Company: CZR
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001590895-25-000126
Chunk: 151

Company: Caesars Entertainment, Inc.
Filing Date: 2025-07-29
Form: 10-Q
Item: Part I, Item 2
Chunk 151
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 to the Company’s operations.

Impairment charges were recorded within our Regional segment in June 2024 as a result of a decrease in projected future cash flows at certain properties primarily due to localized competition.

Depreciation and amortization expenses increased for the three and six months ended June 30, 2025 as compared to the same prior year periods, primarily related to recently completed construction projects.

Transaction and other costs, net primarily includes non-cash losses on the write down and disposal of assets, certain non-recurring litigation reserves, professional services for transaction and integration costs, various contract exit or termination costs, pre-opening costs in connection with our new property openings and non-cash changes in equity method investments. Transaction and other costs, net increased for the three and six months ended June 30, 2025 as compared to the same prior year periods, primarily due to litigation reserves.

Other income (expenses)

Other income (expenses) were as follows:

Three Months Ended June 30,Percent ChangeSix Months Ended June 30,Percent Change(Dollars in millions)20252024Variance20252024VarianceInterest expense, net$(579)$(594)$15 2.5 %$(1,153)$(1,184)$31 2.6 %Loss on extinguishment of debt— (3)3 100.0 %— (51)51 100.0 %Other income (loss)1 (1)2 *— 25 (25)(100.0)%Provision for income taxes(13)(10)(3)(30.0)%(24)(25)1 4.0 %

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*    Not meaningful.

Interest expense, net decreased for the three and six months ended June 30, 2025, as compared to the same prior year periods, primarily due a reduction in outstanding debt. 

For the six months ended June 30, 2024, loss on extinguishment of debt was primarily related to the prepayments of the CEI Senior Secured Notes due 2025, the Caesars Resort Collection (“CRC”) Senior Secured Notes, and the partial prepayment of the CEI Term Loan B.

Other income (loss) for the six months ended June 30, 2024 primarily represents a change in the estimate of our disputed claims liability.

The income tax provision for the three and six months ended June 30, 2025 and 2024 differed from the expected