Company: CZR
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001590895-25-000126
Chunk: 60

Company: Caesars Entertainment, Inc.
Filing Date: 2025-07-29
Form: 10-Q
Item: Part I, Item 1
Chunk 60
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$1,017 $28 2.8 %$2,075 $2,048 $27 1.3 %Food and beverage150 139 11 7.9 %299 274 25 9.1 %Hotel163 157 6 3.8 %302 288 14 4.9 %Other77 72 5 6.9 %147 140 7 5.0 %Net revenues$1,435 $1,385 $50 3.6 %$2,823 $2,750 $73 2.7 %Table games drop$1,063 $965 $98 10.2 %$2,156 $1,980 $176 8.9 %Table games hold %20.8 %21.1 %(0.3) pts20.8 %21.2 %(0.4) ptsSlot handle$10,917 $10,186 $731 7.2 %$21,361 $20,402 $959 4.7 %Adjusted EBITDA$439 $469 $(30)(6.4)%$879 $902 $(23)(2.5)%Adjusted EBITDA margin30.6 %33.9 %(3.3) pts31.1 %32.8 %(1.7) ptsNet income (loss) attributable to Caesars$(11)$(51)$40 78.4 %$9 $(10)$19 *

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*    Not meaningful.

Table of Contents33

Our Regional segment’s net revenues improved for the three and six months ended June 30, 2025, as compared to the same prior year periods, primarily due to the positive results driven by our recently completed Caesars Virginia and Caesars New Orleans development projects. These increases were partially offset by the continued impact of competition and inclement weather in several of our regional markets, as well as construction disruption in Lake Tahoe. Adjusted EBITDA and Adjusted EBITDA margin declined for the three and six months ended June 30, 2025, compared to the same prior year periods, primarily due to increased labor costs and additional targeted customer reinvestment in certain competitive markets. Net income (loss) increased primarily due to impairment charges in our