Company: CZR
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001590895-25-000068
Chunk: 499

Company: Caesars Entertainment, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 8
Chunk 499
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ollectible Accounts ReceivableAn estimated allowance for doubtful accounts is maintained to reduce the Company’s receivables to their carrying amount, which approximates fair value. The allowance is estimated based on specific review of customer accounts, historical collection experience, customer relationships and reasonable forecasts which consider current economic and business conditions to reflect current expected credit loss. As with many estimates, management must make judgments about potential actions by third parties in establishing and evaluating our reserves for bad debts.Accounts Receivable, NetDecember 31,(In millions)20242023Casino$206 $274 Food and beverage and hotel107 118 Other157 216 Accounts receivable, net$470 $608 Allowance for Doubtful Accounts(In millions)ContractsOther (a)TotalBalance as of January 1, 2022$110 $20 $130 Provision for doubtful accounts13 12 25 Write-offs less recoveries(22)(15)(37)Balance as of December 31, 2022101 17 118 Provision for doubtful accounts29 12 41 Write-offs less recoveries(49)(17)(66)Balance as of December 31, 2023 81 12 93 Provision for doubtful accounts37 12 49 Write-offs less recoveries(31)(12)(43)Balance as of December 31, 2024$87 $12 $99 ____________________(a)“Other” includes allowance associated with lease receivables under ASC 842. See Note 7 for further details.

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

Contract and Contract Related LiabilitiesThe Company records contract or contract related liabilities related to differences between the timing of cash receipts from the customer and the recognition of revenue. The Company generally has three types of liabilities related to contracts with customers: (1) outstanding chip liability, which represents the amounts owed in exchange for gaming chips held by customers,(2) Caesars Rewards player loyalty program obligations, which represent the deferred allocation of revenue relating to reward credits granted to Caesars Rewards members based on certain types of customer spend, including online and retail gaming, hotel, dining, retail shopping, and player loyalty program incentives earned, and (3) customer deposits and other deferred revenue, which primarily represents funds deposited by customers related to gaming play and advance payments received for goods and services yet to