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Segment Information (Tables) | 12 Months Ended
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Dec. 31, 2021
Segment Reporting [Abstract] |
Schedule of Operating Data for Reportable Segments | The following table sets forth certain information regarding our properties (listed by segment in which each property is reported) as of December 31, 2021:
Las Vegas |  | Regional |  | Managed and Branded
Bally’s Las Vegas |  | Belle of Baton Rouge Casino & Hotel (a) |  | Horseshoe Bossier City |  | Managed
Caesars Palace Las Vegas |  | Caesars Atlantic City |  | Horseshoe Council Bluffs |  | Harrah’s Ak-Chin
The Cromwell |  | Circus Circus Reno |  | Horseshoe Hammond |  | Harrah’s Cherokee
Flamingo Las Vegas |  | Eldorado Gaming Scioto Downs |  | Horseshoe Tunica |  | Harrah’s Cherokee Valley River
Harrah’s Las Vegas |  | Eldorado Resort Casino Reno |  | Indiana Grand |  | Harrah’s Resort Southern California
The LINQ Hotel & Casino |  | Grand Victoria Casino |  | Isle Casino Bettendorf |  | Caesars Windsor
Paris Las Vegas |  | Harrah’s Atlantic City |  | Isle of Capri Casino Boonville |  | Caesars Dubai
Planet Hollywood Resort & Casino |  | Harrah’s Council Bluffs |  | Isle of Capri Casino Hotel Lake Charles (c) |  | Branded
Rio All-Suite Hotel & Casino |  | Harrah’s Gulf Coast |  | Isle of Capri Casino Lula |  | Caesars Southern Indiana (d)
|  | Harrah’s Joliet |  | Isle Casino Hotel - Blackhawk |  | Harrah’s Northern California
Caesars Digital |  | Harrah’s Lake Tahoe |  | Isle Casino Racing Pompano Park |  |
Caesars Digital |  | Harrah’s Laughlin |  | Isle Casino Waterloo |  |
|  | Harrah’s Louisiana Downs (a) |  | Lady Luck Casino - Black Hawk |  |
|  | Harrah’s Metropolis |  | Lumière Place Casino |  |
|  | Harrah’s New Orleans |  | MontBleu Casino Resort & Spa (a) |  |
|  | Harrah’s North Kansas City |  | Silver Legacy Resort Casino |  |
|  | Harrah’s Philadelphia |  | Trop Casino Greenville |  |
|  | Harveys Lake Tahoe |  | Tropicana Atlantic City |  |
|  | Harrah’s Hoosier Park Racing & Casino |  | Tropicana Evansville (a) |  |
|  | Horseshoe Baltimore (c) |  | Tropicana Laughlin Hotel & Casino |  |
___________________ (a)During the year ended December 31, 2021, these properties were sold or held for sale. See Note 4 for additional details. (b)On August 26, 2021, the Company increased its ownership interest in Horseshoe Baltimore to 75.8% and began to consolidate the property in our Regional segment following the change in ownership. Management fees prior to the consolidation of Horseshoe Baltimore have been reflected in the Managed and Branded segment. (c)Lake Charles has been temporarily closed since the end of August 2020 due to damage from Hurricane Laura and will remain closed until the second half of 2022 when construction of a new land-based casino is expected to be complete. (d)The sale of Caesars Southern Indiana closed on September 3, 2021 and the Company entered into a license agreement with the Eastern Band of Cherokee Indians for the continued use of the Caesars brand and the Caesars Rewards loyalty program at Caesars Southern Indiana. The following table sets forth, for the periods indicated, certain operating data for the Company’s four reportable segments, in addition to Corporate and Other. We recast previously reported segment amounts to conform to the way management assesses results and allocates resources for the current year.
| Years Ended December 31,
(In millions) | 2021 |  | 2020 |  | 2019
Las Vegas: |  |  |  |  |
Net revenues | $ | 3,409 |  |  | $ | 751 |  |  | $ | — |
Adjusted EBITDA | 1,568 |  |  | 133 |  |  | — |
Regional: |  |  |  |  |
Net revenues | 5,537 |  |  | 2,660 |  |  | 2,494 |
Adjusted EBITDA | 1,979 |  |  | 711 |  |  | 719 |
Caesars Digital: |  |  |  |  |
Net revenues | 337 |  |  | 95 |  |  | 26 |
Adjusted EBITDA | (476) |  |  | 26 |  |  | 13 |
Managed and Branded: |  |  |  |  |
Net revenues | 278 |  |  | 107 |  |  | — |
Adjusted EBITDA | 87 |  |  | 25 |  |  | — |
Corporate and Other: |  |  |  |  |
Net revenues | 9 |  |  | 15 |  |  | 8 |
Adjusted EBITDA | (168) |  |  | (101) |  |  | (35) |
| Years Ended December 31,
(In millions) | 2021 |  | 2020 |  | 2019
Adjusted EBITDA by Segment: |  |  |  |  |
Las Vegas | $ | 1,568 |  |  | $ | 133 |  |  | $ | — |
Regional | 1,979 |  |  | 711 |  |  | 719 |
Caesars Digital | (476) |  |  | 26 |  |  | 13 |
Managed and Branded | 87 |  |  | 25 |  |  | — |
Corporate and Other | (168) |  |  | (101) |  |  | (35) |
| 2,990 |  |  | 794 |  |  | 697 |
Reconciliation to net income (loss) attributable to Caesars: |  |  |  |  |
Net (income) loss attributable to noncontrolling interests | (3) |  |  | 1 |  |  | — |
Net loss from discontinued operations | (30) |  |  | (20) |  |  | — |
Benefit (provision) for income taxes | 283 |  |  | (132) |  |  | (44) |
Other income (loss) (a) | (198) |  |  | 176 |  |  | 9 |
Loss on extinguishment of debt | (236) |  |  | (197) |  |  | (8) |
Interest expense, net | (2,295) |  |  | (1,202) |  |  | (286) |
Depreciation and amortization | (1,126) |  |  | (583) |  |  | (222) |
Impairment charges | (102) |  |  | (215) |  |  | (1) |
Transaction costs and other operating costs (b) | (144) |  |  | (270) |  |  | (37) |
Stock-based compensation expense | (82) |  |  | (79) |  |  | (20) |
Other items (c) | (76) |  |  | (30) |  |  | (7) |
Net income (loss) attributable to Caesars | $ | (1,019) |  |  | $ | (1,757) |  |  | $ | 81 |
____________________ (a)Other income (loss) for the year ended December 31, 2021 primarily represents a loss on the change in fair value of investments held by the Company and a loss on the change in fair value of the derivative liability related to the 5% Convertible Notes. (b)Transaction costs and other operating costs for the year ended December 31, 2021 primarily represent costs related to the William Hill Acquisition and the Merger, various contract or license termination exit costs, professional services, other acquisition costs and severance costs. (c)Other items primarily represent certain consulting and legal fees, rent for non-operating assets, relocation expenses, retention bonuses, and business optimization expenses.
Schedule of Capital Expenditures, Net for Reportable Segments |
Capital Expenditures, Net - By Segment |  |  |  |  |
| Years Ended December 31,
(In millions) | 2021 |  | 2020 |  | 2019
Las Vegas | $ | 85 |  |  | $ | 32 |  |  | $ | — |
Regional (a) | 327 |  |  | 104 |  |  | 166 |
Caesars Digital | 67 |  |  | — |  |  | — |
Managed and Branded | — |  |  | — |  |  | — |
Corporate and Other | 39 |  |  | 33 |  |  | 5 |
Total | $ | 518 |  |  | $ | 169 |  |  | $ | 171 |
___________________ (a)Includes $2 million and $5 million of capital expenditures related to properties classified as discontinued operations for the years ended December 31, 2021 and 2020, respectively.
Schedule of Balance Sheet Information for Reportable Segments |
Total Assets - By Segment |  |  |
| December 31,
(In millions) | 2021 |  | 2020
Las Vegas | $ | 22,374 |  |  | $ | 21,464 |
Regional | 14,419 |  |  | 13,732 |
Caesars Digital | 1,878 |  |  | 323 |
Managed and Branded | 3,527 |  |  | 225 |
Corporate and Other | (4,167) |  |  | 641 |
Total | $ | 38,031 |  |  | $ | 36,385 |

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