Company: CZR
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001590895-25-000126
Chunk: 126

Company: Caesars Entertainment, Inc.
Filing Date: 2025-07-29
Form: 10-Q
Item: Part I, Item 8
Chunk 126
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$85 34.6 %$655 $512 $143 27.9 %Other12 30 (18)(60.0)%23 46 (23)(50.0)%Net revenues$343 $276 $67 24.3 %$678 $558 $120 21.5 %Sports betting handle (b)$2,493 $2,500 $(7)(0.3)%$5,621 $5,879 $(258)(4.4)%Sports betting hold %8.9 %7.2 %1.7 pts8.0 %6.9 %1.1 ptsiGaming handle$4,705 $3,537 $1,168 33.0 %$9,193 $7,035 $2,158 30.7 %iGaming hold %3.6 %3.3 %0.3 pts3.6 %3.3 %0.3 ptsAdjusted EBITDA$80 $40 $40 100.0 %$123 $45 $78 173.3 %Adjusted EBITDA margin23.3 %14.5 %8.8 pts18.1 %8.1 %10 ptsNet income (loss) attributable to Caesars$39 $4 $35 *$39 $(30)$69 *

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*    Not meaningful.

(a)Includes total promotional and complimentary incentives related to sports betting, iGaming, and online poker of $72 million and $62 million for the three months ended June 30, 2025 and 2024, respectively, and $145 million and $148 million for the six months ended June 30, 2025 and 2024, respectively. Promotional and complimentary incentives for online poker were $5 million and $3 million for the three months ended June 30, 2025 and 2024, respectively, and $8 million and $6 million for the six months ended June 30, 2025 and 2024, respectively.

(b)Caesars Digital generated an additional $199 million of sports betting handle for both the three months ended June 30, 2025 and 2024 and $468 million and $478 million for the six months ended June 30,