Company: CZR
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0001590895-25-000130
Chunk: 91

Company: Caesars Entertainment, Inc.
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 8
Chunk 91
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,771 Gaming rights983 983 Caesars Rewards523 523 3,277 3,277 Total amortizing and non-amortizing intangible assets other than Goodwill, net$4,036 $4,133 Amortization expense with respect to intangible assets totaled $33 million for both the three months ended September 30, 2025 and 2024, and for the nine months ended September 30, 2025 and 2024 totaled $99 million and $102 million, respectively, which is included in Depreciation and amortization in the Statements of Operations.Estimated Five-Year AmortizationRemaining 2025Years Ended December 31,(In millions)20262027202820292030Estimated amortization expense$33 $133 $86 $45 $44 $44 

Note 5. Litigation, Commitments and Contingencies 

LitigationGeneralWe are party to various legal proceedings, which have arisen in the normal course of our business. Such proceedings can be costly, time consuming, unpredictable and, therefore, no assurance can be given that the final outcome of such proceedings will not materially impact our consolidated financial condition or results of operations. Estimated losses are accrued for these proceedings when the loss is probable and can be estimated. While we maintain insurance coverage that we believe is adequate to mitigate certain risks of such proceedings, no assurance can be given that the amount or scope of existing insurance coverage will be sufficient to cover losses arising from such matters. The current liability for the estimated losses associated with these proceedings is not material to our consolidated financial condition and changes in such estimates are not expected to have a material impact on our results of operations.Contractual CommitmentsSports Sponsorship/Partnership ObligationsThe Company has agreements with certain professional sports leagues and teams, sporting event facilities and media companies for tickets, suites, advertising, marketing, promotional and sponsorship opportunities including communication with partner customer databases. Some of the agreements provide Caesars with exclusivity to access the aforementioned rights within the casino and/or sports betting category. As of September 30, 2025 and December 31, 2024, obligations related to these agreements were $342 million and $421 million, 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