Company: CZR
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0001590895-25-000130
Chunk: 39

Company: Caesars Entertainment, Inc.
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 1
Chunk 39
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795 $3,159 $955 $— $(5)$4,904 Food and beverage834 465 — — — 1,299 Hotel979 497 — — — 1,476 Other401 238 34 214 4 891 Net revenues$3,009 $4,359 $989 $214 $(1)$8,570 Nine Months Ended September 30, 2024(In millions)Las VegasRegionalCaesars DigitalManaged and BrandedCorporate and OtherTotalCasino$829 $3,072 $794 $— $(4)$4,691 Food and beverage866 429 — — — 1,295 Hotel1,049 473 — — — 1,522 Other447 222 67 206 (4)938 Net revenues$3,191 $4,196 $861 $206 $(8)$8,446 Accounts Receivable, net(In millions)September 30, 2025December 31, 2024Casino$165 $206 Food and beverage and hotel117 107 Other144 157 Accounts receivable, net$426 $470 Contract and Contract Related LiabilitiesThe Company records contract or contract related liabilities related to differences between the timing of cash receipts from the customer and the recognition of revenue. The Company generally has three types of liabilities related to contracts with customers: (1) outstanding chip liability, which represents the amounts owed in exchange for gaming chips held by customers, (2) Caesars Rewards player loyalty program obligations, which represent the deferred allocation of revenue relating to reward credits granted to Caesars Rewards members based on certain types of customer spend, including online and retail gaming, hotel, dining, retail shopping, and player loyalty program incentives earned, and (3) customer deposits and other deferred revenue, which primarily represents funds deposited by customers related to gaming play and advance payments received for goods and services yet to be provided (such as advance ticket sales, deposits on rooms and convention space, unpaid wagers, iGaming deposits, or future sports bets). These liabilities are generally expected to be recognized as revenue within one year of being purchased, earned, or deposited and are recorded within Accrued other liabilities on the Company’s Balance Sheets. 

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CAESARS ENTERTAINMENT, INC.NOTES TO