---
schema_version: "secwatch.filing_event.v1"
accession: "0001590895-23-000089"
form_type: "8-K"
ticker: "CZR"
cik: "0001590895"
company_name: "Caesars Entertainment, Inc."
filed_at: "2023-08-01T23:59:59+00:00"
generated_at: "2026-06-12T18:15:11.772722+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Caesars Q2 net income $920M on $940M tax benefit; Digital reaches positive EBITDA

## Summary
- GAAP net income of $920M vs loss of $123M YoY, driven by $940M deferred tax asset valuation allowance release.
- Same-store Adjusted EBITDA of $1.007B, up 3% YoY; Las Vegas EBITDA fell 6.4% to $512M.
- Caesars Digital posted first positive adjusted EBITDA of $11M vs loss of $69M in prior year quarter.
- Net leverage at 4.2x; permanently repaid $250M Baltimore Term Loan on July 17; total debt $12.7B.
- GAAP net revenues $2.9B, up 2.1% on same-store basis from $2.82B.

## SEC filing metadata
- accession: 0001590895-23-000089
- form_type: 8-K
- ticker: CZR
- cik: 0001590895
- company_name: Caesars Entertainment, Inc.
- filed_at: 2023-08-01T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/1590895/000159089523000089/0001590895-23-000089-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1590895/000159089523000089/czr-20230801.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001590895-23-000089
- JSON: https://secwatch.observer/filing/0001590895-23-000089.json
- Plain text: https://secwatch.observer/filing/0001590895-23-000089.txt

## Key facts
- Earnings Releases
  Caesars Entertainment, Inc. reported the quarter ended June 30, 2023 results: revenue $2.9 billion, net income $920 million.
  - Period: the quarter ended June 30, 2023
  - Revenue: $2.9 billion
  - Net income: $920 million
  - Result: reported results
  source text: Second Quarter 2023 and Recent Highlights: • GAAP net revenues of $2.9 billion versus $2.8 billion for the comparable prior-year period. • GAAP net income of $920 million compared to net loss of $123 million for the comparable prior-year period,
  evidence_url: https://www.sec.gov/Archives/edgar/data/1590895/000159089523000089/0001590895-23-000089-index.htm

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