---
schema_version: "secwatch.filing_event.v1"
accession: "0001590895-23-000076"
form_type: "8-K"
ticker: "CZR"
cik: "0001590895"
company_name: "Caesars Entertainment, Inc."
filed_at: "2023-05-02T23:59:59+00:00"
generated_at: "2026-06-16T03:30:47.871091+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Caesars Q1 revenue $2.8B; Las Vegas EBITDA record $533M; digital loss narrows to $4M

## Summary
- GAAP net revenues $2.8B (+23.7% YoY); net loss of $136M vs $680M loss in prior year.
- Same-store Adjusted EBITDA $958M, up from $296M (prior year included $554M digital loss).
- Las Vegas segment posted record Q1 Adjusted EBITDA of $533M (+33.3%).
- Caesars Digital Adjusted EBITDA loss narrowed to $4M from $554M; revenue turned positive at $238M.
- Redeemed $400M Forum Convention Center mortgage note; expects $32M annual interest savings.

## SEC filing metadata
- accession: 0001590895-23-000076
- form_type: 8-K
- ticker: CZR
- cik: 0001590895
- company_name: Caesars Entertainment, Inc.
- filed_at: 2023-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1590895/000159089523000076/0001590895-23-000076-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1590895/000159089523000076/czr-20230502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001590895-23-000076
- JSON: https://secwatch.observer/filing/0001590895-23-000076.json
- Plain text: https://secwatch.observer/filing/0001590895-23-000076.txt

## Key facts
- Earnings Releases
  Caesars Entertainment, Inc. reported the quarter ended March 31, 2023 results: revenue $2.8 billion, net income GAAP net loss of $136 million.
  - Period: the quarter ended March 31, 2023
  - Revenue: $2.8 billion
  - Net income: GAAP net loss of $136 million
  - Result: reported results
  source text: GAAP net revenues of $2.8 billion versus $2.3 billion for the comparable prior-year period.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1590895/000159089523000076/0001590895-23-000076-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.