secwatch.observer — SEC 8-K summary
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Issuer:     Caesars Entertainment, Inc. (CZR)
CIK:        0001590895
Form:       8-K
Filed at:   2024-04-30T23:59:59+00:00
Accession:  0001590895-24-000086
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1590895/000159089524000086/0001590895-24-000086-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1590895/000159089524000086/czr-20240430.htm
  HTML page:      https://secwatch.observer/filing/0001590895-24-000086

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