- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
 
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
 
                               ----------------
 
                                AMENDMENT NO. 4
                                       TO
                                 SCHEDULE 14D-1
 
                             TENDER OFFER STATEMENT
                          PURSUANT TO SECTION 14(d)(1)
                     OF THE SECURITIES EXCHANGE ACT OF 1934
 
                                      AND
 
                                  SCHEDULE 13D
 
                   UNDER THE SECURITIES EXCHANGE ACT OF 1934
 
                               ----------------
 
                              CAESARS WORLD, INC.
                           (NAME OF SUBJECT COMPANY)
 
                               ----------------
 
                         ITT FLORIDA ENTERPRISES, INC.
                                ITT CORPORATION
                                   (BIDDERS)
 
                               ----------------
 
                    COMMON STOCK, PAR VALUE $0.10 PER SHARE
(INCLUDING THE ASSOCIATED JUNIOR PARTICIPATING PREFERRED STOCK PURCHASE RIGHTS)
                         (TITLE OF CLASS OF SECURITIES)
 
                               ----------------
 
                                   127695104
                     (CUSIP NUMBER OF CLASS OF SECURITIES)
 
                               ----------------
 
                           WALTER F. DIEHL, JR., ESQ.
                                ITT CORPORATION
                          1330 AVENUE OF THE AMERICAS
                            NEW YORK, NY 10019-5490
                                 (212) 258-1000
          (NAME, ADDRESS AND TELEPHONE NUMBER OF PERSONS AUTHORIZED TO
            RECEIVE NOTICES AND COMMUNICATIONS ON BEHALF OF BIDDERS)
 
                               ----------------
 
                                   COPIES TO:
                            PHILIP A. GELSTON, ESQ.
                            CRAVATH, SWAINE & MOORE
                                WORLDWIDE PLAZA
                               825 EIGHTH AVENUE
                            NEW YORK, NEW YORK 10019
                                 (212) 474-1000
 
                               ----------------
 
                     Page 1 of 4. Exhibit Index on Page 4.
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------

 
  ITT Corporation ("Parent") and ITT Florida Enterprises, Inc. hereby amend and
supplement their combined Tender Offer Statement on Schedule 14D-1 and
Statement on Schedule 13D originally filed on December 23, 1994 (the
"Statement"), with respect to an offer (the "Offer") to purchase all
outstanding shares of common stock, $0.10 par value, of Caesars World, Inc., a
Florida corporation (the "Company"), together with the associated junior
participating preferred stock purchase rights, on the terms described in the
Offer to Purchase dated December 23, 1994. Capitalized terms not defined herein
have the meanings assigned thereto in the Statement.
 
ITEM 10. ADDITIONAL INFORMATION.
 
  On January 25, 1995, Parent announced that the Offer had expired at midnight
the previous day and that all shares validly tendered pursuant to the Offer had
been accepted for payment. Parent also announced that, according to the
Depositary, approximately 24,345,066 shares of common stock of the Company,
representing approximately 93.7 percent of the Company's outstanding common
stock on a fully diluted basis, were tendered. Finally, Parent announced that
it expects to consummate the proposed merger of ITT Florida Enterprises, Inc.
into the Company as soon as practicable without a vote of stockholders as
permitted under Florida law. The press release in respect of these
announcements is filed herewith.
 
ITEM 11. MATERIAL TO BE FILED AS EXHIBITS.
 
  (a)(14) Text of press release dated January 25, 1995.
 
                                  Page 2 of 4

 
                                   SIGNATURE
 
  After due inquiry and to the best of my knowledge and belief, I certify that
the information set forth in this statement is true, complete and correct.
 
Dated: January 25, 1995
 
                                          ITT Florida Enterprises, Inc.
 
                                          By: /s/ Walter F. Diehl, Jr.
                                            -----------------------------------
                                            Name: Walter F. Diehl, Jr.
                                            Title: Vice President
 
                                          ITT Corporation
 
                                          By: /s/ Walter F. Diehl, Jr.
                                            -----------------------------------
                                            Name: Walter F. Diehl, Jr.
                                            Title: Vice President
 
 
 
 
 
                                  Page 3 of 4

 
                                 EXHIBIT INDEX
 
SEQUENTIALLY NUMBERED EXHIBIT NO. DESCRIPTION PAGES ----------- ----------- ------------ (a)(14) Text of press release dated January 25, 1995.
Page 4 of 4

 
                                                                 EXHIBIT (A)(14)
 
                                  [LETTERHEAD]
 
                                          DATE:       January 25, 1995
                                          CONTACT:    Jim Gallagher
                                          TELEPHONE:  212-258-1261
 
                             FOR IMMEDIATE RELEASE
 
    ITT ANNOUNCES COMPLETION OF TENDER OFFER FOR CAESARS WORLD COMMON STOCK
 
  NEW YORK, NY, January 25, 1995--ITT Corporation announced today that the cash
tender offer by an ITT subsidiary for all outstanding shares of common stock of
Caesars World, Inc. at $67.50 per share expired at midnight yesterday and that
all shares validly tendered pursuant to the offer have been accepted for
payment. According to the Depositary, approximately 24,345,066 shares of common
stock of Caesars World (representing approximately 93.7 percent of the
outstanding shares on a fully diluted basis) were tendered (including 4,143,022
shares of common stock pursuant to guaranteed delivery procedures). Payment for
validly tendered shares will be made through Bankers Trust Company, the
Depositary, in accordance with the terms of the offer.
 
  Since more than 80 percent of the outstanding Caesars World common stock was
tendered pursuant to the offer, ITT expects to consummate the proposed merger
of an ITT subsidiary into Caesars World as soon as practicable without a vote
of stockholders as permitted under Florida law.
 
                                          ITT