v3.25.1
Revenue Recognition (Tables)
3 Months Ended
Mar. 31, 2025
Revenue from Contract with Customer [Abstract]  
Schedule of Net Revenues Disaggregated by Type of Revenue and Reportable Segment
The Company’s Statements of Operations present net revenue disaggregated by type or nature of the good or service. A summary of net revenues disaggregated by type of revenue and reportable segment is presented below. Refer to Note 12 for additional information on the Company’s reportable segments.
Three Months Ended March 31, 2025
(In millions)Las VegasRegionalCaesars DigitalManaged and BrandedCorporate and OtherTotal
Casino$243 $1,030 $324 $— $(3)$1,594 
Food and beverage286 149 — — — 435 
Hotel343 139 — — — 482 
Other131 70 11 67 4 283 
Net revenues$1,003 $1,388 $335 $67 $1 $2,794 
Three Months Ended March 31, 2024
(In millions)Las VegasRegionalCaesars DigitalManaged and BrandedCorporate and OtherTotal
Casino$239 $1,031 $266 $— $(1)$1,535 
Food and beverage287 135 — — — 422 
Hotel362 131 — — — 493 
Other140 68 16 68 — 292 
Net revenues$1,028 $1,365 $282 $68 $(1)$2,742 
Schedule of Accounts Receivable, Net
Accounts Receivable, Net
(In millions)March 31, 2025December 31, 2024
Casino$159 $206 
Food and beverage and hotel121 107 
Other160 157 
Accounts receivable, net$440 $470 
Schedule of Activity Related to Contract and Contract-Related Liabilities
The following table summarizes the activity related to contract and contract related liabilities:
Outstanding Chip LiabilityCaesars RewardsCustomer Deposits and Other Deferred Revenue
(In millions)202520242025202420252024
Balance at January 1$47 $42 $79 $86 $549 $693 
Balance at March 3134 39 81 85 491 631 
Increase / (decrease)$(13)$(3)$2 $(1)$(58)$(62)