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

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CHDNGaming — Gaming Taxes
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BYDManaged And Other — CapEx
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BYDManaged And Other — Goodwill
$0

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 managed and branded — gaming taxes?
Caesars Entertainment, Inc. (CZR) reported managed and branded — gaming taxes of $0 in Q2 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.

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