (4)
D
 
Common Stock 29,250 (5)
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Employee stock option (right to buy)   (6) 05/07/2024 Common Stock 12,230 $ 21.18 D  
Employee stock option (right to buy)   (7) 08/21/2022 Common Stock 2,555 $ 8.22 D  
Employee stock option (right to buy)   (8) 06/28/2023 Common Stock 12,155 $ 13.7 D  
Employee stock option (right to buy)   (9) 05/29/2025 Common Stock 6,500 $ 9.36 D  
Employee stock option (right to buy)   (10) 08/21/2022 Common Stock 2,555 $ 8.22 D  
Employee stock option (right to buy)   (11) 08/21/2022 Common Stock 26,301 $ 8.22 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Sigala Ruben
ONE CAESARS PALACE DRIVE
LAS VEGAS, NV 89109
      EVP & Chief Marketing Officer  

Signatures

/s/ Jill Eaton, by Power of Attorney, on behalf of Ruben Sigala 12/22/2016
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Reflects restricted stock units granted to the Reporting Person pursuant to Rule 16b-3, 100% of which will vest on January 5, 2018.
(2) Reflects restricted stock units granted to the Reporting Person pursuant to Rule 16b-3, of which 50% of original grant has vested and 25% will vest on each of May 7, 2017 and May 7, 2018.
(3) Reflects restricted stock units granted to the Reporting Person pursuant to Rule 16b-3, one third of which vest on each of March 23, 2017, March 23, 2018 and March 23, 2019.
(4) Reflects restricted stock units granted to the Reporting Person pursuant to Rule 16b-3, of which 75% of original grant has vested and 25% will vest on January 2, 2017.
(5) Reflects restricted stock units granted to the Reporting Person pursuant to Rule 16b-3, of which 25% of original grant has vested and 25% will vest on each of March 1, 2017, March 1, 2018 and March 1, 2019.
(6) Reflects stock options granted to the Reporting Person pursuant to Rule 16b-3, of which 50% are vested and 25% will vest on each of May 7, 2017 and May 7, 2018.
(7) Reflects stock options granted to the Reporting Person pursuant to Rule 16b-3, of which 100% vest when share price is at $35 per share for a 30-day consecutive period.
(8) Reflects stock options granted to the Reporting Person pursuant to Rule 16b-3, of which 75% has vested and 25% will vest on January 2, 2017.
(9) Reflects stock options granted to the Reporting Person pursuant to Rule 16b-3, of which 25% has vested and 25% will vest on each of March 23, 2017, March 23, 2018 and March 23, 2019.
(10) Reflects stock options granted to the Reporting Person pursuant to Rule 16b-3 of which 100% are vested.
(11) Reflects stock options granted to the Reporting Person pursuant to Rule 16b-3 of which 100% are vested.
 
Remarks:
Mr. Sigala's title is pending all required regulatory approvals.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure.

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