Company: CZR
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0001590895-25-000110
Chunk: 27

Company: Caesars Entertainment, Inc.
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 1
Chunk 27
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 and Other Intangible AssetsNon-Amortizing Intangible Assets(In millions)Amortizing Intangible AssetsGoodwillOtherBalances as of December 31, 2024$856 $10,601 $3,277 Amortization expense(33)— — Balances as of March 31, 2025$823 $10,601 $3,277 Gross Carrying Value and Accumulated Amortization of Intangible Assets Other Than GoodwillMarch 31, 2025December 31, 2024(Dollars in millions)Useful LifeGross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying AmountAmortizing intangible assetsCustomer relationships3 - 7 years$593 $(447)$146 $593 $(432)$161 Gaming rights and other10 - 34 years262 (46)216 262 (42)220 Trademarks15 years313 (114)199 313 (109)204 Reacquired rights24 years250 (41)209 250 (38)212 Technology3 - 6 years129 (76)53 129 (70)59 $1,547 $(724)823 $1,547 $(691)856 Non-amortizing intangible assets other than GoodwillTrademarks1,771 1,771 Gaming rights983 983 Caesars Rewards523 523 3,277 3,277 Total amortizing and non-amortizing intangible assets other than Goodwill, net$4,100 $4,133 Amortization expense with respect to intangible assets for the three months ended March 31, 2025 and 2024 totaled $33 million and $36 million, which is included in Depreciation and amortization in the Statements of Operations.Estimated Five-Year AmortizationRemaining 2025Years Ended December 31,(In millions)20262027202820292030Estimated amortization expense$99 $132 $86 $45 $44 $44 

Note 5. Litigation, Commitments and Contingencies 

LitigationGeneralWe are party to various legal proceedings, which have arisen in the normal course of our business. Such proceedings can be costly, time consuming, unpredictable and, therefore, no assurance can be given that