Company: CZR
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0001590895-25-000130
Chunk: 153

Company: Caesars Entertainment, Inc.
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 2
Chunk 153
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 insurance, expenses for administrative departments such as accounting, compliance, purchasing, human resources, legal, internal audit, property taxes and marketing expenses indirectly related to our gaming and non-gaming operations. 

Corporate expenses include unallocated expenses such as payroll, inclusive of the annual bonus, stock-based compensation, professional fees, cybersecurity and other various expenses not directly related to the Company’s operations.

Impairment charges were recorded within our Regional segment in June 2024 as a result of a decrease in projected future cash flows at certain properties primarily due to localized competition.

Depreciation and amortization expenses increased for the three and nine months ended September 30, 2025, as compared to the same prior year periods, primarily related to recently completed construction projects.

Transaction and other costs, net primarily includes non-cash losses on the write down and disposal of assets, gains and losses on the sale of certain assets, certain non-recurring litigation reserves, non-recurring asset recoveries, professional services for transaction and integration costs, various contract exit or termination costs, pre-opening costs in connection with our new property openings and non-cash changes in equity method investments. For the three months ended September 30, 2025, as compared to the same prior year period, transaction and other costs decreased due to non-recurring asset recoveries. For the nine months ended September 30, 2025, as compared to the same prior year period, transaction and other costs increased due to non-recurring litigation reserves. 

Other income (expenses)

Other income (expenses) were as follows:

Three Months Ended September 30,Percent ChangeNine Months Ended September 30,Percent Change(Dollars in millions)20252024Variance20252024VarianceInterest expense, net$(576)$(596)$20 3.4 %$(1,729)$(1,780)$51 2.9 %Loss on extinguishment of debt(4)— (4)*(4)(51)47 92.2 %Other income3 4 (1)(25.0)%3 29 (26)(89.7)%Benefit (provision) for income taxes25 (43)68 *1 (68)69 *

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*    Not meaningful.

Interest expense, net decreased for the three and nine months ended September 30, 2025, as compared to the same prior year periods, primarily due a reduction in outstanding debt and our strategic shift in our debt mix from