Receivables, net consisted of the following (in thousands):


	June 30, 2026		December 31, 2025
Casino	$	272,937	$	309,500
Hotel	28,517		44,259
Other	90,061		94,527
	391,515		448,286
Less: allowance for credit losses	(54,886)		(45,645)
	$	336,629	$	402,641

As of June 30, 2026 and December 31, 2025, approximately 70.0% and 77.5%, respectively, of the Company's markers were due from customers residing outside the U.S., primarily in Asia. Business or economic conditions or other significant events in the countries in which the Company's customers reside could affect the collectability of such receivables.

The Company’s allowance for casino credit losses was 18.9% and 14.3% of gross casino receivables as of June 30, 2026 and December 31, 2025, respectively. Although the Company believes that its allowance is adequate, it is possible the estimated amounts of cash collections with respect to receivables could change. The Company’s allowances for credit losses from its hotel and other receivables were not material.

The following table shows the movement in the Company's allowance for credit losses recognized for receivables that occurred during the periods presented (in thousands):


	June 30,
	2026		2025
Balance at beginning of year	$	45,645	$	37,694
Provision for credit losses	10,987		4,749
Write-offs	(3,791)		(3,824)
Recoveries of receivables previously written off	2,198		4,475
Effect of exchange rate	(153)		(177)
Balance at end of period	$	54,886	$	42,917