Company: CZR
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0001590895-25-000130
Chunk: 88

Company: Caesars Entertainment, Inc.
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 8
Chunk 88
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 for the nine months ended September 30, 2025 and 2024 totaled $171 million and $164 million, respectively, and are included within operating expenses. Advertising costs related to the Caesars Digital segment are primarily recorded in Casino expense.Interest Expense, netThree Months Ended September 30,Nine Months Ended September 30,(In millions)2025202420252024Interest expense$582 $616 $1,751 $1,837 Capitalized interest(1)(18)(4)(51)Interest income(5)(2)(18)(6)Total interest expense, net$576 $596 $1,729 $1,780 Recently Issued Accounting PronouncementsPronouncements to Be Implemented in Future PeriodsIn September 2025, the Financial Accounting Standards Board (“FASB’) issued Accounting Standards Update (“ASU’) 2025-06, “Intangibles-Goodwill and Other-Internal-Use Software: Targeted Improvements to the Accounting for Internal-Use Software.” Currently, entities are required to capitalize development costs incurred for internal-use software depending on the nature of the costs and project stage. The amendments in this update improve the operability of the guidance by removing all references to software development project stages so that guidance is neutral to different software development methods. Amendments in this update are effective for all entities for annual periods beginning after December 15, 2027. An entity may apply the new guidance prospectively, a modified transition approach based on status of project, or retrospectively. We do not expect the amendments in this update to have a material impact on our Financial Statements.In July 2025, the FASB issued ASU 2025-05, “Financial Instruments-Credit Losses: Measurement of Credit Losses for Accounts Receivable and Contract Assets.” Amendments in this update provide all entities with a practical expedient in developing reasonable and supportable forecasts when estimating expected credit losses, allowing entities to assume that current conditions as of the balance sheet date do not change for the remaining life of the asset. Amendments in the update should be applied prospectively and will be effective for annual reporting periods beginning after December 15, 2025. We do not expect the amendments in this update to have a material impact on our Financial Statements.

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

In November