secwatch.observer — SEC 8-K summary
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Issuer:     Caesars Entertainment, Inc. (CZR)
CIK:        0001590895
Form:       8-K
Filed at:   2023-10-31T23:59:59+00:00
Accession:  0001590895-23-000120
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Caesars Q3 revenue $3.0B, net income $74M; Adj. EBITDA record $1.04B
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- GAAP net revenues of $3.0B, up 3.7% YoY; GAAP net income $74M vs $52M in prior year.
- Consolidated Adjusted EBITDA $1.04B, all-time quarterly record, up 3.1% YoY.
- Caesars Digital turned positive: Adj. EBITDA $2M vs -$38M YoY; Regional segment posted record quarterly Adj. EBITDA.
- Total debt $12.5B, cash $841M; net debt reduced to $11.6B; net leverage 3.9x.
- Year-to-date debt reduction over $600M, including repayment of $250M Baltimore Term Loan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1590895/000159089523000120/0001590895-23-000120-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1590895/000159089523000120/czr-20231031.htm
  HTML page:      https://secwatch.observer/filing/0001590895-23-000120

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer