Caesars Entertainment, Inc. (NASDAQ: CZR)

Caesars Entertainment Inc is a geographically diversified gaming and hospitality company that operates casino properties, sports betting platforms, and online gaming services across North America. The company generates revenue from gaming operations including slot machines, table games, sports betting, and iGaming, as well as from non-gaming amenities such as hotels, restaurants, bars, entertainment venues, and retail outlets at its properties. The company operates through the following segments: Casino, Food and Beverage, Hotel, Management and Branding, and Entertainment and Other Non-Gaming Operations.

• The Casino segment includes casino properties, retail and online sports betting, and iGaming, generating revenues from approximately 51,400 slot machines, 2,700 table games, and sports betting operations, which represented approximately 58% of total net revenues in 2025.

• The Food and Beverage segment generates revenues from dining venues, bars, nightclubs, and lounges located throughout casinos, representing approximately 15% of total net revenues in 2025.

• The Hotel segment generates revenues from hotel stays at approximately 45,600 guest rooms and suites, representing approximately 17% of total net revenues in 2025.

• The Management and Branding segment earns revenue from fees paid for managing other hotels and casinos and from authorizing the use of Caesars Entertainment Inc's brands and marks under management and licensing agreements.

• The Entertainment and Other Non-Gaming Operations segment includes retail and entertainment offerings such as the Colosseum at Caesars Palace Las Vegas, PH Live at Planet Hollywood Resort & Casino, the High Roller observation wheel, Fly LINQ zipline, and CAESARS FORUM conference center.

Caesars Entertainment Inc holds a leading position in the North American gaming and hospitality industry, competing with other major casino operators such as MGM Resorts International, Wynn Resorts, and Penn Entertainment, as well as regional and tribal gaming entities. The company's competitive advantages include its nationally recognized brand portfolio, integrated digital platform (Liberty), extensive loyalty program (Caesars Rewards), and diversified revenue streams across gaming and non-gaming amenities.

The company serves a broad customer base consisting of gaming enthusiasts, leisure travelers, convention attendees, sports bettors, and entertainment seekers who visit its properties for casino gaming, hotel stays, dining, shows, and other amenities, including customers who engage with its online sports betting and iGaming apps such as Caesars Sportsbook, Caesars Racebook, Caesars Palace Online Casino, and Horseshoe Online Casino.