Company: CZR
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001590895-25-000068
Chunk: 69

Company: Caesars Entertainment, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 8
Chunk 69
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 — — 21 — Acquisition of gaming rights and customer relationships26 30 — 4 26 34 Other (a)(2)— (180)— (182)— Balance as of December 31$856 $946 $3,277 $3,577 $4,133 $4,523 ____________________(a)Includes sale of the WSOP trademark, see Note 3.

Table of Contents72

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

Gross Carrying Amount and Accumulated Amortization of Intangible Assets Other Than GoodwillDecember 31, 2024December 31, 2023(Dollars in millions)Useful LifeGross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying AmountAmortizing intangible assetsCustomer relationships3 - 7 years$593 $(432)$161 $587 $(360)$227 Gaming 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