Company: CZR
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0001590895-25-000110
Chunk: 37

Company: Caesars Entertainment, Inc.
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 1
Chunk 37
---
 the Company’s reportable segments.Three Months Ended March 31, 2025(In millions)Las VegasRegionalCaesars DigitalManaged and BrandedCorporate and OtherTotalCasino$243 $1,030 $324 $— $(3)$1,594 Food and beverage286 149 — — — 435 Hotel343 139 — — — 482 Other131 70 11 67 4 283 Net revenues$1,003 $1,388 $335 $67 $1 $2,794 Three Months Ended March 31, 2024(In millions)Las VegasRegionalCaesars DigitalManaged and BrandedCorporate and OtherTotalCasino$239 $1,031 $266 $— $(1)$1,535 Food and beverage287 135 — — — 422 Hotel362 131 — — — 493 Other140 68 16 68 — 292 Net revenues$1,028 $1,365 $282 $68 $(1)$2,742 Accounts Receivable, Net(In millions)March 31, 2025December 31, 2024Casino$159 $206 Food and beverage and hotel121 107 Other160 157 Accounts receivable, net$440 $470 Contract and Contract Related LiabilitiesThe Company records contract or contract related liabilities related to differences between the timing of cash receipts from the customer and the recognition of revenue. The Company generally has three types of liabilities related to contracts with customers: (1) outstanding chip liability, which represents the amounts owed in exchange for gaming chips held by customers, (2) Caesars Rewards player loyalty program obligations, which represent the deferred allocation of revenue relating to reward credits granted to Caesars Rewards members based on certain types of customer spend, including online and retail gaming, hotel, dining, retail shopping, and player loyalty program incentives earned, and (3) customer deposits and other deferred revenue, which primarily represents funds deposited by customers related to gaming play and advance payments received for goods and services yet to be provided (such as advance ticket sales, deposits on rooms and convention space, unpaid wagers, iGaming deposits, or future sports bets). These liabilities are generally expected to be recognized as revenue within one year of being purchased, earned, or deposited and are recorded within Accrued