v3.25.2
SEGMENT REPORTING - Schedule of Financials by Segment (Details) - USD ($)
$ in Thousands
1 Months Ended 2 Months Ended 3 Months Ended 5 Months Ended 6 Months Ended
Feb. 07, 2025
Mar. 31, 2025
Mar. 31, 2025
Jun. 30, 2025
Jun. 30, 2024
Mar. 31, 2024
Jun. 30, 2025
Jun. 30, 2024
Segment Reporting Information [Line Items]                
Revenue $ 220,498     $ 657,534 $ 621,657   $ 1,026,228 $ 1,240,139
Adjusted EBITDAR 40,059     173,150 161,799   280,837 309,914
Depreciation and amortization (22,343)     (71,732) (78,782)   (119,213) (238,528)
Transaction costs (5,106)     (36,046) (6,604)   (43,784) (12,164)
Restructuring 0     0 (376)   0 (18,989)
Tropicana Las Vegas demolition and closure costs (2,605)     (9,698) (15,557)   (15,629) (16,021)
Share-based compensation (1,954)     (2,350) (4,472)   (5,090) (7,530)
Impairment charges 0 $ 0   0 (12,757)   0 (12,757)
Merger agreement costs (11,233)     (4,546) (1,219)   (20,421) (1,989)
Other 38,144     (7,311) (4,722)   268,210 (6,934)
(Loss) income from operations (20,766)     (2,437) 5,573   (4,247) (68,382)
Interest expense, net of interest income (27,229)     (97,522) (74,200)   (149,259) (147,331)
Other (2,365)     56,964 6,930   47,934 11,484
Total other expense, net (29,594)     (40,558) (135,847)   (101,325) (67,270)
Loss before income taxes (50,360)     (42,995) (61,697)   (105,572) (204,229)
(Benefit) provision for income taxes (664)     (185,441) 1,501   (88,348) (29,881)
Net Income (Loss) (51,024)   $ 34,516 (228,436) (60,196) $ (173,914) (193,920) (234,110)
Capital Expenditures 16,424     48,965 35,709   79,422 63,762
Corporate & Other                
Segment Reporting Information [Line Items]                
Revenue 273     1,633 2,710   3,169 4,613
Adjusted EBITDAR (6,774)     (17,506) (17,098)   (27,209) (32,819)
Segment, expenditure, addition to long-lived assets 10,970     36,258 21,890   56,009 39,558
GLPI                
Segment Reporting Information [Line Items]                
Operating leases, rent expense, net (15,669)     (43,904) (31,737)   (68,320) (63,384)
Ball's Chicago | Corporate & Other                
Segment Reporting Information [Line Items]                
Segment, expenditure, addition to long-lived assets 11,000     36,300 21,600   56,000 39,100
Retail Casinos                
Segment Reporting Information [Line Items]                
Restructuring         (348)     (20,003)
Retail Casinos | Operating Segments                
Segment Reporting Information [Line Items]                
Revenue 124,299     393,333 343,051   620,184 685,380
Adjusted EBITDAR 23,554     105,967 99,801   177,507 189,219
International Interactive                
Segment Reporting Information [Line Items]                
Revenue             318,816 464,079
Restructuring         (3)     (55)
International Interactive | Operating Segments                
Segment Reporting Information [Line Items]                
Revenue 78,985     206,066 229,396   318,816 464,079
Adjusted EBITDAR 28,940     82,205 81,292   130,400 164,824
Segment, expenditure, addition to long-lived assets 148     288 112   288 358
North America Interactive                
Segment Reporting Information [Line Items]                
Revenue             84,059 86,067
Restructuring         0     1,479
North America Interactive | Operating Segments                
Segment Reporting Information [Line Items]                
Revenue 16,941     56,502 46,500   84,059 86,067
Adjusted EBITDAR (5,661)     2,484 (2,196)   139 (11,310)
Segment, expenditure, addition to long-lived assets 0     0 429   0 689
Casinos & Resorts                
Segment Reporting Information [Line Items]                
Revenue             620,184 685,380
Casinos & Resorts | Operating Segments                
Segment Reporting Information [Line Items]                
Revenue 124,299     393,333 343,051   620,184 685,380
Segment, expenditure, addition to long-lived assets $ 5,306     $ 12,419 $ 13,278   $ 23,125 $ 23,157