v3.26.1
BUSINESS COMBINATIONS (Tables)
 6 Months Ended
Jun. 30, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Schedule of Identified Assets Acquired and Liabilities Assumed
The preliminary allocation of the purchase price is as follows:
As of October 8, 2025
(in thousands)Preliminary as of December 31, 2025Year to Date AdjustmentsPreliminary as of June 30, 2026
Cash and cash equivalents$2,054,955 $— $2,054,955 
Restricted cash41,341 — 41,341 
Other current assets143,403 4,130 147,533 
Property and equipment87,769 (1,905)85,864 
Right of use assets20,486 — 20,486 
Intangible assets828,235 20,634 848,869 
Other assets39,349 — 39,349 
Total current liabilities(150,097)— (150,097)
Lease liabilities(18,211)— (18,211)
Long-term debt(1,982,214)— (1,982,214)
Other long-term liabilities(159,822)(4,469)(164,291)
Non-controlling interest(1,063,664)— (1,063,664)
Goodwill1,763,226 (18,390)1,744,836 
Total fair value of net assets acquired$1,604,756 $— $1,604,756 
Schedule of Intangible Assets Acquired
The Company recorded intangible assets based on estimates of fair value which consisted of the following (in thousands):
Valuation ApproachEstimated Useful Life (in years)Estimated Fair Value
Developed technologyRelief from royalty method13$258,568 
Bally’s Intralot trade nameRelief from royalty method1361,390 
Customer relationshipsMulti-period excess earnings method25219,748 
BacklogMulti-period excess earnings method8309,163 
Total fair value of intangible assets$848,869 
Schedule of Business Combination, Pro Forma Information
The following unaudited pro forma financial information is presented to illustrate the estimated effects of the Intralot Transaction as if the transaction had occurred on January 1, 2024:
(in thousands)Three Months Ended June 30, 2025Six Months Ended June 30, 2025
Pro forma revenue$756,432 $1,446,660 
Pro forma net loss$(227,225)$(269,233)