Company: CZR
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001590895-25-000126
Chunk: 154

Company: Caesars Entertainment, Inc.
Filing Date: 2025-07-29
Form: 10-Q
Item: Part I, Item 2
Chunk 154
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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 Regional segment recognized in the second quarter of 2024, with no comparable charges in the current year.

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

Caesars Digital Segment

Three Months Ended June 30,Percent ChangeSix Months Ended June 30,Percent Change(Dollars in millions)20252024Variance20252024VarianceNet revenues:Casino (a)$331 $246 $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