XML 48 R30.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Segment Information (Tables)
 3 Months Ended
Mar. 31, 2024
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 March 31, 2024:
Las VegasRegionalManaged and Branded
Caesars Palace Las Vegas
Caesars Atlantic City
Harveys Lake Tahoe
Managed
The Cromwell
Caesars Virginia (a)
Horseshoe Baltimore
Harrah’s Ak-Chin
Flamingo Las Vegas
Circus Circus RenoHorseshoe Black Hawk
Harrah’s Cherokee
Harrah’s Las Vegas
Eldorado Gaming Scioto DownsHorseshoe Bossier City
Harrah’s Cherokee Valley River
Horseshoe Las Vegas
Eldorado Resort Casino RenoHorseshoe Council Bluffs
Harrah’s Resort Southern California
The LINQ Hotel & Casino
Grand Victoria CasinoHorseshoe Hammond
Caesars Windsor
Paris Las Vegas
Harrah’s Atlantic City
Horseshoe Indianapolis Branded
Planet Hollywood Resort & Casino
Harrah’s Columbus Nebraska (b)
Horseshoe Lake CharlesCaesars Republic Scottsdale
Harrah’s Council Bluffs
Horseshoe St. Louis
Caesars Southern Indiana
Caesars Digital
Harrah’s Gulf Coast
Horseshoe Tunica
Harrah’s Northern California
Caesars Digital
Harrah’s Hoosier Park Racing & Casino
Isle Casino Bettendorf
Harrah’s Joliet
Isle of Capri Casino Boonville
Harrah’s Lake Tahoe
Isle of Capri Casino Lula
Harrah’s Laughlin
Isle Casino Waterloo
Harrah’s Metropolis
Lady Luck Casino - Black Hawk
Harrah’s New Orleans
Silver Legacy Resort Casino
Harrah’s North Kansas City
Trop Casino Greenville
Harrah’s Philadelphia
Tropicana Atlantic City
Harrah’s Pompano Beach
Tropicana Laughlin Hotel & Casino
____________________
(a)Temporary gaming facility opened on May 15, 2023. The construction of the permanent facility of Caesars Virginia is expected to be completed in December 2024.
(b)Temporary gaming facility opened on June 12, 2023 and closed on March 20, 2024 in anticipation of the permanent facility opening in May 2024.
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:
Three Months Ended March 31,
(In millions)20242023
Las Vegas:
Net revenues$1,028 $1,131 
Adjusted EBITDA440 533 
Regional:
Net revenues1,365 1,389 
Adjusted EBITDA433 448 
Caesars Digital:
Net revenues282 238 
Adjusted EBITDA5 (4)
Managed and Branded:
Net revenues68 69 
Adjusted EBITDA18 19 
Corporate and Other:
Net revenues(1)3 
Adjusted EBITDA(43)(38)
Three Months Ended March 31,
(In millions)20242023
Net loss attributable to Caesars$(158)$(136)
Net income attributable to noncontrolling interests16 — 
(Benefit) provision for income taxes15 (49)
Other income (a)
(26)(3)
Loss on extinguishment of debt48 197 
Interest expense, net590 594 
Depreciation and amortization327 300 
Transaction costs and other, net (b)
16 28 
Stock-based compensation expense25 27 
Adjusted EBITDA$853 $958 
Adjusted EBITDA by Segment:
Las Vegas$440 $533 
Regional433 448 
Caesars Digital5 (4)
Managed and Branded18 19 
Corporate and Other(43)(38)
____________________
(a)Other income for the three months ended March 31, 2024 primarily represents a change in estimate of our disputed claims liability.
(b)Transaction costs and other, net primarily includes costs related to non-cash losses on the write down and disposal of assets, professional services for transaction and integration costs, various contract exit or termination costs, pre-opening costs in connection with our temporary facility openings, and non-cash changes in equity method investments.
Schedule of Balance Sheet Information for Reportable Segments
Total Assets - By Segment
(In millions)March 31, 2024December 31, 2023
Las Vegas$24,425 $24,230 
Regional15,423 15,291 
Caesars Digital999 1,095 
Managed and Branded 240 224 
Corporate and Other (a)
(8,028)(7,474)
Total$33,059 $33,366 
____________________
(a)Includes eliminations of transactions among segments, to reconcile to the Company’s consolidated results.