Caesars sees FY26 capital expenditures $675M

Sees FY26 interest expense $720M. Sees FY26 long-term cash income taxes 3%-4% of adjusted EBITDA. Says growing free cash flow enables debt repayment and/or share repurchases. Says Q4 results were in line with expectations. Says despite experiencing poor hold in October, Las Vegas segment delivered a quarterly sequential improvement in occupancy and rate trends. Says in Las Vegas, continues to see trends improving sequentially throughout the year, driven by stabilizing leisure trends and a strong group and convention calendar. Says coming off a very, very soft summer in Vegas. Says leisure travelers still remains soft on a year-over-year basis. Says in Q1, expects group business offsetting leisure softness and further improvement on a sequential basis versus fourth quarter. Says prediction markets is clearly gambling. Says in the current regulatory environment, shouldn’t expect the company to be participating in prediction markets. Says there is no crisis in in Vegas. Says iGaming in Maine appears highly likely to launch. Says fact that the company is still alive at this point in the session in Virginia is a good sign for brick-and-mortar operators. Comments and guidance taken from Q4 earnings conference call.