Company: CZR
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001590895-25-000126
Chunk: 90

Company: Caesars Entertainment, Inc.
Filing Date: 2025-07-29
Form: 10-Q
Item: Part I, Item 8
Chunk 90
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 31, 2024(Dollars in millions)Useful LifeGross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying AmountAmortizing intangible assetsCustomer relationships3 - 7 years$593 $(463)$130 $593 $(432)$161 Gaming rights and other10 - 34 years262 (49)213 262 (42)220 Trademarks15 years313 (118)195 313 (109)204 Reacquired rights24 years250 (43)207 250 (38)212 Technology3 - 6 years129 (83)46 129 (70)59 $1,547 $(756)791 $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$4,068 $4,133 Amortization expense with respect to intangible assets totaled $33 million for both the three months ended June 30, 2025 and 2024, and for the six months ended June 30, 2025 and 2024 totaled $66 million and $69 million, respectively, 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$66 $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 the final outcome of such proceedings will not materially impact our consolidated financial condition or results of operations. Estimated losses are accrued for these proceedings when the loss is probable and can be estimated. While we maintain insurance coverage that we believe is adequate to mitigate certain risks of such proceedings, no assurance can be given that the amount or scope of existing insurance coverage will be sufficient to cover losses arising from such matters. The current liability for the