v3.25.4
PROPERTY TRANSACTIONS, NET
12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
PROPERTY TRANSACTIONS, NET PROPERTY TRANSACTIONS, NET
Property transactions, net consisted of the following:
 
Year Ended December 31,
 202520242023
 (In thousands)
Gain on sale of the operations of Gold Strike Tunica
$— $— $(398,787)
Other property transactions, net126,036 81,316 28,274 
 $126,036 $81,316 $(370,513)

Refer to Note 4 for discussion on the sale of the operations of Gold Strike Tunica.

Other. Other property transactions, net in 2025 included miscellaneous asset disposals and write-downs as well as write-downs and impairments of $93 million related to the Company determining it would no longer seek a commercial gaming license for Empire City, which primarily consists of the impairment of $52 million relating to Empire City’s existing gaming license. Refer to Note 7 for further discussion.

Other property transactions, net in 2024 and 2023 includes miscellaneous asset disposals and write-downs.