---
schema_version: "secwatch.filing_event.v1"
accession: "0001590895-24-000086"
form_type: "8-K"
ticker: "CZR"
cik: "0001590895"
company_name: "Caesars Entertainment, Inc."
filed_at: "2024-04-30T23:59:59+00:00"
generated_at: "2026-06-03T04:25:39.616333+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Caesars Q1 net loss widens to $158M; same-store EBITDA falls 10% as Las Vegas hold disappoints

## Summary
- GAAP net loss of $158M vs $136M loss prior year; revenue down 1.2% to $2.74B.
- Same-store Adjusted EBITDA fell 9.9% to $853M, with Las Vegas segment EBITDA down 15.7%.
- Caesars Digital turned positive: $5M Adjusted EBITDA vs -$4M; revenue up 18.5% to $282M.
- Total debt $12.4B; cash & equivalents $726M; company expects to reduce debt using free cash flow.
- Caesars Virginia JV closed $425M financing for permanent casino resort opening Dec 2024.

## SEC filing metadata
- accession: 0001590895-24-000086
- form_type: 8-K
- ticker: CZR
- cik: 0001590895
- company_name: Caesars Entertainment, Inc.
- filed_at: 2024-04-30T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1590895/000159089524000086/0001590895-24-000086-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1590895/000159089524000086/czr-20240430.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001590895-24-000086
- JSON: https://secwatch.observer/filing/0001590895-24-000086.json
- Plain text: https://secwatch.observer/filing/0001590895-24-000086.txt

## Key facts
- Earnings Releases
  Caesars Entertainment, Inc. reported first quarter ended March 31, 2024 results: revenue $2.7 billion, net income $158 million.
  - Period: first quarter ended March 31, 2024
  - Revenue: $2.7 billion
  - Net income: $158 million
  - Result: reported results
  source text: GAAP net revenues of $2.7 billion versus $2.8 billion for the comparable prior-year period.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1590895/000159089524000086/0001590895-24-000086-index.htm

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