Bally's (BALY) 10-K 1 Mar 23 2022 FY Annual report Financial data

Cover Page

Cover Page - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Feb. 14, 2023	Jun. 30, 2022
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2022
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	001-38850
Entity Registrant Name	BALLY’S CORPORATION
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	20-0904604
Entity Address, Address Line One	100 Westminster Street
Entity Address, City or Town	Providence
Entity Address, State or Province	RI
Entity Address, Postal Zip Code	02903
City Area Code	401
Local Phone Number	475-8474
Title of 12(b) Security	Common Stock, par value of $0.01 per share
Trading Symbol	BALY
Security Exchange Name	NYSE
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Public Float			$ 789.9
Entity Common Stock, Shares Outstanding		46,682,544
Documents Incorporated by Reference	Portions of the registrant’s definitive Proxy Statement for the Annual Meeting of Stockholders to be held on May 17, 2023 are incorporated by reference into Part III of this Annual Report on Form 10-K.
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Entity Central Index Key	0001747079

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2022
Audit Information [Abstract]
Auditor Name	Deloitte & Touche LLP
Auditor Firm ID	34
Auditor Location	New York, New York

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Assets
Cash and cash equivalents	$ 212,515	$ 206,193
Restricted cash	52,669	68,647
Accounts receivable, net	71,673	48,178
Inventory	14,191	11,489
Tax receivable	53,771	128,217
Prepaid expenses and other current assets	100,717	104,463
Assets held for sale	17,177	0
Total current assets	522,713	567,187
Property and equipment, net	1,202,102	838,651
Right of use assets, net	808,926	507,843
Goodwill, net	1,746,202	2,122,653
Intangible assets, net	1,961,938	2,477,952
Deferred tax asset	25,544	11,922
Other assets	32,688	27,009
Total assets	6,300,113	6,553,217
Liabilities and Stockholders’ Equity
Current portion of long-term debt	19,450	19,450
Current portion of lease liabilities	32,929	24,506
Accounts payable	70,071	87,540
Accrued income taxes	56,012	37,208
Accrued liabilities	573,931	401,428
Liabilities related to assets held for sale	3,409	0
Total current liabilities	755,802	570,132
Long-term debt, net	3,469,105	3,426,777
Long-term portion of financing obligation	200,000	0
Long-term portion of lease liabilities	803,212	506,475
Deferred tax liability	138,017	214,467
Naming rights liabilities	109,807	168,929
Other long-term liabilities	17,923	50,635
Total liabilities	5,493,866	4,937,415
Commitments and contingencies (Note 20)
Stockholders’ equity:
Common stock ($0.01 par value; 200,000,000 shares authorized; 46,670,057 and 53,050,055 shares issued; 46,670,057 and 52,254,477 shares outstanding	466	530
Preferred stock ($0.01 par value; 10,000,000 shares authorized; no shares outstanding)	0	0
Additional paid-in-capital	1,636,366	1,849,068
Treasury stock, at cost, 0 and 795,578 shares as of December 31, 2022 and 2021, respectively	0	(29,166)
Retained deficit	(535,373)	(181,581)
Accumulated other comprehensive loss	(295,640)	(26,809)
Total Bally’s Corporation stockholders’ equity	805,819	1,612,042
Stockholders' Equity Attributable to Noncontrolling Interest	428	3,760
Total stockholders’ equity	806,247	1,615,802
Total liabilities and stockholders’ equity	$ 6,300,113	$ 6,553,217

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Common stock par value (in dollars per share)	$ 0.01
Common stock authorized (in shares)	200,000,000
Common stock issued (in shares)	46,670,057	53,050,055
Common stock outstanding (in shares)	46,670,057	52,254,477
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock authorized (in shares)	10,000,000	10,000,000
Preferred stock outstanding (in shares)	0	0
Treasury stock (in shares)	0	795,578

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Revenue:
Total revenue	$ 2,255,705	$ 1,322,443	$ 372,792
Operating costs and expenses:
General and administrative	774,940	544,521	206,008
Impairment charges	463,978	4,675	8,659
Depreciation and amortization	300,559	144,786	37,842
Total operating costs and expenses	2,548,713	1,229,061	391,178
(Loss) income from operations	(293,008)	93,382	(18,386)
Other income (expense):
Interest expense, net	(208,153)	(117,924)	(62,636)
Other non-operating expenses, net	46,692	(94,532)	6,211
Total other expense, net	(161,461)	(212,456)	(56,425)
Loss before provision for income taxes	(454,469)	(119,074)	(74,811)
Benefit for income taxes	(28,923)	(4,377)	(69,324)
Net loss	$ (425,546)	$ (114,697)	$ (5,487)
Net income per share, basic (in dollars per share)	$ (7.32)	$ (2.31)	$ (0.18)
Weighted average common shares outstanding, basic (in shares)	58,111,699	49,643,991	31,315,151
Net income per share, diluted (in dollars per share)	$ (7.32)	$ (2.31)	$ (0.18)
Weighted average common shares outstanding, diluted (in shares)	58,111,699	49,643,991	31,315,151
Gaming
Revenue:
Total revenue	$ 1,846,124	$ 1,053,492	$ 298,070
Operating costs and expenses:
Cost of net revenue	812,918	407,032	95,901
Non-gaming
Revenue:
Total revenue	409,581	268,951	74,722
Operating costs and expenses:
Cost of net revenue	$ 196,318	$ 128,047	$ 42,768

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Statement of Comprehensive Income [Abstract]
Net loss	$ (425,546)	$ (114,697)	$ (5,487)
Other comprehensive income (loss):
Foreign currency translation adjustments, net of tax	(270,151)	(25,833)	0
Gains (losses) arising during the period	1,911	3,040	(1,844)
Reclassification adjustments	0	104	0
Tax effect	(591)	(976)	588
Net of tax amount	1,320	2,168	(1,256)
Comprehensive loss	(268,831)	(23,665)	(1,256)
Total comprehensive loss	$ (694,377)	$ (138,362)	$ (6,743)

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Cumulative effect, period of adoption, adjustment	Common Stock	Additional Paid-in Capital	Treasury Stock	Retained Earnings (Deficit)	Retained Earnings (Deficit) Cumulative effect, period of adoption, adjustment	Accumulated Other Comprehensive Loss	Noncontrolling Interest	Treasury Stock, Common
Beginning balance (in shares) at Dec. 31, 2019			32,113,328
Beginning balance at Dec. 31, 2019	$ 211,411		$ 412	$ 185,544	$ (223,075)	$ 250,418		$ (1,888)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Release of restricted stock (in shares)			365,439
Release of restricted stock and other stock awards, net	(9,762)		$ 4	(9,766)
Share-based compensation	17,706			17,706
Retirement of treasury shares	$ 0		$ (109)	49,351	256,367	206,907
Share repurchases (in shares)	(1,812,393)		(1,812,393)
Share repurchases	$ (33,292)		$ 0	0	(33,292)
Dividends and dividend equivalents (in USD per share)	(3,174)					(3,174)
Stock options exercised (in shares)			19,564
Penny warrants exercised	84			84
Adjustments to Additional Paid in Capital, Warrant Issued	150,426			150,426
Other comprehensive loss	(1,256)							(1,256)
Net loss	(5,487)					(5,487)
Ending balance (in shares) at Dec. 31, 2020			30,685,938
Ending balance at Dec. 31, 2020	326,598	$ (58)	$ 307	294,643	0	34,792	$ (58)	(3,144)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Release of restricted stock (in shares)			121,379
Release of restricted stock and other stock awards, net	(3,375)		$ 1	(3,260)						$ (116)
Stock options exercised via repayment of non-recourse notes (in shares)			932,949
Stock Issued During Period, Value, Conversion of Convertible Securities			$ 9		9
Share-based compensation	20,143			20,143
Retirement of treasury shares	$ 0		$ 35	71,574	173,285	101,676
Share repurchases (in shares)	(2,188,532)		(2,188,532)
Share repurchases	$ (87,024)				(87,024)
Common stock subject to possible redemption (in shares)			(2,086,908)
Stock Redeemed or Called During Period, Value	0			(114,717)	(114,717)
Stock and Warrants Issued During Period, Value, Preferred Stock and Warrants	50,000			50,000
Stock options exercised (in shares)			70,000
Adjustments To Additional Paid In Capital, Reclassification Of Options	59,724			59,724
Penny warrants exercised	301			301
Stock issued for purchase of Dover Downs (in shares)			221,391
Stock Issued During Period, Value, Acquisitions	11,776		$ 2	11,774
Equity Issued During Period, Value, Acquisitions	120,915		$ 21	121,479	(585)
Adjustments To Additional Paid In Capital, Issuance Of Warrants	64,694			64,694
Stock Issued During Period, Shares, New Issues			12,650,000
Stock Issued During Period, Value, New Issues	667,873		$ 127	667,746
Shares issued for purchase of Gamesys (in shares)			9,773,537
Shares issued for purchase of Gamesys	518,779		$ 98	518,681
Noncontrolling Interest, Increase from Business Combination	3,760								$ 3,760
Bally’s Interactive equity issuance (in shares)			2,074,723
Other comprehensive loss	(23,665)							(23,665)
Net loss	(114,697)					(114,697)
Ending balance (in shares) at Dec. 31, 2021			52,254,477
Ending balance at Dec. 31, 2021	1,615,802		$ 530	1,849,068	(29,166)	(181,581)		(26,809)	3,760
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Release of restricted stock (in shares)			458,603
Release of restricted stock and other stock awards, net	(5,524)		$ 4	(5,957)	429
Stock options exercised via repayment of non-recourse notes (in shares)			383,934
Stock Issued During Period, Value, Conversion of Convertible Securities	4		$ 4		0
Share-based compensation	27,912			27,912
Retirement of treasury shares	$ 0		$ 74	253,783	182,103	(71,754)
Share repurchases (in shares)	(6,621,841)		(6,621,841)
Share repurchases	$ (153,366)				(153,366)
Stock Issued During Period, Value, Stock Options Exercised	86			86
Stock options exercised (in shares)			20,000
Stock issued for purchase of Dover Downs (in shares)			107,832
Stock Issued During Period, Value, Acquisitions	3,700		$ 1	3,699
Adjustments To Additional Paid In Capital, Issuance Of Warrants	12,010			12,010
Stock Issued During Period, Shares, Conversion of Units			67,052
Stock Issued During Period, Value, Conversion of Units	0		$ 1	3,331					(3,332)
Other comprehensive loss	(268,831)							(268,831)
Net loss	(425,546)					(425,546)
Ending balance (in shares) at Dec. 31, 2022			46,670,057
Ending balance at Dec. 31, 2022	$ 806,247		$ 466	$ 1,636,366	$ 0	$ (535,373)		$ (295,640)	$ 428

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Parenthetical)	12 Months Ended
	Dec. 31, 2020 $ / shares
Statement of Stockholders' Equity [Abstract]
Common stock cash dividend declared (in dollars per share)	$ 0.10

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Cash flows from operating activities:
Net loss	$ (425,546)	$ (114,697)	$ (5,487)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	300,559	144,786	37,842
Non-cash lease expense	32,438	14,924	804
Share-based compensation	27,912	20,143	17,706
Impairment charges	463,978	4,675	8,659
Amortization of debt discount and debt issuance costs	10,896	7,557	4,636
Loss on extinguishment of debt	0	103,007	0
Gain from insurance recoveries	(1,265)	(18,660)	0
Storm related losses	0	0	14,408
Gain on sale-leaseback, net	(50,766)	(53,425)	0
Contract termination	0	30,000	0
Deferred income taxes	(88,129)	(5,217)	1,191
(Gain) loss on assets and liabilities measured at fair value	(3,251)	21,440	0
Change in value of naming rights liabilities	(32,577)	(17,029)	57,660
Change in contingent consideration payable	(10,747)	(23,503)	0
Adjustment (gain) on bargain purchase	107	(22,841)	(63,871)
Foreign exchange (gain) loss	(516)	33,461	0
Other operating activities	10,764	19,712	982
Changes in current operating assets and liabilities	37,114	(61,579)	(55,028)
Net cash provided by operating activities	270,971	82,754	19,502
Cash flows from investing activities:
Cash paid for acquisitions, net of cash acquired	(146,317)	(2,274,221)	(425,063)
Proceeds from sale-leaseback	150,000	144,000	0
Purchase of Bally’s Chicago land	200,000	0	0
Advance deposit in connection with sale-leaseback transactions	200,000	0	0
Deposit for acquisition of Bally’s Quad Cities Casino & Hotel	0	0	(4,000)
Foreign exchange forward contract premiums	0	(22,592)	0
Capital expenditures	(212,256)	(97,525)	(15,283)
Insurance proceeds	1,265	18,660	0
Cash paid for internally developed software	(37,121)	(15,891)	0
Acquisition of gaming licenses	(55,117)	(30,159)	0
Purchase of equity securities	(3,175)	0	0
Other intangible asset acquisitions	(665)	(19,157)	0
Other investing activities	464	(19)	(500)
Net cash used in investing activities	(302,922)	(2,296,904)	(444,846)
Cash flows from financing activities:
Issuance of long-term debt	597,000	3,787,553	668,680
Repayments of long-term debt	(564,450)	(1,877,575)	(254,375)
Proceeds from Bally’s Chicago land financing obligation	200,000	0	0
Payment of financing fees	0	(65,297)	(1,734)
Payment of redemption premium on debt extinguishment	0	(67,857)	0
Payment of deferred consideration	(30,025)	0	0
Share repurchases	(153,366)	(87,024)	(33,292)
Issuance of common stock, net	0	667,872	0
Issuance of Sinclair penny warrants	0	50,000	0
Payment of shareholder dividends	0	0	(3,204)
Other financing activities	(5,922)	(3,074)	(9,678)
Net cash provided by financing activities	43,237	2,404,598	366,397
Effect of foreign currency on cash and cash equivalents	(20,722)	(42,163)	0
Change in cash and cash equivalents and restricted cash classified as assets held for sale	(220)	0	0
Net change in cash and cash equivalents and restricted cash	(9,656)	148,285	(58,947)
Cash and cash equivalents and restricted cash, beginning of period	274,840	126,555	185,502
Cash and cash equivalents and restricted cash, end of period	265,184	274,840	126,555
Supplemental disclosure of cash flow information:
Cash paid for interest, net of amounts capitalized	200,901	65,927	57,234
Cash received from income tax refunds, net of cash paid	(38,199)	42,291	3,835
Change in cash and cash equivalents and restricted cash classified as assets held for sale
Unpaid property and equipment	24,080	31,123	3,575
Non-controlling interest	(3,332)	3,760	0
Stock and equity instruments issued for North America Interactive acquisitions and Gamesys	0	716,162	0
Acquisitions in exchange for contingent liability	0	58,685	0
Deferred purchase price payable	0	14,071	0
Deposit applied to acquisition purchase price	0	4,000	0
Trade names
Change in cash and cash equivalents and restricted cash classified as assets held for sale
Unpaid trade name and naming rights	0	0	20,000
Naming rights
Change in cash and cash equivalents and restricted cash classified as assets held for sale
Unpaid trade name and naming rights	$ 0	$ 0	$ 332,313

CONSOLIDATED STATEMENTS OF CA_2

CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Statement of Cash Flows [Abstract]
Cash and cash equivalents	$ 212,515	$ 206,193	$ 123,445
Restricted cash	52,669	68,647	3,110
Total cash and cash equivalents and restricted cash	$ 265,184	$ 274,840	$ 126,555

GENERAL INFORMATION

GENERAL INFORMATION	12 Months Ended
	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
GENERAL INFORMATION	GENERAL INFORMATION Bally’s Corporation (the “Company,” or “Bally’s”) is a global gaming, hospitality and entertainment company with casinos and resorts and online gaming (“iGaming”) businesses. The Company owns and manages the following casino and resort properties: Casinos and Resorts Location Type Built/Acquired Bally’s Twin River Lincoln Casino Resort (“Bally’s Twin River”) Lincoln, Rhode Island Casino and Resort 2004 Bally’s Arapahoe Park Aurora, Colorado Racetrack/OTB Site 2004 Hard Rock Hotel & Casino Biloxi (“Hard Rock Biloxi”) Biloxi, Mississippi Casino and Resort 2014 Bally’s Tiverton Casino & Hotel (“Bally’s Tiverton”) Tiverton, Rhode Island Casino and Hotel 2018 Bally’s Dover Casino Resort (“Bally’s Dover”) (2) Dover, Delaware Casino, Resort and Raceway 2019 Bally’s Black Hawk (1)(2) Black Hawk, Colorado Three Casinos 2020 Bally’s Kansas City Casino (“Bally’s Kansas City”) Kansas City, Missouri Casino 2020 Bally’s Vicksburg Casino (“Bally’s Vicksburg”) Vicksburg, Mississippi Casino and Hotel 2020 Bally’s Atlantic City Casino Resort (“Bally’s Atlantic City”) Atlantic City, New Jersey Casino and Resort 2020 Bally’s Shreveport Casino & Hotel (“Bally’s Shreveport”) Shreveport, Louisiana Casino and Hotel 2020 Bally’s Lake Tahoe Casino Resort (“Bally’s Lake Tahoe”) Lake Tahoe, Nevada Casino and Resort 2021 Bally’s Evansville Casino & Hotel (“Bally’s Evansville”) (2) Evansville, Indiana Casino and Hotel 2021 Bally’s Quad Cities Casino & Hotel (“Bally’s Quad Cities”) (2) Rock Island, Illinois Casino and Hotel 2021 Tropicana Las Vegas Casino and Resort (“Tropicana Las Vegas”) (2) Las Vegas, Nevada Casino and Resort 2022 __________________________________ (1) Includes Bally’s Black Hawk North Casino, Bally’s Black Hawk West Casino and Bally’s Black Hawk East Casino. (2) Properties leased from Gaming and Leisure Properties, Inc. (“GLPI”). Refer to Note 15 “ Leases The North America Interactive reportable segment includes a portfolio of sports betting, iGaming, and free-to-play gaming brands and the North American operations of Gamesys. The Company’s International Interactive reportable segment includes the interactive activities in Europe and Asia of Gamesys Group Ltd. (“Gamesys”), an iCasino and online bingo platform provider and operator.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Principles of Consolidation The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) and include the accounts of the Company, its majority-owned subsidiaries and entities the Company identifies as variable interest entities (“VIEs”), of which the Company is determined to be the primary beneficiary. All intercompany balances and transactions have been eliminated in consolidation. Certain prior year amounts have been reclassified to conform to the current year’s presentation. Variable Interest Entities The Company evaluates entities for which control is achieved through means other than voting rights to determine if it is the primary beneficiary of a VIE. An entity is a VIE if it has any of the following characteristics (i) has insufficient equity to permit the entity to finance its activities without additional subordinated financial support (ii) equity holders, as a group, lack the characteristics of a controlling financial interest or (iii) the entity is structured with non-substantive voting rights. The primary beneficiary of the VIE is generally the entity that has (a) the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance and (b) the obligation to absorb losses or the right to receive benefits that could potentially be significant to the VIE. The Company consolidates its investment in a VIE when it determines that it is its primary beneficiary. In determining whether it is the primary beneficiary of the VIE, the Company considers qualitative and quantitative factors, including, but not limited to: which activities most significantly impact the VIE’s economic performance and which party controls such activities and significance of the Company’s investment and other means of participation in the VIE’s expected profits/losses. Significant judgments related to these determinations include estimates about the current and future fair values and performance of assets held by these VIEs and general market conditions. Management has analyzed and concluded that Breckenridge Curacao B.V. is a VIE because it does not have sufficient equity investment at risk. The Company has determined that it is the primary beneficiary and consolidates the VIE because (a) although the Company does not control all decisions of the VIE, the Company has the power to direct the activities of the VIE that most significantly impact its economic performance through various contracts with the entity and (b) the nature of these agreements between the VIE and the Company provides the Company with the obligation to absorb losses and the right to receive benefits based on fees that are based upon off-market rates and commensurate to the level of services provided. The Company receives significant benefits in the form of fees that are not at market and commensurate to the level of services provided. As a result, the Company consolidates all of the assets, liabilities and results of operations of the VIE and its subsidiaries in the accompanying consolidated financial statements. As of December 31, 2022 and 2021, Breckenridge had total assets of $93.4 million and $85.4 million, respectively, total liabilities of $77.1 million and $75.2 million, respectively, and revenues of $298.1 million and $79.6 million for the years ended December 31, 2022 and 2021, respectively. The Company may change its original assessment of a VIE upon subsequent events such as the modification of contractual arrangements that affect the characteristics or adequacy of the entity’s equity investments at risk and the disposition of all or a portion of an interest held by the primary beneficiary. The Company performs this analysis on an ongoing basis. Use of Estimates in the Preparation of Financial Statements The preparation of financial statements in conformity with US GAAP requires management to make estimates and judgments that affect the reported amounts of assets and liabilities and revenues and expenses and related disclosures of contingent assets and liabilities. On an ongoing basis, the Company evaluates its estimates and judgments including those related to contingent value rights, the allowance for doubtful accounts, valuation of goodwill and intangible assets, recoverability and useful lives of tangible and intangible long-lived assets, accruals for players club card incentives and for potential liabilities related to any lawsuits or claims brought against the Company, fair value of financial instruments, capitalized software development costs, stock compensation and valuation allowances for deferred tax assets. The Company bases its estimates and judgments on historical experience and other relevant factors impacting the carrying value of assets and liabilities. Actual results may differ from these estimates. Cash and Cash Equivalents and Restricted Cash Cash and cash equivalents includes cash balances and highly liquid investments with an original maturity of three months or less. Restricted cash includes player deposits, payment service provider deposits and Video Lottery Terminals (“VLT”) and table games related cash payable due to certain states where we operate, which are unavailable for the Company’s use. Concentrations of Credit Risk The Company’s financial instruments which potentially expose the Company to concentrations of credit risk consisted of cash and cash equivalents and trade receivables. The Company maintains cash with financial institutions in excess of federally insured limits, however, management believes the credit risk is mitigated by the quality of the institutions holding such deposits. Accounts Receivable, Net Accounts receivable, net consists of the following: December 31, (in thousands) 2022 2021 Accounts due from Rhode Island and Delaware (1) $ 15,865 $ 10,575 Gaming receivables 19,065 10,576 Non-gaming receivables 42,532 31,481 Accounts receivable 77,462 52,632 Less: Allowance for doubtful accounts (5,789) (4,454) Accounts receivable, net $ 71,673 $ 48,178 __________________________________ (1) Represents the Company’s share of VLT and table games revenue for Bally’s Twin River and Bally’s Tiverton due from the State of Rhode Island and from the State of Delaware for Bally’s Dover. An allowance for doubtful accounts is determined to reduce the Company’s receivables for amounts that may not be collected. The allowance is estimated based on historical collection experience, current economic and business conditions and forecasts that affect the collectability and review of individual customer accounts and any other known information. Activity for the allowance for doubtful accounts is as follows: December 31, (in thousands) 2022 2021 2020 Balance at beginning of year $ 4,454 $ 3,067 $ 1,296 Charges to expense 1,649 1,717 353 Deductions (602) (701) (653) Other adjustments 288 371 2,071 Balance at end of year $ 5,789 $ 4,454 $ 3,067 Inventory Inventory is stated at the lower of cost or net realizable value on a first-in, first-out basis and consists primarily of food, beverage, promotional items and other supplies. Property and Equipment Property and equipment are stated at cost, net of accumulated depreciation and impairment losses, if applicable. Expenditures for renewals and betterments that extend the life or value of an asset are capitalized and expenditures for repairs and maintenance are charged to expense as incurred. The costs and related accumulated depreciation applicable to assets sold or disposed are removed from the balance sheet accounts and the resulting gains or losses are reflected in the consolidated statements of operations. Depreciation is recorded using the straight-line method over the estimated useful lives of the assets or the related lease term, if any, as follows: Years Land improvements 10-20 Building and improvements 2-50 Equipment 2-10 Furniture and fixtures 2-10 Development costs directly associated with the acquisition, development and construction of a project are capitalized as a cost of the project during the periods in which activities necessary to prepare the property for its intended use are in progress. Interest costs associated with major construction projects are capitalized as part of the cost of the constructed assets. When no debt is incurred specifically for a project, interest is capitalized on amounts expended for the project using the weighted-average cost of borrowing. Capitalization of interest ceases when the project (or discernible portions of the project) is substantially complete. If substantially all of the construction activities of a project are suspended, capitalization of interest will cease until such activities are resumed. During the years ended December 31, 2022 and 2021, there was $1.9 million and $0.2 million of capitalized interest, respectively. There was no capitalized interest in the year ended December 31, 2020. Leases The Company determines if a contract is or contains a lease at the contract inception date or the date in which a modification of an existing contract occurs. A contract is or contains a lease if the contract conveys the right to control the use of an identified asset for a period in exchange for consideration. Control over the use of the identified asset means the lessee has both (i) the right to obtain substantially all of the economic benefits from the use of the identified asset throughout the period of use and (ii) the right to direct the use of the identified asset. Upon adoption of Accounting Standards Codification (“ASC”) 842, Leases , (“ASC 842”) the Company elected to account for lease and non-lease components as a single component for all classes of underlying assets. Additionally, the Company elected to not recognize short-term leases (defined as leases that are less than 12 months and do not contain purchase options) within the consolidated balance sheets. The Company recognizes a lease liability for the present value of lease payments at the lease commencement date using its incremental borrowing rate commensurate with the lease term based on information available at the commencement date unless the rate implicit in the lease is readily determinable. Certain of the Company’s leases include renewal options and escalation clauses; renewal options are included in the calculation of the lease liabilities and right of use assets when the Company determines it is reasonably certain to exercise the options. Variable expenses generally represent the Company’s share of the landlord’s operating expenses and consumer price index (“CPI”) increases. Rent expense associated with the Company’s long and short term leases and their associated variable expenses are reported in total operating costs and expenses within the consolidated statements of operations. The Bally’s Chicago ground lease is accounted for as a financing obligation in accordance with ASC 470, Debt as the transaction did not qualify as a sale under ASC 842. Lease payments are included in “Interest expense, net” within our consolidated statements of operations. Refer to Note 15 “ Leases Goodwill Goodwill consists of the excess of acquisition costs over the fair value of net assets acquired in business combinations. Goodwill is not amortized, but is reviewed for impairment annually as of October 1st, or when events or changes in the business environment indicate that the carrying value of the reporting unit may exceed its fair value, by comparing the fair value of each reporting unit to its carrying value, including goodwill. When assessing goodwill for impairment, first, qualitative factors are assessed to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying value. Items that are considered in the qualitative assessment include, but are not limited to, the following: macroeconomic conditions, industry and market conditions and overall financial performance. If the results of the qualitative assessment indicate it is more likely than not that a reporting unit’s carrying value exceeds its fair value, or if the Company elects to bypass the qualitative assessment, a quantitative goodwill test is performed. For the quantitative goodwill impairment test, the Company estimates the fair value of the reporting unit and asset group using both income and market-based approaches. Specifically, the Company applies the discounted cash flow (“DCF”) method under the income approach and the guideline company under the market approach and weighs the results of the two valuation methodologies based on the facts and circumstances surrounding the reporting unit. For the DCF method, the Company relies on the present value of expected future cash flows, including terminal value, utilizing a market-based weighted average cost of capital (“WACC”) determined separately for the reporting unit as of the valuation date. The determination of fair value under the DCF method involves the use of significant estimates and assumptions, including revenue growth rates driven by future gaming activity, operating margins, capital expenditures, working capital requirements, tax rates, terminal growth rates, and discount rates. For the market approach, the Company utilizes a comparison of the reporting unit to comparable publicly-traded companies and transactions and, based on the observed earnings multiples, ultimately selects multiples to apply to the reporting unit. The Company then compares the fair value of its reporting units to the carrying amounts. If the carrying amount of the reporting unit exceeds the fair value, an impairment is recorded equal to the amount of the excess (not to exceed the amount of goodwill allocated to the reporting unit). Intangible Assets The Company’s intangible assets primarily consist of customer relationships, developed technology, internally developed software, gaming licenses and trade names. The Company also has a Naming rights intangible asset obtained through the Sinclair Agreement (as defined herein). Refer to Note 13 “ Sinclair Agreement For its finite-lived intangible assets, the Company establishes a useful life upon initial recognition based on the period over which the asset is expected to contribute to the future cash flows of the Company and periodically evaluates the remaining useful lives to determine whether events and circumstances warrant a revision to the remaining amortization period. Finite-lived intangible assets are amortized over their remaining useful lives in a pattern in which the economic benefits of the intangible asset are consumed, which is generally on a straight-line basis. The Company reviews the carrying amount of its finite-lived intangible assets for possible impairment whenever events or changes in circumstances indicate that their carrying amount may not be recoverable. Should events and circumstances indicate finite-lived intangible assets may not be recoverable, the Company performs a test for recoverability whereby estimated undiscounted cash flows are compared to the carrying values of the assets. Should the estimated undiscounted cash flows exceed the carrying value, no impairments are recorded. If the undiscounted cash flows do not exceed the carrying values, an impairment is recorded based on the fair value of the asset. Customer Relationships - The Company considers customer relationships to be finite-lived intangible assets, which are amortized over their estimated useful lives, and are recognized as the result of a business combination. Developed Technology - Developed technology relates to the design and development of sports betting and casino gaming software and online gaming products acquired through the Company’s acquisitions of the businesses within the North America Interactive and International Interactive segments. Developed technology is considered to be a finite-lived intangible asset, which are amortized over their estimated useful lives, which is generally between three to 10 years. Internally Developed Software - Software that is developed for internal use is accounted for pursuant to ASC 350-40, Intangibles, Goodwill and Other - Internal-Use Software . Qualifying costs incurred to develop internal-use software are capitalized when (i) the preliminary project stage is completed, (ii) management has authorized further funding for the completion of the project and (iii) it is probable that the project will be completed and perform as intended. These capitalized costs include compensation for employees who develop internal-use software and external costs related to development of internal use software. Capitalization of these costs ceases once the project is substantially complete and the software is ready for its intended purpose. Once placed into service, internally developed software is amortized on a straight-line basis over its estimated useful life, which is generally five years. All other expenditures, including those incurred in order to maintain an intangible asset’s current level of performance, are expensed as incurred. Gaming Licenses and Trade Names - Certain gaming licenses and trade names classified as finite-lived are amortized over their estimated useful lives. The Company also has certain gaming licenses, including its VLT licenses, and trade names, which are considered to be indefinite lived based on future expectations of operating its gaming properties indefinitely, continuing to brand its corporate name and certain properties under the Bally’s trade name indefinitely and continuing to indefinitely brand its online casino offerings within the International Interactive segment with the trade names acquired through the Gamesys acquisition. Intangible assets not subject to amortization are reviewed for impairment annually as of October 1 and between annual test dates whenever events or changes in circumstances may indicate that the carrying amount of the related asset may not be recoverable. Refer to Note 10 “ Goodwill and Intangible Assets Long-lived Assets The Company reviews its long-lived assets, other than goodwill and intangible assets not subject to amortization, for indicators of impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. If an asset is still under development, the analysis includes the remaining construction costs. If the carrying value of the asset exceeds the expected undiscounted future cash flows generated by the asset, the asset is written down to its estimated fair value and an impairment loss is recognized. Debt Issuance Costs and Debt Discounts Debt issuance costs and debt discounts incurred by the Company in connection with obtaining and amending financing have been included as a component of the carrying amount of debt in the consolidated balance sheets. Debt issuance costs and debt discounts are amortized over the contractual term of the debt to interest expense. Debt issuance costs of the revolving credit facility are amortized on a straight-line basis, while all other debt issuance costs and debt discounts are amortized using the effective interest method. Amortization of debt issuance costs and debt discounts included in interest expense was $10.9 million, $7.6 million and $4.6 million for the years ended December 31, 2022, 2021 and 2020, respectively. Self-Insurance Reserves The Company is self-insured for employee medical insurance coverage, general liability and workers’ compensation up to certain stop-loss amounts. Self-insurance liabilities are estimated based on the Company’s claims experience using actuarial methods to estimate the future cost of claims and related expenses that have been reported but not settled and that have been incurred but not yet reported. The self-insurance liabilities are included in “Accrued liabilities” in the consolidated balance sheets and wer e $16.2 million and $10.8 million as of December 31, 2022 and 2021, respectively. Share-Based Compensation The Company accounts for its share-based compensation in accordance with ASC 718, Compensation - Stock Compensation (“ASC 718”). The Company has two share-based employee compensation plans, which are described more fully in Note 16 “ Equity Plans Warrant/Option Liabilities The Company accounts for Penny Warrants and Options issued to Sinclair under the Sinclair Agreement in accordance with ASC 815-40, Contracts in an Entity’s Own Equity . The Penny Warrants and Options are classified in equity because they are indexed to the Company’s own stock and meet all conditions for equity classification. The Performance Warrants are accounted for as a derivative liability in accordance with ASC 815, Derivatives and Hedging (“ASC 815”) because the underlying performance metrics represent an adjustment to the settlement amount that is not indexed to the Company’s own stock and thus equity classification is precluded under ASC 815. The Performance Warrants are marked to market each reporting period, with changes in fair value recorded in “Other non-operating expenses, net” in the consolidated statements of operations. Refer to Note 13 “ Sinclair Agreement Sequencing Policy Under ASC 815-40-35, the Company has adopted a sequencing policy to determine equity or asset/liability classification for contracts involving the Company’s own equity that require cash settlement if sufficient shares are not available to settle the contracts in equity. Under this policy, the Company has elected to allocate available shares to contracts based on the order in which they become exercisable. Revenue The Company accounts for revenue earned from contracts with customers under ASC 606, Revenue from Contracts with Customers (“ASC 606”). The Company generates revenue from four principal sources: gaming (which includes retail gaming, online gaming, sports betting and racing), hotel, food, beverage, retail entertainment and other. Refer to Note 5 “ Revenue Recognition Gaming Expenses Gaming expenses include, among other things, payroll costs and expenses associated with the operation of VLTs, slots and table games, including gaming taxes payable to jurisdictions in which the Company operates outside of Rhode Island and Delaware, and marketing costs directly associated with the Company’s iGaming products and services. These marketing expenses are included within Gaming expenses in the consolidated statements of operations for the years ended December 31, 2022 and 2021 and were $174.7 million and $60.8 million, respectively. There were no such marketing expenses included within Gaming expenses for the year ended December 31, 2020 . Gaming expenses also include racing expenses comprised of payroll costs, off track betting (“OTB”) commissions and other expenses associated with the operation of live racing and simulcasting. Advertising Expenses The Company expenses advertising costs as incurred. For the years ended December 31, 2022, 2021 and 2020, advertising expense was $26.8 million, $7.5 million and $4.5 million, respectively, and are included in “General and administrative” on the consolidated statements of operations. Expansion and Pre-opening Expenses Expansion and pre-opening expenses are charged to expense as incurred. The Company defines pre-opening expenses as costs incurred before the property commences commercial operations and defines expansion expenses as costs incurred in connection with the opening of a new facility or significant expansion of an existing property. Costs classified as expansion and pre-opening costs consist primarily of marketing, master planning, conceptual design fees and legal and professional fees that are not eligible for capitalization and are included in “General and administrative” on the consolidated statements of operations. Pre-opening expenses for the years ended December 31, 2022, 2021 and 2020 was $0.7 million , $1.8 million and $0.9 million , respectively. There were no expansion expenses during the years ended December 31, 2022, 2021 and 2020. Interest Expense, Net Interest expense, net is comprised of interest costs for the Company’s debt and amortization of debt issuance costs and debt discounts, net of interest income and amounts capitalized for construction projects. Income Taxes The Company prepares its income tax provision in accordance with ASC 740, Income Taxes . Under the asset and liability method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that the rate change is enacted. A valuation allowance is required when it is “more likely than not” that all or a portion of the deferred taxes will not be realized. The consolidated financial statements reflect expected future tax consequences of uncertain tax positions presuming the taxing authorities’ full knowledge of the position and all relevant facts. Earnings (Loss) Per Share Basic earnings (loss) per common share is calculated in accordance with ASC 260, Earnings Per Share , which requires entities that have issued securities other than common stock that participate in dividends with common stock (“participating securities”) to apply the two-class method to compute basic earnings (loss) per common share. The two-class method is an earnings allocation method under which basic earnings (loss) per common share is calculated for each class of common stock and participating security as if all such earnings had been distributed during the period. To calculate basic earnings (loss) per share, the earnings allocated to common shares is divided by the weighted average number of common shares outstanding, contingently issuable warrants and RSUs, RSAs and PSUs for which no future service is required as a condition to the delivery of the underlying common stock (collectively, basic shares). Foreign Currency The Company’s functional currency is the US Dollar (“USD”). Foreign subsidiaries with a functional currency other than USD translate assets and liabilities at current exchange rates at the end of the reporting periods, while income and expense accounts are translated at average exchange rates for the respective periods. Translation adjustments resulting from this process are recorded to other comprehensive income (loss). Gains or losses from foreign currency remeasurements that arise from exchange rate fluctuations on transactions denominated in a currency other than the functional currency are included in “Other non-operating expenses, net” on the consolidated statements of operations. Comprehensive (Loss) Income Comprehensive (loss) income includes changes in equity that result from transactions and economic events from non-owner sources. Comprehensive (loss) income consists of net (loss) income, changes in defined benefit pension plan, net of tax and foreign currency translation adjustments. Treasury Stock The Company records the repurchase of shares of common stock at cost based on the settlement date of the transaction. These shares are classified as treasury stock, which is a reduction to stockholders’ equity. Treasury stock is included in authorized and issued shares but excluded from outstanding shares. Business Combinations The Company accounts for its acquisitions in accordance with ASC 805, Business Combinations . The Company initially allocates the purchase price of an acquisition to the assets acquired and liabilities assumed based on their estimated fair values, with any excess of consideration transferred recorded as goodwill. If the estimated fair value of net assets acquired and liabilities assumed exceeds the purchase price, the Company records a gain on bargain purchase in earnings in the period of acquisition. The results of operations of acquisitions are included in the consolidated financial statements from their respective dates of acquisition. Costs incurred to complete the business combination such as investment banking, legal and other professional fees are not considered part of consideration and are charged to general and administrative expense as they are incurred. Segments Operating segments are identified as components of an enterprise that engage in business activities from which it recognizes revenues and expenses, and for which discrete financial information is available and regularly reviewed by the chief operating decision-maker in making decisions regarding resource allocation and assessing performance. Statement of Cash Flows The Company has presented the consolidated statements of cash flows using the indirect method, which involves the reconciliation of net income to net cash flow from operating activities. Fair Value Measurements Fair value is determined using the principles of ASC 820, Fair Value Measurement . Fair value is described as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value hierarchy prioritizes and defines the inputs to valuation techniques as follows: • Level 1: Observable quoted prices (unadjusted) for identical assets or liabilities in active markets. • Level 2: Inputs are observable for the asset or liability either directly or through corroboration with observable market data. • Level 3: Unobservable inputs.

CONSOLIDATED FINANCIAL INFORMAT

CONSOLIDATED FINANCIAL INFORMATION	12 Months Ended
	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
CONSOLIDATED FINANCIAL INFORMATION	CONSOLIDATED FINANCIAL INFORMATION General and Administrative Expenses Amounts included in General and administrative for the years ended December 31, 2022, 2021 and 2020 were as follows: Year Ended December 31, (in thousands) 2022 2021 2020 Advertising, general and administrative $ 776,226 $ 496,658 $ 192,751 Acquisition costs 49,480 71,288 13,257 Gain on sale-leaseback, net (50,766) (53,425) — Contract termination — 30,000 — Total general and administrative $ 774,940 $ 544,521 $ 206,008 Other Non-Operating Expenses Amounts included in Other non-operating expenses for the years ended December 31, 2022, 2021 and 2020 were as follows: Year Ended December 31, (in thousands) 2022 2021 2020 Change in value of naming rights liabilities $ 32,577 $ 17,029 $ (57,660) (Adjustment) gain on bargain purchases (107) 22,841 63,871 Loss on extinguishment of debt — (103,007) — Foreign exchange gain (loss) 516 (33,461) — Other, net 13,706 2,066 — Total other non-operating expenses, net $ 46,692 $ (94,532) $ 6,211

RECENTLY ISSUED AND ADOPTED ACC

RECENTLY ISSUED AND ADOPTED ACCOUNTING PRONOUNCEMENTS	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
RECENTLY ISSUED AND ADOPTED ACCOUNTING PRONOUNCEMENTS	RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS In October 2021, the Financial Accounting Standards Board issued Accounting Standards Update No. 2021-08, Business Combinations (Topic 805) - Accounting for Contract Assets and Contract Liabilities from Contracts with Customers . The amendments in this update address diversity in practice and inconsistency related to recognition of an acquired contract liability and the effect of payment terms on subsequent revenue recognition for the acquirer. This update is effective for fiscal years beginning after December 15, 2022 and interim periods within those fiscal years, with early adoption permitted. The Company is currently in the process of evaluating the impact of this amendment on its consolidated financial statements. In December 2022, the Financial Accounting Standards Board issued Accounting Standards Update No. 2022-06, Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848 . The amendments in this update defer the sunset date of Topic 848, which applies to entities which have transactions that reference LIBOR or other reference rates which are expected to be discontinued due to reference rate reform, until December 31, 2024. The Company is currently in the process of evaluating the impact of this amendment on its consolidated financial statements.

REVENUE RECOGNITION

REVENUE RECOGNITION	12 Months Ended
	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
REVENUE RECOGNITION	REVENUE RECOGNITION The Company recognizes revenue in accordance with ASC 606, Revenue from Contracts with Customers , which requires companies to recognize revenue in a way that depicts the transfer of promised goods or services. In addition, the standard requires more detailed disclosures to enable readers of the financial statements to understand the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. The Company generates revenue from four principal sources: (1) gaming (which includes retail gaming, online gaming, sports betting and racing), (2) hotel, (3) food and beverage and (4) retail, entertainment and other. The Company determines revenue recognition through the following steps: • Identify the contract, or contracts, with the customer; • Identify the performance obligations in the contract; • Determine the transaction price; • Allocate the transaction price to performance obligations in the contract; and • Recognize revenue when or as the Company satisfies performance obligations by transferring the promised goods or services The Company is currently engaged in gaming services, which include retail, online, sports betting and racing. Additional services include hotel, food, beverage, retail, entertainment and other. The amount of revenue recognized by the Company is measured at the transaction price or the amount of consideration that the Company expects to receive through satisfaction of the identified performance obligations. Retail gaming, online gaming and sports betting revenue, each as described below, contain two performance obligations. Retail gaming transactions have an obligation to honor the outcome of a wager and to pay out an amount equal to the stated odds, including the return of the initial wager, if the customer receives a winning hand. These elements of honoring the outcome of the hand of play and generating a payout are considered one performance obligation. Online gaming and sports betting represent a single performance obligation for the Company to operate contests or games and award prizes or payouts to users based on results of the arrangement. Revenue is recognized at the conclusion of each contest, wager or wagering game hand. Incentives can be used across online gaming products. The Company allocates a portion of the transaction price to certain customer incentives that create material future customer rights and are a separate performance obligation. In addition, in the event of a multi-stage contest, the Company will allocate transaction price ratably from contest start to the contest’s final stage. Racing revenue is earned through advance deposit wagering which consists of patrons wagering through an advance deposit account. Each wagering contract contains a single performance obligation. The transaction price for a gaming wagering contract is the difference between gaming wins and losses, not the total amount wagered. The transaction price for racing operations, inclusive of live racing events conducted at the Company’s racing facilities, is the commission received from the pari-mutuel pool less contractual fees and obligations primarily consisting of purse funding requirements, simulcasting fees, tote fees and certain pari-mutuel taxes that are directly related to the racing operations. The transaction price for hotel, food, beverage, retail, entertainment and other is the net amount collected from the customer for such goods and services. Hotel, food, beverage, retail, entertainment and other services have been determined to be separate, stand-alone performance obligations and revenue is recognized as the good or service is transferred at the point in time of the transaction. The following contains a description of each of the Company’s revenue streams: Gaming Revenue Retail Gaming The Company recognizes retail gaming revenue as the net win from gaming activities, which is the difference between gaming inflows and outflows, not the total amount wagered. Progressive jackpots are estimated and recognized as revenue at the time the obligation to pay the jackpot is established. Gaming revenues are recognized net of certain cash and free play incentives. Gaming services contracts have two performance obligations for those customers earning incentives under the Company’s player loyalty programs and a single performance obligation for customers who do not participate in the programs. The Company applies a practical expedient to account for its gaming contracts on a portfolio basis as such wagers have similar characteristics and the Company reasonably expects the impact on the consolidated financial statements of applying the revenue recognition guidance to the portfolio would not differ materially from the application of an individual wagering contract. For purposes of allocating the transaction price in a wagering contract between the wagering performance obligation and the obligation associated with incentives earned under loyalty programs, the Company allocates an amount to the loyalty program contract liability based on the stand-alone selling price of the incentive earned for a hotel room stay, food and beverage or other amenity. The performance obligation related to loyalty program incentives are deferred and recognized as revenue upon redemption by the customer. The amount associated with gaming wagers is recognized at the point the wager occurs, as it is settled immediately. Gaming revenue includes the share of VLT revenue for Bally’s Twin River and Bally’s Tiverton, in each case, as determined by each property’s respective master VLT contracts with the State of Rhode Island. Bally’s Twin River is entitled to a 28.85% share of VLT revenue on the initial 3,002 units and a 26.00% share on VLT revenue generated from units in excess of 3,002 units. Beginning July 1, 2021, Bally’s Twin River is entitled to an additional 7.00% share of revenue on VLTs owned by the Company. Bally’s Tiverton is entitled to receive a percentage of VLT revenue that is equivalent to the percentage received by Bally’s Twin River. Gaming revenue also includes Bally’s Twin River’s and Bally’s Tiverton’s share of table games revenue. Bally’s Twin River and Bally’s Tiverton each were entitled to an 83.5% share of table games revenue generated as of December 31, 2022 and 2021. Revenue is recognized when the wager is settled, which is when the customer has received the benefits of the Company’s gaming services and the Company has a present right to payment. The Company records revenue from its Rhode Island operations on a net basis which is the percentage share of VLT and table games revenue received as the Company acts as an agent in operating the gaming services on behalf of the State of Rhode Island. Gaming revenue also includes Bally’s Dover’s share of revenue as determined under the Delaware State Lottery Code from the date of its acquisition. Bally’s Dover is authorized to conduct video lottery, sports wagering, table game and internet gaming operations as one of three “Licensed Agents” under the Delaware State Lottery Code. Licensing, administration and control of gaming operations in Delaware is under the Delaware State Lottery Office and Delaware’s Department of Safety and Homeland Security, Division of Gaming Enforcement. As of December 31, 2022 and 2021, Bally’s Dover was entitled to an approximate 42% share of VLT revenue and 80% share of table games revenue. Revenue is recognized when the wager is complete, which is when the customer has received the benefits of the Company’s gaming services and the Company has a present right to payment. The Company records revenue from its Delaware operations on a net basis, which is the percentage share of VLT and table games revenue received, as the Company acts as an agent in operating the gaming services on behalf of the State of Delaware. Gaming revenue includes casino revenue of the Company’s other properties which is the aggregate net difference between gaming wins and losses, with deferred revenue recognized for prepaid deposits by customers prior to play, for chips outstanding and “ticket-in, ticket-out” coupons in the customers’ possession, and for accruals related to the anticipated payout of progressive jackpots. Progressive slot machines, which contain base jackpots that increase at a progressive rate based on the number of credits played, are charged to revenue as the amount of the progressive jackpots increase. Online gaming Online gaming refers to digital versions of wagering games available in land-based casinos, such as blackjack, roulette and slot machines. For these offerings, the Company operates similarly to land-based casinos, generating revenue from player wagers net of payouts and incentives awarded to players. Online gaming revenue includes the online bingo and casino revenue of Gamesys since the date of acquisition, beginning October 1, 2021. The revenue is earned from operating online bingo and casino websites, which consists of the difference between total amounts wagered by players less winnings payable to players, bonuses allocated and jackpot contributions. Online gaming revenue is recognized at the point in time when the player completes a gaming session and payout occurs. There is no significant degree of uncertainty involved in quantifying the amount of gaming revenue earned, including bonuses, jackpot contributions and loyalty points. Bonuses, jackpot contributions and loyalty points are measured at fair value at each reporting date. Sports betting Sports betting involves a player wagering money on an outcome or series of outcomes. If a player wins the wager, the Company pays the player a pre-determined amount known as fixed odds. Sports betting revenue is generated through built-in theoretical margins in each sports wagering opportunity offered to players. Revenue is recognized as total wagers net of payouts made and incentives awarded to players. The Company has entered into several multi-year agreements with third-party operators for online sports betting and iGaming market access in several jurisdictions from which the Company has received or expects to receive one-time, up front market access fees in cash or equity securities (specific to one operator agreement) and certain other fees in cash generally based on a percentage of the gross gaming revenue generated by the operator, with certain annual minimum guarantees due to the Company. The one-time market access fees received have been recorded as deferred revenue and will be recognized as gaming revenue ratably over the respective contract terms, beginning with the commencement of operations of each respective agreement. The Company recognized commissions in certain states from online sports betting and iGaming which are included in gaming revenue for the year ended December 31, 2022 and 2021. Deferred revenue associated with third-party operators for online sports betting and iGaming market access was $4.1 million and $6.8 million as of December 31, 2022 and 2021, respectively, and is included in “Accrued liabilities” and “Other long-term liabilities” in the consolidated balance sheets. All other revenues, including market access and B2B service revenue generated by the North America Interactive and International Interactive reportable segments, are recognized at the time the goods are sold or the service is provided. Racing Racing revenue includes Bally’s Twin River’s, Bally’s Tiverton’s, Bally’s Arapahoe Park’s and Bally’s Dover’s share of wagering from live racing and the import of simulcast signals. Racing revenue is recognized upon completion of the wager based upon an established take-out percentage. The Company functions as an agent to the pari-mutuel pool. Therefore, fees and obligations related to the Company’s share of purse funding, simulcasting fees, tote fees, pari-mutuel taxes, and other fees directly related to the Company’s racing operations are reported on a net basis and included as a reduction to racing revenue. Non-gaming Revenue Non-gaming revenue consists of hotel, food, beverage, retail, entertainment and other revenue. Hotel revenue is recognized at the time of occupancy, which is when the customer obtains control through occupancy of the room. Advance deposits for hotel rooms are recorded as liabilities until revenue recognition criteria are met. Food, beverage, and retail revenues are recognized at the time the goods are sold from Company-operated outlets. The estimated standalone selling price of hotel rooms is determined based on observable prices. The standalone selling price of food, beverage, retail, entertainment and other goods and services are determined based upon the actual retail prices charged to customers for those items. Cancellation fees for hotel and meeting space services are recognized upon cancellation by the customer and are included in Non-gaming revenue within our consolidated statements of operations. The estimated retail value related to goods and services provided to guests without charge or upon redemption under the Company’s player loyalty programs included in departmental revenues, and therefore reducing gaming revenues, are as follows for the years ended December 31, 2022, 2021 and 2020: Years Ended December 31, (in thousands) 2022 2021 2020 Hotel $ 87,540 $ 55,782 $ 15,099 Food and beverage 70,476 61,038 18,548 Retail, entertainment and other 10,195 7,556 3,031 $ 168,211 $ 124,376 $ 36,678 Sales tax and other taxes collected on behalf of governmental authorities are accounted for on a net basis and are not included in revenue or operating expenses. The following table provides a disaggregation of total revenue by segment (in thousands): Years Ended December 31, Casinos & Resorts North America Interactive International Interactive Total 2022 Gaming $ 907,431 $ 38,759 $ 899,934 $ 1,846,124 Non-gaming: Hotel 153,750 — — 153,750 Food and beverage 115,322 — — 115,322 Retail, entertainment and other 51,060 42,941 46,508 140,509 Total non-gaming revenue 320,132 42,941 46,508 409,581 Total revenue $ 1,227,563 $ 81,700 $ 946,442 $ 2,255,705 2021 Gaming $ 803,940 $ 10,442 $ 239,110 $ 1,053,492 Non-gaming: Hotel 95,356 — — 95,356 Food and beverage 92,906 — — 92,906 Retail, entertainment and other 40,626 27,910 12,153 80,689 Total non-gaming revenue 228,888 27,910 12,153 268,951 Total revenue $ 1,032,828 $ 38,352 $ 251,263 $ 1,322,443 2020 Gaming $ 298,070 $ — $ — $ 298,070 Non-gaming: Hotel 24,742 — — 24,742 Food and beverage 32,132 — — 32,132 Retail, entertainment and other 17,848 — — 17,848 Total non-gaming revenue 74,722 — — 74,722 Total revenue $ 372,792 $ — $ — $ 372,792 Revenue included in operations from Tropicana Las Vegas from the date of acquisition, September 26, 2022, of $24.1 million is reported in the Casinos & Resorts segment. Refer to Note 6 “ Business Combinat ions Contract Assets and Contract Related Liabilities The Company’s receivables related to contracts with customers are primarily comprised of marker balances and other amounts due from gaming activities, amounts due for hotel stays and amounts due from tracks and OTB locations. The Company’s receivables related to contracts with customers were $44.0 million and $35.5 million as of December 31, 2022 and 2021, respectively. The Company has the following liabilities related to contracts with customers: liabilities for loyalty programs, advance deposits made for goods and services yet to be provided and unpaid wagers. All of the contract liabilities are short-term in nature and are included in “Accrued liabilities” in the consolidated balance sheet. Loyalty program incentives earned by customers are typically redeemed within one year from when they are earned and expire if a customer’s account is inactive for more than 12 months; therefore, the majority of these incentives outstanding at the end of a period will either be redeemed or expire within the next 12 months. Advance deposits are typically for future banquet events, hotel room reservations and interactive player deposits. The banquet and hotel reservation deposits are usually received weeks or months in advance of the event or hotel stay. The Company holds restricted cash for interactive player deposits and records a corresponding withdrawal liability. Unpaid wagers include the Company’s outstanding chip liability and unpaid slot, pari-mutuel tickets and sports betting tickets. Liabilities related to contracts with customers as of December 31, 2022 and 2021 were as follows: December 31, 2022 2021 Loyalty programs $ 20,264 $ 19,371 Advanced deposits from customers 27,956 33,062 Unpaid wagers 14,038 11,440 Total $ 62,258 $ 63,873

BUSINESS COMBINATIONS

BUSINESS COMBINATIONS	12 Months Ended
	Dec. 31, 2022
Business Combination and Asset Acquisition [Abstract]
BUSINESS COMBINATIONS	BUSINESS COMBINATIONS Casinos & Resorts Acquisitions Tropicana Las Vegas - On September 26, 2022, the Company completed its acquisition of Tropicana Las Vegas. The total purchase price was $148.1 million. Cash paid by the Company at closing net of $1.8 million cash acquired, was $146.3 million, excluding transaction costs. In connection with the acquisition of Tropicana Las Vegas, the Company entered into a lease arrangement with GLPI to lease the land underlying the Tropicana Las Vegas property for an initial term of 50 years at annual rent of $10.5 million. Bally’s Quad Cities - On June 14, 2021, the Company completed its acquisition of Bally’s Quad Cities. Pursuant to the terms of the Equity Purchase Agreement, the Company acquired all of the outstanding equity securities of The Rock Island Boatworks, Inc., for a purchase price of $118.9 million in cash. Cash paid by the Company, net of $2.9 million cash acquired and the $4.0 million deposit paid in the third quarter of 2020, was $112.0 million, excluding transaction costs. Bally’s Evansville - On June 3, 2021, the Company completed its acquisition of Bally’s Evansville. The total purchase price was $139.7 million. Cash paid by the Company at closing, net of $9.4 million cash acquired, was $130.4 million, excluding transaction costs. In connection with the acquisition of the Bally’s Evansville casino operations, the Company entered into a sale-leaseback arrangement with an affiliate of GLPI for the Bally’s Dover property. Refer to Note 15 “ Leases Bally’s Lake Tahoe - On April 6, 2021, the Company completed its acquisition of Bally’s Lake Tahoe for $14.2 million. The deferred purchase price is included within “Accrued liabilities” of the consolidated balance sheet as of December 31, 2021 and was paid in April 2022. Bally’s Shreveport - On December 23, 2020, the Company completed its acquisition of Bally’s Shreveport for total cash consideration of approximately $137.2 million. Cash paid by the Company was $133.1 million, net cash acquired and a net working capital adjustment, excluding transaction costs. Bally’s Atlantic City - On November 18, 2020, the Company completed its acquisition of Bally’s Atlantic City. The Company paid cash of approximately $24.7 million, or $16.1 million net of cash acquired, excluding transaction costs. Bally’s Kansas City and Bally’s Vicksburg - On July 1, 2020, the Company completed its acquisition Bally’s Kansas City and Bally’s Vicksburg for total cash consideration of approximately $229.9 million, or $225.5 million net of cash acquired, excluding transaction costs. Bally’s Black Hawk - On January 23, 2020, the Company acquired three casino properties located in Black Hawk, Colorado for total cash consideration of $53.8 million, or $50.5 million net of cash acquired, excluding transaction costs. The following table summarizes the consideration paid and the fair values of the assets acquired and liabilities assumed in connection with the Casinos & Resorts acquisitions as of December 31, 2022: Acquired during the year ended December 31, 2022 2021 2021 2021 2020 2020 2020 (in thousands) Tropicana Las Vegas Bally’s Quad Cities Bally’s Evansville Bally’s Lake Tahoe Bally’s Shreveport Bally’s Atlantic City Bally’s Kansas City and Bally’s Vicksburg Preliminary (8) Final (9) Final (9) Final (9) Final (9) Final (9) Final (9) Total current assets $ 8,141 $ 6,717 $ 12,031 $ 4,683 $ 7,616 $ 11,896 $ 5,538 Property and equipment, net 136,116 73,135 12,325 6,361 125,822 40,898 60,865 Right of use assets, net 164,884 — 285,772 57,017 9,260 — 10,315 Intangible assets, net (1) to (7) 5,140 31,180 154,210 5,430 58,140 1,120 138,160 Other assets 766 — 468 — 403 — 117 Goodwill 8,590 13,308 — — — — 54,276 Total current liabilities (10,268) (5,412) (10,927) (3,546) (6,059) (11,114) (4,762) Lease liabilities (164,884) — (285,772) (52,927) (14,540) — (34,452) Other long-term liabilities (395) — (7,543) (904) (12,137) (11,132) (194) Net assets acquired 148,090 118,928 160,564 16,114 168,505 31,668 229,863 Bargain purchase gain — — (20,856) (1,942) (31,315) (32,595) — Total purchase price $ 148,090 $ 118,928 $ 139,708 $ 14,172 $ 137,190 $ (927) $ 229,863 __________________________________ (1) Tropicana Las Vegas intangible assets include rated player relationships, a trade name and pre-bookings of $2.6 million, $1.7 million and $0.8 million, respectively, which are being amortized on a straight-line basis over their estimated useful lives of approximately 9 years, 3 years and 2 years, respectively. (2) Bally’s Quad Cities’ intangible assets include gaming licenses of $30.3 million with an indefinite life, as well as rated player relationships and a trade name of $0.7 million and $0.2 million, respectively, which are being amortized on a straight-line basis over their estimated useful lives of approximately nine years and four months, respectively. (3) Bally’s Evansville’s intangible assets include gaming licenses of $153.6 million with an indefinite life and rated player relationships of $0.6 million which are being amortized on a straight-line basis over an estimated useful life of approximately eight years. (4) Bally’s Lake Tahoe’s intangible assets include gaming licenses of $5.2 million with an indefinite life and a trade name of $0.2 million, which are being amortized on a straight-line basis over its estimated useful life of approximately six months. (5) Bally’s Shreveport intangible assets include gaming licenses of $57.7 million with an indefinite life and rated player relationships of $0.4 million which is being amortized on a straight-line basis over an estimated useful life of eight years. (6) Bally’s Atlantic City intangible assets include rated player relationships of $0.9 million and hotel and conference pre-bookings of $0.2 million, which are being amortized over useful lives of eight years and three years, respectively. (7) Bally’s Kansas City and Bally’s Vicksburg intangible assets include gaming licenses of $137.3 million with an indefinite life and rated player relationships of $0.9 million, which are being amortized on a straight-line basis over estimated useful lives of approximately eight years. (8) The Company recorded adjustments to the preliminary purchase price allocation during the year ended December 31, 2022 which decreased other current assets by $2.5 million, increased total current liabilities by $1.5 million, increased lease liabilities by $0.7 million, and increased right of use assets, net by $0.5 million, with the offset increasing goodwill by $4.2 million. (9) The Company recorded immaterial adjustments to purchase price allocations for 2021 acquisitions during the year ended December 31, 2022. The Company finalized purchase price allocations for 2020 acquisitions during the year ended December 31, 2021. Goodwill recognized is deductible for local tax purposes and has been assigned as of the acquisition date to the Company’s Casinos & Resorts reportable segment, which includes the reporting unit expected to benefit from the synergies of the acquisition. Qualitative factors that contribute to the recognition of goodwill include an organized workforce and expected synergies from integrating the property into the Company’s casino portfolio and future development of its omni-channel strategy. During the year ended December 31, 2021, the Company recorded bargain purchase gains related to Bally’s Evansville and Bally’s Lake Tahoe of $20.9 million and $2.0 million, respectively. During the year ended December 31, 2022, based on the final purchase price allocation for Bally’s Lake Tahoe, an adjustment of $0.1 million was recorded reducing the bargain purchase gain to $1.9 million. During the year ended December 31, 2020, the Company recorded bargain purchase gains related to Bally’s Shreveport and Bally’s Atlantic City of $31.3 million and $32.6 million. The Company believes it was able to acquire Bally’s Evansville, Bally’s Lake Tahoe and Bally’s Shreveport for less than fair value as a result of a distressed sale prior to Eldorado’s merger with Caesars, coupled with the timing of the agreement to purchase which was in the middle of COVID-19 related shutdowns of casinos in the US. The Company believes that it was able to acquire the net assets of Bally’s Atlantic City for less than fair value as a result of a capital expenditure requirement imposed on the Company by the New Jersey Casino Control Commission, which would have been imposed on the seller had they not divested the property. The Company incurred $4.0 million and $10.4 million of acquisition costs related to the above Casino & Resorts acquisitions during the years ended December 31, 2022 and 2021, respectively. These costs are included within “General and administrative” of the consolidated statement of operations. North America Interactive Acquisitions During 2021, the Company completed six acquisitions within its North America Interactive segment for an aggregate net investment of $400.3 million. The Company paid cash $128.8 million, net of cash acquired. Total non-cash consideration was $255.7 million, which included $58.7 million of the fair value of contingent consideration representing the issuance of Company shares if certain post-closing performance targets are met and contingent penny warrants to purchase additional Company common shares based on future operations in certain jurisdictions. In connection with one of the North America Interactive acquisitions, the Company recorded a 15.84% non-controlling interest representing shares convertible into shares of Bally’s common stock based on a fixed exchange ratio share-settlement feature, valued using the Company’s common stock price, classified as permanent equity. During the year ended December 31, 2022, certain selling shareholders exercised their right to convert to Bally’s common stock reducing the non-controlling interest. Earnings attributable to the non-controlling interest are not material for the years ended December 31, 2022 and 2021. The following table summarizes the consideration paid and the fair values of the assets acquired and liabilities assumed in connection with the North America Interactive Acquisitions: (in thousands) Final (2) Cash and cash equivalents $ 8,689 Accounts receivable, net 4,498 Prepaid expenses and other current assets 3,104 Property and equipment, net 596 Intangible assets, net (1) 167,075 Goodwill 250,730 Total current liabilities (14,787) Deferred tax liability (15,811) Acquired non-controlling interest (3,760) Net investment in North America Interactive Acquisitions $ 400,334 __________________________________ (1) Include customer relationships of $41.5 million, which are being amortized over estimated useful lives between three three (2) The Company recorded immaterial adjustments to the purchase price allocation during the year ended December 31, 2022. Total goodwill recorded in connection with the North America Interactive Acquisitions was $250.7 million, of which $102.9 million is deductible for local tax purposes. Qualitative factors that contribute to the recognition of goodwill include certain intangible assets that are not recognized as separate identifiable intangible assets apart from goodwill, which consist primarily of benefits from acquiring a talented technology workforce and management team experienced in the online gaming industry, and securing buyer-specific synergies expected to contribute to the Company’s omni-channel strategy which are expected to increase revenue and profits within the Company’s North America Interactive reportable segment. The goodwill of the North America Interactive Acquisitions has been assigned, as of the acquisition date, to the Company’s North America Interactive reportable segment. The Company incurred $3.9 million and $5.3 million of transaction costs related to the North America Interactive Acquisitions in the years ended December 31, 2022 and 2021, respectively. These costs are included within “General and administrative” of the consolidated statement of operations. Gamesys Acquisition On October 1, 2021, the Company completed the acquisition of Gamesys. Total consideration was $2.60 billion, which consisted of $2.08 billion paid in cash and 9,773,537 shares of Bally’s common stock. Cash paid by the Company at closing, net of cash received of $183.3 million and a $10.3 million post-acquisition expense, explained below, was $1.90 billion, excluding transaction costs. During the year ended December 31, 2022, the Company incurred $6.3 million of transaction costs related to the acquisition of Gamesys compared to $43.5 million during the year ended December 31, 2021. These costs are included within “General and administrative” expense in the consolidated statement of operations. Certain unvested and outstanding equity options held by Gamesys employees were discretionarily accelerated and vested by the Gamesys Board of Directors, requiring allocation of the fair value of post-acquisition service to purchase consideration, with the remainder allocated to non-recurring post-acquisition expense. The fair value of $36.4 million was attributed to pre-acquisition service and included in consideration transferred. In the fourth quarter of 2021, the fair value of $10.3 million, attributable to post-acquisition expense was recorded within “General and administrative” expense in the consolidated statements of operations. The following table summarizes the consideration paid and the fair values of the assets acquired and liabilities assumed in connection with the acquisition of Gamesys as of October 1, 2021: (in thousands) Final (2) Cash and cash equivalents and restricted cash $ 183,306 Accounts receivable, net 35,851 Prepaid expenses and other current assets 28,418 Property and equipment, net 15,230 Right of use assets, net 14,185 Goodwill 1,683,762 Intangible assets, net (1) 1,510,323 Other assets 17,668 Accounts payable (47,881) Accrued income taxes (40,250) Accrued liabilities (180,237) Long-term debt, net (456,469) Lease liabilities (14,185) Deferred tax liability (143,924) Other long-term liabilities (6,680) Total purchase price $ 2,599,117 __________________________________ (1) Intangible assets include customer relationships of $980.2 million and developed technology of $282.0 million, both of which are being amortized over seven years, and trade names of $247.1 million, which have indefinite lives. (2) During the year ended December 31, 2022, the Company recorded adjustments to the purchase price allocation including a $0.5 million increase to prepaid expenses and other current assets, a $5.3 million increase to goodwill, a $2.7 million decrease to intangible assets, net and a $3.1 million increase to accrued liabilities. Qualitative factors that contribute to the recognition of goodwill include certain intangible assets that are not recognized as separate identifiable intangible assets apart from goodwill, which consist primarily of benefits from acquiring a talented technology workforce and management team experienced in the online gaming industry. Goodwill associated with the Gamesys acquisition is assigned as of the acquisition date to the Company’s International Interactive and North America Interactive reportable segments in the amounts of $1.65 billion and $33.3 million, respectively, which include the reporting units expected to benefit from the synergies arising from the acquisition. Goodwill recognized is not deductible for local tax purposes. Revenue and net income included in operations from Gamesys reported in the Company’s International Interactive and North America Interactive reportable segments for the year ended December 31, 2021 was $257.1 million and $18.2 million, respectively. Supplemental Pro Forma Consolidated Information The following unaudited pro forma consolidated financial information for the twelve months ended December 31, 2021 combines the results of the Company for the year ended December 31, 2021 and the unaudited results of Bally’s Lake Tahoe, Bally’s Evansville and Gamesys for each period subsequent to their respective acquisition dates through December 31, 2021. The following unaudited pro forma consolidated financial information for the twelve months ended December 31, 2020 combines the Company’s historical results with pro forma amounts for Bally’s Lake Tahoe, Bally’s Evansville and Gamesys. The unaudited pro forma consolidated financial information assumes that the acquisitions of Bally’s Lake Tahoe, Bally’s Evansville and Gamesys had occurred as of January 1, 2020. The pro forma consolidated financial information has been calculated after applying the Company’s accounting policies and includes adjustments related to the issuance of new debt and equity offerings as of January 1, 2020 as well as non-recurring adjustments for amortization of acquired intangible assets, compensation expense for share-based compensation arrangements that were cash settled in conjunction with the acquisitions, interest expense, transaction costs, together with the consequential tax effects. The revenue, earnings and pro forma effects of the Bally’s Interactive Acquisitions and Bally’s Quad Cities completed during the year ended December 31, 2021 and Tropicana Las Vegas in the third quarter of 2022 are not material to results of operations, individually or in the aggregate. These unaudited pro forma financial results are presented for informational purposes only and do not purport to be indicative of the operating results of the Company that would have been achieved had the acquisitions actually taken place on January 1, 2020. In addition, these results are not intended to be a projection of future results and do not reflect events that may occur, including but not limited to revenue enhancements, cost savings or operating synergies that the combined Company may achieve as a result of the acquisitions. Years Ended December 31, (in thousands, except per share data) 2021 2020 Revenue $ 2,221,870 $ 1,529,369 Net income (loss) $ 46,048 $ (129,374) The following unaudited pro forma consolidated financial information for the year ended December 31, 2020 combines the results of the Company for the year ended December 31, 2020 and the unaudited results of Bally’s Kansas City, Bally’s Vicksburg and Bally’s Shreveport for each period subsequent to their respective acquisition dates through December 31, 2020. The following unaudited pro forma consolidated financial information for the twelve months ended December 31, 2020 combines the Company’s historical results with pro forma amounts for Bally’s Kansas City, Bally’s Vicksburg and Bally’s Shreveport . The unaudited pro forma consolidated financial information assumes that the acquisitions of Bally’s Kansas City, Bally’s Vicksburg and Bally’s Shreveport had occurred as of January 1, 2019. (in thousands, except per share data) Year Ended December 31, 2020 Revenue $ 465,685 Net loss $ (7,450)

ASSETS AND LIABILITIES HELD FOR

ASSETS AND LIABILITIES HELD FOR SALE	12 Months Ended
	Dec. 31, 2022
Discontinued Operations and Disposal Groups [Abstract]
ASSETS AND LIABILITIES HELD FOR SALE	ASSETS AND LIABILITIES HELD FOR SALEThe Company applies a criteria that must be met before an asset is classified as held for sale, including that management, with the appropriate authority, commits to a plan to sell the asset at a reasonable price in relation to its fair value and is actively seeking a buyer. The Company recognizes assets held for sale at the lower of carrying value or fair market value less costs to sell, as estimated based on comparable asset sales, offers received, or a discounted cash flow model. The Company then compares the estimated future cash flows of the asset, on an undiscounted basis, to the carrying value of the asset. If the undiscounted cash flows do not exceed the carrying value, then an impairment charge may be recorded for any difference between fair value and the carrying value. As of December 31, 2022, one of the Company’s North America Interactive businesses met the criteria to be classified as assets held for sale but did not qualify as discontinued operations as it did not represent a strategic shift having a major effect on the Company’s operations and financial results. The major classes of assets and liabilities classified as held for sale as of December 31, 2022 are as follows: (in thousands) December 31, 2022 Assets: Restricted cash, prepaid expenses and other current assets $ 3,756 Goodwill 9,399 Intangible assets, net 4,022 Assets held for sale (1) $ 17,177 Liabilities related to assets held for sale (1)(2) $ 3,409 __________________________________ (1) All assets and liabilities held for sale were classified as current as it’s probable the sale will be completed within one year. (2) Liabilities related to assets held for sale were made up of accounts payable and accrued liabilities. The revenues and net loss attributable to the business classified as held for sale were not significant for the year ended December 31, 2022.

PREPAID EXPENSES AND OTHER ASSE

PREPAID EXPENSES AND OTHER ASSETS	12 Months Ended
	Dec. 31, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure	PREPAID EXPENSES AND OTHER ASSETS As of December 31, 2022 and 2021, prepaid expenses and other assets was comprised of the following: December 31, (in thousands) 2022 2021 Services and license agreements $ 31,396 $ 21,496 Due from payment service providers 30,621 15,984 Purse funds 8,093 8,286 Prepaid marketing 8,042 10,066 Prepaid insurance 6,374 9,637 Sales tax 5,900 18,308 Other 10,291 20,686 Total prepaid expenses and other current assets $ 100,717 $ 104,463

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT	12 Months Ended
	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT	PROPERTY AND EQUIPMENT As of December 31, 2022 and 2021, property and equipment, net was comprised of the following: December 31, (in thousands) 2022 2021 Land $ 259,378 $ 75,328 Land improvements 31,197 34,704 Building and improvements 752,964 650,837 Equipment 246,340 182,006 Furniture and fixtures 63,753 47,258 Construction in process 116,181 53,715 Total property, plant and equipment 1,469,813 1,043,848 Less: Accumulated depreciation (1) (267,711) (205,197) Property and equipment, net $ 1,202,102 $ 838,651 __________________________________ (1) Depreciation expenses on property and equipment for the years ended December 31, 2022, 2021 and 2020 was $71.7 million, $53.7 million and $33.0 million, respectively.

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS	12 Months Ended
	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND INTANGIBLE ASSETS	GOODWILL AND INTANGIBLE ASSETS 2022 Annual Impairment Assessment As of October 1, 2022, the Company performed its annual impairment assessment of goodwill and long lived assets for all reporting units and asset groups. Each individual property within the Casinos and Resorts operating segment is determined to be its own reporting unit and asset group. The reporting units and asset groups for the North America Interactive and International Interactive operating segments are the operating segments. The estimated fair values of the reporting units were determined through a combination of discounted cash flow models and market-based approaches, which utilized Level 3 inputs. For the North America Interactive reporting unit and asset group, primarily due to a decline in actual and projected revenues, the Company determined that it was more likely than not that the fair value of the reporting unit was less than its carrying value and therefore, a quantitative impairment analysis was performed. Based on this analysis, the Company recorded an aggregate $390.7 million non-cash impairment charge in its North America Interactive reporting unit. The Company allocated the loss first to intangible assets in the amount of $159.1 million and then the residual of $231.6 million to goodwill. One component of the North America Interactive reporting unit met the criteria to be classified as held for sale during the fourth quarter of 2022. Accordingly, the Company performed a relative fair value allocation of goodwill to this component. No further impairment was recorded upon classifying this component as held for sale as the fair value exceeded the carrying value as of December 31, 2022. The Company performed a quantitative test of goodwill for the International Interactive reporting unit and determined that the fair value of the International Interactive reporting unit and asset group exceeded its carrying amount and thus, there was no impairment. If future results significantly vary from current estimates and related projections, the Company may be required to record impairment charges. The Company recorded an impairment loss within the International Interactive segment of $73.3 million related to a long-standing indefinite lived trademark acquired as part of the Gamesys acquisition. This trademark is being de-emphasized for other newer brands in Asia and Rest of World, resulting in a decline in actual and projected revenues attributable to the trademark as compared to when the fair value was determined during the purchase price allocation of the Gamesys acquisition. The fair value of the trademark was determined using a relief from royalty method, which utilized Level 3 inputs. These charges are recorded within “Impairment charges” in the consolidated statement of operations. For all reporting units within the Casinos and Resorts segment, the Company performed a qualitative analysis for the annual assessment of goodwill and indefinite lived intangible assets (commonly referred to as “Step Zero”). From a qualitative perspective, in evaluating whether it is more likely than not that the fair value of a reporting unit exceeds its carrying amount, relevant events and circumstances are taken into account, with greater weight assigned to events and circumstances that most affect the fair value or the carrying amounts of its assets. Items that were considered included, but were not limited to, the following: macroeconomic conditions, industry and market conditions and overall financial performance. After assessing these and other factors, the Company determined that it was more likely than not that the fair value of all reporting units within the Casinos and Resorts segment exceeded their carrying amounts as of October 1, 2022. If future results vary significantly from current estimates and related projections, the Company may be required to record impairment charges. 2021 Trade Name Impairment During the second quarter of 2021, the Company committed to rebrand a majority of its casino portfolio with Bally’s trade name. In connection with this rebranding initiative, the Company determined it should complete an interim quantitative impairment test of its trade names at Bally’s Dover and Bally’s Black Hawk. As a result of the analysis, the Company recorded an impairment charge of $4.7 million during the three months ended June 30, 2021 recorded within “ Impairment charges The change in carrying value of goodwill by reportable segment for the years ended December 31, 2022 and 2021 is as follows: (in thousands) Casinos & Resorts North America Interactive International Interactive Total Goodwill as of December 31, 2020 (1) $ 186,979 $ — $ — $ 186,979 Goodwill from current year business combinations 14,593 283,767 1,645,200 1,943,560 Effect of foreign exchange — (409) (7,857) (8,266) Purchase accounting adjustments on prior year business combinations 380 — — 380 Goodwill as of December 31, 2021 (1) $ 201,952 $ 283,358 $ 1,637,343 $ 2,122,653 Goodwill from current year business combinations 8,590 — — 8,590 Impairment charges — (231,569) — (231,569) Effect of foreign exchange — (2,889) (145,424) (148,313) Purchase accounting adjustments on prior year business combinations (1,285) 239 5,286 4,240 Transferred to assets held for sale (3) — (9,399) — (9,399) Goodwill as of December 31, 2022 (2) $ 209,257 $ 39,740 $ 1,497,205 $ 1,746,202 __________________________________ (1) Amounts are shown net of accumulated goodwill impairment charges of $5.4 million for Casinos and Resorts. (2) Amounts are shown net of accumulated goodwill impairment charges of $5.4 million and $140.4 million for Casinos and Resorts and North America Interactive, respectively. (3) Goodwill transferred to assets held for sale consists of $100.6 million of goodwill and $91.2 million of accumulated impairment. The change in intangible assets, net for the years ended December 31, 2022 and 2021 is as follows (in thousands): Intangible assets, net as of December 31, 2020 $ 663,395 Intangible assets from current year business combinations 1,870,918 Change in TRA with Sinclair (1) (850) Effect of foreign exchange (12,538) Impairment charges (4,675) Internally developed software 20,952 Other intangibles acquired 31,551 Less: Accumulated amortization (90,801) Intangible assets, net as of December 31, 2021 $ 2,477,952 Intangible assets from current year business combinations 5,140 Change in TRA with Sinclair (1) (22,806) Effect of foreign exchange (125,911) Impairment charges (232,409) Internally developed software 37,121 Other intangibles acquired (2) 55,782 Transferred to assets held for sale (4,022) Less: Accumulated amortization (228,909) Intangible assets, net as of December 31, 2022 $ 1,961,938 __________________________________ (1) Refer to Note 13 “ Sinclair Agreement (2) Includes the gaming license related to Bally’s Chicago. The Company’s identifiable intangible assets consist of the following: Weighted December 31, 2022 (in thousands, except years) Gross Carrying Amount Accumulated Net Amortizable intangible assets: Naming rights - Sinclair (1) 8.1 $ 314,585 $ (58,982) $ 255,603 Trade names 2.7 17,750 (16,196) 1,554 Hard Rock license 24.5 8,000 (2,061) 5,939 Customer relationships 5.8 907,199 (166,155) 741,044 Developed technology 5.7 256,512 (45,769) 210,743 Internally developed software 4.0 26,520 (5,444) 21,076 Gaming licenses 7.8 34,016 (4,892) 29,124 Other 2.6 4,917 (2,110) 2,807 Total amortizable intangible assets 1,569,499 (301,609) 1,267,890 Intangible assets not subject to amortization: Gaming licenses Indefinite 529,171 — 529,171 Trade names Indefinite 164,391 — 164,391 Other Indefinite 486 — 486 Total unamortizable intangible assets 694,048 — 694,048 Total intangible assets, net $ 2,263,547 $ (301,609) $ 1,961,938 __________________________________ (1) Naming rights intangible asset in connection with Sinclair Agreement. Refer to Note 13 “ Sinclair Agreement Weighted December 31, 2021 (in thousands, except years) Gross Accumulated Net Amortizable intangible assets: Naming rights - Sinclair (2) 9.2 $ 337,391 $ (25,721) $ 311,670 Trade names 10.6 28,439 (17,481) 10,958 Hard Rock license 25.5 8,000 (1,818) 6,182 Customer relationships 6.7 1,026,797 (46,789) 980,008 Developed technology 7.2 392,481 (19,690) 372,791 Internally developed software 4.8 20,952 (727) 20,225 Gaming licenses 10.0 30,409 (591) 29,818 Other 4.4 2,413 (1,121) 1,292 Total amortizable intangible assets 1,846,882 (113,938) 1,732,944 Intangible assets not subject to amortization: Gaming licenses Indefinite 478,171 — 478,171 Trade Names Indefinite 265,099 — 265,099 Other Indefinite 1,738 — 1,738 Total unamortizable intangible assets 745,008 — 745,008 Total intangible assets, net $ 2,591,890 $ (113,938) $ 2,477,952 __________________________________ (2) See note (1) above. Amortization of intangible assets was approximately $228.9 million, $91.1 million and $4.9 million for the years ended December 31, 2022, 2021 and 2020, respectively. Refer to Note 6 “ Business Combinations Sinclair Agreement The following table shows the remaining amortization expense associated with finite lived intangible assets as of December 31, 2022: (in thousands) 2023 $ 208,640 2024 207,168 2025 205,934 2026 204,624 2027 198,627 Thereafter 242,897 $ 1,267,890

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	12 Months Ended
	Dec. 31, 2022
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS The following tables summarize the Company’s assets and liabilities measured at fair value on a recurring basis. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement: December 31, 2022 (in thousands) Balance Sheet Location Level 1 Level 2 Level 3 Assets: Cash and cash equivalents Cash and cash equivalents $ 212,515 $ — $ — Restricted cash Cash and cash equivalents 52,669 — — Convertible loans Prepaid expenses and other current assets 657 — — Convertible loans Other assets — — 10,212 Investments in equity securities Other assets 2,395 — — Total $ 268,236 $ — $ 10,212 Liabilities: Sinclair Performance Warrants Naming rights liabilities $ — $ — $ 36,987 Contingent consideration Contingent consideration payable — — 8,220 Total $ — $ — $ 45,207 December 31, 2021 (in thousands) Balance Sheet Location Level 1 Level 2 Level 3 Assets: Cash and cash equivalents Cash and cash equivalents $ 206,193 $ — $ — Restricted cash Cash and cash equivalents 68,647 — — Other current assets Prepaid expenses and other current assets 176 — — Convertible loans Other assets 5,905 — 2,025 Total $ 280,921 $ — $ 2,025 Liabilities: Sinclair Performance Warrants Naming rights liabilities $ — $ — $ 69,564 Contingent consideration Contingent consideration payable — — 34,931 Total $ — $ — $ 104,495 There were no transfers made among the three levels in the fair value hierarchy for the years ended December 31, 2022 and 2021. The following table summarizes the changes in fair value of the Company’s Level 3 assets and liabilities: ( in thousands) Performance Warrants Contingent Consideration Other Assets Total Balance as of December 31, 2020 $ 88,119 $ — $ — $ 88,119 Additions in the period (acquisition fair value) — 58,623 2,025 60,648 Change in fair value (18,555) (23,692) — (42,247) Balance as of December 31, 2021 69,564 34,931 2,025 106,520 Additions in the period (acquisition fair value) — — 3,777 3,777 Reductions in the period — (15,862) — (15,862) Change in fair value (32,577) (10,849) 4,410 (39,016) Balance as of December 31, 2022 $ 36,987 $ 8,220 $ 10,212 $ 55,419 The gains (losses) recognized in the consolidated statements of operations for derivatives not designated as hedging instruments during the years ended December 31, 2022 and 2021 are as follows: Consolidated Statements of Operations Location Year Ended December 31, (in thousands) 2022 2021 2020 Foreign exchange forward contracts Other non-operating expenses, net $ — $ (20,882) $ — Sinclair Performance Warrants Other non-operating expenses, net 32,577 18,555 (32,878) Sinclair Options Other non-operating expenses, net — (1,526) (24,782) Foreign exchange forward contracts The fair values of foreign exchange forward contract assets and liabilities are classified within Level 2 of the fair value hierarchy as the valuation inputs are based on quoted prices and market observable data of similar instruments in active markets, such as currency spot and forward rates. The Company’s foreign exchange forward contracts were not designated as hedging instruments under ASC 815. Gains (losses) recognized in earnings resulting from the change in fair value were reported within “Other non-operating expenses, net” on the consolidated statements of operations. On April 16, 2021, a subsidiary of the Company entered into foreign exchange forward contracts to hedge the risk of appreciation of the British Pound Sterling (“GBP”)-denominated purchase price related to the Gamesys acquisition pursuant to which the subsidiary can purchase approximately £900 million at a contracted exchange rate and appreciation of both the GBP-denominated and Euro-denominated debt held by Gamesys which would be paid off at closing of the Gamesys acquisition pursuant to which the subsidiary can purchase £200 million and €336 million, at contracted exchange rates, respectively. To enter into these foreign exchange forward contracts, the Company paid total premiums to the contract counterparties of $22.6 million. On August 20, 2021, two of the above mentioned foreign exchange forward contracts were modified, decreasing the notional amount of the GBP-denominated forward purchase commitments by £746 million to £354 million, collectively. The Company received $1.7 million upon settlement of the modification, which decreased the remaining fair value of the contracts. On October 1, 2021, the above mentioned foreign exchange forward contracts were discontinued as part of the acquisition of Gamesys. The Company received $0.1 million at closing, which was reported within “Other non-operating expenses, net” on the consolidated statements of operations. The company did not have any foreign exchange forward contracts outstanding as of December 31, 2022 and 2021. Sinclair Performance Warrants Sinclair Performance Warrants are accounted for as a derivative instrument classified as a liability within Level 3 of the hierarchy as the warrants are not traded in active markets and are subject to certain assumptions and estimates made by management related to the probability of meeting performance milestones. These assumptions and the probability of meeting performance targets may have a significant impact on the value of the warrant. The Performance warrants are valued using an option pricing model, considering the Company’s estimated probabilities of achieving the performance milestones for each tranche. Inputs to this valuation approach include volatility of the Company’s common stock trading price, risk free interest rates, the Company’s common stock price as of the valuation date and expected terms. Contingent consideration Contingent consideration related to acquisitions is recorded at fair value as a liability on the acquisition date and is remeasured at each reporting date, based on significant inputs not observable in the market, which represents a Level 3 measurement within the fair value hierarchy. In connection with the Company’s acquisition of Monkey Knife Fight (“MKF”) and Telescope Inc. (“Telescope”) which are included within the Company’s North America Interactive acquisitions in Note 6 “ Business Combinations Convertible loans The Company has certain agreements with vendors to provide a portfolio of games to its customers. Pursuant to these agreements, the Company has issued loans to its vendors and has an option to convert the loans to shares of the vendors’ equity, exercisable within a specified time period. The Company recorded the short-term portion of the instruments within “Prepaid expenses and other current assets” and the long-term portion of the instruments within “Other assets” at their fair value. The fair value of the loans to vendors with share prices quoted on active markets are classified within Level 1 of the hierarchy and the fair value of the loans to vendors with share values based on unobservable inputs are classified within Level 3 of the hierarchy, both with changes to fair value included within “Other non-operating expenses, net” of the consolidated statements of operations. Investment in equity securities The Company has a long term investment in an unconsolidated entity which it accounts for under the equity method of accounting. The Company has elected the fair value option allowed by ASC 825, Financial Instruments , with respect to this investment. Under the fair value option, the investment is remeasured at fair value at each reporting period through earnings. The Company measures fair value using quoted prices in active markets that are classified within Level 1 of the hierarchy, with changes to fair value included within “Other non-operating expenses, net” of the consolidated statements of operations. Long-term debt The fair value of the Company’s Term Loan Facility and senior notes are estimated based on quoted prices in active markets and are classified as Level 1 measurements. The fair value of the Revolving Credit Facility approximates its carrying amount as it is revolving, variable rate debt, and is also classified as a Level 1 measurement. In the table below, the carrying amounts of the Company’s long-term debt is net of debt issuance costs and debt discounts. Refer to Note 14 “ Long-Term Debt December 31, 2022 December 31, 2021 (in thousands) Carrying Amount Fair Value Carrying Amount Fair Value Term Loan Facility $ 1,884,082 $ 1,872,238 $ 1,897,030 $ 1,945,000 5.625% Senior Notes due 2029 734,497 555,000 732,660 746,250 5.875% Senior Notes due 2031 732,976 529,905 731,537 754,223

ACCRUED LIABILITIES

ACCRUED LIABILITIES	12 Months Ended
	Dec. 31, 2022
Payables and Accruals [Abstract]
ACCRUED LIABILTIES	ACCRUED LIABILITIES As of December 31, 2022 and 2021, accrued liabilities consisted of the following: December 31, (in thousands) 2022 2021 GLPI advance deposit (1) $ 200,000 $ — Gaming liabilities 168,386 170,508 Compensation 60,463 49,764 Interest payable 36,173 46,292 Other 108,909 134,864 Total accrued liabilities $ 573,931 $ 401,428 __________________________________ (1) Refer to Note 15 “ Leases

SINCLAIR AGREEMENT

SINCLAIR AGREEMENT	12 Months Ended
	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Sinclair Agreement	SINCLAIR AGREEMENT On November 18, 2020, the Company and Sinclair entered into a Framework Agreement (the “Sinclair Agreement”), which provides for a long-term strategic relationship between the Company and Sinclair combining Bally’s integrated, proprietary sports betting technology with Sinclair’s portfolio of local broadcast stations and its Tennis Channel, Stadium sports network and STIRR streaming service. The Company received naming rights to the regional sports networks and certain integrations to network programming in exchange for annual fees paid in cash, the issuance of warrants and options and an agreement to share in certain tax benefits resulting from the Tax Receivable Agreement (“TRA”) with Sinclair. The initial term of the agreement is ten years from the commencement date of the re-branded regional sports networks and can be renewed for one additional five-year term unless either the Company or Sinclair elect not to renew. Naming Rights Intangible Asset Under the terms of the Sinclair Agreement, the Company is required to pay annual naming rights fees to Diamond Sports Group for naming rights of the regional sports networks which escalate annually and total $88.0 million over the 10-year term of the agreement beginning April 1, 2021. The Company accounted for this transaction as an asset acquisition in accordance with the “Acquisition of Assets Rather Than a Business” subsections of ASC 805-50, Business Combinations—Related Issues , using a cost accumulation model. The naming rights intangible asset represents the consideration transferred on the acquisition date comprised of the present value of annual naming rights fees, the fair value of the warrants and options and an estimate of the TRA payments, each explained below. The naming rights intangible asset, net of accumulated amortization, was $255.6 million and $311.7 million as of December 31, 2022 and 2021, respectively. Amortization began on April 1, 2021, the commencement date of the re-branded Sinclair regional sports networks, and was $33.3 million and $25.7 million for the years ended December 31, 2022 and 2021, respectively. Refer to Note 10 “ Goodwill and Intangible Assets Naming Rights Fees The present value of the annual naming rights fees was recorded as part of the cost of the naming rights intangible asset with a corresponding liability which will be accreted through interest expense over the life of the agreement. The total value of the liability as of December 31, 2022 and 2021 was $59.3 million and $58.9 million, respectively. The short-term portion of the liability, which was $6.0 million and $2.0 million as of December 31, 2022 and 2021, respectively, is recorded within “Accrued liabilities” and the long-term portion of the liability, which was $53.3 million and $56.9 million as of December 31, 2022 and 2021, respectively, is recorded within “Naming rights liabilities” in the consolidated balance sheets. Accretion expense for the years ended December 31, 2022 and 2021 was $4.4 million and $4.3 million, respectively, and was reported in “Interest expense, net of amounts capitalized” in the consolidated statements of operations. Warrants and Options The Company issued to Sinclair (i) an immediately exercisable warrant to purchase up to 4,915,726 shares of the Company at an exercise price of $0.01 per share (“the Penny Warrants”), (ii) a warrant to purchase up to a maximum of 3,279,337 additional shares of the Company at a price of $0.01 per share subject to the achievement of various performance metrics (the “Performance Warrants”) and (iii) an option to purchase up to 1,639,669 additional shares in four tranches with purchase prices ranging from $30.00 to $45.00 per share, exercisable over a seven-year period beginning on the fourth anniversary of the November 18, 2020 closing (the “Options”). The exercise and purchase prices and the number of shares issuable upon exercise of the warrants and options are subject to customary anti-dilution adjustments. The issuance pursuant to the warrants and options of shares in excess of 19.9% of the Company’s currently outstanding shares was subject to the approval of the Company’s stockholders in accordance with the rules of the New York Stock Exchange, which was obtained on January 27, 2021. Penny Warrants & Options - The Penny Warrants and Options are equity classified instruments under ASC 815. The fair value of the Penny Warrants approximates the fair value of the underlying shares and was $150.4 million on November 18, 2020 at issuance and was recorded to “Additional paid-in-capital” in the consolidated balance sheets, with an offset to the naming rights intangible asset. The fair value of the Options was $59.7 million as of December 31, 2022 and 2021, and is recorded within “Additional paid-in capital” in the consolidated balance sheets. Performance Warrants - The Performance Warrants are accounted for as a derivative liability because the underlying performance metrics represent an adjustment to the settlement amount that is not indexed to the Company’s own stock and thus equity classification is precluded under ASC 815. The fair value as of December 31, 2022 and 2021 was $37.0 million and $69.6 million, respectively, and was calculated using an option pricing model, considering the Company’s estimated probabilities of achieving the performance milestones for each tranche. Inputs to this valuation approach include volatility between 63% and 66%, risk free rates between 1.02% and 4.01%, the Company’s common stock price for each period and expected terms between 3.4 and 8.0 years. The fair value is recorded within “Naming Rights liabilities” of the consolidated balance sheets. Tax Receivable Agreement

LONG-TERM DEBT

LONG-TERM DEBT	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
LONG-TERM DEBT	LONG-TERM DEBT As of December 31, 2022 and 2021, long-term debt consisted of the following: December 31, (in thousands) 2022 2021 Term Loan Facility $ 1,925,550 $ 1,945,000 Revolving Credit Facility 137,000 85,000 5.625% Senior Notes due 2029 750,000 750,000 5.875% Senior Notes due 2031 750,000 750,000 Less: Unamortized original issue discount (27,729) (31,425) Less: Unamortized deferred financing fees (46,266) (52,348) Long-term debt, including current portion 3,488,555 3,446,227 Less: Current portion of Term Loan and Revolving Credit Facility (19,450) (19,450) Long-term debt, net of discount and deferred financing fees; excluding current portion $ 3,469,105 $ 3,426,777 Senior Notes On August 20, 2021, two unrestricted subsidiaries (together, the “Escrow Issuers”) of the Company issued $750.0 million aggregate principal amount of 5.625% senior notes due 2029 (the “2029 Notes”) and $750.0 million aggregate principal amount of 5.875% Senior Notes due 2031 (the “2031 Notes” and, together with the 2029 Notes, the “Senior Notes”). The Senior Notes were issued pursuant to an indenture, dated as of August 20, 2021, among the Escrow Issuers and U.S. Bank National Association, as trustee. Certain of the net proceeds from the Senior Notes offering were placed in escrow accounts for use in connection with the Gamesys acquisition. On October 1, 2021, upon the closing of the Gamesys acquisition, the Company assumed the issuer obligation under the Senior Notes. The Senior Notes are guaranteed, jointly and severally, by each of the Company’s restricted subsidiaries that guarantees the Company’s obligations under its Credit Agreement. The 2029 Notes mature on September 1, 2029 and the 2031 Notes mature on September 1, 2031. Interest is payable on the Senior Notes in cash semi-annually on March 1 and September 1 of each year, beginning on March 1, 2022. The Company may redeem some or all of the Senior Notes at any time prior to September 1, 2024, in the case of the 2029 Notes, and September 1, 2026, in the case of the 2031 Notes, at prices equal to 100% of the principal amount of the Senior Notes to be redeemed plus certain “make-whole” premiums, plus accrued and unpaid interest. In addition, prior to September 1, 2024, the Company may redeem up to 40% of the original principal amount of each series of the Senior Notes with proceeds of certain equity offerings at a redemption price equal to 105.625% of the principal amount, in the case of the 2029 Notes, and 105.875%, in the case of the 2031 Notes, plus accrued and unpaid interest. The Company may redeem some or all of the Senior Notes at any time on or after September 1, 2024, in the case of the 2029 Notes, and September 1, 2026, in the case of the 2031 Notes, at certain redemption prices set forth in the indenture plus accrued and unpaid interest. The indenture contains covenants that limit the ability of the Company and its restricted subsidiaries to, among other things, (i) incur additional indebtedness, (ii) pay dividends on or make distributions in respect of capital stock or make certain other restricted payments or investments, (iii) enter into certain transactions with affiliates, (iv) sell or otherwise dispose of assets, (v) create or incur liens and (vi) merge, consolidate or sell all or substantially all of the Company’s assets. These covenants are subject to exceptions and qualifications set forth in the indenture. Credit Facility On October 1, 2021, the Company and certain of its subsidiaries entered into a credit agreement (the “Credit Agreement”) with Deutsche Bank AG New York Branch, as administrative agent and collateral agent, and the other lenders party thereto, providing for senior secured financing of up to $2.565 billion, consisting of a senior secured term loan facility in an aggregate principal amount of $1.945 billion (the “Term Loan Facility”), which will mature in 2028, and a senior secured revolving credit facility in an aggregate principal amount of $620.0 million (the “Revolving Credit Facility”), which will mature in 2026. The credit facilities allow the Company to increase the size of the Term Loan Facility or request one or more incremental term loan facilities or increase commitments under the Revolving Credit Facility or add one or more incremental revolving facilities in an aggregate amount not to exceed the greater of $650 million and 100% of the Company’s consolidated EBITDA for the most recent four-quarter period plus or minus certain amounts as specified in the Credit Agreement, including an unlimited amount subject to compliance with a consolidated total secured net leverage ratio as set out in the Credit Agreement. The credit facilities are guaranteed by the Company’s restricted subsidiaries, subject to certain exceptions, and secured by a first-priority lien on substantially all of the Company’s and each of the guarantors’ assets, subject to certain exceptions. Borrowings under the credit facilities bear interest at a rate equal to, at the Company’s option, either (1) LIBOR determined by reference to the costs of funds for USD deposits for the interest period relevant to such borrowing, adjusted for certain additional costs and subject to a floor of 0.50% in the case of term loans and 0.00% in the case of revolving loans or (2) a base rate determined by reference to the greatest of (a) the federal funds rate plus 0.50%, (b) the prime rate, (c) the one-month LIBOR rate plus 1.00%, (d) solely in the case of term loans, 1.50% and (e) solely in the case of revolving loans, 1.00%, in each case of clauses (1) and (2), plus an applicable margin. In addition, on a quarterly basis, the Company is required to pay each lender under the Revolving Credit Facility a 0.50% or 0.375% commitment fee in respect of commitments under the Revolving Credit Facility, with the applicable commitment fee determined based on the Company’s total net leverage ratio. The credit facilities contain covenants that limit the ability of the Company and its restricted subsidiaries to, among other things, incur additional indebtedness, pay dividends or make certain other restricted payments, sell assets, make certain investments and grant liens. These covenants are subject to exceptions and qualifications set forth in the Credit Agreement. The Revolving Credit Facility contains a financial covenant regarding a maximum first lien net leverage ratio that applies when borrowings under the Revolving Credit Facility exceed 30% of the total revolving commitment. As of December 31, 2022, the Company’s borrowings under the Revolving Credit Facility did not exceed 30% and therefore, financial covenants did not apply. 6.75% Senior Notes due 2027 On May 10, 2019, the Company, issued $400 million aggregate principal amount of 6.75% unsecured senior notes due June 1, 2027 and, on October 9, 2020, the Company issued an additional $125 million aggregate principal amount of 6.75% unsecured senior notes due June 1, 2027 (together, the “2027 Notes”). On September 7, 2021, the Company redeemed $210 million aggregate principal amount of the 2027 Notes at a redemption price of 106.750% of the principal amount using a portion of the proceeds of the Company’s April 2021 public offering of common stock. On October 5, 2021, the Company redeemed the remaining $315 million aggregate principal amount of the 2027 Notes at a redemption price of 109.074% of the principal amount using a portion of the proceeds of its Term Loan Facility. In connection with the termination of a prior credit agreement and the 2027 Notes, the Company recorded a loss on extinguishment of debt of $103.0 million in its consolidated statements of operations during the year ended December 31, 2021. Debt Maturities As of December 31, 2022, the contractual annual principal maturities of long-term debt, including the Revolving Credit Facility, are as follows: (in thousands) 2023 $ 19,450 2024 19,450 2025 19,450 2026 156,450 2027 19,450 Thereafter 3,328,300 $ 3,562,550

LEASES

LEASES	12 Months Ended
	Dec. 31, 2022
Leases [Abstract]
LEASES	LEASES Operating Leases The Company is committed under various operating lease agreements for real estate and property used in operations. Certain leases include various renewal options which are included in the lease term when the Company has determined it is reasonably certain of exercising the options. Certain of these leases include percentage rent payments based on property revenues and/or rent escalation provisions determined by increases in the consumer price index (“CPI”). These percentage rent and escalation provisions are treated as variable lease payments and recognized as lease expense in the period in which the obligation for those payments are incurred. Discount rates used to determine the present value of the lease payments are based on the Company’s incremental borrowing rate commensurate with the term of the lease. The Company had total operating lease liabilities of $836.1 million and $531.0 million as of December 31, 2022 and 2021, respectively, and right of use assets of $808.9 million and $507.8 million as of December 31, 2022 and 2021, respectively, which were included in the consolidated balance sheets. GLPI Leases As of December 31, 2022, the Company’s Bally’s Evansville, Bally’s Dover, Bally’s Quad Cities and Bally’s Black Hawk properties are leased under the terms of a master lease agreement (the “Master Lease”) with GLPI. All GLPI leases are accounted for as operating leases within the provisions of ASC 842 over the lease term or until a re-assessment event occurs. The Master Lease has an initial term of 15 years and includes four, five-year options to renew and requires combined minimum annual payments of $52.0 million, subject to minimum 1% annual escalation or greater escalation dependent on CPI. The renewal options are not reasonably certain of exercise as of December 31, 2022. In connection with the sale of the real estate for Bally’s Dover in the second quarter of 2021, the Company received proceeds of $144.0 million and recognized a net gain of $53.4 million. In connection with the sale of the real estate for Bally’s Quad Cities and Bally’s Black Hawk during the second quarter of 2022, the Company received proceeds of $150.0 million and recognized a gain of $50.8 million. The gains recorded on the transactions represent the difference in the respective transaction prices and the derecognition of assets and are recorded within “General and administrative” in the consolidated statements of operations. In addition to the properties under the Master Lease explained above, the Company has also entered into a lease with GLPI for the land associated with Tropicana Las Vegas which the Company acquired during the fourth quarter of 2022. This lease has an initial term of 50 years (with a maximum term of 99 years with renewal options) at annual rent of $10.5 million, subject to minimum 1% annual escalation or greater escalation dependent on CPI. The renewal options are not reasonably certain of exercise as of December 31, 2022. On January 3, 2023, the Company completed a transaction with GLP Capital, L.P., the operating partnership of GLPI, related to the land and real estate assets of Bally’s Tiverton and Hard Rock Biloxi for total consideration of $635.0 million. The transaction was structured as a tax-free capital contribution and a substantial portion of the proceeds will be applied to reduce the Company’s debt. These properties will be added to the Master Lease, increasing minimum annual payments by $48.5 million. During the third quarter of 2022, the Company received an advance deposit of $200.0 million in connection with this agreement which was recorded within “Accrued liabilities” in the consolidated balance sheets as of December 31, 2022. Components of lease expense included within “General and administrative” for operating leases during the years ended December 31, 2022, 2021 and 2020 are as follows: Year Ended December 31, (in thousands) 2022 2021 2020 Operating lease cost $ 75,675 $ 36,354 $ 3,256 Variable lease cost 8,386 4,191 56 Operating lease expense 84,061 40,545 3,312 Short-term lease expense 17,536 11,746 2,158 Total operating lease expense $ 101,597 $ 52,291 $ 5,470 Supplemental cash flow and other information related to operating leases for the year ended December 31, 2022 and 2021, are as follows: Year Ended December 31, ($ in thousands) 2022 2021 Cash paid for amounts included in the lease liability - operating cash flows from operating leases $ 68,689 $ 37,032 Right of use assets obtained in exchange for operating lease liabilities $ 341,747 $ 818,405 Weighted average remaining lease term 20.7 years 15.3 years Weighted average discount rate 6.7 % 6.1 % As of December 31, 2022, future minimum lease payments under noncancelable operating leases are as follows: (in thousands) 2023 $ 82,680 2024 87,308 2025 91,310 2026 90,565 2027 84,912 Thereafter 1,270,751 Total lease payments 1,707,526 Less: present value discount (871,385) Lease obligations $ 836,141 Future minimum lease payments disclosed in the table above include $87.7 million related to extension options that are reasonably certain of being exercised. The table above does not include $18.1 million of payments for leases signed but not yet commenced as of December 31, 2022. Financing Obligation Bally’s Chicago Operating Company, LLC., an indirect wholly-owned subsidiary of the Company, entered into a ground lease for the land on which Bally’s Chicago will be built, which is accounted for as a financing obligation in accordance with ASC 470 Debt as the transaction did not qualify as a sale under ASC 842. The lease commenced November 18, 2022 and has a 99-year term followed by ten separate 20-year renewals at the Company’s option. The Company recorded land within property and equipment, net of $200.0 million with a corresponding long-term financing obligation of $200.0 million on its consolidated balance sheets as of December 31, 2022. All lease payments are recorded as interest expense and there is no reduction to the financing obligation over the lease term. Bally’s Chicago made cash payments, and recorded corresponding interest expense, of $2.0 million during the year ended December 31, 2022. Lessor The Company leases its hotel rooms to patrons and records the corresponding lessor revenue in “ Non-gaming revenue

EQUITY PLANS

EQUITY PLANS	12 Months Ended
	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
EQUITY PLANS	EQUITY PLANS Equity Incentive Plans The Company has three equity incentive plans: the 2010 BLB Worldwide Holdings, Inc. Stock Option Plan (the “2010 Option Plan”), the 2015 Stock Incentive Plan (“2015 Incentive Plan”) and the Bally’s Corporation 2021 Equity Incentive Plan (“2021 Incentive Plan”), collectively (the “Equity Incentive Plans”). The 2010 Option Plan provided for options to acquire 2,455,368 shares of the Company’s common stock. Options granted to employees, officers and directors of the Company under the 2010 Option Plan vested on various schedules by individual as defined in the individual participants’ option agreements. Vested options can generally be exercised all or in part at any time until the tenth anniversary of the date of grant. Effective December 9, 2015, it was determined that no new awards would be granted under the 2010 Option Plan. The 2015 Incentive Plan provided for the grant of stock options, time-based RSUs, RSAs, PSUs and other stock-based awards (“OSBAs”) (collectively, “restricted awards”) (including those with performance-based vesting criteria) to employees, directors or consultants of the Company. The 2015 Incentive Plan authorized for the issuance of up to 1,700,000 shares of the Company’s common stock pursuant to grants of awards made under the plan. Effective May 18, 2021, no new awards were granted under the 2015 Incentive Plan as a result of the new 2021 Incentive Plan being approved at the Company’s 2021 Annual Shareholder Meeting. The 2021 Incentive Plan provides for the grant of stock options, RSAs, RSUs, PSUs and other awards (including those with performance-based vesting criteria) to employees, directors or consultants of the Company. The 4,250,000 shares of the Company’s common stock, decreased by the number of shares subject to awards granted under the 2015 Incentive Plan between December 31, 2020 and May 18, 2021, or 221,464 shares, plus any shares subject to awards granted under the 2021 Incentive Plan or the 2015 Incentive Plan that are added back to the share pool under the 2021 Incentive Plan pursuant to the plan’s share counting rules, are authorized for issuance under the 2021 Incentive Plan. As of December 31, 2022, 3,240,857 shares were available for grant under the 2021 Incentive Plan. Share-Based Compensation The Company recognized total share-based compensation expense of $27.9 million, $20.1 million and $17.7 million for the years ended December 31, 2022, 2021 and 2020, respectively. The total income tax benefit for share-based compensation arrangements was $7.1 million, $5.1 million, and $6.9 million, for the years ended December 31, 2022, 2021 and 2020, respectively. As of December 31, 2022, there was $17.2 million of unrecognized compensation cost related to outstanding share-based compensation arrangements (including stock options, RSA, RSU and PSU arrangements) which is expected to be recognized over a weighted average period of 1.2 years. Stock Options Stock option activity under the 2010 Option Plan for the year ended December 31, 2022 is as follows: Shares Weighted Weighted Average Remaining Contractual Term Aggregate Intrinsic Value Outstanding at December 31, 2021 20,000 $ 4.31 1.9 years $ 0.7 million Exercised (20,000) $ 4.31 Outstanding at December 31, 2022 — Exercisable at December 31, 2022 — $ — $ — $ — There were no stock options granted during the years ended December 31, 2022, 2021 or 2020. The total intrinsic value of options exercised was $0.6 million, $3.4 million and $0.4 million for the years ended December 31, 2022, 2021 and 2020, respectively. There was no remaining compensation cost relating to unvested stock options as of December 31, 2022, 2021 or 2020. Restricted Stock Units and Performance-Based Restricted Stock Units Under the 2015 Incentive Plan, RSUs and PSUs have been awarded to eligible employees, members of the Company’s senior management and certain members of its Board of Directors. Each RSU and PSU represents the right to receive one share of the Company’s common stock. RSUs generally vest in one-third increments over a three year period, and compensation cost is recognized over the respective service periods based on the grant date fair value. PSUs generally vest over a three year period depending on the individual award agreement and become eligible for vesting upon attainment of performance objectives for the performance period. The number of PSUs that may become eligible for vesting varies and is dependent upon whether the performance targets are met, partially met or exceeded each year. The fair value of RSUs and PSUs is based on the Company’s common stock price as of the grant date. The following summary presents information of equity-classified RSU and PSU activity for the year ended December 31, 2022: Restricted Stock Performance Weighted Outstanding at December 31, 2021 960,493 29,995 $ 48.28 Granted 359,051 115,174 30.13 Vested (627,765) (29,995) 44.27 Forfeited (37,452) (53,041) 38.59 Outstanding at December 31, 2022 654,327 62,133 $ 38.35 The weighted average grant date fair value for RSUs and PSUs was $30.13, $53.52 and $31.27 in 2022, 2021, and 2020, respectively. The total intrinsic value of RSUs vested was $15.3 million, $9.1 million and $23.7 million, for the years ended December 31, 2022, 2021 and 2020, respectively. For PSU awards, performance objectives for each year are established no later than 90 days following the start of the year. As the performance targets have not yet been established for the PSUs that are eligible to be earned in 2023, a grant date has not yet been established for those awards in accordance with ASC 718. The grant date for the 2022, 2021 and 2020 performance periods have been established and, based upon achievement of the performance criteria for the years ended December 31, 2022, 2021 and 2020, 62,133, 29,995 and 31,478 PSUs, respectively, became eligible for vesting.

SHAREHOLDERS_ EQUITY

SHAREHOLDERS’ EQUITY	12 Months Ended
	Dec. 31, 2022
Equity [Abstract]
STOCKHOLDERS’ EQUITY	STOCKHOLDERS’ EQUITY Capital Return Program The Company has a Board of Directors approved capital return program under which the Company may expend a total of up to $700 million for share repurchases and payment of dividends. Future share repurchases may be effected in various ways, which could include open-market or private repurchase transactions, accelerated stock repurchase programs, tender offers or other transactions. The amount, timing and terms of any return of capital transaction will be determined based on prevailing market conditions and other factors. There is no fixed time period to complete share repurchases. As of December 31, 2022, $194.6 million was available for use under the capital return program. Total share repurchase activity during the years ended December 31, 2022, 2021 and 2020 is as follows: Year Ended December 31, (in thousands, except share and per share data) 2022 (1) 2021 2020 Number of common shares repurchased 6,621,841 2,188,532 1,812,393 Total cost $ 153,366 $ 87,024 $ 33,292 Average cost per share, including commissions $ 23.16 $ 39.76 $ 18.37 __________________________________ (1) Includes 4.7 million shares repurchased from the Company’s modified Dutch auction tender offer completed July 27, 2022 at a price of $22.00 per share for an aggregate purchase price of $103.3 million. All shares repurchased during the years ended December 31, 2022, 2021 and 2020 were transferred to treasury stock. The Company retired 7,394,642, 3,492,222 and 10,892,083 shares of its common stock held in treasury during the years ended December 31, 2022, 2021 and 2020, respectively. The shares were returned to the status of authorized but unissued shares. As of December 31, 2022, there were no shares remaining in treasury. During the year ended December 31, 2020, the Company paid cash dividends of $0.10 per common share for a total cost of approximately $3.2 million. There were no cash dividends paid during the years ended December 31, 2022 and 2021. Common Stock Offering On April 20, 2021, the Company issued a total of 12,650,000 shares of Bally’s common stock in an underwritten public offering at a price to the public of $55.00 per share. Net proceeds from the offering were approximately $671.4 million, after deducting underwriting discounts, but before expenses. On April 20, 2021, the Company issued to affiliates of Sinclair a warrant to purchase 909,090 common shares for an aggregate purchase price of $50.0 million, or $55.00 per share. The net proceeds were used to finance a portion of the purchase price of the Gamesys acquisition. The exercise price of the warrant is nominal and its exercise is subject to, among other conditions, requisite gaming authority approvals. Sinclair agreed not to acquire more than 4.9% of Bally’s outstanding common shares without such approvals. In addition, in accordance with the agreements that Bally’s and Sinclair entered into in November 2020, Sinclair exchanged 2,086,908 common shares for substantially identical warrants. Preferred Stock The Company has authorized the issuance of up to 10 million shares of $0.01 par value preferred stock. As of December 31, 2022 and 2021, no shares of preferred stock have been issued. Shares Outstanding As of December 31, 2022, the Company had 46,670,057 common shares issued and outstanding. The Company issued warrants, options and other contingent consideration in acquisitions and strategic partnerships that are expected to result in the issuance of common shares in future periods resulting from the exercise of warrants and options or the achievement of certain performance targets. These incremental shares are summarized below: Sinclair Penny Warrants (Note 13) 7,911,724 Sinclair Performance Warrants (Note 13) 3,279,337 Sinclair Options (1) (Note 13) 1,639,669 MKF Penny warrants (Note 11) 34,455 MKF Contingent shares (Note 11) 344,625 Telescope Contingent shares (Note 11) 8,626 SportCaller contingent shares (4) (Note 11) 357,735 Outstanding awards under Equity Incentive Plans (Note 16) 716,460 14,292,631 __________________________________ (1) Consists of four equal tranches to purchase shares with exercise prices ranging from $30.00 to $45.00 per share, exercisable over a seven-year period beginning on the fourth anniversary of the November 18, 2020 closing of the Sinclair Agreement. (2) The contingent consideration related to the SportCaller acquisition is 6.5M EUR as of December 31, 2022, payable in shares subject to certain post-acquisition earnout targets and based on share price at time of payment. For purposes of this estimate, the Company used the EUR>US Dollar conversion rate of 1.0666 as of December 31, 2022 and the closing share price of Company common shares of $19.38 per share to calculate the shares expected to be issued if all earn-out targets are met. Accumulated Other Comprehensive Income (Loss) The following table reflects the change in accumulated other comprehensive loss by component, net of tax, for the years ended December 31, 2022, 2021 and 2020: (in thousands) Foreign Currency Translation Adjustments Defined Benefit Pension Plan Total Accumulated other comprehensive loss at December 31, 2019 $ — $ (1,888) $ (1,888) Current period other comprehensive loss — (1,256) (1,256) Accumulated other comprehensive loss at December 31, 2020 — (3,144) (3,144) Current period other comprehensive income (loss) (25,833) 2,064 (23,769) Reclassification adjustments to net earnings — 104 104 Accumulated other comprehensive loss at December 31, 2021 (25,833) (976) (26,809) Current period other comprehensive income (loss) (270,151) 1,320 (268,831) Accumulated other comprehensive income (loss) at December 31, 2022 $ (295,984) $ 344 $ (295,640)

EMPLOYEE BENEFIT PLANS

EMPLOYEE BENEFIT PLANS	12 Months Ended
	Dec. 31, 2022
Retirement Benefits [Abstract]
EMPLOYEE BENEFIT PLANS	EMPLOYEE BENEFIT PLANS Multi-employer Defined Benefit Plans The Company participates in and contributes to a number of multiemployer defined benefit pension plans under the terms of collective-bargaining agreements that cover certain of its union-represented employees. The risks of participating in these multi-employer plans are different from single-employer plans in the following aspects: • Assets contributed to the multi-employer plan by one employer may be used to provide benefits to employees of other participating employers. • If a participating employer stops contributing to the plan, the unfunded obligations of the plan may be borne by the remaining participating employers. • If the Company chooses to stop participating in some of its multi-employer plans, the Company may be required to pay those plans an amount based on the underfunded status of the plan, referred to as a withdrawal liability. The following table outlines the Company’s participation in multi-employer pension plans for the years ended December 31, 2022, 2021 and 2020 and sets forth the calendar year contributions and accruals for each plan. The “EIN/Pension Plan Number” column provides the Employer Identification Number (“EIN”) and the three-digit plan number. The most recent Pension Protection Act zone status available in 2022 and 2021 relates to the plans’ two most recent fiscal year-ends. The zone status is based on information that the Company received from the plans’ administrators and is certified by each plan’s actuary. Plans certified in the red zone are generally less than 65% funded, plans certified in the orange zone are both less than 80% funded and have an accumulated funding deficiency or are expected to have a deficiency in any of the next six plan years, plans certified in the yellow zone are less than 80% funded and plans certified in the green zone are at least 80% funded. The “FIP/RP Status Pending/Implemented” column indicates whether a financial improvement plan (“FIP”) for yellow/orange zone plans, or a rehabilitation plan (“RP”) for red zone plans, is either pending or has been implemented. As of December 31, 2022 and 2021, all plans that have either a FIP or RP requirement have had the respective plan implemented. EIN/ Pension Pension Protection Act FIP/RP Status Contributions and Accruals (in $000’s) Company Union Pension Fund 2022 2021 2022 2021 2020 SEIU National Industry Pension Fund 52-6148540 Red Red Yes/Implemented $ 495 $ 460 $ 366 No 4/30/2025 New England Carpenters Pension Fund (1) 51-6040899 Green Green No 95 75 91 No 5/31/2024 Plumbers and Pipefitters Pension Fund (4) 52-6152779 Yellow Yellow Yes/Implemented 267 175 171 No 8/31/2022 Rhode Island Laborers Pension Fund (4) 51-6095806 Green Green No 656 671 483 No 10/31/2022 New England Teamsters Pension Fund 04-6372430 Red Red Yes/Implemented 278 254 230 No 6/30/2023 The Legacy Plan of the UNITE HERE Retirement Fund (3) 82-0994119/001 Red Red Yes/Implemented 963 1,319 578 No 6/30/2023 The Adjustable Plan of the UNITE HERE Retirement Fund (3) 82-0994119/002 N/A (2) N/A (2) No 5/31/2026 Local 68 Engineers Union Pension Fund 51-0176618 Yellow Yellow Yes/Implemented 286 269 22 No 4/30/2027 Northeast Carpenters Pension Fund 11-1991772 Green Green No 127 122 10 No 4/30/2027 International Painters and Allied Trades Industry Pension Fund 52-6073909 Yellow Yellow Yes/Implemented 82 80 5 No 4/30/2027 Total Contributions $ 3,249 $ 3,425 $ 1,956 __________________________________ (1) Effective January 1, 2018, the Rhode Island Carpenters Pension Fund (05-6016572) merged into the New England Carpenters Pension Fund. (2) The Plan is not subject to the Pension Protection Act of 2016 zone status certification rule. (3) Formerly listed as Hotel & Restaurant Employees International Pension Fund - Allocations of contributions between the two plans are determined by the plan administrator. Unions at Bally’s Twin River and Bally’s Atlantic City participate in the UNITE HERE Retirement funds. (4) Union contract under negotiation as of 12/31/2022. Contributions, based on wages paid to covered employees totaled approximately $3.2 million, $3.4 million and $2.0 million for the years ended December 31, 2022, 2021 and 2020, respectively. These aggregate contributions were not individually significant to any of the respective plans. The Company’s share of the unfunded vested liability related to its multi-employer plans, if any, other than the New England Teamsters and Trucking Industry Pension Fund discussed below, is not determinable. Under the terms of certain collective bargaining agreements, the Company contributes to a number of multi-employer annuity funds. Contributions are made at a fixed rate per hour worked, in accordance with the collective bargaining agreements. These plans are not subject to the withdrawal liability provisions applicable to multi-employer defined benefit pension plans. Contributions made to these plans by the Company were $2.6 million, $2.5 million and $1.2 million for the years ended December 31, 2022, 2021 and 2020, respectively. Dover Downs Defined Benefit Pension Plan The Company sponsors a non-contributory, tax qualified defined benefit pension plan that has been frozen since July 2011. As of December 31, 2022 and 2021 , the benefit obligation was $20.8 million and $28.8 million, respectively, and the fair value of plan assets were $19.0 million and $24.2 million, respectively. The Company did not make any contributions to the plan during the year ended December 31, 2022 and does not expect to contribute in 2023. Net periodic benefit income and total income recognized in other comprehensive loss for the year ended December 31, 2022 were $1.0 million and $1.9 million, respectively. Amounts relating to the plan recognized in the consolidated balance sheets as of December 31, 2022 and 2021 consist of non-current liabilities of $1.8 million and $4.6 million, respectively. Defined Contribution Plans The Company has a retirement savings plan under Section 401(k) of the Internal Revenue Code covering its US non-union employees and certain union employees. The plan allows employees to defer up to the lesser of the Internal Revenue Code prescribed maximum amount or 100% of their income on a pre-tax basis through contributions to the plan. Gamesys also operates defined contribution retirement benefit plans for their U.K., US, Toronto, Isle of Man and Gibraltar offices. Eligible employees are allowed to contribute between 3-5% of their base salary to the various plans and the Company matches all employee contributions. Total employer contribution expense attributable to defined contribution plans was $7.1 million, $4.8 million and $0.7 million for the years ended December 31, 2022, 2021 and 2020, respectively.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The components of income (loss) before taxes are as follows: Years Ended December 31, (in thousands) 2022 2021 2020 Domestic $ (444,549) $ (126,347) $ (74,811) Foreign (9,920) 7,273 — Total $ (454,469) $ (119,074) $ (74,811) The components of the provision for income taxes are as follows: Years Ended December 31, (in thousands) 2022 2021 2020 Current taxes Federal $ 9,318 $ (10,284) $ (72,517) State 8,289 4,676 2,002 Foreign 41,599 6,448 — 59,206 840 (70,515) Deferred taxes Federal (32,304) 294 9,871 State (9,429) 4,770 (8,680) Foreign (46,396) (10,281) — (88,129) (5,217) 1,191 (Benefit) Provision for income taxes $ (28,923) $ (4,377) $ (69,324) The effective rate varies from the statutory US federal tax rate as follows: Years Ended December 31, (in thousands) 2022 2021 2020 Income tax (benefit) expense at statutory federal rate $ (95,439) $ (15,997) $ (15,710) State income taxes, net of federal effect (10,096) 7,462 (5,276) Foreign tax rate adjustment (17,455) (7,165) — Nondeductible professional fees 1,370 10,421 (665) Other permanent differences including lobbying expense 2,414 4,696 279 Share-based compensation 3,348 2,227 (922) Gain on bargain purchases 22 (4,796) (13,413) CARES Act — (5,320) (33,347) Return to provision adjustments (2,275) (595) (270) Global intangible low-tax income (“GILTI”) 2,404 327 — Loss on derivative instruments — 4,363 — Goodwill 28,935 — — Change in uncertain tax positions (2,224) — — Change in valuation allowance 60,073 — Total (benefit) provision for income taxes $ (28,923) $ (4,377) $ (69,324) Effective income tax rate on continuing operations 6.4 % 3.7 % 92.7 % Deferred income taxes reflect the net tax effects of temporary differences between the carrying amount of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of the Company’s deferred income taxes at December 31, 2022 and 2021 are as follows: Years Ended December 31, (in thousands) 2022 2021 Deferred tax assets: Accrued liabilities and other $ 5,585 $ 1,162 Share-based compensation 1,699 2,792 Naming rights liabilities 29,248 43,298 Self constructed assets 5,690 5,730 Interest 79,757 21,208 Goodwill 3,140 — Net operating loss carryforwards 19,043 20,569 Valuation allowance (60,073) — Total deferred tax assets, net $ 84,089 $ 94,759 Deferred tax liabilities: Land $ (4,058) $ (4,071) Property and equipment (52,202) (35,807) Change in accounting method (73) (8,494) Goodwill — (12,544) Amortizable assets (140,229) (236,388) Total deferred tax liabilities $ (196,562) $ (297,304) Net deferred tax liabilities $ (112,473) $ (202,545) The Company will only recognize a deferred tax asset when, based on available evidence, realization is more likely than not. The Company has assessed its deferred tax liabilities arising from taxable temporary differences and has concluded such liabilities are not a sufficient source of income for the realization of deferred tax assets, including indefinite life taxable temporary differences which offset, subject to limitation, deferred tax assets with unlimited carryovers, such as the Section 163(j) interest limitation. Accordingly, a $60.1 million valuation allowance has been established as of December 31, 2022. There was no valuation allowance established as of December 31, 2021. The change in valuation allowance for the year ended December 31, 2022 was $60.1 million. There was no change in valuation allowance for the years ended December 31, 2021 and 2020. At December 31, 2022, the Company’s cash and cash equivalents totaled $212.5 million, of which approximately 41% was held in locations outside the US. During the year, the Company changed its assertion and will not indefinitely reinvest undistributed earnings. Accordingly, the Company has determined that no deferred tax liability is required for undistributed foreign earnings at December 31, 2022 and will continue to monitor for future changes. For the years ended December 31, 2022 and 2021 the net deferred tax liabilities decreased by $90.1 million and increased by $165.6 million, respectively. For the year ended December 31, 2022, a decrease of $88.1 million was included in income from operations and a decrease of $2.0 million was included in other comprehensive loss. For the year ended December 31, 2021, a decrease of $5.2 million was included in income from operations, an increase of $169.8 million was acquired from business combinations in 2021, and a decrease of $1.0 million was included in other comprehensive loss. As of December 31, 2022, the Company has $9.1 million of federal net operating carryforwards subject to a section 382 limitation with an unlimited carryforward period. There was $14.6 million of federal net operating carryforwards subject to a section 382 limitation with an unlimited carryforward period as of December 31, 2021. As of December 31, 2022 and December 31, 2021, the Company had $174.5 million and $92.4 million of state net operating loss carryforwards, respectively, which expire at various dates through 2041. The Internal Revenue Code (IRC) Section 382 provides for a limitation of the annual use of net operating loss and tax credit carryforwards following certain ownership changes (as defined by the IRC Section 382) that limits the Company’s ability to utilize these carryforwards prior to expiration. Section 382 can also apply when we acquire subsidiaries with net operating loss carryforwards, as there may be limitations on the use of acquired net operating losses against our taxable income. As of December 31, 2022, the Company expects to utilize all acquired tax attributes prior to expiration. CARES Act On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) was signed into law. The CARES Act provides opportunities for additional liquidity, loan guarantees, and other government programs to support companies affected by the COVID-19 pandemic and their employees, including those that operate in the gaming area. The benefits of the CARES Act that were available to us included: a. refund of federal income taxes due to five-year carryback of net operating loss incurred in 2020 when our 2020 tax return was filed in 2021; b. relaxation of interest expense deduction limitation for income tax purposes; and c. the employee retention credit, providing a refundable federal tax credit equal to 50% of the first $10,000 of qualified wages and benefits, including qualified medical plan contributions, paid to employees while they are not performing services after March 12, 2020 and before January 1, 2021. The Company realized a tax benefit of $5.3 million and $33.3 million in the years ended December 31, 2021 and 2020, respectively. The Company realized no tax benefit in the year ended December 31, 2022. The Company intends to continue to review and consider any available potential benefits under the CARES Act for which it qualifies, including those described above. The Company cannot predict the manner in which such benefits or any of the other benefits described herein will be allocated or administered and the Company cannot provide assurances that it will be able to access such benefits in a timely manner or at all. If the US government or any other governmental authority agrees to provide such aid under the CARES Act or any other crisis relief assistance, it may impose certain requirements on the recipients of the aid, including restrictions on executive officer compensation, dividends, prepayment of debt, limitations on debt and other similar restrictions that will apply for a period of time after the aid is repaid or redeemed in full. From time to time, the Company may be subject to audits covering a variety of tax matters by taxing authorities in any taxing jurisdiction where the Company conducts business. While the Company believes that the tax returns filed and tax positions taken are supportable and accurate, some tax authorities may not agree with the positions taken. This can give rise to tax uncertainties which, upon audit, may not be resolved in the Company’s favor. There was an acquired tax contingency accrual of $5.1 million for uncertain tax positions recorded as of December 31, 2021. There was no unrecognized tax benefit recorded as of December 31, 2020. As of December 31, 2022, there was $11.3 million tax contingency accruals and deferred tax asset reductions for uncertain tax positions, of which $8.9 million would impact the effective tax rate, if recognized. A reconciliation of the beginning and ending balances of the gross liability for uncertain tax positions is as follows: (in thousands) 2022 2021 2020 Uncertain tax position liability at the beginning of the year $ 5,131 $ — $ — Increases related to tax positions taken during prior period 11,277 5,131 — Decreases related to tax positions taken during prior periods (5,131) — — Uncertain tax position liability at the end of the year $ 11,277 $ 5,131 $ — It is reasonably possible that the Company’s unrecognized tax benefits could change in the next twelve months, however the Company is unable to estimate a range at this time. The Company records interest and penalties related to uncertain tax positions as a component of the income tax provision (benefit). The Company has reserved interest and penalties on uncertain tax positions of $0.1 million as of December 31, 2022. The Company has not reserved interest and penalties on uncertain tax positions as of December 31, 2021. The Company has recorded $0.1 million of interest on uncertain tax positions on the statement of operations for the year ended December 31, 2022. There was no interest on uncertain tax positions recorded in the statement of operations for the years ended December 31, 2021 and 2020. The Company and its subsidiaries file tax returns in several jurisdictions including the US and various US state and foreign jurisdictions. The Company remains subject to examination for US federal income tax purposes for the years ended December 31, 2015 through 2021, as a result of a 2020 net operating loss carryback claim. The Company remains subject to examination for state and foreign income tax purposes for the years ended December 31, 2012 through 2021. The Company is currently appealing an audit by the State of Colorado for tax years ended December 31, 2012 through 2015. Based on the current status of the Colorado appeal, the Company believes no additional reserves are necessary. In addition, the disallowance of a loss carryforward generated in a period outside of the normal statute of limitations is generally open until the statute of limitations expires in the year of the utilization of the loss.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Litigation The Company is a party to various legal and administrative proceedings which have arisen in the ordinary course of its business. Estimated losses are accrued for these proceedings when the loss is probable and can be estimated. The current liability for the estimated losses associated with these proceedings is not material to the Company’s consolidated financial condition and those estimated losses are not expected to have a material impact on results of operations. Although the Company maintains what it believes is adequate insurance coverage to mitigate the risk of loss pertaining to covered matters, legal and administrative proceedings can be costly, time-consuming and unpredictable. Although no assurance can be given, the Company does not believe that the final outcome of these matters, including costs to defend itself in such matters, will have a material adverse effect on the company’s consolidated financial statements. Further, no assurance can be given that the amount or scope of existing insurance coverage will be sufficient to cover losses arising from such matters. Master Video Lottery Terminal Contract The current terms for the Twin River Casino Hotel and Tiverton Casino Hotel contracts with the Division of Lotteries of the Rhode Island Department of Revenue end on July 1, 2043. The Tiverton Casino Hotel contract was automatically assigned, pursuant to Rhode Island law, from Newport Grand to Tiverton Casino Hotel upon commencement of gaming operations at the Tiverton Casino Hotel. In connection with the Company’s joint venture with International Game Technology PLC (“IGT”) a joint venture was organized as the Rhode Island VLT Company, LLC to supply the State of Rhode Island with all VLTs at both Bally’s Twin River and Bally’s Tiverton. Under the transaction agreement for the joint venture, dated December 21, 2022, the Company has agreed to pay $7.5 million to an affiliate of IGT, payable in two equal parts on or before June 15, 2023 and 2024, respectively. Capital Expenditure Commitments Bally’s Atlantic City - As part of the regulatory approval process with the State of New Jersey, the Company committed to spend $100 million in capital expenditures over a five year period to invest in and improve the property. The commitment calls for expenditures of no less than $25 million each in 2021, 2022 and 2023 and $85 million in aggregate for 2021, 2022 and 2023. The remaining $15 million of committed capital must be spent over 2024 and 2025. From 2021 through 2025, no less than $35 million must be invested in the hotel and no less than $65 million must be invested in non-hotel projects. Bally’s Twin River - Per the terms of the Regulatory Agreement in Rhode Island, the Company is committed to invest $100 million in its Rhode Island properties over the term of the master contract through June 30, 2043, including an expansion and the addition of new amenities at Bally’s Twin River. City of Chicago Guaranty In connection with the host community agreement, signed by Bally’s Chicago Operating Company, LLC (the “Developer”), a wholly-owned indirect subsidiary of the Company, the Company provided the City of Chicago with a performance guaranty whereby the Company agreed to have and maintain available financial resources in an amount reasonably sufficient to allow the Developer to complete its obligations under the host community agreement. In addition, upon notice from the City of Chicago that the Developer has failed to perform various obligations under the host community agreement, the Company has indemnified the City of Chicago against any and all liability, claim or reasonable and documented expense the City of Chicago may suffer or incur by reason of any nonperformance of any of the Developer’s obligations. Sponsorship Commitments The Company has entered into several sponsorship agreements, totaling $83.3 million over 15 years, with various professional sports leagues and teams, allowing the Company use of official league marks for branding and promotions, among other rights. Collective Bargaining Agreements As of December 31, 2022, the Company had approximately 10,500 employees. Most of the Company’s employees in Rhode Island, Nevada and New Jersey are represented by a labor union and have collective bargaining agreements with the Company. As of such date, the Company had 29 collective bargaining agreements covering approximately 2,755 employees. All collective bargaining agreements are in good standing and have been renegotiated for a three or five year term. There can be no assurance that we will be able to extend or enter into replacement agreements. If the Company is able to extend or enter into replacement agreements, there can be no assurance as to whether the terms will be on comparable terms to the existing agreements.

SEGMENT REPORTING

SEGMENT REPORTING	12 Months Ended
	Dec. 31, 2022
Segment Reporting [Abstract]
SEGMENT REPORTING	SEGMENT REPORTING The Company has three operating and reportable segments: Casinos & Resorts, North America Interactive and International Interactive. The “Other” category includes interest expense for the Company and certain unallocated corporate operating expenses and other adjustments, including eliminations of transactions among segments to reconcile to the Company’s consolidated results including, among other expenses, share-based compensation, acquisition and other transaction costs and certain non-recurring charges. During the first quarter of 2022, the Company changed its methodology for allocating certain corporate operating expenses within general and administrative expense previously reported in “Other” to directly apply such costs to the segment supported. The prior year results presented below were reclassified to conform to the new segment presentation. The Company’s three reportable segments as of December 31, 2022 are: Casinos & Resorts - Includes the Company’s 15 casino and resort properties and one horse race track. North America Interactive - A portfolio of sports betting, iGaming, and free-to-play gaming brands. International Interactive - Gamesys’ European and Asian operations. As of December 31, 2022, the Company’s operations were predominately in the US, Europe and Asia with a less substantive footprint in other countries world-wide. For geographical reporting purposes, revenue generated outside of the US has been aggregated into the International Interactive reporting segment, and consists primarily of revenue from the UK and Japan. Revenue generated from the UK and Japan represented approximately 25% and 12% of total revenue, respectively, during the year ended December 31, 2022, and approximately 11% and 6%, respectively, for the year ended December 31, 2021. The Company does not have any revenues from any individual customers that exceed 10% of total reported revenues. The Company utilizes Adjusted EBITDA (defined below) as a measure of its performance. Management believes Adjusted EBITDA is representative of its ongoing business operations including its ability to service debt and to fund capital expenditures, acquisitions and operations, in addition to it being a commonly used measure of performance in the gaming industry and used by industry analysts to evaluate operations and operating performance. The following table sets forth revenue and Adjusted EBITDA for the Company’s three reportable segments and reconciles Adjusted EBITDA on a consolidated basis to net income (loss). The Other category is included in the following tables in order to reconcile the segment information to the Company’s consolidated financial statements. Years Ended December 31, (in thousands) 2022 2021 2020 Revenue Casinos & Resorts $ 1,227,563 $ 1,032,828 $ 372,792 North America Interactive 81,700 38,352 — International Interactive 946,442 251,263 — Total $ 2,255,705 $ 1,322,443 $ 372,792 Adjusted EBITDA (1) Casinos & Resorts $ 345,617 $ 317,705 $ 89,913 North America Interactive (65,729) (12,413) — International Interactive 321,651 69,944 — Other (53,024) (45,334) (20,658) Total 548,515 329,902 69,255 Operating income (expense) Depreciation and amortization (300,559) (144,786) (37,842) Transaction costs (85,604) (84,543) (14,050) Share-based compensation (27,912) (20,143) (17,706) Gain on sale-leaseback 50,766 53,425 — Impairment charges (463,978) (4,675) (8,659) Other (14,236) (35,798) (9,384) (Loss) income from operations (293,008) 93,382 (18,386) Other income (expense) Interest expense, net of interest income (208,153) (117,924) (62,636) Other 46,692 (94,532) 6,211 Total other expense, net (161,461) (212,456) (56,425) Loss before provision for income taxes (454,469) (119,074) (74,811) Benefit for income taxes 28,923 4,377 69,324 Net loss $ (425,546) $ (114,697) $ (5,487) __________________________________ (1) Adjusted EBITDA is defined as earnings, or loss, for the Company before interest expense, net of interest income, provision (benefit) for income taxes, depreciation and amortization, non-operating (income) expense, acquisition and other transaction related costs, share-based compensation, and certain other gains or losses as well as, when presented for our reporting segments, an adjustment related to the allocation of corporate cost among segments. Years Ended December 31, (in thousands) 2022 2021 2021 Capital Expenditures Casinos & Resorts $ 183,693 $ 92,479 $ 14,480 North America Interactive 6,635 172 — International Interactive 12,392 4,166 — Other 9,536 708 803 Total $ 212,256 $ 97,525 $ 15,283 Total assets are not regularly reviewed for each operating segment when assessing segment performance or allocating resources and accordingly, are not presented. As of December 31, 2022, the Company’s long-lived assets located outside of the US, consisting primarily of goodwill and intangible assets, were aggregated into the International Interactive reporting segment as disclosed in Note 10 “Goodwill and Intangible Assets.” Over 98% of property and equipment is located within the US.

EARNINGS PER SHARE

EARNINGS PER SHARE	12 Months Ended
	Dec. 31, 2022
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS (LOSS) PER SHARE Diluted earnings per share includes the determinants of basic earnings per share and, in addition, reflects the dilutive effect of the common stock deliverable for stock options, using the treasury stock method, and for RSUs, RSAs and PSUs for which future service is required as a condition to the delivery of the underlying common stock. Years Ended December 31, 2022 2021 2020 Net loss applicable to common stockholders $ (425,546) $ (114,697) $ (5,487) Weighted average common shares outstanding, basic 58,111,699 49,643,991 31,315,151 Weighted average effect of dilutive securities — — — Weighted average common shares outstanding, diluted 58,111,699 49,643,991 31,315,151 Per share data Basic $ (7.32) $ (2.31) $ (0.18) Diluted $ (7.32) $ (2.31) $ (0.18) Anti-dilutive shares excluded from the calculation of diluted earnings per share 5,188,388 5,015,803 4,919,326 Sinclair Agreement

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2022
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS On January 3, 2023, the Company completed a transaction for its Bally’s Tiverton and Hard Rock Biloxi properties. Refer to Note 15 “ Leases On January 5, 2023, the Company acquired BACA Limited, (“Casino Secret”) a European based, online casino with one of the fastest growing brands in the market, for approximately €43.9 million. Due to the timing of the acquisition, the initial purchase accounting is incomplete. The Company will complete its initial allocation of purchase price to total net assets acquired in the first quarter of 2023. The results of Casino Secret will be reported within the Company’s International Interactive segment. On January 18, 2023, the Company announced a restructuring plan of the Interactive business intended to reduce operating costs and continue the Company’s commitment to achieving profitable operations in its North America Interactive segment. The Company estimates that it will incur between $10 million to $15 million in charges in connection with the restructuring plan representing cash severance costs which the Company expects to incur in the first quarter of 2023.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) and include the accounts of the Company, its majority-owned subsidiaries and entities the Company identifies as variable interest entities (“VIEs”), of which the Company is determined to be the primary beneficiary. All intercompany balances and transactions have been eliminated in consolidation. Certain prior year amounts have been reclassified to conform to the current year’s presentation.
Consolidation, Variable Interest Entity, Policy	Variable Interest Entities The Company evaluates entities for which control is achieved through means other than voting rights to determine if it is the primary beneficiary of a VIE. An entity is a VIE if it has any of the following characteristics (i) has insufficient equity to permit the entity to finance its activities without additional subordinated financial support (ii) equity holders, as a group, lack the characteristics of a controlling financial interest or (iii) the entity is structured with non-substantive voting rights. The primary beneficiary of the VIE is generally the entity that has (a) the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance and (b) the obligation to absorb losses or the right to receive benefits that could potentially be significant to the VIE. The Company consolidates its investment in a VIE when it determines that it is its primary beneficiary. In determining whether it is the primary beneficiary of the VIE, the Company considers qualitative and quantitative factors, including, but not limited to: which activities most significantly impact the VIE’s economic performance and which party controls such activities and significance of the Company’s investment and other means of participation in the VIE’s expected profits/losses. Significant judgments related to these determinations include estimates about the current and future fair values and performance of assets held by these VIEs and general market conditions.
Use of Estimates in the Preparation of Financial Statements	Use of Estimates in the Preparation of Financial Statements The preparation of financial statements in conformity with US GAAP requires management to make estimates and judgments that affect the reported amounts of assets and liabilities and revenues and expenses and related disclosures of contingent assets and liabilities. On an ongoing basis, the Company evaluates its estimates and judgments including those related to contingent value rights, the allowance for doubtful accounts, valuation of goodwill and intangible assets, recoverability and useful lives of tangible and intangible long-lived assets, accruals for players club card incentives and for potential liabilities related to any lawsuits or claims brought against the Company, fair value of financial instruments, capitalized software development costs, stock compensation and valuation allowances for deferred tax assets. The Company bases its estimates and judgments on historical experience and other relevant factors impacting the carrying value of assets and liabilities. Actual results may differ from these estimates.
Cash and Cash Equivalents and Restricted Cash	Cash and Cash Equivalents and Restricted CashCash and cash equivalents includes cash balances and highly liquid investments with an original maturity of three months or less.
Concentrations of Credit Risk	Concentrations of Credit RiskThe Company’s financial instruments which potentially expose the Company to concentrations of credit risk consisted of cash and cash equivalents and trade receivables. The Company maintains cash with financial institutions in excess of federally insured limits, however, management believes the credit risk is mitigated by the quality of the institutions holding such deposits.
Allowance for Doubtful Accounts	An allowance for doubtful accounts is determined to reduce the Company’s receivables for amounts that may not be collected. The allowance is estimated based on historical collection experience, current economic and business conditions and forecasts that affect the collectability and review of individual customer accounts and any other known information.
Inventory	Inventory Inventory is stated at the lower of cost or net realizable value on a first-in, first-out basis and consists primarily of food, beverage, promotional items and other supplies.
Property and Equipment	Property and Equipment Property and equipment are stated at cost, net of accumulated depreciation and impairment losses, if applicable. Expenditures for renewals and betterments that extend the life or value of an asset are capitalized and expenditures for repairs and maintenance are charged to expense as incurred. The costs and related accumulated depreciation applicable to assets sold or disposed are removed from the balance sheet accounts and the resulting gains or losses are reflected in the consolidated statements of operations. Depreciation is recorded using the straight-line method over the estimated useful lives of the assets or the related lease term, if any, as follows: Years Land improvements 10-20 Building and improvements 2-50 Equipment 2-10 Furniture and fixtures 2-10
Leases	Leases The Company determines if a contract is or contains a lease at the contract inception date or the date in which a modification of an existing contract occurs. A contract is or contains a lease if the contract conveys the right to control the use of an identified asset for a period in exchange for consideration. Control over the use of the identified asset means the lessee has both (i) the right to obtain substantially all of the economic benefits from the use of the identified asset throughout the period of use and (ii) the right to direct the use of the identified asset. Upon adoption of Accounting Standards Codification (“ASC”) 842, Leases , (“ASC 842”) the Company elected to account for lease and non-lease components as a single component for all classes of underlying assets. Additionally, the Company elected to not recognize short-term leases (defined as leases that are less than 12 months and do not contain purchase options) within the consolidated balance sheets. The Company recognizes a lease liability for the present value of lease payments at the lease commencement date using its incremental borrowing rate commensurate with the lease term based on information available at the commencement date unless the rate implicit in the lease is readily determinable. The Bally’s Chicago ground lease is accounted for as a financing obligation in accordance with ASC 470, Debt Leases
Goodwill and Intangible Assets	Goodwill Goodwill consists of the excess of acquisition costs over the fair value of net assets acquired in business combinations. Goodwill is not amortized, but is reviewed for impairment annually as of October 1st, or when events or changes in the business environment indicate that the carrying value of the reporting unit may exceed its fair value, by comparing the fair value of each reporting unit to its carrying value, including goodwill. When assessing goodwill for impairment, first, qualitative factors are assessed to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying value. Items that are considered in the qualitative assessment include, but are not limited to, the following: macroeconomic conditions, industry and market conditions and overall financial performance. If the results of the qualitative assessment indicate it is more likely than not that a reporting unit’s carrying value exceeds its fair value, or if the Company elects to bypass the qualitative assessment, a quantitative goodwill test is performed. For the quantitative goodwill impairment test, the Company estimates the fair value of the reporting unit and asset group using both income and market-based approaches. Specifically, the Company applies the discounted cash flow (“DCF”) method under the income approach and the guideline company under the market approach and weighs the results of the two valuation methodologies based on the facts and circumstances surrounding the reporting unit. For the DCF method, the Company relies on the present value of expected future cash flows, including terminal value, utilizing a market-based weighted average cost of capital (“WACC”) determined separately for the reporting unit as of the valuation date. The determination of fair value under the DCF method involves the use of significant estimates and assumptions, including revenue growth rates driven by future gaming activity, operating margins, capital expenditures, working capital requirements, tax rates, terminal growth rates, and discount rates. For the market approach, the Company utilizes a comparison of the reporting unit to comparable publicly-traded companies and transactions and, based on the observed earnings multiples, ultimately selects multiples to apply to the reporting unit. The Company then compares the fair value of its reporting units to the carrying amounts. If the carrying amount of the reporting unit exceeds the fair value, an impairment is recorded equal to the amount of the excess (not to exceed the amount of goodwill allocated to the reporting unit). Intangible Assets The Company’s intangible assets primarily consist of customer relationships, developed technology, internally developed software, gaming licenses and trade names. The Company also has a Naming rights intangible asset obtained through the Sinclair Agreement (as defined herein). Refer to Note 13 “ Sinclair Agreement For its finite-lived intangible assets, the Company establishes a useful life upon initial recognition based on the period over which the asset is expected to contribute to the future cash flows of the Company and periodically evaluates the remaining useful lives to determine whether events and circumstances warrant a revision to the remaining amortization period. Finite-lived intangible assets are amortized over their remaining useful lives in a pattern in which the economic benefits of the intangible asset are consumed, which is generally on a straight-line basis. The Company reviews the carrying amount of its finite-lived intangible assets for possible impairment whenever events or changes in circumstances indicate that their carrying amount may not be recoverable. Should events and circumstances indicate finite-lived intangible assets may not be recoverable, the Company performs a test for recoverability whereby estimated undiscounted cash flows are compared to the carrying values of the assets. Should the estimated undiscounted cash flows exceed the carrying value, no impairments are recorded. If the undiscounted cash flows do not exceed the carrying values, an impairment is recorded based on the fair value of the asset. Customer Relationships - The Company considers customer relationships to be finite-lived intangible assets, which are amortized over their estimated useful lives, and are recognized as the result of a business combination. Developed Technology - Developed technology relates to the design and development of sports betting and casino gaming software and online gaming products acquired through the Company’s acquisitions of the businesses within the North America Interactive and International Interactive segments. Developed technology is considered to be a finite-lived intangible asset, which are amortized over their estimated useful lives, which is generally between three to 10 years. Internally Developed Software - Software that is developed for internal use is accounted for pursuant to ASC 350-40, Intangibles, Goodwill and Other - Internal-Use Software . Qualifying costs incurred to develop internal-use software are capitalized when (i) the preliminary project stage is completed, (ii) management has authorized further funding for the completion of the project and (iii) it is probable that the project will be completed and perform as intended. These capitalized costs include compensation for employees who develop internal-use software and external costs related to development of internal use software. Capitalization of these costs ceases once the project is substantially complete and the software is ready for its intended purpose. Once placed into service, internally developed software is amortized on a straight-line basis over its estimated useful life, which is generally five years. All other expenditures, including those incurred in order to maintain an intangible asset’s current level of performance, are expensed as incurred. Gaming Licenses and Trade Names - Certain gaming licenses and trade names classified as finite-lived are amortized over their estimated useful lives. The Company also has certain gaming licenses, including its VLT licenses, and trade names, which are considered to be indefinite lived based on future expectations of operating its gaming properties indefinitely, continuing to brand its corporate name and certain properties under the Bally’s trade name indefinitely and continuing to indefinitely brand its online casino offerings within the International Interactive segment with the trade names acquired through the Gamesys acquisition. Intangible assets not subject to amortization are reviewed for impairment annually as of October 1 and between annual test dates whenever events or changes in circumstances may indicate that the carrying amount of the related asset may not be recoverable.
Long-lived Assets	Long-lived Assets The Company reviews its long-lived assets, other than goodwill and intangible assets not subject to amortization, for indicators of impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. If an asset is still under development, the analysis includes the remaining construction costs. If the carrying value of the asset exceeds the expected undiscounted future cash flows generated by the asset, the asset is written down to its estimated fair value and an impairment loss is recognized.
Debt Issuance Costs and Debt Discounts	Debt Issuance Costs and Debt DiscountsDebt issuance costs and debt discounts incurred by the Company in connection with obtaining and amending financing have been included as a component of the carrying amount of debt in the consolidated balance sheets. Debt issuance costs and debt discounts are amortized over the contractual term of the debt to interest expense. Debt issuance costs of the revolving credit facility are amortized on a straight-line basis, while all other debt issuance costs and debt discounts are amortized using the effective interest method.
Self Insurance Reserves	Self-Insurance ReservesThe Company is self-insured for employee medical insurance coverage, general liability and workers’ compensation up to certain stop-loss amounts. Self-insurance liabilities are estimated based on the Company’s claims experience using actuarial methods to estimate the future cost of claims and related expenses that have been reported but not settled and that have been incurred but not yet reported. The self-insurance liabilities are included in “Accrued liabilities” in the consolidated balance sheets
Share-Based Compensation	Share-Based Compensation The Company accounts for its share-based compensation in accordance with ASC 718, Compensation - Stock Compensation Equity Plans
Warrant/Option Liabilities	Warrant/Option Liabilities The Company accounts for Penny Warrants and Options issued to Sinclair under the Sinclair Agreement in accordance with ASC 815-40, Contracts in an Entity’s Own Equity . The Penny Warrants and Options are classified in equity because they are indexed to the Company’s own stock and meet all conditions for equity classification. The Performance Warrants are accounted for as a derivative liability in accordance with ASC 815, Derivatives and Hedging
Sequencing Policy	Sequencing Policy Under ASC 815-40-35, the Company has adopted a sequencing policy to determine equity or asset/liability classification for contracts involving the Company’s own equity that require cash settlement if sufficient shares are not available to settle the contracts in equity. Under this policy, the Company has elected to allocate available shares to contracts based on the order in which they become exercisable.
Revenue Policy	Revenue The Company accounts for revenue earned from contracts with customers under ASC 606, Revenue from Contracts with Customers
Gaming and Racing Expenses	Gaming Expenses Gaming expenses include, among other things, payroll costs and expenses associated with the operation of VLTs, slots and table games, including gaming taxes payable to jurisdictions in which the Company operates outside of Rhode Island and Delaware, and marketing costs directly associated with the Company’s iGaming products and services. These marketing expenses are included within Gaming expenses in the consolidated statements of operations for the years ended December 31, 2022 and 2021 and were $174.7 million and $60.8 million, respectively. There were no such marketing expenses included within Gaming expenses for the year ended December 31, 2020 . Gaming expenses also include racing expenses comprised of payroll costs, off track betting (“OTB”) commissions and other expenses associated with the operation of live racing and simulcasting.
Advertising Expenses	Advertising ExpensesThe Company expenses advertising costs as incurred.
Expansion and Pre-opening Expenses	Expansion and Pre-opening Expenses Expansion and pre-opening expenses are charged to expense as incurred. The Company defines pre-opening expenses as costs incurred before the property commences commercial operations and defines expansion expenses as costs incurred in connection with the opening of a new facility or significant expansion of an existing property. Costs classified as expansion and pre-opening costs consist primarily of marketing, master planning, conceptual design fees and legal and professional fees that are not eligible for capitalization and are included in “General and administrative” on the consolidated statements of operations. Pre-opening expenses for the years ended December 31, 2022, 2021 and 2020 was $0.7 million , $1.8 million and $0.9 million , respectively. There were no expansion expenses during the years ended December 31, 2022, 2021 and 2020.
Interest Expense	Interest Expense, NetInterest expense, net is comprised of interest costs for the Company’s debt and amortization of debt issuance costs and debt discounts, net of interest income and amounts capitalized for construction projects.
Income Taxes	Income Taxes The Company prepares its income tax provision in accordance with ASC 740, Income Taxes . Under the asset and liability method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that the rate change is enacted. A valuation allowance is required when it is “more likely than not” that all or a portion of the deferred taxes will not be realized. The consolidated financial statements reflect expected future tax consequences of uncertain tax positions presuming the taxing authorities’ full knowledge of the position and all relevant facts.
Earnings Per Share	Earnings (Loss) Per Share Basic earnings (loss) per common share is calculated in accordance with ASC 260, Earnings Per Share , which requires entities that have issued securities other than common stock that participate in dividends with common stock (“participating securities”) to apply the two-class method to compute basic earnings (loss) per common share. The two-class method is an earnings allocation method under which basic earnings (loss) per common share is calculated for each class of common stock and participating security as if all such earnings had been distributed during the period. To calculate basic earnings (loss) per share, the earnings allocated to common shares is divided by the weighted average number of common shares outstanding, contingently issuable warrants and RSUs, RSAs and PSUs for which no future service is required as a condition to the delivery of the underlying common stock (collectively, basic shares).
Foreign Currency Transactions and Translations Policy	Foreign Currency The Company’s functional currency is the US Dollar (“USD”). Foreign subsidiaries with a functional currency other than USD translate assets and liabilities at current exchange rates at the end of the reporting periods, while income and expense accounts are translated at average exchange rates for the respective periods. Translation adjustments resulting from this process are recorded to other comprehensive income (loss). Gains or losses from foreign currency remeasurements that arise from exchange rate fluctuations on transactions denominated in a currency other than the functional currency are included in “Other non-operating expenses, net” on the consolidated statements of operations.
Comprehensive (Income) Loss	Comprehensive (Loss) Income Comprehensive (loss) income includes changes in equity that result from transactions and economic events from non-owner sources. Comprehensive (loss) income consists of net (loss) income, changes in defined benefit pension plan, net of tax and foreign currency translation adjustments.
Treasury Stock	Treasury StockThe Company records the repurchase of shares of common stock at cost based on the settlement date of the transaction. These shares are classified as treasury stock, which is a reduction to stockholders’ equity. Treasury stock is included in authorized and issued shares but excluded from outstanding shares.
Business Combinations	Business Combinations The Company accounts for its acquisitions in accordance with ASC 805, Business Combinations . The Company initially allocates the purchase price of an acquisition to the assets acquired and liabilities assumed based on their estimated fair values, with any excess of consideration transferred recorded as goodwill. If the estimated fair value of net assets acquired and liabilities assumed exceeds the purchase price, the Company records a gain on bargain purchase in earnings in the period of acquisition. The results of operations of acquisitions are included in the consolidated financial statements from their respective dates of acquisition. Costs incurred to complete the business combination such as investment banking, legal and other professional fees are not considered part of consideration and are charged to general and administrative expense as they are incurred.
Segments	SegmentsOperating segments are identified as components of an enterprise that engage in business activities from which it recognizes revenues and expenses, and for which discrete financial information is available and regularly reviewed by the chief operating decision-maker in making decisions regarding resource allocation and assessing performance.
Fair Value Measurement	Fair Value Measurements Fair value is determined using the principles of ASC 820, Fair Value Measurement . Fair value is described as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value hierarchy prioritizes and defines the inputs to valuation techniques as follows: • Level 1: Observable quoted prices (unadjusted) for identical assets or liabilities in active markets. • Level 2: Inputs are observable for the asset or liability either directly or through corroboration with observable market data. • Level 3: Unobservable inputs.
Recently Adopted and Issued Accounting Pronouncements	In October 2021, the Financial Accounting Standards Board issued Accounting Standards Update No. 2021-08, Business Combinations (Topic 805) - Accounting for Contract Assets and Contract Liabilities from Contracts with Customers . The amendments in this update address diversity in practice and inconsistency related to recognition of an acquired contract liability and the effect of payment terms on subsequent revenue recognition for the acquirer. This update is effective for fiscal years beginning after December 15, 2022 and interim periods within those fiscal years, with early adoption permitted. The Company is currently in the process of evaluating the impact of this amendment on its consolidated financial statements. In December 2022, the Financial Accounting Standards Board issued Accounting Standards Update No. 2022-06, Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848 . The amendments in this update defer the sunset date of Topic 848, which applies to entities which have transactions that reference LIBOR or other reference rates which are expected to be discontinued due to reference rate reform, until December 31, 2024. The Company is currently in the process of evaluating the impact of this amendment on its consolidated financial statements.

Accounting Policies (Policies)

Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Recently Adopted and Issued Accounting Pronouncements	In October 2021, the Financial Accounting Standards Board issued Accounting Standards Update No. 2021-08, Business Combinations (Topic 805) - Accounting for Contract Assets and Contract Liabilities from Contracts with Customers . The amendments in this update address diversity in practice and inconsistency related to recognition of an acquired contract liability and the effect of payment terms on subsequent revenue recognition for the acquirer. This update is effective for fiscal years beginning after December 15, 2022 and interim periods within those fiscal years, with early adoption permitted. The Company is currently in the process of evaluating the impact of this amendment on its consolidated financial statements. In December 2022, the Financial Accounting Standards Board issued Accounting Standards Update No. 2022-06, Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848 . The amendments in this update defer the sunset date of Topic 848, which applies to entities which have transactions that reference LIBOR or other reference rates which are expected to be discontinued due to reference rate reform, until December 31, 2024. The Company is currently in the process of evaluating the impact of this amendment on its consolidated financial statements.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Schedule of Accounts Receivable	Accounts receivable, net consists of the following: December 31, (in thousands) 2022 2021 Accounts due from Rhode Island and Delaware (1) $ 15,865 $ 10,575 Gaming receivables 19,065 10,576 Non-gaming receivables 42,532 31,481 Accounts receivable 77,462 52,632 Less: Allowance for doubtful accounts (5,789) (4,454) Accounts receivable, net $ 71,673 $ 48,178 __________________________________ (1) Represents the Company’s share of VLT and table games revenue for Bally’s Twin River and Bally’s Tiverton due from the State of Rhode Island and from the State of Delaware for Bally’s Dover.
Schedule of Allowance for Doubtful Accounts	Activity for the allowance for doubtful accounts is as follows: December 31, (in thousands) 2022 2021 2020 Balance at beginning of year $ 4,454 $ 3,067 $ 1,296 Charges to expense 1,649 1,717 353 Deductions (602) (701) (653) Other adjustments 288 371 2,071 Balance at end of year $ 5,789 $ 4,454 $ 3,067
Property and Equipment	Depreciation is recorded using the straight-line method over the estimated useful lives of the assets or the related lease term, if any, as follows: Years Land improvements 10-20 Building and improvements 2-50 Equipment 2-10 Furniture and fixtures 2-10 As of December 31, 2022 and 2021, property and equipment, net was comprised of the following: December 31, (in thousands) 2022 2021 Land $ 259,378 $ 75,328 Land improvements 31,197 34,704 Building and improvements 752,964 650,837 Equipment 246,340 182,006 Furniture and fixtures 63,753 47,258 Construction in process 116,181 53,715 Total property, plant and equipment 1,469,813 1,043,848 Less: Accumulated depreciation (1) (267,711) (205,197) Property and equipment, net $ 1,202,102 $ 838,651 __________________________________ (1) Depreciation expenses on property and equipment for the years ended December 31, 2022, 2021 and 2020 was $71.7 million, $53.7 million and $33.0 million, respectively.

CONSOLIDATED FINANCIAL INFORM_2

CONSOLIDATED FINANCIAL INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Other Nonoperating Expense	Amounts included in Other non-operating expenses for the years ended December 31, 2022, 2021 and 2020 were as follows: Year Ended December 31, (in thousands) 2022 2021 2020 Change in value of naming rights liabilities $ 32,577 $ 17,029 $ (57,660) (Adjustment) gain on bargain purchases (107) 22,841 63,871 Loss on extinguishment of debt — (103,007) — Foreign exchange gain (loss) 516 (33,461) — Other, net 13,706 2,066 — Total other non-operating expenses, net $ 46,692 $ (94,532) $ 6,211
Schedule Of General And Administrative Expense	Amounts included in General and administrative for the years ended December 31, 2022, 2021 and 2020 were as follows: Year Ended December 31, (in thousands) 2022 2021 2020 Advertising, general and administrative $ 776,226 $ 496,658 $ 192,751 Acquisition costs 49,480 71,288 13,257 Gain on sale-leaseback, net (50,766) (53,425) — Contract termination — 30,000 — Total general and administrative $ 774,940 $ 544,521 $ 206,008

REVENUE RECOGNITION (Tables)

REVENUE RECOGNITION (Tables)	12 Months Ended
	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregation of Net Revenue	The estimated retail value related to goods and services provided to guests without charge or upon redemption under the Company’s player loyalty programs included in departmental revenues, and therefore reducing gaming revenues, are as follows for the years ended December 31, 2022, 2021 and 2020: Years Ended December 31, (in thousands) 2022 2021 2020 Hotel $ 87,540 $ 55,782 $ 15,099 Food and beverage 70,476 61,038 18,548 Retail, entertainment and other 10,195 7,556 3,031 $ 168,211 $ 124,376 $ 36,678 The following table provides a disaggregation of total revenue by segment (in thousands): Years Ended December 31, Casinos & Resorts North America Interactive International Interactive Total 2022 Gaming $ 907,431 $ 38,759 $ 899,934 $ 1,846,124 Non-gaming: Hotel 153,750 — — 153,750 Food and beverage 115,322 — — 115,322 Retail, entertainment and other 51,060 42,941 46,508 140,509 Total non-gaming revenue 320,132 42,941 46,508 409,581 Total revenue $ 1,227,563 $ 81,700 $ 946,442 $ 2,255,705 2021 Gaming $ 803,940 $ 10,442 $ 239,110 $ 1,053,492 Non-gaming: Hotel 95,356 — — 95,356 Food and beverage 92,906 — — 92,906 Retail, entertainment and other 40,626 27,910 12,153 80,689 Total non-gaming revenue 228,888 27,910 12,153 268,951 Total revenue $ 1,032,828 $ 38,352 $ 251,263 $ 1,322,443 2020 Gaming $ 298,070 $ — $ — $ 298,070 Non-gaming: Hotel 24,742 — — 24,742 Food and beverage 32,132 — — 32,132 Retail, entertainment and other 17,848 — — 17,848 Total non-gaming revenue 74,722 — — 74,722 Total revenue $ 372,792 $ — $ — $ 372,792
Contract with Customer, Contract Asset, Contract Liability, and Receivable	Liabilities related to contracts with customers as of December 31, 2022 and 2021 were as follows: December 31, 2022 2021 Loyalty programs $ 20,264 $ 19,371 Advanced deposits from customers 27,956 33,062 Unpaid wagers 14,038 11,440 Total $ 62,258 $ 63,873

BUSINESS COMBINATIONS (Tables)

BUSINESS COMBINATIONS (Tables)	12 Months Ended
	Dec. 31, 2022
Business Combination and Asset Acquisition [Abstract]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The following table summarizes the consideration paid and the fair values of the assets acquired and liabilities assumed in connection with the Casinos & Resorts acquisitions as of December 31, 2022: Acquired during the year ended December 31, 2022 2021 2021 2021 2020 2020 2020 (in thousands) Tropicana Las Vegas Bally’s Quad Cities Bally’s Evansville Bally’s Lake Tahoe Bally’s Shreveport Bally’s Atlantic City Bally’s Kansas City and Bally’s Vicksburg Preliminary (8) Final (9) Final (9) Final (9) Final (9) Final (9) Final (9) Total current assets $ 8,141 $ 6,717 $ 12,031 $ 4,683 $ 7,616 $ 11,896 $ 5,538 Property and equipment, net 136,116 73,135 12,325 6,361 125,822 40,898 60,865 Right of use assets, net 164,884 — 285,772 57,017 9,260 — 10,315 Intangible assets, net (1) to (7) 5,140 31,180 154,210 5,430 58,140 1,120 138,160 Other assets 766 — 468 — 403 — 117 Goodwill 8,590 13,308 — — — — 54,276 Total current liabilities (10,268) (5,412) (10,927) (3,546) (6,059) (11,114) (4,762) Lease liabilities (164,884) — (285,772) (52,927) (14,540) — (34,452) Other long-term liabilities (395) — (7,543) (904) (12,137) (11,132) (194) Net assets acquired 148,090 118,928 160,564 16,114 168,505 31,668 229,863 Bargain purchase gain — — (20,856) (1,942) (31,315) (32,595) — Total purchase price $ 148,090 $ 118,928 $ 139,708 $ 14,172 $ 137,190 $ (927) $ 229,863 __________________________________ (1) Tropicana Las Vegas intangible assets include rated player relationships, a trade name and pre-bookings of $2.6 million, $1.7 million and $0.8 million, respectively, which are being amortized on a straight-line basis over their estimated useful lives of approximately 9 years, 3 years and 2 years, respectively. (2) Bally’s Quad Cities’ intangible assets include gaming licenses of $30.3 million with an indefinite life, as well as rated player relationships and a trade name of $0.7 million and $0.2 million, respectively, which are being amortized on a straight-line basis over their estimated useful lives of approximately nine years and four months, respectively. (3) Bally’s Evansville’s intangible assets include gaming licenses of $153.6 million with an indefinite life and rated player relationships of $0.6 million which are being amortized on a straight-line basis over an estimated useful life of approximately eight years. (4) Bally’s Lake Tahoe’s intangible assets include gaming licenses of $5.2 million with an indefinite life and a trade name of $0.2 million, which are being amortized on a straight-line basis over its estimated useful life of approximately six months. (5) Bally’s Shreveport intangible assets include gaming licenses of $57.7 million with an indefinite life and rated player relationships of $0.4 million which is being amortized on a straight-line basis over an estimated useful life of eight years. (6) Bally’s Atlantic City intangible assets include rated player relationships of $0.9 million and hotel and conference pre-bookings of $0.2 million, which are being amortized over useful lives of eight years and three years, respectively. (7) Bally’s Kansas City and Bally’s Vicksburg intangible assets include gaming licenses of $137.3 million with an indefinite life and rated player relationships of $0.9 million, which are being amortized on a straight-line basis over estimated useful lives of approximately eight years. (8) The Company recorded adjustments to the preliminary purchase price allocation during the year ended December 31, 2022 which decreased other current assets by $2.5 million, increased total current liabilities by $1.5 million, increased lease liabilities by $0.7 million, and increased right of use assets, net by $0.5 million, with the offset increasing goodwill by $4.2 million. (9) The Company recorded immaterial adjustments to purchase price allocations for 2021 acquisitions during the year ended December 31, 2022. The Company finalized purchase price allocations for 2020 acquisitions during the year ended December 31, 2021. The following table summarizes the consideration paid and the fair values of the assets acquired and liabilities assumed in connection with the North America Interactive Acquisitions: (in thousands) Final (2) Cash and cash equivalents $ 8,689 Accounts receivable, net 4,498 Prepaid expenses and other current assets 3,104 Property and equipment, net 596 Intangible assets, net (1) 167,075 Goodwill 250,730 Total current liabilities (14,787) Deferred tax liability (15,811) Acquired non-controlling interest (3,760) Net investment in North America Interactive Acquisitions $ 400,334 __________________________________ (1) Include customer relationships of $41.5 million, which are being amortized over estimated useful lives between three three (2) The Company recorded immaterial adjustments to the purchase price allocation during the year ended December 31, 2022. The following table summarizes the consideration paid and the fair values of the assets acquired and liabilities assumed in connection with the acquisition of Gamesys as of October 1, 2021: (in thousands) Final (2) Cash and cash equivalents and restricted cash $ 183,306 Accounts receivable, net 35,851 Prepaid expenses and other current assets 28,418 Property and equipment, net 15,230 Right of use assets, net 14,185 Goodwill 1,683,762 Intangible assets, net (1) 1,510,323 Other assets 17,668 Accounts payable (47,881) Accrued income taxes (40,250) Accrued liabilities (180,237) Long-term debt, net (456,469) Lease liabilities (14,185) Deferred tax liability (143,924) Other long-term liabilities (6,680) Total purchase price $ 2,599,117 __________________________________ (1) Intangible assets include customer relationships of $980.2 million and developed technology of $282.0 million, both of which are being amortized over seven years, and trade names of $247.1 million, which have indefinite lives. (2) During the year ended December 31, 2022, the Company recorded adjustments to the purchase price allocation including a $0.5 million increase to prepaid expenses and other current assets, a $5.3 million increase to goodwill, a $2.7 million decrease to intangible assets, net and a $3.1 million increase to accrued liabilities.
Business Acquisition, Pro Forma Information	The following unaudited pro forma consolidated financial information for the twelve months ended December 31, 2021 combines the results of the Company for the year ended December 31, 2021 and the unaudited results of Bally’s Lake Tahoe, Bally’s Evansville and Gamesys for each period subsequent to their respective acquisition dates through December 31, 2021. The following unaudited pro forma consolidated financial information for the twelve months ended December 31, 2020 combines the Company’s historical results with pro forma amounts for Bally’s Lake Tahoe, Bally’s Evansville and Gamesys. The unaudited pro forma consolidated financial information assumes that the acquisitions of Bally’s Lake Tahoe, Bally’s Evansville and Gamesys had occurred as of January 1, 2020. The pro forma consolidated financial information has been calculated after applying the Company’s accounting policies and includes adjustments related to the issuance of new debt and equity offerings as of January 1, 2020 as well as non-recurring adjustments for amortization of acquired intangible assets, compensation expense for share-based compensation arrangements that were cash settled in conjunction with the acquisitions, interest expense, transaction costs, together with the consequential tax effects. The revenue, earnings and pro forma effects of the Bally’s Interactive Acquisitions and Bally’s Quad Cities completed during the year ended December 31, 2021 and Tropicana Las Vegas in the third quarter of 2022 are not material to results of operations, individually or in the aggregate. These unaudited pro forma financial results are presented for informational purposes only and do not purport to be indicative of the operating results of the Company that would have been achieved had the acquisitions actually taken place on January 1, 2020. In addition, these results are not intended to be a projection of future results and do not reflect events that may occur, including but not limited to revenue enhancements, cost savings or operating synergies that the combined Company may achieve as a result of the acquisitions. Years Ended December 31, (in thousands, except per share data) 2021 2020 Revenue $ 2,221,870 $ 1,529,369 Net income (loss) $ 46,048 $ (129,374) The following unaudited pro forma consolidated financial information for the year ended December 31, 2020 combines the results of the Company for the year ended December 31, 2020 and the unaudited results of Bally’s Kansas City, Bally’s Vicksburg and Bally’s Shreveport for each period subsequent to their respective acquisition dates through December 31, 2020. The following unaudited pro forma consolidated financial information for the twelve months ended December 31, 2020 combines the Company’s historical results with pro forma amounts for Bally’s Kansas City, Bally’s Vicksburg and Bally’s Shreveport . The unaudited pro forma consolidated financial information assumes that the acquisitions of Bally’s Kansas City, Bally’s Vicksburg and Bally’s Shreveport had occurred as of January 1, 2019. (in thousands, except per share data) Year Ended December 31, 2020 Revenue $ 465,685 Net loss $ (7,450)

ASSETS AND LIABILITIES HELD F_2

ASSETS AND LIABILITIES HELD FOR SALE (Tables)	12 Months Ended
	Dec. 31, 2022
Discontinued Operations and Disposal Groups [Abstract]
Disposal Groups, Including Discontinued Operations	The major classes of assets and liabilities classified as held for sale as of December 31, 2022 are as follows: (in thousands) December 31, 2022 Assets: Restricted cash, prepaid expenses and other current assets $ 3,756 Goodwill 9,399 Intangible assets, net 4,022 Assets held for sale (1) $ 17,177 Liabilities related to assets held for sale (1)(2) $ 3,409 __________________________________ (1) All assets and liabilities held for sale were classified as current as it’s probable the sale will be completed within one year. (2) Liabilities related to assets held for sale were made up of accounts payable and accrued liabilities.

PREPAID EXPENSES AND OTHER AS_2

PREPAID EXPENSES AND OTHER ASSETS (Tables)	12 Months Ended
	Dec. 31, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of Prepaid Expenses and Other Assets	As of December 31, 2022 and 2021, prepaid expenses and other assets was comprised of the following: December 31, (in thousands) 2022 2021 Services and license agreements $ 31,396 $ 21,496 Due from payment service providers 30,621 15,984 Purse funds 8,093 8,286 Prepaid marketing 8,042 10,066 Prepaid insurance 6,374 9,637 Sales tax 5,900 18,308 Other 10,291 20,686 Total prepaid expenses and other current assets $ 100,717 $ 104,463

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Property and Equipment	Depreciation is recorded using the straight-line method over the estimated useful lives of the assets or the related lease term, if any, as follows: Years Land improvements 10-20 Building and improvements 2-50 Equipment 2-10 Furniture and fixtures 2-10 As of December 31, 2022 and 2021, property and equipment, net was comprised of the following: December 31, (in thousands) 2022 2021 Land $ 259,378 $ 75,328 Land improvements 31,197 34,704 Building and improvements 752,964 650,837 Equipment 246,340 182,006 Furniture and fixtures 63,753 47,258 Construction in process 116,181 53,715 Total property, plant and equipment 1,469,813 1,043,848 Less: Accumulated depreciation (1) (267,711) (205,197) Property and equipment, net $ 1,202,102 $ 838,651 __________________________________ (1) Depreciation expenses on property and equipment for the years ended December 31, 2022, 2021 and 2020 was $71.7 million, $53.7 million and $33.0 million, respectively.

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS (Tables)	12 Months Ended
	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	The change in carrying value of goodwill by reportable segment for the years ended December 31, 2022 and 2021 is as follows: (in thousands) Casinos & Resorts North America Interactive International Interactive Total Goodwill as of December 31, 2020 (1) $ 186,979 $ — $ — $ 186,979 Goodwill from current year business combinations 14,593 283,767 1,645,200 1,943,560 Effect of foreign exchange — (409) (7,857) (8,266) Purchase accounting adjustments on prior year business combinations 380 — — 380 Goodwill as of December 31, 2021 (1) $ 201,952 $ 283,358 $ 1,637,343 $ 2,122,653 Goodwill from current year business combinations 8,590 — — 8,590 Impairment charges — (231,569) — (231,569) Effect of foreign exchange — (2,889) (145,424) (148,313) Purchase accounting adjustments on prior year business combinations (1,285) 239 5,286 4,240 Transferred to assets held for sale (3) — (9,399) — (9,399) Goodwill as of December 31, 2022 (2) $ 209,257 $ 39,740 $ 1,497,205 $ 1,746,202 __________________________________ (1) Amounts are shown net of accumulated goodwill impairment charges of $5.4 million for Casinos and Resorts. (2) Amounts are shown net of accumulated goodwill impairment charges of $5.4 million and $140.4 million for Casinos and Resorts and North America Interactive, respectively. (3) Goodwill transferred to assets held for sale consists of $100.6 million of goodwill and $91.2 million of accumulated impairment.
Schedule of Identifiable Intangible Assets	The change in intangible assets, net for the years ended December 31, 2022 and 2021 is as follows (in thousands): Intangible assets, net as of December 31, 2020 $ 663,395 Intangible assets from current year business combinations 1,870,918 Change in TRA with Sinclair (1) (850) Effect of foreign exchange (12,538) Impairment charges (4,675) Internally developed software 20,952 Other intangibles acquired 31,551 Less: Accumulated amortization (90,801) Intangible assets, net as of December 31, 2021 $ 2,477,952 Intangible assets from current year business combinations 5,140 Change in TRA with Sinclair (1) (22,806) Effect of foreign exchange (125,911) Impairment charges (232,409) Internally developed software 37,121 Other intangibles acquired (2) 55,782 Transferred to assets held for sale (4,022) Less: Accumulated amortization (228,909) Intangible assets, net as of December 31, 2022 $ 1,961,938 __________________________________ (1) Refer to Note 13 “ Sinclair Agreement (2) Includes the gaming license related to Bally’s Chicago. The Company’s identifiable intangible assets consist of the following: Weighted December 31, 2022 (in thousands, except years) Gross Carrying Amount Accumulated Net Amortizable intangible assets: Naming rights - Sinclair (1) 8.1 $ 314,585 $ (58,982) $ 255,603 Trade names 2.7 17,750 (16,196) 1,554 Hard Rock license 24.5 8,000 (2,061) 5,939 Customer relationships 5.8 907,199 (166,155) 741,044 Developed technology 5.7 256,512 (45,769) 210,743 Internally developed software 4.0 26,520 (5,444) 21,076 Gaming licenses 7.8 34,016 (4,892) 29,124 Other 2.6 4,917 (2,110) 2,807 Total amortizable intangible assets 1,569,499 (301,609) 1,267,890 Intangible assets not subject to amortization: Gaming licenses Indefinite 529,171 — 529,171 Trade names Indefinite 164,391 — 164,391 Other Indefinite 486 — 486 Total unamortizable intangible assets 694,048 — 694,048 Total intangible assets, net $ 2,263,547 $ (301,609) $ 1,961,938 __________________________________ (1) Naming rights intangible asset in connection with Sinclair Agreement. Refer to Note 13 “ Sinclair Agreement Weighted December 31, 2021 (in thousands, except years) Gross Accumulated Net Amortizable intangible assets: Naming rights - Sinclair (2) 9.2 $ 337,391 $ (25,721) $ 311,670 Trade names 10.6 28,439 (17,481) 10,958 Hard Rock license 25.5 8,000 (1,818) 6,182 Customer relationships 6.7 1,026,797 (46,789) 980,008 Developed technology 7.2 392,481 (19,690) 372,791 Internally developed software 4.8 20,952 (727) 20,225 Gaming licenses 10.0 30,409 (591) 29,818 Other 4.4 2,413 (1,121) 1,292 Total amortizable intangible assets 1,846,882 (113,938) 1,732,944 Intangible assets not subject to amortization: Gaming licenses Indefinite 478,171 — 478,171 Trade Names Indefinite 265,099 — 265,099 Other Indefinite 1,738 — 1,738 Total unamortizable intangible assets 745,008 — 745,008 Total intangible assets, net $ 2,591,890 $ (113,938) $ 2,477,952 __________________________________
Schedule of Identifiable Intangible Assets	The change in intangible assets, net for the years ended December 31, 2022 and 2021 is as follows (in thousands): Intangible assets, net as of December 31, 2020 $ 663,395 Intangible assets from current year business combinations 1,870,918 Change in TRA with Sinclair (1) (850) Effect of foreign exchange (12,538) Impairment charges (4,675) Internally developed software 20,952 Other intangibles acquired 31,551 Less: Accumulated amortization (90,801) Intangible assets, net as of December 31, 2021 $ 2,477,952 Intangible assets from current year business combinations 5,140 Change in TRA with Sinclair (1) (22,806) Effect of foreign exchange (125,911) Impairment charges (232,409) Internally developed software 37,121 Other intangibles acquired (2) 55,782 Transferred to assets held for sale (4,022) Less: Accumulated amortization (228,909) Intangible assets, net as of December 31, 2022 $ 1,961,938 __________________________________ (1) Refer to Note 13 “ Sinclair Agreement (2) Includes the gaming license related to Bally’s Chicago. The Company’s identifiable intangible assets consist of the following: Weighted December 31, 2022 (in thousands, except years) Gross Carrying Amount Accumulated Net Amortizable intangible assets: Naming rights - Sinclair (1) 8.1 $ 314,585 $ (58,982) $ 255,603 Trade names 2.7 17,750 (16,196) 1,554 Hard Rock license 24.5 8,000 (2,061) 5,939 Customer relationships 5.8 907,199 (166,155) 741,044 Developed technology 5.7 256,512 (45,769) 210,743 Internally developed software 4.0 26,520 (5,444) 21,076 Gaming licenses 7.8 34,016 (4,892) 29,124 Other 2.6 4,917 (2,110) 2,807 Total amortizable intangible assets 1,569,499 (301,609) 1,267,890 Intangible assets not subject to amortization: Gaming licenses Indefinite 529,171 — 529,171 Trade names Indefinite 164,391 — 164,391 Other Indefinite 486 — 486 Total unamortizable intangible assets 694,048 — 694,048 Total intangible assets, net $ 2,263,547 $ (301,609) $ 1,961,938 __________________________________ (1) Naming rights intangible asset in connection with Sinclair Agreement. Refer to Note 13 “ Sinclair Agreement Weighted December 31, 2021 (in thousands, except years) Gross Accumulated Net Amortizable intangible assets: Naming rights - Sinclair (2) 9.2 $ 337,391 $ (25,721) $ 311,670 Trade names 10.6 28,439 (17,481) 10,958 Hard Rock license 25.5 8,000 (1,818) 6,182 Customer relationships 6.7 1,026,797 (46,789) 980,008 Developed technology 7.2 392,481 (19,690) 372,791 Internally developed software 4.8 20,952 (727) 20,225 Gaming licenses 10.0 30,409 (591) 29,818 Other 4.4 2,413 (1,121) 1,292 Total amortizable intangible assets 1,846,882 (113,938) 1,732,944 Intangible assets not subject to amortization: Gaming licenses Indefinite 478,171 — 478,171 Trade Names Indefinite 265,099 — 265,099 Other Indefinite 1,738 — 1,738 Total unamortizable intangible assets 745,008 — 745,008 Total intangible assets, net $ 2,591,890 $ (113,938) $ 2,477,952 __________________________________
Schedule of Remaining Amortization Expense	The following table shows the remaining amortization expense associated with finite lived intangible assets as of December 31, 2022: (in thousands) 2023 $ 208,640 2024 207,168 2025 205,934 2026 204,624 2027 198,627 Thereafter 242,897 $ 1,267,890

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	12 Months Ended
	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Fair Value, by Balance Sheet Grouping	The following tables summarize the Company’s assets and liabilities measured at fair value on a recurring basis. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement: December 31, 2022 (in thousands) Balance Sheet Location Level 1 Level 2 Level 3 Assets: Cash and cash equivalents Cash and cash equivalents $ 212,515 $ — $ — Restricted cash Cash and cash equivalents 52,669 — — Convertible loans Prepaid expenses and other current assets 657 — — Convertible loans Other assets — — 10,212 Investments in equity securities Other assets 2,395 — — Total $ 268,236 $ — $ 10,212 Liabilities: Sinclair Performance Warrants Naming rights liabilities $ — $ — $ 36,987 Contingent consideration Contingent consideration payable — — 8,220 Total $ — $ — $ 45,207 December 31, 2021 (in thousands) Balance Sheet Location Level 1 Level 2 Level 3 Assets: Cash and cash equivalents Cash and cash equivalents $ 206,193 $ — $ — Restricted cash Cash and cash equivalents 68,647 — — Other current assets Prepaid expenses and other current assets 176 — — Convertible loans Other assets 5,905 — 2,025 Total $ 280,921 $ — $ 2,025 Liabilities: Sinclair Performance Warrants Naming rights liabilities $ — $ — $ 69,564 Contingent consideration Contingent consideration payable — — 34,931 Total $ — $ — $ 104,495
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation	The following table summarizes the changes in fair value of the Company’s Level 3 assets and liabilities: ( in thousands) Performance Warrants Contingent Consideration Other Assets Total Balance as of December 31, 2020 $ 88,119 $ — $ — $ 88,119 Additions in the period (acquisition fair value) — 58,623 2,025 60,648 Change in fair value (18,555) (23,692) — (42,247) Balance as of December 31, 2021 69,564 34,931 2,025 106,520 Additions in the period (acquisition fair value) — — 3,777 3,777 Reductions in the period — (15,862) — (15,862) Change in fair value (32,577) (10,849) 4,410 (39,016) Balance as of December 31, 2022 $ 36,987 $ 8,220 $ 10,212 $ 55,419
Derivative Instruments, Gain (Loss)	The gains (losses) recognized in the consolidated statements of operations for derivatives not designated as hedging instruments during the years ended December 31, 2022 and 2021 are as follows: Consolidated Statements of Operations Location Year Ended December 31, (in thousands) 2022 2021 2020 Foreign exchange forward contracts Other non-operating expenses, net $ — $ (20,882) $ — Sinclair Performance Warrants Other non-operating expenses, net 32,577 18,555 (32,878) Sinclair Options Other non-operating expenses, net — (1,526) (24,782)
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments	In the table below, the carrying amounts of the Company’s long-term debt is net of debt issuance costs and debt discounts. Refer to Note 14 “ Long-Term Debt December 31, 2022 December 31, 2021 (in thousands) Carrying Amount Fair Value Carrying Amount Fair Value Term Loan Facility $ 1,884,082 $ 1,872,238 $ 1,897,030 $ 1,945,000 5.625% Senior Notes due 2029 734,497 555,000 732,660 746,250 5.875% Senior Notes due 2031 732,976 529,905 731,537 754,223

ACCRUED LIABILITIES (Tables)

ACCRUED LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2022
Payables and Accruals [Abstract]
Schedule of Accrued Liabilities	As of December 31, 2022 and 2021, accrued liabilities consisted of the following: December 31, (in thousands) 2022 2021 GLPI advance deposit (1) $ 200,000 $ — Gaming liabilities 168,386 170,508 Compensation 60,463 49,764 Interest payable 36,173 46,292 Other 108,909 134,864 Total accrued liabilities $ 573,931 $ 401,428 __________________________________ (1) Refer to Note 15 “ Leases

LONG-TERM DEBT (Tables)

LONG-TERM DEBT (Tables)	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
Schedule of Long-term Debt	As of December 31, 2022 and 2021, long-term debt consisted of the following: December 31, (in thousands) 2022 2021 Term Loan Facility $ 1,925,550 $ 1,945,000 Revolving Credit Facility 137,000 85,000 5.625% Senior Notes due 2029 750,000 750,000 5.875% Senior Notes due 2031 750,000 750,000 Less: Unamortized original issue discount (27,729) (31,425) Less: Unamortized deferred financing fees (46,266) (52,348) Long-term debt, including current portion 3,488,555 3,446,227 Less: Current portion of Term Loan and Revolving Credit Facility (19,450) (19,450) Long-term debt, net of discount and deferred financing fees; excluding current portion $ 3,469,105 $ 3,426,777
Schedule of Maturities of Long-term Debt	As of December 31, 2022, the contractual annual principal maturities of long-term debt, including the Revolving Credit Facility, are as follows: (in thousands) 2023 $ 19,450 2024 19,450 2025 19,450 2026 156,450 2027 19,450 Thereafter 3,328,300 $ 3,562,550

LEASES (Tables)

LEASES (Tables)	12 Months Ended
	Dec. 31, 2022
Leases [Abstract]
Schedule of Quantitative Information of Operating Leases	Components of lease expense included within “General and administrative” for operating leases during the years ended December 31, 2022, 2021 and 2020 are as follows: Year Ended December 31, (in thousands) 2022 2021 2020 Operating lease cost $ 75,675 $ 36,354 $ 3,256 Variable lease cost 8,386 4,191 56 Operating lease expense 84,061 40,545 3,312 Short-term lease expense 17,536 11,746 2,158 Total operating lease expense $ 101,597 $ 52,291 $ 5,470 Supplemental cash flow and other information related to operating leases for the year ended December 31, 2022 and 2021, are as follows: Year Ended December 31, ($ in thousands) 2022 2021 Cash paid for amounts included in the lease liability - operating cash flows from operating leases $ 68,689 $ 37,032 Right of use assets obtained in exchange for operating lease liabilities $ 341,747 $ 818,405 Weighted average remaining lease term 20.7 years 15.3 years Weighted average discount rate 6.7 % 6.1 %
Schedule of Future Minimum Rental Commitments	As of December 31, 2022, future minimum lease payments under noncancelable operating leases are as follows: (in thousands) 2023 $ 82,680 2024 87,308 2025 91,310 2026 90,565 2027 84,912 Thereafter 1,270,751 Total lease payments 1,707,526 Less: present value discount (871,385) Lease obligations $ 836,141

EQUITY PLANS (Tables)

EQUITY PLANS (Tables)	12 Months Ended
	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
Summary of Stock Option Plan Activity	Stock option activity under the 2010 Option Plan for the year ended December 31, 2022 is as follows: Shares Weighted Weighted Average Remaining Contractual Term Aggregate Intrinsic Value Outstanding at December 31, 2021 20,000 $ 4.31 1.9 years $ 0.7 million Exercised (20,000) $ 4.31 Outstanding at December 31, 2022 — Exercisable at December 31, 2022 — $ — $ — $ —
Summary of RSU and PSU Activity	The following summary presents information of equity-classified RSU and PSU activity for the year ended December 31, 2022: Restricted Stock Performance Weighted Outstanding at December 31, 2021 960,493 29,995 $ 48.28 Granted 359,051 115,174 30.13 Vested (627,765) (29,995) 44.27 Forfeited (37,452) (53,041) 38.59 Outstanding at December 31, 2022 654,327 62,133 $ 38.35

SHAREHOLDERS_ EQUITY (Tables)

SHAREHOLDERS’ EQUITY (Tables)	12 Months Ended
	Dec. 31, 2022
Equity [Abstract]
Schedule of Share Repurchase Activity	Total share repurchase activity during the years ended December 31, 2022, 2021 and 2020 is as follows: Year Ended December 31, (in thousands, except share and per share data) 2022 (1) 2021 2020 Number of common shares repurchased 6,621,841 2,188,532 1,812,393 Total cost $ 153,366 $ 87,024 $ 33,292 Average cost per share, including commissions $ 23.16 $ 39.76 $ 18.37 __________________________________ (1) Includes 4.7 million shares repurchased from the Company’s modified Dutch auction tender offer completed July 27, 2022 at a price of $22.00 per share for an aggregate purchase price of $103.3 million.
Schedule of Outstanding Warrants, Options, and Contingent Shares	The Company issued warrants, options and other contingent consideration in acquisitions and strategic partnerships that are expected to result in the issuance of common shares in future periods resulting from the exercise of warrants and options or the achievement of certain performance targets. These incremental shares are summarized below: Sinclair Penny Warrants (Note 13) 7,911,724 Sinclair Performance Warrants (Note 13) 3,279,337 Sinclair Options (1) (Note 13) 1,639,669 MKF Penny warrants (Note 11) 34,455 MKF Contingent shares (Note 11) 344,625 Telescope Contingent shares (Note 11) 8,626 SportCaller contingent shares (4) (Note 11) 357,735 Outstanding awards under Equity Incentive Plans (Note 16) 716,460 14,292,631 __________________________________ (1) Consists of four equal tranches to purchase shares with exercise prices ranging from $30.00 to $45.00 per share, exercisable over a seven-year period beginning on the fourth anniversary of the November 18, 2020 closing of the Sinclair Agreement. (2) The contingent consideration related to the SportCaller acquisition is 6.5M EUR as of December 31, 2022, payable in shares subject to certain post-acquisition earnout targets and based on share price at time of payment. For purposes of this estimate, the Company used the EUR>US Dollar conversion rate of 1.0666 as of December 31, 2022 and the closing share price of Company common shares of $19.38 per share to calculate the shares expected to be issued if all earn-out targets are met.
Schedule of Accumulated Other Comprehensive Income (Loss)	The following table reflects the change in accumulated other comprehensive loss by component, net of tax, for the years ended December 31, 2022, 2021 and 2020: (in thousands) Foreign Currency Translation Adjustments Defined Benefit Pension Plan Total Accumulated other comprehensive loss at December 31, 2019 $ — $ (1,888) $ (1,888) Current period other comprehensive loss — (1,256) (1,256) Accumulated other comprehensive loss at December 31, 2020 — (3,144) (3,144) Current period other comprehensive income (loss) (25,833) 2,064 (23,769) Reclassification adjustments to net earnings — 104 104 Accumulated other comprehensive loss at December 31, 2021 (25,833) (976) (26,809) Current period other comprehensive income (loss) (270,151) 1,320 (268,831) Accumulated other comprehensive income (loss) at December 31, 2022 $ (295,984) $ 344 $ (295,640)

EMPLOYEE BENEFIT PLANS (Tables)

EMPLOYEE BENEFIT PLANS (Tables)	12 Months Ended
	Dec. 31, 2022
Retirement Benefits [Abstract]
Schedule of Multiemployer Plans	The following table outlines the Company’s participation in multi-employer pension plans for the years ended December 31, 2022, 2021 and 2020 and sets forth the calendar year contributions and accruals for each plan. The “EIN/Pension Plan Number” column provides the Employer Identification Number (“EIN”) and the three-digit plan number. The most recent Pension Protection Act zone status available in 2022 and 2021 relates to the plans’ two most recent fiscal year-ends. The zone status is based on information that the Company received from the plans’ administrators and is certified by each plan’s actuary. Plans certified in the red zone are generally less than 65% funded, plans certified in the orange zone are both less than 80% funded and have an accumulated funding deficiency or are expected to have a deficiency in any of the next six plan years, plans certified in the yellow zone are less than 80% funded and plans certified in the green zone are at least 80% funded. The “FIP/RP Status Pending/Implemented” column indicates whether a financial improvement plan (“FIP”) for yellow/orange zone plans, or a rehabilitation plan (“RP”) for red zone plans, is either pending or has been implemented. As of December 31, 2022 and 2021, all plans that have either a FIP or RP requirement have had the respective plan implemented. EIN/ Pension Pension Protection Act FIP/RP Status Contributions and Accruals (in $000’s) Company Union Pension Fund 2022 2021 2022 2021 2020 SEIU National Industry Pension Fund 52-6148540 Red Red Yes/Implemented $ 495 $ 460 $ 366 No 4/30/2025 New England Carpenters Pension Fund (1) 51-6040899 Green Green No 95 75 91 No 5/31/2024 Plumbers and Pipefitters Pension Fund (4) 52-6152779 Yellow Yellow Yes/Implemented 267 175 171 No 8/31/2022 Rhode Island Laborers Pension Fund (4) 51-6095806 Green Green No 656 671 483 No 10/31/2022 New England Teamsters Pension Fund 04-6372430 Red Red Yes/Implemented 278 254 230 No 6/30/2023 The Legacy Plan of the UNITE HERE Retirement Fund (3) 82-0994119/001 Red Red Yes/Implemented 963 1,319 578 No 6/30/2023 The Adjustable Plan of the UNITE HERE Retirement Fund (3) 82-0994119/002 N/A (2) N/A (2) No 5/31/2026 Local 68 Engineers Union Pension Fund 51-0176618 Yellow Yellow Yes/Implemented 286 269 22 No 4/30/2027 Northeast Carpenters Pension Fund 11-1991772 Green Green No 127 122 10 No 4/30/2027 International Painters and Allied Trades Industry Pension Fund 52-6073909 Yellow Yellow Yes/Implemented 82 80 5 No 4/30/2027 Total Contributions $ 3,249 $ 3,425 $ 1,956 __________________________________ (1) Effective January 1, 2018, the Rhode Island Carpenters Pension Fund (05-6016572) merged into the New England Carpenters Pension Fund. (2) The Plan is not subject to the Pension Protection Act of 2016 zone status certification rule. (3) Formerly listed as Hotel & Restaurant Employees International Pension Fund - Allocations of contributions between the two plans are determined by the plan administrator. Unions at Bally’s Twin River and Bally’s Atlantic City participate in the UNITE HERE Retirement funds. (4) Union contract under negotiation as of 12/31/2022.

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Schedule of Income before Income Tax, Domestic and Foreign	The components of income (loss) before taxes are as follows: Years Ended December 31, (in thousands) 2022 2021 2020 Domestic $ (444,549) $ (126,347) $ (74,811) Foreign (9,920) 7,273 — Total $ (454,469) $ (119,074) $ (74,811)
Schedule of Components of Provision for Income Taxes	The components of the provision for income taxes are as follows: Years Ended December 31, (in thousands) 2022 2021 2020 Current taxes Federal $ 9,318 $ (10,284) $ (72,517) State 8,289 4,676 2,002 Foreign 41,599 6,448 — 59,206 840 (70,515) Deferred taxes Federal (32,304) 294 9,871 State (9,429) 4,770 (8,680) Foreign (46,396) (10,281) — (88,129) (5,217) 1,191 (Benefit) Provision for income taxes $ (28,923) $ (4,377) $ (69,324)
Schedule of Effective Income Tax Rate Reconciliation	The effective rate varies from the statutory US federal tax rate as follows: Years Ended December 31, (in thousands) 2022 2021 2020 Income tax (benefit) expense at statutory federal rate $ (95,439) $ (15,997) $ (15,710) State income taxes, net of federal effect (10,096) 7,462 (5,276) Foreign tax rate adjustment (17,455) (7,165) — Nondeductible professional fees 1,370 10,421 (665) Other permanent differences including lobbying expense 2,414 4,696 279 Share-based compensation 3,348 2,227 (922) Gain on bargain purchases 22 (4,796) (13,413) CARES Act — (5,320) (33,347) Return to provision adjustments (2,275) (595) (270) Global intangible low-tax income (“GILTI”) 2,404 327 — Loss on derivative instruments — 4,363 — Goodwill 28,935 — — Change in uncertain tax positions (2,224) — — Change in valuation allowance 60,073 — Total (benefit) provision for income taxes $ (28,923) $ (4,377) $ (69,324) Effective income tax rate on continuing operations 6.4 % 3.7 % 92.7 %
Schedule of Deferred Tax Assets and Liabilities	Significant components of the Company’s deferred income taxes at December 31, 2022 and 2021 are as follows: Years Ended December 31, (in thousands) 2022 2021 Deferred tax assets: Accrued liabilities and other $ 5,585 $ 1,162 Share-based compensation 1,699 2,792 Naming rights liabilities 29,248 43,298 Self constructed assets 5,690 5,730 Interest 79,757 21,208 Goodwill 3,140 — Net operating loss carryforwards 19,043 20,569 Valuation allowance (60,073) — Total deferred tax assets, net $ 84,089 $ 94,759 Deferred tax liabilities: Land $ (4,058) $ (4,071) Property and equipment (52,202) (35,807) Change in accounting method (73) (8,494) Goodwill — (12,544) Amortizable assets (140,229) (236,388) Total deferred tax liabilities $ (196,562) $ (297,304) Net deferred tax liabilities $ (112,473) $ (202,545)
Schedule of Unrecognized Tax Benefits	A reconciliation of the beginning and ending balances of the gross liability for uncertain tax positions is as follows: (in thousands) 2022 2021 2020 Uncertain tax position liability at the beginning of the year $ 5,131 $ — $ — Increases related to tax positions taken during prior period 11,277 5,131 — Decreases related to tax positions taken during prior periods (5,131) — — Uncertain tax position liability at the end of the year $ 11,277 $ 5,131 $ —

SEGMENT REPORTING (Tables)

SEGMENT REPORTING (Tables)	12 Months Ended
	Dec. 31, 2022
Segment Reporting [Abstract]
Schedule of Reportable Segment Information	Years Ended December 31, (in thousands) 2022 2021 2020 Revenue Casinos & Resorts $ 1,227,563 $ 1,032,828 $ 372,792 North America Interactive 81,700 38,352 — International Interactive 946,442 251,263 — Total $ 2,255,705 $ 1,322,443 $ 372,792 Adjusted EBITDA (1) Casinos & Resorts $ 345,617 $ 317,705 $ 89,913 North America Interactive (65,729) (12,413) — International Interactive 321,651 69,944 — Other (53,024) (45,334) (20,658) Total 548,515 329,902 69,255 Operating income (expense) Depreciation and amortization (300,559) (144,786) (37,842) Transaction costs (85,604) (84,543) (14,050) Share-based compensation (27,912) (20,143) (17,706) Gain on sale-leaseback 50,766 53,425 — Impairment charges (463,978) (4,675) (8,659) Other (14,236) (35,798) (9,384) (Loss) income from operations (293,008) 93,382 (18,386) Other income (expense) Interest expense, net of interest income (208,153) (117,924) (62,636) Other 46,692 (94,532) 6,211 Total other expense, net (161,461) (212,456) (56,425) Loss before provision for income taxes (454,469) (119,074) (74,811) Benefit for income taxes 28,923 4,377 69,324 Net loss $ (425,546) $ (114,697) $ (5,487) __________________________________ (1) Adjusted EBITDA is defined as earnings, or loss, for the Company before interest expense, net of interest income, provision (benefit) for income taxes, depreciation and amortization, non-operating (income) expense, acquisition and other transaction related costs, share-based compensation, and certain other gains or losses as well as, when presented for our reporting segments, an adjustment related to the allocation of corporate cost among segments. Years Ended December 31, (in thousands) 2022 2021 2021 Capital Expenditures Casinos & Resorts $ 183,693 $ 92,479 $ 14,480 North America Interactive 6,635 172 — International Interactive 12,392 4,166 — Other 9,536 708 803 Total $ 212,256 $ 97,525 $ 15,283

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	12 Months Ended
	Dec. 31, 2022
Earnings Per Share [Abstract]
Schedule of Basic and Diluted EPS	Diluted earnings per share includes the determinants of basic earnings per share and, in addition, reflects the dilutive effect of the common stock deliverable for stock options, using the treasury stock method, and for RSUs, RSAs and PSUs for which future service is required as a condition to the delivery of the underlying common stock. Years Ended December 31, 2022 2021 2020 Net loss applicable to common stockholders $ (425,546) $ (114,697) $ (5,487) Weighted average common shares outstanding, basic 58,111,699 49,643,991 31,315,151 Weighted average effect of dilutive securities — — — Weighted average common shares outstanding, diluted 58,111,699 49,643,991 31,315,151 Per share data Basic $ (7.32) $ (2.31) $ (0.18) Diluted $ (7.32) $ (2.31) $ (0.18) Anti-dilutive shares excluded from the calculation of diluted earnings per share 5,188,388 5,015,803 4,919,326

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Product Information [Line Items]
Amortization of debt discount and debt issuance costs	$ 10,896	$ 7,557	$ 4,636
Self-insurance liabilities	16,200	10,800
Advertising Expense	26,800	7,500	4,500
Pre-Opening Costs	700	1,800	900
Variable Interest Entity [Line Items]
Assets	6,300,113	6,553,217
Liabilities	5,493,866	4,937,415
Total revenue	2,255,705	1,322,443	372,792
Interactive Segments
Product Information [Line Items]
Advertising Expense	174,700	60,800	$ 0
Variable Interest Entity, Primary Beneficiary | Breckenridge Curacao B.V
Variable Interest Entity [Line Items]
Assets	93,400	85,400
Liabilities	77,100	75,200
Total revenue	$ 298,100	$ 79,600

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Schedule of Accounts Receivable (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable	$ 77,462	$ 52,632
Less: Allowance for doubtful accounts	(5,789)	(4,454)
Accounts receivable, net	71,673	48,178
Rhode Island and Delaware
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable	15,865	10,575
Gaming receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable	19,065	10,576
Non-gaming receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable	$ 42,532	$ 31,481

SUMMARY OF SIGNIFICANT ACCOUN_6

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Schedule of Allowance for Doubtful Accounts (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of year	$ 4,454	$ 3,067	$ 1,296
Charges to expense	1,649	1,717	353
Deductions	(602)	(701)	(653)
Other adjustments	288	371	2,071
Balance at end of year	$ 5,789	$ 4,454	$ 3,067

SUMMARY OF SIGNIFICANT ACCOUN_7

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Property and Equipment (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Capitalized interest	$ 1,900,000	$ 200,000	$ 0
Depreciation expense	$ 71,700,000	$ 53,700,000	$ 33,000,000
Land improvements | Minimum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	10 years
Land improvements | Maximum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	20 years
Building and improvements | Minimum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	2 years
Building and improvements | Maximum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	50 years
Equipment | Minimum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	2 years
Equipment | Maximum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	10 years
Furniture and fixtures | Minimum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	2 years
Furniture and fixtures | Maximum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	10 years

CONSOLIDATED FINANCIAL INFORM_3

CONSOLIDATED FINANCIAL INFORMATION - Schedule of General and Administrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Advertising, general and administrative	$ 776,226	$ 496,658	$ 192,751
Acquisition costs	49,480	71,288	13,257
Gain on sale-leaseback, net	(50,766)	(53,425)	0
Contract termination	0	30,000	0
Total general and administrative	$ 774,940	$ 544,521	$ 206,008

CONSOLIDATED FINANCIAL INFORM_4

CONSOLIDATED FINANCIAL INFORMATION - Other Non-Operating Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Change in value of naming rights liabilities	$ 32,577	$ 17,029	$ (57,660)
Adjustment (gain) on bargain purchase	(107)	22,841	63,871
Loss on extinguishment of debt	0	(103,007)	0
Foreign exchange gain (loss)	516	(33,461)	0
Other, net	13,706	2,066	0
Other non-operating expenses, net	$ 46,692	$ (94,532)	$ 6,211

REVENUE RECOGNITION - Additiona

REVENUE RECOGNITION - Additional Information (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) terminal	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Disaggregation of Revenue [Line Items]
Contracts with customers receivables	$ 44,000	$ 35,500
Total revenue	2,255,705	1,322,443	$ 372,792
Tropicana Las Vegas Hotel and Casino
Disaggregation of Revenue [Line Items]
Net revenue from date of acquisition	$ 24,100
VLT revenue | Delaware
Disaggregation of Revenue [Line Items]
Percentage of share of revenues	42%
Table games revenue | Delaware
Disaggregation of Revenue [Line Items]
Percentage of share of revenues	80%
Loyalty programs
Disaggregation of Revenue [Line Items]
Total revenue	$ 31,000	20,100	$ 5,500
Online sports betting and iGaming market access
Disaggregation of Revenue [Line Items]
Deferred revenue	$ 4,100	$ 6,800
Threshold Three | VLT revenue | Rhode Island
Disaggregation of Revenue [Line Items]
Percentage of share of revenues	7%
Rhode Island [Member] | VLT revenue
Disaggregation of Revenue [Line Items]
Number of video lottery terminals (VLTs) | terminal	3,002
Rhode Island [Member] | Table games revenue
Disaggregation of Revenue [Line Items]
Percentage of share of revenues	83.50%
Rhode Island [Member] | Threshold one | VLT revenue
Disaggregation of Revenue [Line Items]
Percentage of share of revenues	28.85%
Rhode Island [Member] | Threshold two | VLT revenue
Disaggregation of Revenue [Line Items]
Percentage of share of revenues	26%

REVENUE RECOGNITION - Loyalty P

REVENUE RECOGNITION - Loyalty Programs (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Hotel
Disaggregation of Revenue [Line Items]
Goods and services provided without charge	$ 87,540	$ 55,782	$ 15,099
Food and beverage
Disaggregation of Revenue [Line Items]
Goods and services provided without charge	70,476	61,038	18,548
Retail, entertainment and other
Disaggregation of Revenue [Line Items]
Goods and services provided without charge	10,195	7,556	3,031
Loyalty programs
Disaggregation of Revenue [Line Items]
Goods and services provided without charge	$ 168,211	$ 124,376	$ 36,678

REVENUE RECOGNITION - Disaggreg

REVENUE RECOGNITION - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disaggregation of Revenue [Line Items]
Total revenue	$ 2,255,705	$ 1,322,443	$ 372,792
Gaming
Disaggregation of Revenue [Line Items]
Total revenue	1,846,124	1,053,492	298,070
Non-gaming
Disaggregation of Revenue [Line Items]
Total revenue	409,581	268,951	74,722
Hotel
Disaggregation of Revenue [Line Items]
Total revenue	153,750	95,356	24,742
Food and beverage
Disaggregation of Revenue [Line Items]
Total revenue	115,322	92,906	32,132
Retail, entertainment and other
Disaggregation of Revenue [Line Items]
Total revenue	140,509	80,689	17,848
Casinos & Resorts
Disaggregation of Revenue [Line Items]
Total revenue	1,227,563	1,032,828	372,792
Casinos & Resorts | Gaming
Disaggregation of Revenue [Line Items]
Total revenue	907,431	803,940	298,070
Casinos & Resorts | Non-gaming
Disaggregation of Revenue [Line Items]
Total revenue	320,132	228,888	74,722
Casinos & Resorts | Hotel
Disaggregation of Revenue [Line Items]
Total revenue	153,750	95,356	24,742
Casinos & Resorts | Food and beverage
Disaggregation of Revenue [Line Items]
Total revenue	115,322	92,906	32,132
Casinos & Resorts | Retail, entertainment and other
Disaggregation of Revenue [Line Items]
Total revenue	51,060	40,626	17,848
North America Interactive
Disaggregation of Revenue [Line Items]
Total revenue	81,700	38,352	0
North America Interactive | Gaming
Disaggregation of Revenue [Line Items]
Total revenue	38,759	10,442	0
North America Interactive | Non-gaming
Disaggregation of Revenue [Line Items]
Total revenue	42,941	27,910	0
North America Interactive | Hotel
Disaggregation of Revenue [Line Items]
Total revenue	0	0	0
North America Interactive | Food and beverage
Disaggregation of Revenue [Line Items]
Total revenue	0	0	0
North America Interactive | Retail, entertainment and other
Disaggregation of Revenue [Line Items]
Total revenue	42,941	27,910	0
International Interactive
Disaggregation of Revenue [Line Items]
Total revenue	946,442	251,263	0
International Interactive | Gaming
Disaggregation of Revenue [Line Items]
Total revenue	899,934	239,110	0
International Interactive | Non-gaming
Disaggregation of Revenue [Line Items]
Total revenue	46,508	12,153	0
International Interactive | Hotel
Disaggregation of Revenue [Line Items]
Total revenue	0	0	0
International Interactive | Food and beverage
Disaggregation of Revenue [Line Items]
Total revenue	0	0	0
International Interactive | Retail, entertainment and other
Disaggregation of Revenue [Line Items]
Total revenue	$ 46,508	$ 12,153	$ 0

REVENUE RECOGNITION - Contract

REVENUE RECOGNITION - Contract Liability (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Disaggregation of Revenue [Line Items]
Contract liabilities related to loyalty programs	$ 62,258	$ 63,873
Loyalty programs
Disaggregation of Revenue [Line Items]
Contract liabilities related to loyalty programs	20,264	19,371
Customer deposits
Disaggregation of Revenue [Line Items]
Contract liabilities related to loyalty programs	27,956	33,062
Unpaid tickets
Disaggregation of Revenue [Line Items]
Contract liabilities related to loyalty programs	$ 14,038	$ 11,440

BUSINESS COMBINATIONS - Narrati

BUSINESS COMBINATIONS - Narrative (Details) - USD ($) $ in Thousands											3 Months Ended	7 Months Ended	12 Months Ended
	Sep. 26, 2022	Oct. 01, 2021	Jun. 03, 2021	Apr. 13, 2021	Dec. 23, 2020	Nov. 18, 2020	Sep. 30, 2020	Jul. 01, 2020	Apr. 24, 2020	Jan. 23, 2020	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Aug. 12, 2021	Jun. 14, 2021	Mar. 23, 2021
Preliminary
Total consideration paid, net of cash acquired													$ 146,317	$ 2,274,221	$ 425,063
Acquisition costs													49,480	71,288	13,257
Goodwill, net											$ 1,746,202	$ 2,122,653	$ 1,746,202	2,122,653	186,979
Business Combination, Bargain Purchase Gain Recognized, Statement Of Income Or Comprehensive Income, Extensible Enumeration Not Disclosed Flag													bargain purchase gains
International Interactive
Preliminary
Goodwill, net											1,497,205	1,637,343	$ 1,497,205	1,637,343	0
North America Interactive
Preliminary
Goodwill, net											39,740	283,358	39,740	283,358	0
Casinos & Resorts
Preliminary
Acquisition costs													4,000	10,400
Goodwill, net											209,257	201,952	209,257	201,952	186,979
Telescope [Member]
Preliminary
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners																15.84%
Tropicana Las Vegas Hotel and Casino
Preliminary
Business Combination, Consideration Transferred	$ 148,100
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents	1,800
Total consideration paid, net of cash acquired	$ 146,300
Term of contract			50 years
Annual rent				$ 10,500
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net											148,090		148,090
Gain on bargain purchases												0
Goodwill, net											8,590		8,590
Net revenue from date of acquisition													24,100
Quad Cities
Preliminary
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents											2,900		2,900
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net											118,928		118,928
Deposit for acquisition of Bally’s Quad Cities Casino & Hotel							$ 4,000
Liability																	$ 112,000
Gain on bargain purchases													0
Goodwill, net											13,308		13,308
Bally's Evansville
Preliminary
Business Combination, Consideration Transferred			$ 139,700
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents			9,400
Total consideration paid, net of cash acquired			$ 130,400
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net											139,708		139,708
Gain on bargain purchases												(20,856)		(20,900)
Goodwill, net											0		0
Bally's Lake Tahoe
Preliminary
Business Combination, Consideration Transferred									$ 14,200
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net											14,172		14,172
Gain on bargain purchases													(1,942)	(2,000)
Business Combination, Bargain Purchase, Gain Recognized, Increase (Decrease) Amount													100
Goodwill, net											0		0
North America Interactive
Preliminary
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents											8,689		8,689
Total consideration paid, net of cash acquired														128,800
Acquisition costs													3,900	5,300
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Less Noncontrolling Interest											400,334	400,300	400,334	400,300
Business Combination, Non-cash Consideration Transferred														255,700
Contingent consideration payable												$ 58,700		58,700
Goodwill, net											250,730		250,730					$ 250,700
Goodwill, tax deductible																		$ 102,900
Gamesys
Preliminary
Business Combination, Consideration Transferred		$ 2,599,117
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents		183,306
Total consideration paid, net of cash acquired		1,900,000
Acquisition costs													6,300	43,500
Goodwill, net		1,683,762
Cash paid to acquire business		$ 2,080,000
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares		9,773,537
Post combination expense											10,300
Pre-combination service included in consideration transferred		$ 36,400
Net revenue from date of acquisition														257,100
Net income from date of acquisition														$ 18,200
Gamesys | International Interactive
Preliminary
Goodwill, net		1,650,000
Gamesys | North America Interactive
Preliminary
Goodwill, net		$ 33,300
Bally's Shreveport
Preliminary
Business Combination, Consideration Transferred					$ 137,200
Total consideration paid, net of cash acquired					133,100
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net											137,190		137,190
Gain on bargain purchases					$ (31,300)								(31,315)
Goodwill, net											0		0
Bally’s Atlantic City
Preliminary
Business Combination, Consideration Transferred						$ 24,700
Total consideration paid, net of cash acquired						$ 16,100
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net											(927)		(927)
Gain on bargain purchases											(32,600)		(32,595)
Goodwill, net											0		0
Bally's Black Hawk
Preliminary
Business Combination, Consideration Transferred										$ 53,800
Total consideration paid, net of cash acquired										$ 50,500
Bally's KC & Vicksburg
Preliminary
Business Combination, Consideration Transferred								$ 229,900
Total consideration paid, net of cash acquired								$ 225,500
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net											229,863		229,863
Gain on bargain purchases													0
Goodwill, net											$ 54,276		$ 54,276
Casino KC, Casino Vicksburg, and Shreveport
Preliminary
Business Acquisition, Pro Forma Revenue															465,685
Business Acquisition, Pro Forma Net Income (Loss)															$ (7,450)

BUSINESS COMBINATIONS - Schedul

BUSINESS COMBINATIONS - Schedule of Total Purchase Price (Details) - USD ($) $ in Thousands										3 Months Ended	7 Months Ended	12 Months Ended
	Sep. 26, 2022	Oct. 01, 2021	Jun. 14, 2021	Jun. 03, 2021	Apr. 06, 2021	Dec. 23, 2020	Nov. 18, 2020	Jul. 01, 2020	Apr. 24, 2020	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Mar. 23, 2021	Dec. 31, 2020
Preliminary
Goodwill, net										$ 1,746,202	$ 2,122,653	$ 1,746,202	$ 2,122,653		$ 186,979
Year to date adjustments, goodwill		$ 5,300										4,240	380
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Prepaid Expenses And Other Current Assets		500
Year to date adjustments, intangibles assets		(2,700)
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Accrued Liabilities		(3,100)
Noncontrolling Interest, Increase from Business Combination													(3,760)
Tropicana Las Vegas Hotel and Casino
Preliminary
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets										8,141		8,141
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment										136,116		136,116
Business Combination, Recognized Identifiable Assets Acquired And Liabilities Assumed, Right Of Use Asset										164,884		164,884
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill										5,140		5,140
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets										766		766
Goodwill, net										8,590		8,590
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities										(10,268)		(10,268)
Business Combination, Recognized Identifiable Asset Acquired and Liability Assumed, Lease Obligation										(164,884)		(164,884)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other										(395)		(395)
Business Combination, Recognized Identifiable Assets Acquired, Goodwill And Liabilities Assumed, Before Bargain Purchase Gain, Net										148,090		148,090
Gain on bargain purchases											0
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net										148,090		148,090
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents	$ 1,800
Business Combination, Consideration Transferred	$ 148,100
Decrease in other current assets												(2,500)
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Current Liabilities												(1,500)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Lease Liabilities												(700)
Business Combination, Provisional Information, Initial Accounting Incomplete, Recognized Identifiable Assets Acquired And Liabilities Assumed, Right Of Use Asset												500
Year to date adjustments, goodwill												4,200
Tropicana Las Vegas Hotel and Casino | Customer relationships
Preliminary
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill										2,600		2,600
Acquired intangible assets, useful life			9 years
Tropicana Las Vegas Hotel and Casino | Tradename
Preliminary
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill										1,700		1,700
Acquired intangible assets, useful life			3 years
Tropicana Las Vegas Hotel and Casino | Pre-Bookings
Preliminary
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill										800		800
Acquired intangible assets, useful life			2 years
Quad Cities
Preliminary
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets										6,717		6,717
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment										73,135		73,135
Business Combination, Recognized Identifiable Assets Acquired And Liabilities Assumed, Right Of Use Asset										0		0
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill										31,180		31,180
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets										0		0
Goodwill, net										13,308		13,308
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities										(5,412)		(5,412)
Business Combination, Recognized Identifiable Asset Acquired and Liability Assumed, Lease Obligation										0		0
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other										0		0
Business Combination, Recognized Identifiable Assets Acquired, Goodwill And Liabilities Assumed, Before Bargain Purchase Gain, Net										118,928		118,928
Gain on bargain purchases												0
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net										118,928		118,928
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents										2,900		2,900
Quad Cities | Customer relationships
Preliminary
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill			$ 700
Acquired intangible assets, useful life			9 years
Quad Cities | Tradename
Preliminary
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill			$ 200
Acquired intangible assets, useful life			4 months
Quad Cities | Hard Rock license
Preliminary
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill			$ 30,300
Bally's Evansville
Preliminary
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets										12,031		12,031
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment										12,325		12,325
Business Combination, Recognized Identifiable Assets Acquired And Liabilities Assumed, Right Of Use Asset										285,772		285,772
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill										154,210		154,210
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets										468		468
Goodwill, net										0		0
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities										(10,927)		(10,927)
Business Combination, Recognized Identifiable Asset Acquired and Liability Assumed, Lease Obligation										(285,772)		(285,772)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other										(7,543)		(7,543)
Business Combination, Recognized Identifiable Assets Acquired, Goodwill And Liabilities Assumed, Before Bargain Purchase Gain, Net										160,564		160,564
Gain on bargain purchases											(20,856)		(20,900)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net										139,708		139,708
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents				$ 9,400
Business Combination, Consideration Transferred				139,700
Bally's Evansville | Customer relationships
Preliminary
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill				$ 600
Acquired intangible assets, useful life				8 years
Bally's Evansville | Hard Rock license
Preliminary
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill				$ 153,600
Bally's Lake Tahoe
Preliminary
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets										4,683		4,683
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment										6,361		6,361
Business Combination, Recognized Identifiable Assets Acquired And Liabilities Assumed, Right Of Use Asset										57,017		57,017
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill										5,430		5,430
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets										0		0
Goodwill, net										0		0
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities										(3,546)		(3,546)
Business Combination, Recognized Identifiable Asset Acquired and Liability Assumed, Lease Obligation										(52,927)		(52,927)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other										(904)		(904)
Business Combination, Recognized Identifiable Assets Acquired, Goodwill And Liabilities Assumed, Before Bargain Purchase Gain, Net										16,114		16,114
Gain on bargain purchases												(1,942)	(2,000)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net										14,172		14,172
Business Combination, Consideration Transferred									$ 14,200
Bally's Lake Tahoe | Customer relationships
Preliminary
Acquired intangible assets, useful life					6 months
Bally's Lake Tahoe | Tradename
Preliminary
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill					$ 200
Bally's Lake Tahoe | Hard Rock license
Preliminary
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill					$ 5,200
Bally’s Atlantic City
Preliminary
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets										11,896		11,896
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment										40,898		40,898
Business Combination, Recognized Identifiable Assets Acquired And Liabilities Assumed, Right Of Use Asset										0		0
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill										1,120		1,120
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets										0		0
Goodwill, net										0		0
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities										(11,114)		(11,114)
Business Combination, Recognized Identifiable Asset Acquired and Liability Assumed, Lease Obligation										0		0
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other										(11,132)		(11,132)
Business Combination, Recognized Identifiable Assets Acquired, Goodwill And Liabilities Assumed, Before Bargain Purchase Gain, Net										31,668		31,668
Gain on bargain purchases										(32,600)		(32,595)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net										(927)		(927)
Business Combination, Consideration Transferred							$ 24,700
Bally’s Atlantic City | Customer relationships
Preliminary
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill							$ 900
Acquired intangible assets, useful life							8 years
Bally’s Atlantic City | Hotel and conference pre-bookings
Preliminary
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill							$ 200
Acquired intangible assets, useful life							3 years
Bally's Shreveport
Preliminary
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets										7,616		7,616
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment										125,822		125,822
Business Combination, Recognized Identifiable Assets Acquired And Liabilities Assumed, Right Of Use Asset										9,260		9,260
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill										58,140		58,140
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets										403		403
Goodwill, net										0		0
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities										(6,059)		(6,059)
Business Combination, Recognized Identifiable Asset Acquired and Liability Assumed, Lease Obligation										(14,540)		(14,540)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other										(12,137)		(12,137)
Business Combination, Recognized Identifiable Assets Acquired, Goodwill And Liabilities Assumed, Before Bargain Purchase Gain, Net										168,505		168,505
Gain on bargain purchases						$ (31,300)						(31,315)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net										137,190		137,190
Business Combination, Consideration Transferred						137,200
Bally's Shreveport | Customer relationships
Preliminary
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill						$ 400
Acquired intangible assets, useful life						8 years
Bally's Shreveport | Hard Rock license
Preliminary
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill						$ 57,700
Bally's KC & Vicksburg
Preliminary
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets										5,538		5,538
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment										60,865		60,865
Business Combination, Recognized Identifiable Assets Acquired And Liabilities Assumed, Right Of Use Asset										10,315		10,315
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill										138,160		138,160
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets										117		117
Goodwill, net										54,276		54,276
Business Combination, Recognized Identifiable Asset Acquired and Liability Assumed, Lease Obligation										(34,452)		(34,452)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other										(194)		(194)
Business Combination, Recognized Identifiable Assets Acquired, Goodwill And Liabilities Assumed, Before Bargain Purchase Gain, Net										229,863		229,863
Gain on bargain purchases												0
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net										229,863		229,863
Business Combination, Consideration Transferred								$ 229,900
Bally's KC & Vicksburg | Customer relationships
Preliminary
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill								$ 900
Acquired intangible assets, useful life								8 years
Bally's KC & Vicksburg | Hard Rock license
Preliminary
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill								$ 137,300
North America Interactive
Preliminary
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment										596		596
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill										167,075		167,075
Goodwill, net										250,730		250,730		$ 250,700
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities										(14,787)		(14,787)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents										8,689		8,689
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Receivables										4,498		4,498
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Prepaid Expense and Other Assets										3,104		3,104
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities										(15,811)		(15,811)
Noncontrolling Interest, Increase from Business Combination												(3,760)
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Less Noncontrolling Interest										$ 400,334	$ 400,300	$ 400,334	$ 400,300
North America Interactive | Customer relationships
Preliminary
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill														41,500
North America Interactive | Customer relationships | Minimum
Preliminary
Acquired intangible assets, useful life												3 years
North America Interactive | Customer relationships | Maximum
Preliminary
Acquired intangible assets, useful life												10 years
North America Interactive | Tradename
Preliminary
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill														3,100
North America Interactive | Tradename | Minimum
Preliminary
Acquired intangible assets, useful life												10 years
North America Interactive | Tradename | Maximum
Preliminary
Acquired intangible assets, useful life												15 years
North America Interactive | Developed Software
Preliminary
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill														$ 122,400
North America Interactive | Developed Software | Minimum
Preliminary
Acquired intangible assets, useful life												3 years
North America Interactive | Developed Software | Maximum
Preliminary
Acquired intangible assets, useful life												10 years
Gamesys
Preliminary
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment		15,230
Business Combination, Recognized Identifiable Assets Acquired And Liabilities Assumed, Right Of Use Asset		14,185
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill		1,510,323
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets		17,668
Goodwill, net		1,683,762
Business Combination, Recognized Identifiable Asset Acquired and Liability Assumed, Lease Obligation		(14,185)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other		(6,680)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents		183,306
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Receivables		35,851
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Prepaid Expense and Other Assets		28,418
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Accounts Payable		(47,881)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Accrued Income Taxes, Current		(40,250)
Business Combination, Recognized Identifiable Assets Acquired And Liabilities Assumed, Accrued And Other Current Liabilities		(180,237)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-term Debt		(456,469)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities		(143,924)
Business Combination, Consideration Transferred		2,599,117
Gamesys | Customer relationships
Preliminary
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill		980,200
Gamesys | Tradename
Preliminary
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill		247,100
Gamesys | Developed Software
Preliminary
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill		$ 282,000
Useful life		7 years

BUSINESS COMBINATIONS - Unaudit

BUSINESS COMBINATIONS - Unaudited Supplemental Pro Forma Consolidated Revenue and Net Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Gamesys, Lake Tahoe & Evansville
Business Acquisition [Line Items]
Business Acquisition, Pro Forma Revenue	$ 2,221,870	$ 1,529,369
Business Acquisition, Pro Forma Net Income (Loss)	$ 46,048	(129,374)
Casino KC, Casino Vicksburg, and Shreveport
Business Acquisition [Line Items]
Business Acquisition, Pro Forma Revenue		465,685
Business Acquisition, Pro Forma Net Income (Loss)		$ (7,450)

ASSETS AND LIABILITIES HELD F_3

ASSETS AND LIABILITIES HELD FOR SALE (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Disposal Group, Including Discontinued Operation, Assets, Current [Abstract]
Restricted cash, prepaid expenses and other current assets	$ 3,756
Goodwill	9,399
Intangible assets, net	4,022
Assets held for sale	17,177	$ 0
Liabilities related to assets held for sale	$ 3,409	$ 0

PREPAID EXPENSES AND OTHER AS_3

PREPAID EXPENSES AND OTHER ASSETS (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Services and license agreements	$ 31,396	$ 21,496
Due from payment service providers	30,621	15,984
Purse funds	8,093	8,286
Prepaid marketing	8,042	10,066
Prepaid insurance	6,374	9,637
Sales tax	5,900	18,308
Other	10,291	20,686
Total prepaid expenses and other current assets	$ 100,717	$ 104,463

PROPERTY AND EQUIPMENT (Details

PROPERTY AND EQUIPMENT (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	$ 1,469,813	$ 1,043,848
Less: Accumulated depreciation	(267,711)	(205,197)
Property, Plant and Equipment, Net	1,202,102	838,651
Depreciation expense	71,700	53,700	$ 33,000
Land
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	259,378	75,328
Land improvements
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	31,197	34,704
Building and improvements
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	752,964	650,837
Equipment
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	246,340	182,006
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	63,753	47,258
Construction in process
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	$ 116,181	$ 53,715

GOODWILL AND INTANGIBLE ASSET_2

GOODWILL AND INTANGIBLE ASSETS - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Goodwill [Line Items]
Impairment charges	$ 463,978	$ 4,675	$ 8,659
Impairment charges	232,409	4,675
Impairment charges	231,569
Amortization of Intangible Assets	$ 228,900	$ 91,100	$ 4,900
Impairment, Intangible Asset, Indefinite-Lived (Excluding Goodwill), Statement of Income or Comprehensive Income [Extensible Enumeration]	Impairment charges
North America Interactive
Goodwill [Line Items]
Impairment charges	$ 390,700
Impairment charges	159,100
Impairment charges	231,569
International Interactive
Goodwill [Line Items]
Impairment charges	0
Impairment of Intangible Assets, Indefinite-Lived (Excluding Goodwill)	$ 73,300

GOODWILL AND INTANGIBLE ASSET_3

GOODWILL AND INTANGIBLE ASSETS - Schedule of good will (Details) - USD ($) $ in Thousands		12 Months Ended
	Oct. 01, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Goodwill [Roll Forward]
Goodwill as of beginning		$ 2,122,653	$ 186,979
Goodwill from current year business combinations		8,590	1,943,560
Effect of foreign exchange		(148,313)	(8,266)
Impairment charges		(231,569)
Year to date adjustments, goodwill	$ 5,300	4,240	380
Transferred to assets held for sale		(9,399)
Goodwill as of ending		1,746,202	2,122,653
Held-for-sale
Goodwill [Roll Forward]
Goodwill as of ending		100,600
Goodwill, Impaired, Accumulated Impairment Loss		91,200
Casinos & Resorts
Goodwill [Roll Forward]
Goodwill as of beginning		201,952	186,979
Goodwill from current year business combinations		8,590	14,593
Effect of foreign exchange		0	0
Impairment charges		0
Year to date adjustments, goodwill		(1,285)	380
Transferred to assets held for sale		0
Goodwill as of ending		209,257	201,952
Goodwill, Impaired, Accumulated Impairment Loss		(5,400)	(5,400)	$ (5,400)
North America Interactive
Goodwill [Roll Forward]
Goodwill as of beginning		283,358	0
Goodwill from current year business combinations		0	283,767
Effect of foreign exchange		(2,889)	(409)
Impairment charges		(231,569)
Year to date adjustments, goodwill		239	0
Transferred to assets held for sale		(9,399)
Goodwill as of ending		39,740	283,358
Goodwill, Impaired, Accumulated Impairment Loss		(140,400)
International Interactive
Goodwill [Roll Forward]
Goodwill as of beginning		1,637,343	0
Goodwill from current year business combinations		0	1,645,200
Effect of foreign exchange		(145,424)	(7,857)
Impairment charges		0
Year to date adjustments, goodwill		5,286	0
Transferred to assets held for sale		0
Goodwill as of ending		$ 1,497,205	$ 1,637,343

GOODWILL AND INTANGIBLE ASSET_4

GOODWILL AND INTANGIBLE ASSETS - Changes in Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Change in Intangible Assets [Roll Forward]
Intangible assets, net, beginning balance	$ 2,477,952	$ 663,395
Change in TRA with Sinclair(1)	(22,806)	(850)
Effect of foreign exchange	(125,911)	(12,538)
Impairment charges	(232,409)	(4,675)
Internally developed software	37,121	20,952
Other intangibles acquired(2)	55,782
Transferred to assets held for sale	(4,022)
Less: Accumulated amortization	(228,909)	(90,801)
Intangible assets, net, ending balance	1,961,938	2,477,952
Current Year Acquisitions
Change in Intangible Assets [Roll Forward]
Intangible assets acquired	$ 5,140	1,870,918
Other Acquisitions
Change in Intangible Assets [Roll Forward]
Intangible assets acquired		$ 31,551

GOODWILL AND INTANGIBLE ASSET_5

GOODWILL AND INTANGIBLE ASSETS - Schedule of Identifiable Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Amortizable intangible assets:
Gross amount	$ 1,569,499	$ 1,846,882
Accumulated amortization	(301,609)	(113,938)
Net Amount	1,267,890	1,732,944
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Unamortizable intangible assets	694,048	745,008
Gross total intangible assets	2,263,547	2,591,890
Intangible assets, net	1,961,938	2,477,952	$ 663,395
Internally developed software	37,121	20,952
Gaming licenses
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Unamortizable intangible assets	529,171	478,171
Trade names
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Unamortizable intangible assets	164,391	265,099
Other
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Unamortizable intangible assets	$ 486	$ 1,738
Naming rights
Amortizable intangible assets:
Weighted average remaining life (in years)	8 years 1 month 6 days	9 years 2 months 12 days
Gross amount	$ 314,585	$ 337,391
Accumulated amortization	(58,982)	(25,721)
Net Amount	$ 255,603	$ 311,670
Trade names
Amortizable intangible assets:
Weighted average remaining life (in years)	2 years 8 months 12 days	10 years 7 months 6 days
Gross amount	$ 17,750	$ 28,439
Accumulated amortization	(16,196)	(17,481)
Net Amount	$ 1,554	$ 10,958
Hard Rock license
Amortizable intangible assets:
Weighted average remaining life (in years)	24 years 6 months	25 years 6 months
Gross amount	$ 8,000	$ 8,000
Accumulated amortization	(2,061)	(1,818)
Net Amount	$ 5,939	$ 6,182
Customer relationships
Amortizable intangible assets:
Weighted average remaining life (in years)	5 years 9 months 18 days	6 years 8 months 12 days
Gross amount	$ 907,199	$ 1,026,797
Accumulated amortization	(166,155)	(46,789)
Net Amount	$ 741,044	$ 980,008
Technology-Based Intangible Assets
Amortizable intangible assets:
Weighted average remaining life (in years)	5 years 8 months 12 days	7 years 2 months 12 days
Gross amount	$ 256,512	$ 392,481
Accumulated amortization	(45,769)	(19,690)
Net Amount	$ 210,743
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Internally developed software		$ 372,791
Computer Software, Intangible Asset
Amortizable intangible assets:
Weighted average remaining life (in years)	4 years	4 years 9 months 18 days
Gross amount	$ 26,520	$ 20,952
Accumulated amortization	(5,444)	(727)
Net Amount	$ 21,076
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Internally developed software		$ 20,225
Gaming licenses
Amortizable intangible assets:
Weighted average remaining life (in years)	7 years 9 months 18 days	10 years
Gross amount	$ 34,016	$ 30,409
Accumulated amortization	(4,892)	(591)
Net Amount	$ 29,124
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Internally developed software		$ 29,818
Other
Amortizable intangible assets:
Weighted average remaining life (in years)	2 years 7 months 6 days	4 years 4 months 24 days
Gross amount	$ 4,917	$ 2,413
Accumulated amortization	(2,110)	(1,121)
Net Amount	$ 2,807	$ 1,292

GOODWILL AND INTANGIBLE ASSET_6

GOODWILL AND INTANGIBLE ASSETS - Schedule of Remaining Amortization Expense (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
2023	$ 208,640
2024	207,168
2025	205,934
2026	204,624
2027	198,627
Thereafter	242,897
Net Amount	$ 1,267,890	$ 1,732,944

FAIR VALUE MEASUREMENTS - Sched

FAIR VALUE MEASUREMENTS - Schedule of Assets and Liabilities, Fair Value, Recurring Basis (Details) - Fair Value, Recurring - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Level 1
Assets:
Cash and cash equivalents	$ 212,515	$ 206,193
Restricted cash	52,669	68,647
Convertible loans	657
Convertible loans	0	5,905
Other current assets		176
Other current assets	2,395
Total	268,236	280,921
Liabilities:
Sinclair Performance Warrants	0	0
Contingent consideration	0
Sinclair Options		0
Total	0	0
Level 2
Assets:
Cash and cash equivalents	0	0
Restricted cash	0	0
Convertible loans	0
Convertible loans	0	0
Other current assets		0
Other current assets	0
Total	0	0
Liabilities:
Sinclair Performance Warrants	0	0
Contingent consideration	0
Sinclair Options		0
Total	0	0
Level 3
Assets:
Cash and cash equivalents	0	0
Restricted cash	0	0
Convertible loans	0
Convertible loans	10,212	2,025
Other current assets		0
Other current assets	0
Total	10,212	2,025
Liabilities:
Sinclair Performance Warrants	36,987	69,564
Contingent consideration	8,220
Sinclair Options		34,931
Total	$ 45,207	$ 104,495

FAIR VALUE MEASUREMENTS - Sch_2

FAIR VALUE MEASUREMENTS - Schedule of Level 3 Activity (Details) - Level 3 - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Additions in the period (acquisition fair value)	$ 3,777	$ 60,648
Reductions in the period	(15,862)
Change in fair value	(39,016)	(42,247)
Warrant
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Additions in the period (acquisition fair value)	0	0
Reductions in the period	0
Change in fair value	(32,577)	(18,555)
Contingent Consideration
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Additions in the period (acquisition fair value)	0	58,623
Reductions in the period	(15,862)
Change in fair value	(10,849)	(23,692)
Contingent Consideration | Other Assets
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Additions in the period (acquisition fair value)	3,777	2,025
Reductions in the period	0
Change in fair value	4,410	0
Fair Value, Recurring
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	106,520	88,119
Ending ending	55,419	106,520
Fair Value, Recurring | Warrant
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	69,564	88,119
Ending ending	36,987	69,564
Fair Value, Recurring | Contingent Consideration
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	34,931	0
Ending ending	8,220	34,931
Fair Value, Recurring | Contingent Consideration | Other Assets
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	2,025	0
Ending ending	$ 10,212	$ 2,025

FAIR VALUE MEASUREMENTS - Narra

FAIR VALUE MEASUREMENTS - Narrative (Details) $ in Thousands, € in Millions, £ in Millions				1 Months Ended	3 Months Ended	12 Months Ended
	Oct. 01, 2021 USD ($)	Aug. 20, 2021 USD ($)	Aug. 20, 2021 GBP (£)	May 07, 2021 USD ($)	Mar. 31, 2022 USD ($) shares	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)	Apr. 16, 2021 GBP (£)	Apr. 16, 2021 EUR (€)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Payment for Contingent Consideration Liability, Investing Activities					$ 15,900
Foreign Exchange Contract
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Cost of hedge				$ 22,600
Gain (loss) on derivative instruments						$ 0	$ (20,882)	$ 0
Foreign Exchange Contract | Not Designated as Hedging Instrument
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Derivative Asset, Subject to Master Netting Arrangement, before Offset | £			£ 354						£ 900
Increase (Decrease) in Derivative Assets | £			£ 746
Derivative, Cash Received on Hedge	$ 100	$ 1,700
Foreign Exchange Contract - Denominated Debt | Not Designated as Hedging Instrument
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Derivative Asset, Subject to Master Netting Arrangement, before Offset									£ 200	€ 336
Warrant
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Gain (loss) on derivative instruments						32,577	18,555	(32,878)
Option on Securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Gain (loss) on derivative instruments						$ 0	(1,526)	$ (24,782)
SportCaller and MKF
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Present value of reimbursement							$ 58,700
Monkey Knife Fight
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Contingently Issuable Shares, Shares Issued | shares					393,778
Horses Mouth Limited (SportCaller)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Payment for Contingent Consideration Liability, Investing Activities					$ 100
Stock issued for purchase of Dover Downs (in shares) | shares					107,832

FAIR VALUE MEASUREMENTS - Fair

FAIR VALUE MEASUREMENTS - Fair Value of Debt (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	May 10, 2019
Senior Notes | 6.75% Senior Notes due 2027
Debt Instrument [Line Items]
Interest rate			6.75%
Senior Notes | 5.625% Senior Notes Due 2029
Debt Instrument [Line Items]
Interest rate	5.625%
Senior Notes | 5.625% Senior Notes Due 2029 | Carrying Amount | Level 1
Debt Instrument [Line Items]
Long-term debt, fair value	$ 734,497	$ 732,660
Senior Notes | 5.625% Senior Notes Due 2029 | Fair Value | Level 1
Debt Instrument [Line Items]
Long-term debt, fair value	$ 555,000	746,250
Senior Notes | 5.875% Senior Notes Due 2031
Debt Instrument [Line Items]
Interest rate	5.875%
Senior Notes | 5.875% Senior Notes Due 2031 | Carrying Amount | Level 1
Debt Instrument [Line Items]
Long-term debt, fair value	$ 732,976	731,537
Senior Notes | 5.875% Senior Notes Due 2031 | Fair Value | Level 1
Debt Instrument [Line Items]
Long-term debt, fair value	529,905	754,223
Term Loan Facility | Line of credit | Carrying Amount | Level 1
Debt Instrument [Line Items]
Long-term debt, fair value	1,884,082	1,897,030
Term Loan Facility | Line of credit | Fair Value | Level 1
Debt Instrument [Line Items]
Long-term debt, fair value	$ 1,872,238	$ 1,945,000

ACCRUED LIABILITIES (Details)

ACCRUED LIABILITIES (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Payables and Accruals [Abstract]
GLPI advance deposit	$ 200,000	$ 0
Gaming liabilities	168,386	170,508
Compensation	60,463	49,764
Interest payable	36,173	46,292
Other	108,909	134,864
Total accrued liabilities	$ 573,931	$ 401,428

SINCLAIR AGREEMENT (Details)

SINCLAIR AGREEMENT (Details) $ / shares in Units, $ in Thousands			12 Months Ended
	Jan. 27, 2021 USD ($)	Nov. 18, 2020 USD ($) renewalTerm	Dec. 31, 2022 USD ($) $ / shares shares	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)	Apr. 20, 2021 $ / shares shares
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Shares for purchase from exercisable warrants (in shares) | shares						909,090
Exercise price of warrants (in USD per share) | $ / shares						$ 55
Warrants subject to approval			0.199
Naming rights liabilities			$ 109,807	$ 168,929
Amortization of Intangible Assets			$ 228,900	91,100	$ 4,900
Maximum
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Volatility			66%
Risk free rates			4.01%
Expected terms			8 years
Minimum
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Volatility			63%
Risk free rates			1.02%
Expected terms			3 years 4 months 24 days
Penny warrant
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Shares for purchase from exercisable warrants (in shares) | shares			4,915,726
Exercise price of warrants (in USD per share) | $ / shares			$ 0.01
Fair value of underlying shares		$ 150,400
Performance Warrant
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Exercise price of warrants (in USD per share) | $ / shares			$ 0.01
Total fair values			$ 37,000	69,600
Performance Warrant | Maximum
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Shares for purchase from exercisable warrants (in shares) | shares			3,279,337
Option on Securities
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Shares for purchase from exercisable warrants (in shares) | shares			1,639,669
Exercise period			7 years
Option on Securities | Maximum
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Exercise price of warrants (in USD per share) | $ / shares			$ 45
Option on Securities | Minimum
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Exercise price of warrants (in USD per share) | $ / shares			$ 30
Penny Warrant and Options
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Adjusted fair value	$ 59,700
Naming Rights - Sinclair
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Amortization of Intangible Assets			$ 33,300	25,700
Sinclair Agreement
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Annual naming rights fees		$ 88,000
Liability			19,400	42,200
Naming rights liabilities			59,300	58,900
Accretion Expense			4,400	4,300
Accrued liabilities | Sinclair Agreement
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Naming rights liabilities			6,000	2,000
Naming Rights Liability | Sinclair Agreement
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Naming Rights Liability, Noncurrent			53,300	56,900
Sinclair Agreement
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Initial term of agreement		10 years
Renewal option | renewalTerm		1
Additional renewal term		5 years
Tax benefit required to be shared		0.60
Increase in naming rights			(22,800)	(800)
Asset Acquisition, Assets Acquired And Liabilities Assumed, Intangible Assets			$ 255,600	$ 311,700

LONG-TERM DEBT - Schedule of Lo

LONG-TERM DEBT - Schedule of Long Term Debt (Details) - USD ($) $ in Thousands			12 Months Ended
	Oct. 05, 2021	Sep. 07, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	May 10, 2019
Debt Instrument [Line Items]
Long-term debt, gross			$ 3,562,550
Less: Unamortized original issue discount			(27,729)	$ (31,425)
Less: Unamortized deferred financing fees			(46,266)	(52,348)
Long-term debt, including current portion			3,488,555	3,446,227
Less: Current portion of Term Loan and Revolving Credit Facility			(19,450)	(19,450)
Long-term debt, net of discount and deferred financing fees; excluding current portion			3,469,105	3,426,777
Loss on extinguishment of debt			0	103,007	$ 0
Line of credit | Term Loan Facility
Debt Instrument [Line Items]
Long-term debt, gross			1,925,550	1,945,000
Line of credit | Revolving Credit Facility
Debt Instrument [Line Items]
Long-term debt, gross			$ 137,000	85,000
6.75% Senior Notes due 2027 | 6.75% Senior Notes due 2027
Debt Instrument [Line Items]
Interest rate						6.75%
Redemption price percentage	109.074%	106.75%
Loss on extinguishment of debt				103,000
6.75% Senior Notes due 2027 | 5.625% Senior Notes Due 2029
Debt Instrument [Line Items]
Interest rate			5.625%
Long-term debt, gross			$ 750,000	750,000
6.75% Senior Notes due 2027 | 5.875% Senior Notes Due 2031
Debt Instrument [Line Items]
Interest rate			5.875%
Long-term debt, gross			$ 750,000	$ 750,000

LONG-TERM DEBT - Additional Inf

LONG-TERM DEBT - Additional Information (Details) - USD ($)					12 Months Ended
	Oct. 05, 2021	Oct. 01, 2021	Sep. 07, 2021	Oct. 09, 2020	Dec. 31, 2022	Aug. 20, 2021	May 10, 2019
6.75% Senior Notes due 2027 | 6.75% Senior Notes due 2027
Debt Instrument [Line Items]
Interest rate							6.75%
Principal amount							$ 400,000,000
Additional unsecured senior notes				$ 125,000,000
Redemption price percentage	109.074%		106.75%
Repayments of Senior Debt	$ 315,000,000		$ 210,000,000
6.75% Senior Notes due 2027 | Senior Notes Due 2031
Debt Instrument [Line Items]
Amount of original principal amount redeemable					40%
Amount of notes redeemable plus accrued and unpaid interest					105.875%
6.75% Senior Notes due 2027 | Senior Notes Due 2031 | Subsidiaries
Debt Instrument [Line Items]
Interest rate						5.875%
Principal amount						$ 750,000,000
6.75% Senior Notes due 2027 | Senior Notes Due 2029
Debt Instrument [Line Items]
Amount of original principal amount redeemable					40%
Amount of notes redeemable plus accrued and unpaid interest					105.625%
6.75% Senior Notes due 2027 | Senior Notes Due 2029 | Subsidiaries
Debt Instrument [Line Items]
Interest rate						5.625%
Principal amount						$ 750,000,000
6.75% Senior Notes due 2027 | New Credit Facilities
Debt Instrument [Line Items]
Principal amount		$ 2,565,000,000
Maximum capacity on line of credit					30%
6.75% Senior Notes due 2027 | New Credit Facilities | LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate		1%
6.75% Senior Notes due 2027 | New Credit Facilities | Federal funds effective swap rate
Debt Instrument [Line Items]
Basis spread on variable rate		0.50%
Term Loan Facility | New Credit Facilities
Debt Instrument [Line Items]
Basis spread on variable rate		1.50%
Principal amount		$ 1,945,000,000
Debt Instrument, Interest Rate Floor		0.50%
Revolving Credit Facility | New Credit Facilities
Debt Instrument [Line Items]
Basis spread on variable rate		1%
Principal amount		$ 620,000,000
Debt Instrument, Interest Rate Floor		0%
Revolving Credit Facility | New Credit Facilities | Minimum
Debt Instrument [Line Items]
Commitment fee		0.50%
Revolving Credit Facility | New Credit Facilities | Maximum
Debt Instrument [Line Items]
Commitment fee		0.375%
Line of credit | New Credit Facilities
Debt Instrument [Line Items]
Commitment increase limit		$ 650,000,000
Commitment increase limit, EBITDA		100%

LONG-TERM DEBT - Schedule of Ma

LONG-TERM DEBT - Schedule of Maturities of Long-term Debt (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Debt Disclosure [Abstract]
2023	$ 19,450
2024	19,450
2025	19,450
2026	156,450
2027	19,450
Thereafter	3,328,300
Long-term debt, including current portion	$ 3,562,550

LEASES - Additional Information

LEASES - Additional Information (Details)			3 Months Ended		12 Months Ended
	Jan. 03, 2023 USD ($)	Nov. 18, 2022 renewalTerm	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)	Jun. 03, 2021 USD ($)
Lessee, Lease, Description [Line Items]
Operating lease liability					$ 836,141,000	$ 531,000,000
Right of use assets					808,926,000	507,843,000
Future operating lease payments					87,700,000
Proceeds from Sale of Lease Receivables			$ 150,000,000	$ 144,000,000
Deposit Liability To Acquire Property And Equipment					200,000,000
Lessee, Operating Lease, Lease Not yet Commenced, To Be Paid					18,100,000
Land					200,000,000
Operating Lease, Lease Income					$ 153,800,000	$ 95,400,000	$ 24,700,000
Operating Lease, Lease Income, Statement of Income or Comprehensive Income [Extensible Enumeration]					Total revenue
Financing Obligation
Lessee, Lease, Description [Line Items]
Debt Instrument, Term		99 years
Debt Instrument, Number Of Renewal Options | renewalTerm		10
Debt Instrument, Renewal Term, Period		20 years
Principal amount					$ 200,000,000
Repayments of Secured Debt					2,000,000
Subsequent event
Lessee, Lease, Description [Line Items]
Increase in minimum annual payment	$ 48,500,000
GLP Capital, L.P. | Subsequent event
Lessee, Lease, Description [Line Items]
Payments to Acquire Real Estate	$ 635,000,000
Dover Downs real estate | Bally's Evansville
Lessee, Lease, Description [Line Items]
Number of renewal terms								4
Annual minimum payment					$ 52,000,000
Dover Downs real estate | Dover Downs real estate
Lessee, Lease, Description [Line Items]
Term of contract								15 years
Bally's Evansville
Lessee, Lease, Description [Line Items]
Renewal term					5 years
Bally's Evansville | Bally's Evansville
Lessee, Lease, Description [Line Items]
Term of contract								15 years

LEASES - Quantitative Informati

LEASES - Quantitative Information of Operating Leases (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Lease, Cost [Abstract]
Operating lease cost	$ 75,675	$ 36,354	$ 3,256
Variable lease cost	8,386	4,191	56
Operating lease expense	84,061	40,545	3,312
Short-term lease expense	17,536	11,746	2,158
Total operating lease expense	101,597	52,291	$ 5,470
Cash paid for amounts included in the lease liability - operating cash flows from operating leases	68,689	37,032
Right of use assets obtained in exchange for operating lease liabilities	$ 341,747	$ 818,405
Weighted average remaining lease term	20 years 8 months 12 days	15 years 3 months 18 days
Weighted average discount rate	6.70%	6.10%

LEASES - Future Minimum Rental

LEASES - Future Minimum Rental Commitments (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Leases [Abstract]
2023	$ 82,680
2023	87,308
2025	91,310
2026	90,565
2027	84,912
Thereafter	1,270,751
Total lease payments	1,707,526
Less: present value discount	(871,385)
Lease obligations	$ 836,141	$ 531,000

EQUITY PLANS - Additional Infor

EQUITY PLANS - Additional Information (Details)		5 Months Ended	12 Months Ended
	Jul. 27, 2022 $ / shares shares	May 18, 2021 shares	Dec. 31, 2022 USD ($) plan $ / shares shares	Dec. 31, 2021 USD ($) $ / shares shares	Dec. 31, 2020 USD ($) $ / shares shares	Dec. 09, 2015 shares	Jun. 14, 2011 shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of incentive plans | plan			3
Share based compensation expense | $			$ 27,912,000	$ 20,143,000	$ 17,706,000
Share-based income tax benefit (expense) | $			7,100,000	5,100,000	6,900,000
Unrecognized share-based compensation expense | $			$ 17,200,000
Period for recognition			1 year 2 months 12 days
Intrinsic value of options exercised or unvested Put to the company and canceled | $			$ 600,000	3,400,000	400,000
Compensation cost | $			$ 0	$ 0	$ 0
Number of common shares repurchased (in shares)	4,700,000		6,621,841	2,188,532	1,812,393
Average cost per share, including commissions (in dollar per share) | $ / shares	$ 22		$ 23.16	$ 39.76	$ 18.37
RSUs and PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average grant date fair values (in dollars per share) | $ / shares			$ 30.13	$ 53.52	$ 31.27
Restricted stock units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total intrinsic value of RSUs | $			$ 15,300,000	$ 9,100,000	$ 23,700,000
Performance Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)			29,995
Granted (in shares)			115,174
Other stock based award
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation expense | $				$ 6,300,000
Granted (in shares)				131,046
2010 Option plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options exercised (in shares)			20,000
Intrinsic value of outstanding stock options | $				$ 700,000
2010 Option plan | Stock option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock available to acquire (in shares)							2,455,368
2015 Incentive plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock available to acquire (in shares)						1,700,000
Shares available for grant (in shares)			3,240,857
2015 Incentive plan | Restricted stock units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Other share increase (decrease)		221,464
Vesting period			3 years
Vesting percentage per year			33%
2015 Incentive plan | Performance Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)			62,133	29,995	31,478
2015 Incentive plan | Performance Stock Units | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			3 years
2021 Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock available to acquire (in shares)			4,250,000

EQUITY PLANS EQUITY PLANS - Sto

EQUITY PLANS EQUITY PLANS - Stock option (Details) - 2010 Option plan - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Options outstanding, beginning balance (in shares)	20,000
Stock options exercised (in shares)	(20,000)
Options outstanding, ending balance (in shares)	0	20,000
Options exercisable (in shares)	0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]
Outstanding - weighted average exercise price, beginning balance (in dollars per share)	$ 4.31
Exercised - weighted average exercise price (in dollars per share)	4.31
Outstanding - weighted average exercise price, ending balance (in dollars per share)		$ 4.31
Exercisable - weighted average exercise price (in dollars per share)	$ 0
Outstanding - weighted average remaining contractual term		1 year 10 months 24 days
Outstanding - aggregate intrinsic value		$ 0.7
Exercisable - aggregate intrinsic value	$ 0

EQUITY PLANS EQUITY PLANS - RSU

EQUITY PLANS EQUITY PLANS - RSU and PSU equity activity (Details) - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Outstanding at beginning of period (in shares)	960,493
Granted (in shares)	359,051
Vested (in shares)	(627,765)
Forfeited (in shares)	37,452
Outstanding at end of period (in shares)	654,327	960,493
Performance Stock Units
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Outstanding at beginning of period (in shares)	29,995
Granted (in shares)	115,174
Vested (in shares)	(29,995)
Forfeited (in shares)	53,041
Outstanding at end of period (in shares)	62,133	29,995
RSUs and PSUs
Weighted Average Grant Date Fair Value
Outstanding at beginning of period (in dollar per share)	$ 48.28
Granted (in dollar per share)	30.13	$ 53.52	$ 31.27
Vested (in dollar per share)	44.27
Forfeited (in dollar per share)	38.59
Outstanding at end of period (in dollar per share)	$ 38.35	$ 48.28

SHAREHOLDERS_ EQUITY - Addition

SHAREHOLDERS’ EQUITY - Additional Information (Details)		1 Months Ended	12 Months Ended
	Jul. 27, 2022 shares	May 10, 2021 USD ($) shares	Dec. 31, 2022 USD ($) $ / shares shares	Dec. 31, 2021 $ / shares shares	Dec. 31, 2020 USD ($) shares	May 18, 2021 shares	Apr. 20, 2021 USD ($) $ / shares shares
Class of Stock [Line Items]
Common stock issued (in shares)			46,670,057	53,050,055
Common stock authorized (in shares)			200,000,000
Preferred stock authorized (in shares)			10,000,000	10,000,000		10,000,000
Preferred stock issued (in shares)			0	0
Common stock par value (in dollars per share) | $ / shares			$ 0.01
Stock repurchase program approved (up to) | $			$ 700,000,000
Treasury stock retired (in shares)			7,394,642	3,492,222	10,892,083
Treasury stock (in shares)			0	795,578
Cash dividend per share (in dollars per share) | $ / shares			$ 0.10
Cash dividend amount | $			$ 0		$ 3,200,000
Available amount remaining under capital return program | $			$ 194,600,000
Sale of Stock, Price Per Share | $ / shares							$ 55
Shares for purchase from exercisable warrants (in shares)							909,090
Class of Warrant or Right, Aggregate Purchase Price | $							$ 50,000,000
Exercise price of warrants (in USD per share) | $ / shares							$ 55
Maximum Amount of Outstanding Common Shares to be Acquired							0.049
Number of common shares repurchased	4,700,000		6,621,841	2,188,532	1,812,393
Common stock outstanding (in shares)			46,670,057	52,254,477
Preferred stock, par value (in dollars per share) | $ / shares			$ 0.01	$ 0.01
Warrant
Class of Stock [Line Items]
Conversion of Stock, Shares Converted		2,086,908
Public Stock Offering
Class of Stock [Line Items]
Sale of Stock, Number of Shares Issued in Transaction		12,650,000
Sale of Stock, Consideration Received on Transaction | $		$ 671,400,000

SHAREHOLDERS_ EQUITY - Share Re

SHAREHOLDERS’ EQUITY - Share Repurchase (Details) - USD ($) $ / shares in Units, $ in Thousands		12 Months Ended
	Jul. 27, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Equity [Abstract]
Number of common shares repurchased (in shares)	4,700,000	6,621,841	2,188,532	1,812,393
Total cost	$ 103,300	$ 153,366	$ 87,024	$ 33,292
Average cost per share, including commissions (in dollar per share)	$ 22	$ 23.16	$ 39.76	$ 18.37

STOCKHOLDERS_ EQUITY - Shares O

STOCKHOLDERS’ EQUITY - Shares Outstanding (Details) € in Millions	Dec. 31, 2022 $ / shares shares	Apr. 20, 2021 $ / shares	Feb. 05, 2021 EUR (€)	Nov. 18, 2020 $ / shares
Class of Warrant or Right [Line Items]
Number of incremental shares outstanding	14,292,631
Exercise price of warrants (in USD per share) | $ / shares		$ 55
Sinclair
Class of Warrant or Right [Line Items]
Options (in shares)	1,639,669
Exercisable term				7 years
Equity Incentive Plan
Class of Warrant or Right [Line Items]
Outstanding awards under Equity Incentive Plans (in shares)	716,460
Penny warrant
Class of Warrant or Right [Line Items]
Exercise price of warrants (in USD per share) | $ / shares	$ 0.01
Penny warrant | Sinclair
Class of Warrant or Right [Line Items]
Warrants (in shares)	7,911,724
Performance Warrant
Class of Warrant or Right [Line Items]
Exercise price of warrants (in USD per share) | $ / shares	$ 0.01
Performance Warrant | Sinclair
Class of Warrant or Right [Line Items]
Warrants (in shares)	3,279,337
Option on Securities | Minimum
Class of Warrant or Right [Line Items]
Exercise price of warrants (in USD per share) | $ / shares	$ 30
Option on Securities | Minimum | Sinclair
Class of Warrant or Right [Line Items]
Exercise price of warrants (in USD per share) | $ / shares				$ 30
Option on Securities | Maximum
Class of Warrant or Right [Line Items]
Exercise price of warrants (in USD per share) | $ / shares	$ 45
Option on Securities | Maximum | Sinclair
Class of Warrant or Right [Line Items]
Exercise price of warrants (in USD per share) | $ / shares				$ 45
Monkey Knife Fight
Class of Warrant or Right [Line Items]
Contingent shares (in shares)	344,625
Monkey Knife Fight | Penny warrant
Class of Warrant or Right [Line Items]
Warrants (in shares)	34,455
Telescope [Member]
Class of Warrant or Right [Line Items]
Contingent shares (in shares)	8,626
SportCaller
Class of Warrant or Right [Line Items]
Contingent shares (in shares)	357,735
Consideration payable in shares | €			€ 6.5
Exchange ratio	1.0666
Closing price (in usd per share) | $ / shares	$ 19.38

SHAREHOLDERS_ EQUITY - Accumula

SHAREHOLDERS’ EQUITY - Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	$ 1,615,802	$ 326,598	$ 211,411
Ending balance	806,247	1,615,802	326,598
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(26,809)	(3,144)	(1,888)
Current period other comprehensive income (loss)	(268,831)	(23,769)	(1,256)
Reclassification adjustments to net earnings		104
Ending balance	(295,640)	(26,809)	(3,144)
Foreign Currency Translation Adjustments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(25,833)	0	0
Current period other comprehensive income (loss)	(270,151)	(25,833)	0
Reclassification adjustments to net earnings		0
Ending balance	(295,984)	(25,833)	0
Defined Benefit Pension Plan
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(976)	(3,144)	(1,888)
Current period other comprehensive income (loss)	1,320	2,064	(1,256)
Reclassification adjustments to net earnings		104
Ending balance	$ 344	$ (976)	$ (3,144)

EMPLOYEE BENEFIT PLANS - Schedu

EMPLOYEE BENEFIT PLANS - Schedule of Multiemployer Plans (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Multiemployer Plans [Line Items]
Total Contributions	$ 3,249	$ 3,425	$ 1,956
SEIU National Industry Pension Fund
Multiemployer Plans [Line Items]
Total Contributions	495	460	366
New England Carpenters Pension Fund
Multiemployer Plans [Line Items]
Total Contributions	95	75	91
Plumbers and Pipefitters Pension Fund
Multiemployer Plans [Line Items]
Total Contributions	267	175	171
Rhode Island Laborers Pension Fund
Multiemployer Plans [Line Items]
Total Contributions	656	671	483
New England Teamsters Pension Fund
Multiemployer Plans [Line Items]
Total Contributions	278	254	230
Legacy And Adjustable Plan Of The UNITE HERE Retirement Fund
Multiemployer Plans [Line Items]
Total Contributions	963	1,319	578
Local 68 Engineers Union Pension Fund
Multiemployer Plans [Line Items]
Total Contributions	286	269	22
Northeast Carpenters Pension Fund
Multiemployer Plans [Line Items]
Total Contributions	127	122	10
International Painters and Allied Trades Industry Pension Fund
Multiemployer Plans [Line Items]
Total Contributions	$ 82	$ 80	$ 5

EMPLOYEE BENEFIT PLANS - Additi

EMPLOYEE BENEFIT PLANS - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Defined Benefit Plan Disclosure [Line Items]
Total Contributions	$ 3,249	$ 3,425	$ 1,956
Non-current liabilities	$ (1,800)	(4,600)
Maximum percentage of employees income available for contribution	100%
Employer contribution expense	$ 7,100	4,800	700
Minimum
Defined Benefit Plan Disclosure [Line Items]
Employer matching contribution, percent of employees' gross pay	3%
Maximum
Defined Benefit Plan Disclosure [Line Items]
Employer matching contribution, percent of employees' gross pay	5%
Dover Downs Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Benefit Obligation	$ 20,800	28,800
Fair value of plan assets	19,000	24,200
Defined Benefit Plan, Net Periodic Benefit Cost (Credit)	(1,000)
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, before Tax	(1,900)
Certain bargaining agreements
Defined Benefit Plan Disclosure [Line Items]
Total Contributions	$ 2,600	$ 2,500	$ 1,200

INCOME TAXES - Components of In

INCOME TAXES - Components of Income (Loss) Before Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Domestic	$ (444,549)	$ (126,347)	$ (74,811)
Foreign	(9,920)	7,273	0
Loss before provision for income taxes	$ (454,469)	$ (119,074)	$ (74,811)

INCOME TAXES - Components of Pr

INCOME TAXES - Components of Provision for Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Current taxes
Federal	$ 9,318	$ (10,284)	$ (72,517)
State	8,289	4,676	2,002
Current Foreign Tax Expense (Benefit)	41,599	6,448	0
Current income taxes	59,206	840	(70,515)
Deferred taxes
Federal	(32,304)	294	9,871
State	(9,429)	4,770	(8,680)
Deferred Foreign Income Tax Expense (Benefit)	(46,396)	(10,281)	0
Deferred income taxes	(88,129)	(5,217)	1,191
Total (benefit) provision for income taxes	$ (28,923)	$ (4,377)	$ (69,324)

INCOME TAXES INCOME TAXES - Eff

INCOME TAXES INCOME TAXES - Effective Income Tax Rate Reconciliation (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Effective Income Tax Rate Reconciliation, Amount [Abstract]
Income tax (benefit) expense at statutory federal rate	$ (95,439,000)	$ (15,997,000)	$ (15,710,000)
State income taxes, net of federal effect	(10,096,000)	7,462,000	(5,276,000)
Foreign tax rate adjustment	(17,455,000)	(7,165,000)	0
Nondeductible professional fees	1,370,000	10,421,000	(665,000)
Other permanent differences including lobbying expense	2,414,000	4,696,000	279,000
Share-based compensation	3,348,000	2,227,000	(922,000)
Gain on bargain purchases	22,000	(4,796,000)	(13,413,000)
CARES Act	0	(5,320,000)	(33,347,000)
Return to provision adjustments	(2,275,000)	(595,000)	(270,000)
Global intangible low-tax income (“GILTI”)	2,404,000	327,000	0
Loss on derivative instruments	0	4,363,000	0
Goodwill	28,935,000	0	0
Change in uncertain tax positions	(2,224,000)	0	0
Change in valuation allowance	60,073,000	0
Total (benefit) provision for income taxes	$ (28,923,000)	$ (4,377,000)	$ (69,324,000)
Effective income tax rate on continuing operations	6.40%	3.70%	92.70%

INCOME TAXES INCOME TAXES - Def

INCOME TAXES INCOME TAXES - Deferred Tax Assets and Liabilities (Details) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Deferred tax assets:
Accrued liabilities and other	$ 5,585,000	$ 1,162,000
Share-based compensation	1,699,000	2,792,000
Naming rights liabilities	29,248,000	43,298,000
Self constructed assets	5,690,000	5,730,000
Interest	79,757,000	21,208,000
Goodwill	3,140,000	0
Net operating loss carryforwards	19,043,000	20,569,000
Valuation allowance	(60,073,000)	0
Total deferred tax assets, net	84,089,000	94,759,000
Deferred tax liabilities:
Land	(4,058,000)	(4,071,000)
Property and equipment	(52,202,000)	(35,807,000)
Change in accounting method	(73,000)	(8,494,000)
Goodwill	0	(12,544,000)
Amortizable assets	(140,229,000)	(236,388,000)
Total deferred tax liabilities	(196,562,000)	(297,304,000)
Net deferred tax liabilities	$ (112,473,000)	$ (202,545,000)

INCOME TAXES INCOME TAXES - Add

INCOME TAXES INCOME TAXES - Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Operating Loss Carryforwards [Line Items]
Benefit for income taxes	$ (28,923,000)	$ (4,377,000)	$ (69,324,000)
Effective income tax rate on continuing operations	6.40%	3.70%	92.70%
Valuation allowance	$ (60,073,000)	$ 0
Increase (decrease) in net deferred tax liabilities	90,100,000	165,600,000
Deferred income taxes	(88,129,000)	(5,217,000)	$ 1,191,000
Tax effect	(591,000)	(976,000)	588,000
Operating Loss Carryforwards, Not Subject to Expiration	9,100,000
CARES Act	0	(5,320,000)	(33,347,000)
Unrecognized tax benefits	11,277,000	5,131,000	0	$ 0
Cash and cash equivalents	$ 212,515,000	206,193,000	123,445,000
Cash and cash equivalents held outside of the United States (as a percent)	41,000,000%
Change in valuation allowance	$ 60,100,000	0	0
Tax contingency accruals	8,900,000	0
Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Contingencies	11,300,000
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued	100,000	0
Unrecognized Tax Benefits, Interest on Income Taxes Expense	100,000	0	$ 0
Operating Income (Loss)
Operating Loss Carryforwards [Line Items]
Increase (decrease) in net deferred tax liabilities	88,100,000	5,200,000
Other Comprehensive Income (Loss)
Operating Loss Carryforwards [Line Items]
Increase (decrease) in net deferred tax liabilities	2,000,000
Domestic Tax Authority
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards		14,600,000
State and Local Jurisdiction
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	174,500,000	$ 92,400,000
Business Acquisitions During 2021
Operating Loss Carryforwards [Line Items]
Increase (decrease) in net deferred tax liabilities	$ 169,800,000

INCOME TAXES INCOME TAXES - Unr

INCOME TAXES INCOME TAXES - Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Uncertain tax position liability at the beginning of the year	$ 5,131	$ 0	$ 0
Increases related to tax positions taken during prior period	11,277	5,131	0
Decreases related to tax positions taken during prior periods	(5,131)	0	0
Uncertain tax position liability at the end of the year	$ 11,277	$ 5,131	$ 0

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details) $ in Millions		12 Months Ended
	Dec. 21, 2022 USD ($)	Dec. 31, 2022 USD ($) employee agreement	Nov. 18, 2020 USD ($)
Loss Contingencies [Line Items]
Capital expenditures period		5 years
Number of employees | employee		10,500
Number of agreements | agreement		29,000
Contractual Obligation		$ 83.3
Contractual Obligation, Term		15 years
Capital expenditures, Bally's Atlantic City
Loss Contingencies [Line Items]
Commitments calls for expenditures in year one		$ 25
Commitments calls for expenditures in year two		25
Commitments calls for expenditures in year three		25
Commitments calls for expenditures in years one through three		85
Commitments calls for expenditures in years four and five		$ 15
Workforce subject to collective bargaining arrangements expiring within one year
Loss Contingencies [Line Items]
Number of employees | employee		2,755,000
Bally’s Atlantic City
Loss Contingencies [Line Items]
Capital expenditures, committed amount			$ 100
Capital expenditures, committed amount, hotel			35
Capital expenditures, committed amount, non-hotel projects			65
Bally's Rhode Island
Loss Contingencies [Line Items]
Capital expenditures, committed amount			$ 100
Rhode Island VLT Company, LLC
Loss Contingencies [Line Items]
Business Combination, Price of Acquisition, Expected	$ 7.5

SEGMENT REPORTING (Details)

SEGMENT REPORTING (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) segment Property	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Segment Reporting Information [Line Items]
Number of operating segments | segment	3
Number of reportable segments | segment	3
Total revenue	$ 2,255,705	$ 1,322,443	$ 372,792
Adjusted EBITDA	548,515	329,902	69,255
Depreciation and amortization	(300,559)	(144,786)	(37,842)
Transaction costs	(85,604)	(84,543)	(14,050)
Share-based compensation	(27,912)	(20,143)	(17,706)
Gain on sale-leaseback, net	50,766	53,425	0
Impairment charges	(463,978)	(4,675)	(8,659)
Other	(14,236)	(35,798)	(9,384)
(Loss) income from operations	(293,008)	93,382	(18,386)
Interest expense, net	(208,153)	(117,924)	(62,636)
Other non-operating expenses, net	46,692	(94,532)	6,211
Total other expense, net	(161,461)	(212,456)	(56,425)
Loss before provision for income taxes	(454,469)	(119,074)	(74,811)
Benefit for income taxes	28,923	4,377	69,324
Net loss	(425,546)	(114,697)	(5,487)
Capital expenditures	$ 212,256	$ 97,525	15,283
Number Of Casino And Resort Properties | Property	15
Number Of Horse Tracks | Property	1
Disclosure on Geographic Areas, Description of Revenue from External Customers	For geographical reporting purposes, revenue generated outside of the US has been aggregated into the International Interactive reporting segment, and consists primarily of revenue from the UK and Japan. Revenue generated from the UK and Japan represented approximately 25% and 12% of total revenue, respectively, during the year ended December 31, 2022, and approximately 11% and 6%, respectively, for the year ended December 31, 2021.
UNITED STATES
Segment Reporting Information [Line Items]
Property, Plant and Equipment, Percentage	98%
Revenue Benchmark | Geographic Concentration Risk | UNITED KINGDOM
Segment Reporting Information [Line Items]
Concentration risk	25%	11%
Revenue Benchmark | Geographic Concentration Risk | JAPAN
Segment Reporting Information [Line Items]
Concentration risk	12%	6%
Casinos & Resorts
Segment Reporting Information [Line Items]
Total revenue	$ 1,227,563	$ 1,032,828	372,792
Adjusted EBITDA	345,617	317,705	89,913
Capital expenditures	183,693	92,479	14,480
North America Interactive
Segment Reporting Information [Line Items]
Total revenue	81,700	38,352	0
Adjusted EBITDA	(65,729)	(12,413)	0
Impairment charges	(390,700)
Capital expenditures	6,635	172	0
International Interactive
Segment Reporting Information [Line Items]
Total revenue	946,442	251,263	0
Adjusted EBITDA	321,651	69,944	0
Capital expenditures	12,392	4,166	0
Other
Segment Reporting Information [Line Items]
Adjusted EBITDA	(53,024)	(45,334)	(20,658)
Capital expenditures	$ 9,536	$ 708	$ 803

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Earnings Per Share [Abstract]
Net Income (Loss) Available to Common Stockholders, Basic	$ (425,546)	$ (114,697)	$ (5,487)
Weighted average shares outstanding, basic (in shares)	58,111,699	49,643,991	31,315,151
Weighted average effect of dilutive securities (in shares)	0	0	0
Weighted average shares outstanding, diluted (in shares)	58,111,699	49,643,991	31,315,151
Earnings Per Share, Basic and Diluted [Abstract]
Basic (in dollars per share)	$ (7.32)	$ (2.31)	$ (0.18)
Diluted (in dollars per share)	$ (7.32)	$ (2.31)	$ (0.18)
Anti-dilutive shares excluded from the calculation of diluted earnings per share (in shares)	5,188,388	5,015,803	4,919,326

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - Subsequent event € in Millions, $ in Millions	Jan. 05, 2023 EUR (€)	Jan. 18, 2023 USD ($)
North America Interactive | One-time Termination Benefits | Minimum
Subsequent Event [Line Items]
Restructuring and Related Cost, Expected Cost Remaining		$ 10
North America Interactive | One-time Termination Benefits | Maximum
Subsequent Event [Line Items]
Restructuring and Related Cost, Expected Cost Remaining		$ 15
BACA Limited
Subsequent Event [Line Items]
Business Combination, Consideration Transferred | €	€ 43.9