What does managed and branded — gaming taxes mean?

This metric represents the mandatory taxes and fees paid to regulatory authorities based on gaming revenues generated within the managed and branded segment. It is a significant operating cost that fluctuates directly with the volume of gaming activity at these properties. Monitoring this helps investors understand the regulatory cost burden and its impact on segment margins.

Caesars Entertainment, Inc. CZR Managed And Branded — Gaming Taxes

Similar metrics at other companies

CHDNGaming — Gaming Taxes

$75M+4.2%

MGMMGM Digital — Gaming taxes

$45.63M+49.0%

CHDNLive and Historical — Gaming Taxes

$2M0.0%

MGMRegional Operations — Gaming taxes

$188.51M+2.1%

CHDNWagering Services and Solutions — Gaming Taxes

$0—

LVSUnited States — Gaming taxes

$0—

Other financials

Income statement

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Revenue$2.9B+2.7%

Operating income$500.0M+2.5%

Net income-$98.0M+14.8%

EPS (diluted)-$0.48+11.1%

Balance sheet

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Cash & equivalents$867.0M-1.9%

Total debt$24.9B-0.6%

Total equity$3.4B-15.7%

Total assets$31.7B-2.3%

Cash flow

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Operating cash flow$204.0M-6.4%

CapEx$168.0M-24.7%

Free cash flow$36.0M+820%

Valuation

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Market cap$5.95B+1.5%

Enterprise value$30.01B-0.2%

P/S0.5×0.0×

Profitability

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Operating margin16.2%-4.2pp

Net margin-4.2%+52.8pp

FCF margin4.7%—

Returns & leverage

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Return on equity-13%-68.9pp

Debt / equity7.3×+1.1×

Current ratio0.8×0.0×

Where this comes from

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

Tagged under the XBRL concept czr:GamingTaxes.

The official record: Caesars Entertainment, Inc.’s 10-Q, filed April 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Caesars Entertainment, Inc.'s managed and branded — gaming taxes?: Caesars Entertainment, Inc. (CZR) reported managed and branded — gaming taxes of $0 in Q1 2026.
What does managed and branded — gaming taxes mean?: This metric represents the mandatory taxes and fees paid to regulatory authorities based on gaming revenues generated within the managed and branded segment. It is a significant operating cost that fluctuates directly with the volume of gaming activity at these properties. Monitoring this helps investors understand the regulatory cost burden and its impact on segment margins.