Company: CZR
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0001590895-25-000130
Chunk: 156

Company: Caesars Entertainment, Inc.
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 2
Chunk 156
---
 30,Percent ChangeNine Months Ended September 30,Percent Change(Dollars in millions)20252024Variance20252024VarianceNet revenues:Casino$1,084 $1,024 $60 5.9 %$3,159 $3,072 $87 2.8 %Food and beverage166 155 11 7.1 %465 429 36 8.4 %Hotel195 185 10 5.4 %497 473 24 5.1 %Other91 82 9 11.0 %238 222 16 7.2 %Net revenues$1,536 $1,446 $90 6.2 %$4,359 $4,196 $163 3.9 %Table games drop$1,203 $1,038 $165 15.9 %$3,359 $3,018 $341 11.3 %Table games hold %19.8 %21.2 %(1.4) pts20.4 %21.2 %(0.8) ptsSlot handle$11,373 $10,434 $939 9.0 %$32,734 $30,836 $1,898 6.2 %Adjusted EBITDA$506 $498 $8 1.6 %$1,385 $1,400 $(15)(1.1)%Adjusted EBITDA margin32.9 %34.4 %(1.5) pts31.8 %33.4 %(1.6) ptsNet income attributable to Caesars$56 $125 $(69)(55.2)%$65 $115 $(50)(43.5)%

Our Regional segment’s net revenues improved for the three and nine months ended September 30, 2025, as compared to the same prior year periods, primarily due to the positive results driven by our recently completed Caesars Virginia and Caesars New Orleans development projects. These increases were partially offset by the continued impact of competition and inclement weather in several of our regional markets, as well as construction disruption in Lake Tahoe. Adjusted EBITDA remained stable for the three and nine months ended September 30, 2025, as compared to the same prior year