Company: CZR
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0001590895-25-000130
Chunk: 90

Company: Caesars Entertainment, Inc.
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 8
Chunk 90
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 for impairment annually on October 1 of each year, or whenever events or circumstances make it more likely than not that an impairment may have occurred. When such events or circumstances are noted, the Company then compares estimated future cash flows, discounted, to the carrying value of the asset. If the discounted cash flows exceed the carrying value, no impairment is recorded. Impairment charges are presented on the Statements of Operations.During the three and nine months ended September 30, 2025, the Company did not recognize any impairment charges. During the nine months ended September 30, 2024, the Company recognized impairment charges in our Regional segment related to trademarks, gaming rights and goodwill totaling $118 million.Changes in Carrying Value of Goodwill and Other Intangible AssetsNon-Amortizing Intangible Assets(In millions)Amortizing Intangible AssetsGoodwillOtherBalances as of December 31, 2024$856 $10,601 $3,277 Amortization expense(99)— — Acquisition of customer relationships1 — — Other1 — — Balances as of September 30, 2025$759 $10,601 $3,277 

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

Gross Carrying Value and Accumulated Amortization of Intangible Assets Other Than GoodwillSeptember 30, 2025December 31, 2024(Dollars in millions)Useful LifeGross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying AmountAmortizing intangible assetsCustomer relationships1 - 7 years$595 $(479)$116 $593 $(432)$161 Gaming rights and other10 - 34 years262 (53)209 262 (42)220 Trademarks15 years313 (123)190 313 (109)204 Reacquired rights24 years250 (46)204 250 (38)212 Technology3 - 6 years129 (89)40 129 (70)59 $1,549 $(790)759 $1,547 $(691)856 Non-amortizing intangible assets other than GoodwillTrademarks1,771 1