Company: CZR
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001590895-25-000068
Chunk: 661

Company: Caesars Entertainment, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 1A
Chunk 661
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.Years Ended December 31,(In millions)202420232022Las Vegas:Net revenues$4,274 $4,470 $4,287 Adjusted EBITDA1,907 2,016 1,964 Regional:Net revenues5,539 5,778 5,704 Adjusted EBITDA1,810 1,962 1,985 Caesars Digital:Net revenues1,163 973 548 Adjusted EBITDA117 38 (666)Managed and Branded:Net revenues274 307 282 Adjusted EBITDA71 76 84 Corporate and Other:Net revenues(5)— — Adjusted EBITDA(166)(154)(124)Disaggregation of Certain Significant Expenses by SegmentYear Ended December 31, 2024(In millions)Las VegasRegionalCaesars DigitalManaged and BrandedCorporate and OtherTotalNet revenues$4,274 $5,539 $1,163 $274 $(5)$11,245 Gaming taxes(129)(1,202)(303)— — Labor expense(1,177)(1,144)— — — Other segment expenses (b)(1,061)(1,383)(743)(203)(161)Adjusted EBITDA$1,907 $1,810 $117 $71 $(166)$3,739 Year Ended December 31, 2023(In millions)Las VegasRegionalCaesars DigitalManaged and BrandedCorporate and OtherTotalNet revenues$4,470 $5,778 $973 $307 $— $11,528 Gaming taxes(139)(1,269)(245)— — Labor expense (a)(1,175)(1,154)— — — Other segment expenses (b)(1,140)(1,393)(690)(231)(154)Adjusted EBITDA$2,016 $1,962 $38 $76 $(154)$3,938 

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CAESARS ENTERTAINMENT, INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)

Year Ended December 31, 2022(In millions)Las VegasRegionalCaesars DigitalManaged and BrandedCorporate and OtherTotalNet revenues$4,287 $5,704 $548 $282 $— $10,821