v3.26.3
INVESTMENTS IN AND ADVANCES TO UNCONSOLIDATED AFFILIATES
 9 Months Ended
Sep. 30, 2026
Equity Method Investments and Joint Ventures [Abstract]  
INVESTMENTS IN AND ADVANCES TO UNCONSOLIDATED AFFILIATES INVESTMENTS IN AND ADVANCES TO UNCONSOLIDATED AFFILIATES
Investments in and advances to unconsolidated affiliates were $673 million and $536 million as of September 30, 2026 and December 31, 2025, respectively. The Company’s share of losses of BetMGM North America Venture in excess of its equity method investment balance is $128 million and $160 million as of September 30, 2026 and December 31, 2025, respectively, which is recorded within “Other accrued liabilities” on the consolidated balance sheets.

The Company recorded its share of income from unconsolidated affiliates as follows:
Three Months Ended
September 30,		Nine Months Ended
September 30,
2026202520262025
(In thousands)
Income from unconsolidated affiliates$31,364 $25,642 $67,228 $38,606 
Non-operating items from unconsolidated affiliates(1,780)5,942 (1,762)2,149 
$29,584 $31,584 $65,466 $40,755 
The following table summarizes the Company’s share of operating income from unconsolidated affiliates:
Three Months Ended
September 30,		Nine Months Ended
September 30,
2026202520262025
(In thousands)
BetMGM North America Venture
$26,743 $23,725 $57,200 $30,294 
Other4,621 1,917 10,028 8,312 
$31,364 $25,642 $67,228 $38,606 

BetMGM North America Venture. In the three and nine months ended September 30, 2026, the Company received $25 million in distributions from BetMGM North America Venture.