
	Casinos & Resorts		International Interactive		North America Interactive		Corporate & Other		Total
Goodwill as of December 31, 2024 (Predecessor)(1)	$	313,285	$	1,451,273	$	35,386	$	—	$	1,799,944

Effect of foreign exchange	—		(11,268)		—		—		(11,268)



Goodwill as of February 7, 2025 (Predecessor)(1)	313,285		1,440,005		35,386		—		1,788,676



Goodwill as of February 8, 2025 (Successor)	612,191		716,260		56,845		205,352		1,590,648
Current year measurement period adjustments	(73)		5,400		324		3,480		9,131
Goodwill measurement period segment re-allocation	(253,874)		387,070		(47,567)		(85,629)		—
Effect of foreign exchange	—		120,554				—		120,554


Goodwill as of June 30, 2025 (Successor)	$	358,244	$	1,229,284	$	9,602	$	123,203	$	1,720,333

(1) Amounts are shown net of accumulated goodwill impairment charges of $5.4 million, $71.6 million and $140.4 million for Casinos & Resorts, International Interactive and North America Interactive,respectively.


Intangible assets, net as of December 31, 2024 (Predecessor)	$	1,307,343


Effect of foreign exchange	(3,662)

Capitalized software	3,054


Less: Amortization of intangible assets	(14,765)
Intangible assets, net as of February 07, 2025 (Predecessor)	$	1,291,970



Intangible assets, net as of February 08, 2025 (Successor)	$	1,941,245
Measurement period adjustments	(7,542)
Additions in current period	3,282
Effect of foreign exchange	80,003

Capitalized software	15,525


Less: Amortization of intangible assets	(91,702)
Intangible assets, net as of June 30, 2025 (Successor)	$	1,940,811


		Successor
		June 30, 2025
(in thousands)	Gross Carrying Amount			Accumulated Amortization			Net
Amortizable intangible assets:


Trade names		$	84,282		$	(4,103)		$	80,179

Customer relationships		381,038			(40,664)			340,374
Developed technology		280,363			(21,968)			258,395
Internally developed software		15,524			(1,329)			14,195
Gaming licenses		753,854			(19,928)			733,926
Licensing asset		159,224			(8,912)			150,312
Other		25,385			(4,556)			20,829
Total amortizable intangible assets		1,699,670			(101,460)			1,598,210
Intangible assets not subject to amortization:
Gaming licenses		61,101			—			61,101
Trade names		281,500			—			281,500

Total unamortizable intangible assets		342,601			—			342,601
Total intangible assets, net		$	2,042,271		$	(101,460)		$	1,940,811


		Predecessor
		December 31, 2024
(in thousands)	Gross Carrying Amount			Accumulated Amortization			Net
Amortizable intangible assets:

Trade names		$	31,723		$	(18,032)		$	13,691
Hard Rock license		8,000			(2,545)			5,455
Customer relationships		660,005			(272,333)			387,672
Developed technology		210,712			(70,073)			140,639
Internally developed software		105,284			(26,791)			78,493
Gaming licenses		47,797			(19,864)			27,933
Other		11,473			(4,918)			6,555
Total amortizable intangible assets		1,074,994			(414,556)			660,438

Intangible assets not subject to amortization:
Gaming licenses		546,908			—			546,908
Trade names		98,784			—			98,784
Other		1,213			—			1,213
Total unamortizable intangible assets		646,905			—			646,905
Total intangible assets, net		$	1,721,899		$	(414,556)		$	1,307,343

Amortization of intangible assets was approximately $58.8 million and $59.0 million for the three months ended June 30, 2025 (Successor) and June 30, 2024 (Predecessor), respectively. Amortization of intangible assets was approximately $91.7 million, $14.8 million and $119.2 million for the period from February 8, 2025 to June 30, 2025 (Successor), the period from January 1, 2025 to February 7, 2025 (Predecessor) and the six months ended June 30, 2024 (Predecessor), respectively.