Company: CZR
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0001590895-25-000130
Chunk: 30

Company: Caesars Entertainment, Inc.
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 1
Chunk 30
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 respectively, with contracts extending through 2040. These obligations are composed of various third-party agreements which have been entered into by the Company for certain of our Las Vegas and Regional properties, or our Caesars Digital segment. The agreements include leasing of event suites that are generally considered short-term leases for which the Company does not record a right of use asset or lease liability. The Company recognizes expenses in the period services are received in accordance with the various agreements. In addition, assets or liabilities may be recorded related to the timing of payments as required by the respective agreement.

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

Self-InsuranceThe Company is self-insured for workers compensation and other risk insurance, as well as health insurance and general liability. The Company’s total estimated self-insurance liability was $224 million and $204 million as of September 30, 2025 and December 31, 2024, respectively, which is included in Accrued other liabilities in our Balance Sheets.The assumptions utilized by our actuaries are subject to significant uncertainty and if outcomes differ from these assumptions or events develop or progress in a negative manner, the Company could experience a material adverse effect and additional liabilities may be recorded in the future.

Note 6. Long-Term Debt

September 30, 2025December 31, 2024(Dollars in millions)Final MaturityRatesFace ValueBook ValueBook ValueSecured DebtCEI Revolving Credit Facility2028variable$150 $150 $— CEI Term Loan A2028variable647 645 673 CVA Revolving Credit Facility2029variable— — — CVA Delayed Draw Term Loan2029variable391 386 288 CEI Term Loan B2030variable2,037 2,007 2,021 CEI Term Loan B-12031variable2,856 2,826 2,844 CEI Senior Secured Notes due 203020307.00%2,000 1,985 1,982 CEI Senior Secured Notes due 203220326.50%1,500 1,485 1,484 Unsecured DebtCEI Senior Notes due 202920294.625%1,200 1,191 1,190 CEI Senior Notes due 203220326