Welcome to our dedicated page for Caesars Entertainment SEC filings (Ticker: CZR), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Caesars Entertainment, Inc. filings document regulatory disclosures for a casino-resort operator with common stock listed on Nasdaq under CZR. Form 8-K reports include quarterly and annual operating results, segment commentary for Las Vegas, Regional and Caesars Digital operations, liquidity, debt and other material events.
The company’s proxy materials cover annual-meeting matters, director elections, governance practices, executive compensation and shareholder voting procedures. Other filings record board changes, capital-structure actions involving senior notes and registered securities information tied to its gaming, hospitality and digital wagering operations.
Caesars Entertainment, Inc. Chief Executive Officer Thomas Reeg reported equity compensation and related tax withholding transactions in company common stock. He acquired 25,629 shares on February 17, 2026 through the vesting of performance-based restricted stock units that were granted on January 27, 2023 under the Amended and Restated 2015 Equity Incentive Plan. The Board determined the achievement level of these awards in connection with the filing of the annual report on Form 10-K, and the earned units immediately vested and settled into common stock on a one-for-one basis.
On the same date, 10,086 shares were disposed of at $18.95 per share to satisfy tax obligations associated with the award, a tax-withholding disposition rather than an open-market sale. Following these transactions, Reeg directly owned 285,843 shares of common stock. He also reported indirect holdings of 362,231 shares through an irrevocable family trust and 6,240 shares through a 401(k) plan, reflecting additional beneficial ownership through these entities.
Caesars Entertainment chief legal officer Edmund L. Quatmann Jr. reported equity compensation activity involving company common stock. He acquired 4,413 shares through the vesting and settlement of previously granted performance-based restricted stock units at no cash cost. These units were granted in January 2023 under the Amended and Restated 2015 Equity Incentive Plan and vested after the board determined the performance level in connection with the Form 10-K filing on February 17, 2026.
On the same date, 1,944 shares were disposed of in a tax-withholding transaction at a price of $18.95 per share to cover tax obligations, rather than an open-market sale. After these transactions, he directly owned 99,829 shares of Caesars Entertainment common stock.
Caesars Entertainment chief accounting and administrative officer Stephanie Lepori reported performance-based equity vesting and related tax withholding. She acquired 3,986 shares of common stock at $0.00 per share from earned restricted stock units granted in 2023. To cover taxes, 1,569 shares were disposed of at $18.95 per share, leaving her with 81,650 directly held shares.
Caesars Entertainment, Inc. outlines its 2025 annual report, describing a large, diversified gaming and hospitality business built around casinos and fast-growing digital betting. The company operates 52 domestic properties in 18 states and runs sports betting in 34 jurisdictions, with iGaming in five.
Casino operations, including retail and online sports betting and iGaming, generated about 58% of 2025 net revenues, with food and beverage contributing roughly 15% and hotels about 17%. Caesars highlights its Caesars Rewards loyalty program, Liberty technology platform, and multiple branded apps as key drivers of customer engagement.
The filing also discusses heavy competition from other casinos and online operators, sensitivity to economic downturns and seasonality, extensive gaming and regulatory oversight, rising ESG and climate expectations, and cybersecurity risks, including a previously disclosed data incident. Caesars reports approximately 50,000 team members and emphasizes labor relations, corporate social responsibility, and long-term emissions-reduction goals.
Caesars Entertainment reported modest revenue growth but wider losses for the fourth quarter and full year 2025. Fourth quarter GAAP net revenues were $2.9 billion versus $2.8 billion a year earlier, while GAAP net loss was $250 million compared with net income of $11 million, largely due to prior-year asset sale gains of over $350 million.
For 2025, GAAP net revenues rose to $11.5 billion from $11.2 billion, but the GAAP net loss increased to $502 million from $278 million, again reflecting large 2024 divestiture gains. Same-store Adjusted EBITDA was $901 million in the quarter (up from $882 million) and $3.6 billion for the year (slightly below $3.7 billion).
Caesars Digital was a standout, with Adjusted EBITDA of $85 million in the quarter versus $20 million and $236 million for the year versus $117 million, showing strong improvement in the online business. As of December 31, 2025, total debt was $11.9 billion and cash and cash equivalents were $887 million, with net debt of $11.0 billion. Since mid‑2024, the company repurchased 14.7 million shares for $420 million.
Capital Research Global Investors reports beneficial ownership of 9,915,236 shares of Caesars Entertainment common stock, representing 4.9% of the class. These shares are held with sole voting and dispositive power and reflect a belief that 204,107,943 shares were outstanding as of the reporting date. The investor certifies the position is held in the ordinary course of business and not for the purpose of changing or influencing control of Caesars Entertainment.
Caesars Entertainment, Inc. Chief Marketing Officer Josh Jones reported vesting of restricted stock units and related share transactions. On January 29, 2026, three batches of restricted stock units totaling 10,469 units converted into the same number of Caesars common shares at $0 exercise price.
On the same date, 4,320 common shares were disposed of at $21.28 per share, and Jones’ directly held Caesars common stock position stood at 58,083 shares after these transactions. The restricted stock units were granted between 2023 and 2025 under the company’s Amended and Restated 2015 Equity Incentive Plan and do not expire.
Caesars Entertainment, Inc. Chief Legal Officer Edmund L. Quatmann Jr reported equity-related transactions in company stock. On January 29, 2026, multiple installments of restricted stock units vested and converted into common shares on a one-for-one basis under the Amended and Restated 2015 Equity Incentive Plan.
These vestings included 5,605, 7,292, and 10,372 restricted stock units granted in 2023, 2024, and 2025, respectively, converting into the same number of common shares at an exercise price of $0. Following a related acquisition transaction of 23,269 common shares and a disposition of 10,252 common shares at $21.28 per share, Quatmann directly owned 97,360 shares of Caesars Entertainment common stock.
Caesars Entertainment Exec. Chairman Gary L. Carano reported equity award activity on January 29, 2026. He exercised previously granted restricted stock units into 9,223 shares of common stock and had 4,011 shares of common stock withheld at $21.28 per share, typically for tax obligations. After these transactions, he directly held 280,246 shares of Caesars common stock.
In addition to his direct holdings, the filing lists 20,000 shares held by a trust and 40,000 shares held by his spouse. It also reports 8,604,325 shares owned by Recreational Enterprises, Inc. (REI), an entity in which he has ownership interests; he disclaims beneficial ownership of those REI shares.
Caesars Entertainment CAO & Chief Administrative Officer Stephanie Lepori reported equity transactions involving company stock. On January 29, 2026, she exercised vested restricted stock units, converting 21,072 RSUs into common stock at an exercise price of $0 per share.
On the same date, she disposed of 8,387 shares of Caesars Entertainment common stock in a transaction coded "F" at $21.28 per share. After these transactions, she directly held 79,233 shares of Caesars Entertainment common stock.