secwatch.observer — SEC 8-K summary
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Issuer:     Caesars Entertainment, Inc. (CZR)
CIK:        0001590895
Form:       8-K
Filed at:   2024-10-29T23:59:59+00:00
Accession:  0001590895-24-000136
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Caesars Q3 2024 net loss $9M; Digital EBITDA surges to $52M, but regional revenue falls 7.6%
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- GAAP net revenues $2.9B (-2.6% same-store YoY); GAAP net loss $9M vs income $74M.
- Same-store Adjusted EBITDA flat at $1.0B; Regional EBITDA fell 13.4% due to new competition.
- Caesars Digital set record Adjusted EBITDA of $52M (up from $2M) on 40.9% revenue growth.
- Total debt $12.7B, cash $802M; closed $1.1B senior unsecured refinancing for interest savings.
- Received $250M cash from World Series of Poker brand sale; nearing completion of New Orleans and Virginia projects.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1590895/000159089524000136/0001590895-24-000136-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1590895/000159089524000136/czr-20241029.htm
  HTML page:      https://secwatch.observer/filing/0001590895-24-000136

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