Company: CZR
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001590895-25-000068
Chunk: 1056

Company: Caesars Entertainment, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 2
Chunk 1056
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 rights and other10 - 34 years262 (42)220 242 (28)214 Trademarks15 years313 (109)204 313 (91)222 Reacquired rights24 years250 (38)212 250 (28)222 Technology3 - 6 years129 (70)59 110 (49)61 $1,547 $(691)856 $1,502 $(556)946 Non-amortizing intangible assetsTrademarks1,771 1,998 Gaming rights983 1,056 Caesars Rewards523 523 3,277 3,577 Total amortizing and non-amortizing intangible assets, net$4,133 $4,523 Amortization expense with respect to intangible assets for the years ended December 31, 2024, 2023 and 2022 totaled $135 million, $144 million and $187 million, respectively, which is included in Depreciation and amortization in the Statements of Operations. Estimated Five-Year Amortization Years Ended December 31,(In millions)20252026202720282029Estimated annual amortization expense$132 $132 $86 $45 $44 

Note 6. Accrued Other Liabilities

Accrued other liabilities consisted of the following:December 31,(In millions)20242023Contract and contract related liabilities (See Note 10)$592 $749 Accrued payroll and other related liabilities238 283 Accrued taxes205 202 Self-insurance claims and reserves (See Note 8)204 200 Operating lease liability (See Note 7)21 23 Accrued marketing21 23 Disputed claims liability— 26 Other accruals344 342 Total accrued other liabilities$1,625 $1,848 Disputed Claims LiabilityThe disputed claims liability represented certain unsecured claims related to Caesars Entertainment Corporation’s bankruptcy assumed from the Merger.

Note 7. Leases 

The Company has operating and finance leases for various real estate and equipment. Certain of the Company’s lease agreements include rental payments based on a percentage of sales over specified contractual amounts, rental payments adjusted periodically for inflation and rental payments based on usage. The Company’s leases include options to extend the lease term one month to 73 years. The Company’s lease agreements do not contain any