secwatch.observer — SEC 8-K summary
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Issuer:     Caesars Entertainment, Inc. (CZR)
CIK:        0001590895
Form:       8-K
Filed at:   2024-07-30T23:59:59+00:00
Accession:  0001590895-24-000122
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Caesars Q2 net loss $122M; same-store EBITDA flat at $1B; digital EBITDA record $40M
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- GAAP net revenues $2.8B, down 0.1% same-store; net loss $122M vs $915M net income (prior-year had $940M tax benefit).
- Las Vegas same-store revenue +1.9%, adjusted EBITDA $514M (+1.2%); regional revenue -5.2%, EBITDA $469M (-7.7%).
- Caesars Digital revenue $276M (+27.8%), adjusted EBITDA record $40M vs $11M.
- Total debt $12.4B, cash $830M, net debt $11.6B; repaid $100M+ on Term Loan B in Q2.
- FY 2024 capex guidance $800M (excl. Danville JV); permanent Danville and Caesars New Orleans opening expected.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1590895/000159089524000122/0001590895-24-000122-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1590895/000159089524000122/czr-20240730.htm
  HTML page:      https://secwatch.observer/filing/0001590895-24-000122

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