Company: CZR
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001590895-25-000068
Chunk: 55

Company: Caesars Entertainment, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 8
Chunk 55
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RegionalCaesars DigitalManaged and BrandedCorporate and OtherTotalNet revenues$4,470 $5,778 $973 $307 $— $11,528 Gaming taxes(139)(1,269)(245)— — Labor expense (a)(1,175)(1,154)— — — Other segment expenses (b)(1,140)(1,393)(690)(231)(154)Adjusted EBITDA$2,016 $1,962 $38 $76 $(154)$3,938 

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CAESARS ENTERTAINMENT, INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)

Year Ended December 31, 2022(In millions)Las VegasRegionalCaesars DigitalManaged and BrandedCorporate and OtherTotalNet revenues$4,287 $5,704 $548 $282 $— $10,821 Gaming taxes(137)(1,268)(239)— — Labor expense (a)(1,091)(1,088)— — — Other segment expenses (b)(1,095)(1,363)(975)(198)(124)Adjusted EBITDA$1,964 $1,985 $(666)$84 $(124)$3,243 ____________________(a)Labor expense for the Las Vegas segment includes $49 million and $65 million for the years ended December 31, 2023 and 2022, respectively, related to Rio-All Suite Hotel & Casino which was divested at the end of the third quarter of 2023.(b)The ‘Other segment expenses’ category for each of our reportable segments primarily includes:•Las Vegas and Regional Segments - Cost of sales associated with food, beverage and retail offerings; commission fees, talent fees and ticketing expenses associated with entertainment offerings; utility costs; costs of supplies; repairs and maintenance charges; professional fees; marketing and advertising expenses; software and licensing expenses; rental costs; and insurance expense.•Caesars Digital - Labor costs directly associated with the operation and maintenance of the digital platforms; professional fees; marketing and advertising expenses; and software and licenses expenses.•Managed and Branded - Reimbursable expenses which are primarily payroll costs associated with our managed properties.•Corporate and Other - Unallocated corporate payroll and overhead costs.Reconciliation of Net Income (Loss) Attributable to Caes