Company: CZR
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001590895-25-000126
Chunk: 59

Company: Caesars Entertainment, Inc.
Filing Date: 2025-07-29
Form: 10-Q
Item: Part I, Item 1
Chunk 59
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3.3)%Hotel346 357 (11)(3.1)%689 719 (30)(4.2)%Other138 152 (14)(9.2)%269 292 (23)(7.9)%Net revenues$1,054 $1,101 $(47)(4.3)%$2,057 $2,129 $(72)(3.4)%Table games drop$740 $779 $(39)(5.0)%$1,484 $1,621 $(137)(8.5)%Table games hold %21.1 %21.9 %(0.8) pts20.1 %20.0 %0.1 ptsSlot handle$2,538 $2,583 $(45)(1.7)%$5,110 $5,132 $(22)(0.4)%Hotel occupancy96.8 %98.7 %(1.9) pts96.5 %98.2 %(1.7) ptsAdjusted EBITDA$469 $514 $(45)(8.8)%$902 $954 $(52)(5.5)%Adjusted EBITDA margin44.5 %46.7 %(2.2) pts43.9 %44.8 %(0.9) ptsNet income attributable to Caesars$212 $272 $(60)(22.1)%$389 $470 $(81)(17.2)%

Our Las Vegas segment’s net revenues, net income, Adjusted EBITDA and Adjusted EBITDA margin decreased for the three and six months ended June 30, 2025, as compared to the same prior year periods, primarily due to a decline in non-gaming revenues, consistent with visitation trends city-wide, as compared to the three and six months ended June 30, 2024. In addition, other revenue declined as compared to the same prior year periods primarily due to the sale of the LINQ Promenade during the fourth quarter of 2024.

Slot win percentage in the Las Vegas segment for the three and six months ended June 30, 2025 was within our typical range.

Regional Segment

Three Months Ended June 30,Percent ChangeSix Months Ended June 30,Percent Change(Dollars in millions)20252024Variance20252024VarianceNet revenues:Casino$1,045