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Caesars Entertainment, Inc. CZR Las Vegas — Gaming Taxes

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Other financials

Income statement

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Revenue$3.0B+3.0%
Operating income$513.0M-2.5%
Net income-$62.0M+24.4%
EPS (diluted)-$0.30+23.1%

Balance sheet

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Cash & equivalents$965.0M-1.7%
Total debt$24.9B-1.2%
Total equity$3.4B-13.4%
Total assets$31.7B-2.3%

Cash flow

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Operating cash flow$471.0M+1.9%
CapEx$167.0M-27.4%
Free cash flow$304.0M+31.0%

Valuation

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Market cap$6.12B+18.3%
Enterprise value$30.01B+2.2%
P/S0.5×+0.1×

Profitability

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Operating margin15.9%-4.5pp
Net margin-4%-23.5pp
FCF margin5.2%

Returns & leverage

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Return on equity-12.8%-36.2pp
Debt / equity7.4×+0.9×
Current ratio0.9×0.0×

Where this comes from

Reported directly by Caesars Entertainment, Inc. in its filing.

Tagged under the XBRL concept czr:GamingTaxes.

The source filing: Caesars Entertainment, Inc.’s 10-Q, filed July 28, 2026.

Filed
Jul 28, 2026, 4:14 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001590895-26-000028
(In millions)Las VegasRegionalCaesars DigitalManaged and BrandedCorporate and OtherTotal
Net revenues$1,017$1,570$351$57$(2)$2,993
Gaming taxes(30)(338)(99)
Labor expense(318)(341)
Other segment expenses (a)(259)(403)(184)(41)(60)
Adjusted EBITDA$410$488$68$16$(62)$920

Item 1. Unaudited Financial Statements

FAQ

What is Caesars Entertainment, Inc.'s las vegas — gaming taxes?
Caesars Entertainment, Inc. (CZR) reported las vegas — gaming taxes of $30M in Q2 2026.
How has Caesars Entertainment, Inc.'s las vegas — gaming taxes changed year-over-year?
Caesars Entertainment, Inc.'s las vegas — gaming taxes decreased by 6.3% year-over-year, from $32M to $30M.
What is the long-term trend for Caesars Entertainment, Inc.'s las vegas — gaming taxes?
Over 3 years (2022 to 2025), Caesars Entertainment, Inc.'s las vegas — gaming taxes has grown at a -3.8% compound annual growth rate (CAGR), from $137M to $122M.
What does las vegas — gaming taxes mean?
Reflects the mandatory taxes paid to regulatory authorities based on gaming revenue generated within the Las Vegas jurisdiction. Monitoring this expense is essential for understanding the regulatory cost burden and its impact on segment margins.

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