Caesars Entertainment, Inc. is a geographically diversified gaming and hospitality company. It generates revenue primarily through its casino properties' gaming operations, which include retail and online sports betting and online gaming. The company also utilizes hotels, restaurants, bars, entertainment, racing, retail shops, and other services to attract customers. As of December 31, 2023, Caesars owns, leases, or manages 52 domestic properties across 18 states. The company also operates sports wagering across 31 jurisdictions in North America and iGaming in five jurisdictions.

• Employees: Approximately 51,000 (excluding tribal partners)
• Geographic Footprint: 18 states (domestic properties), 31 jurisdictions (sports wagering)
• Headquarters: Reno, Nevada
• Founded: 1973
• Number of locations/facilities: 52 (domestic properties)
• Revenue: $11.53 billion (FY2023)
• Market: NASDAQ Stock Market (CZR)
• Key Subsidiaries/Brands: Eldorado, Silver Legacy, Isle, Lady Luck, Tropicana, Circus Circus, Caesars, Flamingo, Harrah's, Horseshoe, Paris, Planet Hollywood, Caesars Rewards, Caesars Sportsbook, William Hill and WSOP.

• CEO: Thomas R. Reeg
• CFO: Bret Yunker
• Chief Administrative and Accounting Officer: Stephanie D. Lepori
• Board Chair: Gary L. Carano

• Annual Revenue: $11.53 billion (FY2023)
• Net Income: $828 million (FY2023)
• Total Assets: $33.37 billion (as of December 31, 2023)
• Key Financial Highlights: Net revenues increased by 6.5% year-over-year.

Caesars offers a wide array of products and services, including:

• Casino Operations: Approximately 51,300 slot machines and 2,700 table games, including poker, sports betting, and iGaming.
• Retail and Online Sports Betting and iGaming: Retail and online sports wagering across 31 jurisdictions, online poker, and hundreds of online casino games.
• Food and Beverage Operations: Dining venues, bars, nightclubs, and lounges.
• Hotel Operations: Approximately 44,700 guest rooms and suites worldwide.
• Entertainment and Other Non-Gaming Operations: Retail and entertainment offerings, including venues like the Colosseum at Caesars Palace and CAESARS FORUM.

Caesars operates through four main segments:

• Las Vegas: Includes properties in Las Vegas.
• Regional: Includes properties outside of Las Vegas.
• Caesars Digital: Includes online sports betting and iGaming.
• Managed and Branded: Includes managed properties and branded properties.

Caesars' strategic priorities include expanding into new markets as jurisdictions legalize retail and online gaming and sports betting. The company focuses on enhancing its digital platform and leveraging the Caesars Rewards loyalty program. Key strategic initiatives include:

• Expanding the Caesars Sportsbook app and iGaming offerings.
• Developing local and national partnerships with sports teams.
• Reinvesting in existing facilities and acquiring established facilities.
• Focusing on energy efficiency and conservation.

Caesars operates in the highly competitive casino entertainment industry. Key aspects of the industry include:

• Primary Industry: Casino entertainment, including gaming, hospitality, and entertainment.
• Market Trends: Increasing legalization of online betting and gaming, growing use of digital processes, and focus on non-gaming offerings in Las Vegas.
• Key Competitors: Other casino operators, online betting platforms, and various entertainment businesses.
• Market Position: Caesars is a geographically diversified gaming and hospitality company.

• Market Risks: Sensitivity to economic downturns and discretionary spending, intense competition in the gaming industry, and the impact of inflation and interest rates.
• Operational Risks: Dependence on third-party service providers, the risk of fraud, theft, and cheating, and reliance on key personnel.
• Financial Risks: Substantial indebtedness, exposure to interest rate volatility, and restrictions in debt agreements.
• Regulatory Risks: Extensive governmental regulation and taxation, and the impact of changes in gaming laws.
• Cybersecurity Risks: Potential compromises of information systems and unauthorized access to confidential customer data.