XML 41 R29.htm IDEA: XBRL DOCUMENT v3.22.1
Revenue Recognition (Tables)
 3 Months Ended
Mar. 31, 2022
Revenue from Contract with Customer [Abstract]  
Summary of Net Revenues Disaggregated Type of Revenue and Reportable Segment
The Company’s Statements of Operations presents net revenue disaggregated by type or nature of the good or service. A summary of net revenues disaggregated by type of revenue and reportable segment is presented below. We recast previously reported segment amounts to conform to the way management assesses results and allocates resources following the William Hill Acquisition. Refer to Note 15 for additional information on the Company’s reportable segments.
Three Months Ended March 31, 2022
(In millions)Las VegasRegional
Caesars Digital *
Managed and BrandedCorporate and OtherTotal
Casino and pari-mutuel commissions$291 $1,070 $(69)$— $— $1,292 
Food and beverage220 119 — — — 339 
Hotel266 117 — — — 383 
Other137 57 16 66 2 278 
Net revenues$914 $1,363 $(53)$66 $2 $2,292 
____________________
*See discussion of negative revenues in Note 1.
Three Months Ended March 31, 2021
(In millions)Las VegasRegionalCaesars DigitalManaged and BrandedCorporate and OtherTotal
Casino and pari-mutuel commissions$226 $967 $34 $— $— $1,227 
Food and beverage84 84 — 1 — 169 
Hotel115 100 — — — 215 
Other72 40 5 60 4 181 
Net revenues$497 $1,191 $39 $61 $4 $1,792 
Accounts Receivable, Net
(In millions)March 31, 2022December 31, 2021
Casino and pari-mutuel commissions$141 $168 
Food and beverage and hotel110 100 
Other199 204 
Accounts receivable, net$450 $472 
Summary of Activity Related to Contract and Contract Related Liabilities
The following table summarizes the activity related to contract and contract-related liabilities:
Outstanding Chip LiabilityCaesars RewardsCustomer Deposits and Other
Deferred Revenue
(In millions)202220212022202120222021
Balance at January 1$48 $34 $91 $94 $560 $310 
Balance at March 3137 29 96 93 625 325 
Increase / (decrease)$(11)$(5)$5 $(1)$65 $15