Company: CZR
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001590895-25-000068
Chunk: 1008

Company: Caesars Entertainment, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 2
Chunk 1008
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 %Hotel599 643 616 (44)(6.8)%27 4.4 %Other292 287 264 5 1.7 %23 8.7 %Net revenues$5,539 $5,778 $5,704 $(239)(4.1)%$74 1.3 %Table games drop$4,005 $4,188 $4,270 $(183)(4.4)%$(82)(1.9)%Table games hold %21.3 %21.7 %22.0 %(0.4) pts(0.3) ptsSlot handle$40,850 $43,211 $42,853 $(2,361)(5.5)%$358 0.8 %Adjusted EBITDA$1,810 $1,962 $1,985 $(152)(7.7)%$(23)(1.2)%Adjusted EBITDA margin32.7 %34.0 %34.8 %(1.3) pts(0.8) ptsNet income (loss) attributable to Caesars$(18)$377 $463 $(395)*$(86)(18.6)%

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*    Not meaningful.

Our Regional segment’s net revenues, net income (loss), Adjusted EBITDA and Adjusted EBITDA margin decreased for year ended December 31, 2024, as compared to the same prior year period, primarily due to the continued impact of competition associated with new casino resorts opening in some of our regional markets and construction disruption from renovation projects at certain of our properties. Additionally, inclement weather in several of our regional property locations negatively impacted visitor volume in the first quarter of 2024. The impact of these unfavorable factors was partially offset for the year ended December 31, 2024 by the incremental revenues attributable to Caesars Virginia and Harrah’s Columbus Nebraska that opened temporary facilities during the second quarter in 2023. The permanent facility of Harrah’s Columbus Nebraska opened in May 2024 following the closure of the temporary facility in March 2024. The permanent facility of Caesars Virginia opened in December 2024.

As a result of the aforementioned factors impacting certain of our properties in the Regional segment, we recorded impairments totaling $270 million during the year ended December 31, 2024.

Slot win percentage in the Regional segment