Bally's (BALY) 10-Q 3 May 24 2024 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Mar. 31, 2024	Apr. 26, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2024
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, $0.01 par value
Trading Symbol	BALY
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		40,484,950
Amendment Flag	false
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q1
Entity Central Index Key	0001747079
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Assets
Cash and cash equivalents	$ 169,356	$ 163,194
Restricted cash	141,533	152,068
Accounts receivable, net	66,931	70,328
Inventory	15,719	14,629
Income Taxes Receivable	32,491	62,215
Prepaid expenses and other current assets	110,107	108,096
Assets held for sale	0	1,815
Total current assets	536,137	572,345
Property and equipment, net	1,100,733	1,174,888
Right of use assets, net	1,144,815	1,160,288
Goodwill	1,914,853	1,935,803
Intangible assets, net	1,812,638	1,871,428
Deferred tax asset	13,245	36,034
Other assets	113,575	110,317
Total assets	6,635,996	6,861,103
Liabilities and Stockholders’ Equity
Current portion of long-term debt	19,450	19,450
Current portion of lease liabilities	53,216	54,842
Accounts payable	59,401	69,161
Accrued Income Taxes, Current	41,150	78,301
Accrued and other current liabilities	702,560	651,719
Liabilities related to assets held for sale	0	1,307
Total current liabilities	875,777	874,780
Long-term debt, net	3,660,920	3,643,185
Long-term portion of financing obligation	200,000	200,000
Long-term portion of lease liabilities	1,139,685	1,148,407
Deferred tax liability	150,520	125,590
Commercial rights liability	62,503	113,626
Other long-term liabilities	96,786	119,661
Total liabilities	6,186,191	6,225,249
Commitments and contingencies (Note 17)
Stockholders’ equity:
Common stock	405	400
Preferred Stock, Value, Issued	0	0
Additional paid-in-capital	1,402,384	1,400,479
Treasury stock, at cost	0	0
Accumulated deficit	(729,809)	(555,895)
Accumulated other comprehensive loss	(223,603)	(209,558)
Total stockholders’ equity	449,377	635,426
Stockholders' Equity Attributable to Noncontrolling Interest	428	428
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	449,805	635,854
Total liabilities and stockholders’ equity	$ 6,635,996	$ 6,861,103

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) (Parenthetical) - $ / shares	Mar. 31, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Common stock par value (in dollars per share)	$ 0.01	$ 0.01
Common stock authorized (in shares)	200,000,000	200,000,000
Common stock issued (in shares)	40,483,375	39,973,202
Common stock outstanding (in shares)	40,483,375	39,973,202
Preferred stock par value (in dollars per share)	$ 0.01
Preferred stock authorized (in shares)	10,000,000
Preferred stock outstanding (in shares)	0	0
Treasury stock (in shares)	0

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenue:
Total revenue	$ 618,482	$ 598,720
Operating (income) costs and expenses:
General and administrative	248,436	251,608
Gain on sale-leaseback	0	(374,186)
Depreciation and amortization	159,746	74,561
Total operating costs and expenses	692,437	221,988
(Loss) income from operations	(73,955)	376,732
Other (expense) income:
Interest expense, net	(73,131)	(63,264)
Other non-operating income, net	4,554	2,610
Total other expense, net	(68,577)	(60,654)
(Loss) income before income taxes	(142,532)	316,078
Provision for income taxes	31,382	137,742
Net (loss) income	$ (173,914)	$ 178,336
Net income per share, basic (in dollars per share)	$ (3.61)	$ 3.28
Weighted average common shares outstanding, basic (in shares)	48,119	54,420
Net income per share, diluted (in dollars per share)	$ (3.61)	$ 3.24
Weighted average common shares outstanding, diluted (in shares)	48,119	55,089
Gaming
Revenue:
Total revenue	$ 516,057	$ 486,895
Operating (income) costs and expenses:
Cost of net revenue	236,144	217,661
Non-Casino
Revenue:
Total revenue	102,425	111,825
Operating (income) costs and expenses:
Cost of net revenue	$ 48,111	$ 52,344

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF OTHER COMPREHENSIVE INCOME (LOSS) (unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Statement of Comprehensive Income [Abstract]
Net loss	$ (173,914)	$ 178,336
Foreign currency translation adjustments	(37,794)	52,073
Net unrealized derivative gain on cash flow hedges, net of tax	12,283	0
Net unrealized derivative gain on net investment hedges, net of tax	11,466	0
Other comprehensive loss	(14,045)	52,073
Net (loss) income	$ (187,959)	$ 230,409

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (unaudited) - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Treasury Stock	Accumulated Deficit	Accumulated Other Comprehensive Loss	Non-controlling Interest
Beginning balance (in shares) at Dec. 31, 2022		46,670,057
Beginning balance at Dec. 31, 2022	$ 806,247	$ 466	$ 1,636,366	$ 0	$ (535,373)	$ (295,640)	$ 428
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Release of restricted stock (in shares)		124,050
Issuance of restricted stock and other stock awards	(1,331)	$ 1	(1,332)
Share-based compensation	6,040		6,040
Retirement of treasury shares	$ 0	$ (10)	(35,987)	19,753	16,244
Share repurchases (in shares)	(1,026,343)	(1,026,343)
Share repurchases	$ (19,753)			(19,753)
Other comprehensive income	52,073					52,073
Net loss	178,336				178,336
Ending balance (in shares) at Mar. 31, 2023		45,767,764
Ending balance at Mar. 31, 2023	$ 1,021,612	$ 457	1,605,087	0	(340,793)	(243,567)	428
Beginning balance (in shares) at Dec. 31, 2023	39,973,202	39,973,202
Beginning balance at Dec. 31, 2023	$ 635,854	$ 400	1,400,479	0	(555,895)	(209,558)	428
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Release of restricted stock (in shares)		423,805
Issuance of restricted stock and other stock awards	(2,774)	$ 4	(2,778)
Share-based compensation	3,058		3,058
Stock issued for equity purchase (in shares)		86,368
Stock Issued During Period, Value, Acquisitions, Net Of Decrease For Tax Withholding Obligation	(124)	$ 1	(125)
Other	1,750		1,750
Other comprehensive income	(14,045)					(14,045)
Net loss	$ (173,914)				(173,914)
Ending balance (in shares) at Mar. 31, 2024	40,483,375	40,483,375
Ending balance at Mar. 31, 2024	$ 449,805	$ 405	$ 1,402,384	$ 0	$ (729,809)	$ (223,603)	$ 428

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Cash flows from operating activities:
Net (loss) income	$ (173,914)	$ 178,336
Adjustments to reconcile net (loss) income to net cash used in operating activities:
Depreciation and amortization	159,746	74,561
Non-cash lease expense	14,222	13,972
Share-based compensation	3,058	6,040
Amortization of debt discount and debt issuance costs	2,877	2,766
Gain on sale-leaseback	0	(374,186)
Gain on extinguishment of debt	0	(4,044)
Deferred income taxes	26,890	58,818
Net gain on assets and liabilities measured at fair value	(3,461)	(310)
Net gain on equity method investments	(555)	(2,100)
Change in value of commercial rights liabilities	0	267
Change in contingent consideration payable	(1,835)	1,206
Foreign exchange (gain) loss	(2,816)	4,308
Other operating activities	1,877	(693)
Changes in operating assets and liabilities	(33,943)	24,947
Net cash used in operating activities	(7,854)	(16,112)
Cash flows from investing activities:
Cash paid for acquisitions, net of cash acquired	208	(38,243)
Proceeds from sale-leaseback	0	411,000
Capital expenditures	(28,053)	(43,678)
Cash paid for capitalized software	(13,583)	(7,143)
Acquisition of gaming licenses	(1,211)	(1,900)
Other investing activities	(762)	(400)
Net cash (used in) provided by investing activities	(43,401)	319,636
Cash flows from financing activities:
Issuance of long-term debt	135,000	0
Repayments of long-term debt	(119,863)	(152,483)
Deferred payables	42,195	0
Share repurchases	0	(19,753)
Other financing activities	(6,005)	(1,332)
Net cash provided by (used in) financing activities	51,327	(173,568)
Effect of foreign currency on cash and cash equivalents	(4,445)	2,819
Change in cash and cash equivalents and restricted cash held for sale	0	(1,097)
Net change in cash and cash equivalents and restricted cash	(4,373)	131,678
Cash and cash equivalents and restricted cash, beginning of period	315,262	265,184
Cash and cash equivalents and restricted cash, end of period	310,889	396,862
Supplemental disclosure of cash flow information:
Cash paid for interest, net of amounts capitalized	100,128	82,724
Income Taxes Paid, Net	(10,410)	6,113
Non-cash investing and financing activities:
Unpaid property and equipment	18,854	32,095
Bally’s Chicago - land development liability	956	142,567
Unpaid internally developed software	633	0
Investment in GLP Capital, L.P.	0	14,412
Investment in RI Joint Venture	$ 0	$ 17,832

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Reconciliation of cash and cash equivalents and restricted cash:
Cash and cash equivalents	$ 169,356	$ 163,194
Restricted cash	141,533	152,068
Total cash and cash equivalents and restricted cash	$ 310,889	$ 315,262	$ 396,862	$ 265,184

GENERAL INFORMATION

GENERAL INFORMATION	3 Months Ended
	Mar. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Operations	GENERAL INFORMATION Description of Business 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 properties within its Casinos & Resorts reportable segment: Casinos & 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”) (2) Biloxi, Mississippi Casino and Resort 2014 Bally’s Tiverton Casino & Hotel (“Bally’s Tiverton”) (2) 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)(4) Las Vegas, Nevada Casino and Resort 2022 Bally’s Chicago Casino (“Bally’s Chicago”) (3) Chicago, Illinois Casino 2023 Bally’s Golf Links at Ferry Point (“Bally’s Golf Links”) Bronx, New York Golf Course 2023 __________________________________ (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 (3) Temporary casino facility as permanent casino resort is constructed. (4) This property closed on April 2, 2024 as part of a plan to redevelop the site with a state-of-the-art integrated resort and ballpark. The Company’s International Interactive reportable segment primarily includes the interactive activities in Europe and Asia of Gamesys Group Ltd. (“Gamesys”), an iCasino and online bingo platform provider and operator. 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. Segment Reportin

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2024
Accounting Policies [Abstract]
Significant Accounting Policies	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying unaudited condensed consolidated financial statements 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 transactions and balances have been eliminated in consolidation. Certain prior year amounts have been reclassified to conform to the current year’s presentation. The financial statements of our foreign subsidiaries are translated into US Dollars (“USD”) using exchange rates in effect at period-end for assets and liabilities and average exchange rates during each reporting period for results of operations. Adjustments resulting from financial statement translations are reflected as a separate component of accumulated other comprehensive loss. Foreign currency transaction gains and losses are included in net loss. The accompanying unaudited condensed consolidated financial statements have been prepared pursuant to the rules of the Securities and Exchange Commission (the “SEC”) for interim financial information, including the instructions to Form 10-Q and Rule 10-01 of the SEC’s Regulation S-X. Accordingly, certain information and note disclosures normally required in complete financial statements prepared in conformity with accounting principles generally accepted in the United States (“GAAP”) have been condensed or omitted. In the Company’s opinion, these condensed consolidated financial statements include all adjustments necessary for a fair presentation of the financial position, results of operations and cash flows for the interim periods presented. These unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023. We have made estimates and judgments affecting the amounts reported in our condensed consolidated financial statements and the accompanying notes. The actual results that we experience may differ materially from our estimates. Equity Method Investments On January 1, 2023, the Company and International Game Technology PLC (“IGT”) contributed certain tangible assets and leases to Rhode Island VLT Company, LLC (the “RI Joint Venture”) in exchange for equity interests of the RI Joint Venture. The Company contributed video lottery terminals (“VLTs”) and player tracking equipment to the joint venture for a 40% equity interest of the RI Joint Venture. The 40% ownership in the joint venture qualifies for equity method accounting. In addition to this joint venture, the Company also has other investments in unconsolidated subsidiaries, which are accounted for using equity method accounting. The Company records its share of net income or loss within “Other non-operating income, net” in the condensed consolidated statements of operations. For the three months ended March 31, 2024 and 2023, the Company recorded a gain on equity method investments of $0.6 million and $2.1 million, respectively. 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. (“Breckenridge”) 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 Breckenridge, the Company has the power to direct the activities of Breckenridge that most significantly impact its economic performance through various contracts with the entity and (b) the nature of these agreements between Breckenridge 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 Breckenridge and its subsidiaries in the accompanying condensed consolidated financial statements. As of March 31, 2024 and December 31, 2023, Breckenridge had total assets of $154.9 million and $161.3 million, respectively, and total liabilities of $85.5 million and $87.7 million, respectively. Breckenridge had revenues of $61.9 million and $84.0 million for the three months ended March 31, 2024 and 2023, 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. 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 cash collateral in connection with amounts due to the Chicago Tribune (refer to Note 8 “ Property and Equipment Accounts Receivable, Net Accounts receivable, net consists of the following: March 31, December 31, (in thousands) 2024 2023 Amounts due from Rhode Island and Delaware (1) $ 14,791 $ 13,028 Gaming receivables 25,427 26,127 Non-gaming receivables 33,131 37,221 Accounts receivable 73,349 76,376 Less: Allowance for credit losses (6,418) (6,048) Accounts receivable, net $ 66,931 $ 70,328 __________________________________ (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 for Bally’s Dover from the State of Delaware. Deferred Payables In order to execute on its strategy of improving working capital efficiency, the Company will, from time to time, participate in trade finance or deferred payable initiatives, including programs that may securitize or accelerate liquidity realized from receivables, or alternatively extend trade terms with certain suppliers or vendors. In certain cases, where the Company is not able to extend payment terms directly with suppliers or vendors, the Company will consider deferred payable solutions that simulate such trade term extensions. These solutions generally involve entering into exchange agreements with intermediary institutions who will make payment to the supplier or vendor within the original terms on behalf of the Company, in exchange for a new bill with terms that conforms to the Company’s payment policy of net 90 days. The Company will then pay the new bill to the intermediary institutions, inclusive of any embedded premium, which the Company records as Interest expense, net, within three months or less. Amounts outstanding under these deferred payable arrangements were $41.9 million as of March 31, 2024 and are included in Accrued and other current liabilities on the condensed consolidated balance sheets. For the three months ended March 31, 2024, the Company incurred $0.8 million of interest expense under these arrangements. There was no interest expense incurred under these arrangements for the three months ended March 31, 2023. 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 condensed consolidated statements of operations and were $46.2 million and $45.9 million for the three months ended March 31, 2024 and 2023, respectively. 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 Expense The Company expenses advertising costs as incurred. For the three months ended March 31, 2024 and 2023, advertising expense was $5.6 million and $5.4 million, respectively. Advertising costs are included in “General and administrative” on the condensed consolidated statements of operations. Share-Based Compensation The Company recognized total share-based compensation expense of $3.1 million and $6.0 million for the three months ended March 31, 2024 and 2023, respectively. The total income tax benefit for share-based compensation arrangements was $0.8 million and $1.6 million for the three months ended March 31, 2024 and 2023, respectively. Strategic Partnership - Sinclair Broadcast Group In 2020, the Company and Sinclair Broadcast Group, Inc. (“Sinclair”) entered into a Framework Agreement (the “Framework Agreement”), which provides for a long-term strategic relationship between Sinclair and the Company. Under the Framework Agreement, the Company issued warrants and options and agreed to share tax benefits and received naming, integration and other rights, including access to Sinclair’s Tennis Channel, Stadium Sports Network and STIRR streaming service. Under a Commercial Agreement (the “Commercial Agreement”) contemplated by the Framework Agreement, the Company paid annual fees to Diamond Sports Group (“Diamond”), a Sinclair subsidiary, for naming rights over Diamond’s regional sports networks (“RSNs”) and other consideration. The Company accounted for this relationship 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 total intangible asset (“Commercial rights intangible asset”) represents the present value of the naming rights fees and other consideration, including the fair value of the warrants and options, and an estimate of the tax-sharing payments, each explained below. The Commercial rights intangible asset, net of accumulated amortization, was $218.2 million and $225.9 million as of March 31, 2024 and December 31, 2023, respectively. Amortization was $7.8 million and $7.7 million for the three months ended March 31, 2024 and 2023, respectively. Refer to Note 9 “ Goodwill and Intangible Assets The present value of the naming rights fees was recorded as part of intangible assets, with a corresponding liability, which will be accreted through interest expense. As of December 31, 2023, the total value of the liability was $57.7 million, with $8.0 million recorded within “Accrued and other current liabilities” related to the short-term portion of the liability, and $49.7 million related to the long-term portion of the liability reflected as “Commercial rights liability” in the condensed consolidated balance sheets. Accretion expense reported in “Interest expense, net” in our condensed consolidated statements of operations was $1.1 million for the three months ended March 31, 2023. In the first quarter of 2024, the Company’s obligation to pay Diamond for the naming rights terminated upon the bankruptcy court’s approval of certain settlement terms, which the court approved on March 1, 2024. Refer to Note 17 “ Commitments and Contingencies Under the Framework Agreement, 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 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 condensed consolidated balance sheets, with an offset to the Commercial rights intangible asset. 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. Refer to Note 11 “ Fair Value Measurements Under the Framework Agreement, the Company agreed to share 60% of the tax benefits it realizes from the Penny Warrants, Options, Performance Warrants and other related payments. Changes in the estimate of the tax benefit to be realized and tax rates in effect at the time, among other changes, are treated as an adjustment to the intangible asset. The liability for these obligations was $17.7 million and $19.1 million as of March 31, 2024 and December 31, 2023, respectively, and is reflected in Commercial rights liabilities within our condensed consolidated balance sheets. Provision for Income Taxes During the three months ended March 31, 2024 and 2023, the Company recorded a provision for income tax of $31.4 million, at an effective year to date tax rate of (22.0)% and a provision for income tax of $137.7 million, at an effective year to date tax rate of 43.6%, respectively. The 2024 year to date effective tax rate differed from the US federal statutory tax rate of 21%, creating a provision for income tax on the Company’s Loss before income taxes, largely due to an increase in the valuation allowance, coupled with a tax liability for foreign discrete items. The 2023 year to date effective tax rate was higher than the US federal statutory tax rate of 21%, largely due to an increase in the valuation allowance and a tax liability for a discrete item related to the deferred gain on sale leaseback transactions in Mississippi and Rhode Island.

CONSOLIDATED FINANCIAL INFORMAT

CONSOLIDATED FINANCIAL INFORMATION	3 Months Ended
	Mar. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
CONSOLIDATED FINANCIAL INFORMATION	CONSOLIDATED FINANCIAL INFORMATION General and Administrative Expense Amounts included in General and administrative for the three months ended March 31, 2024 and 2023 were as follows: Three Months Ended (in thousands) 2024 2023 Advertising, general and administrative $ 224,971 $ 221,005 Acquisition and integration 4,852 13,781 Restructuring 18,613 16,822 Total general and administrative $ 248,436 $ 251,608 Other Non-Operating Income, Net Amounts included in Other non-operating income, net for the three months ended March 31, 2024 and 2023 were as follows: Three Months Ended (in thousands) 2024 2023 Change in value of commercial rights liabilities $ — $ (267) Net gain on equity method investments 555 2,100 Gain on extinguishment of debt — 4,044 Foreign exchange gain (loss) 2,816 (4,308) Other, net 1,183 1,041 Total other non-operating income, net $ 4,554 $ 2,610

RECENTLY ADOPTED AND ISSUED ACC

RECENTLY ADOPTED AND ISSUED ACCOUNTING PRONOUNCEMENTS	3 Months Ended
	Mar. 31, 2024
Accounting Policies [Abstract]
RECENTLY ADOPTED AND ISSUED ACCOUNTING PRONOUNCEMENTS	RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS Standards to Be Implemented In October 2023, the FASB issued ASU No. 2023-06, Disclosure Improvements - Codification Amendments in Response to the SEC’s Disclosure Update and Simplification Initiative . The amendments in this update align the requirements in the ASC to the SEC’s regulations. The effective date for each amended topic in the ASC is the date on which the SEC’s removal of the related disclosure requirement from Regulation S-X or Regulation S-K becomes effective. If by June 30, 2027, the SEC has not removed the related disclosure from its regulations, the amendments will be removed from the Codification and not become effective. Early adoption is prohibited. The Company is currently in the process of evaluating the impact of this amendment on its condensed consolidated financial statements and related disclosures. In November 2023, the FASB issued ASU No. 2023-07, Segment Reporting (Topic 280) - Improvements to Reportable Segment Disclosures . The amendments in this update enhance the disclosures required for significant segment expenses on an annual and interim basis. The guidance will apply retrospectively and is effective for annual reporting periods in fiscal years beginning after December 15, 2023, and interim reporting periods in fiscal years beginning after December 31, 2024. The Company is currently in the process of evaluating the impact of this amendment on its condensed consolidated financial statements and related disclosures. In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740) - Improvements to Income Tax Disclosures . The amendments in this update enhance the transparency and decision usefulness of income tax disclosures. This update will be effective for annual periods beginning after December 15, 2024, with early adoption permitted. The Company is currently in the process of evaluating the impact of this amendment on its condensed consolidated financial statements and related disclosures. In March 2024, the FASB issued ASU 2024-02, Codification Improvements - Amendments to Remove References to the Concepts Statements . This amendment to the Codification removes references to various Concepts Statements. This update will be effective for public business entities for fiscal years beginning after December 15, 2024, with early adoption permitted if adopted as of the beginning of the fiscal year that includes that interim period. The Company is currently in the process of evaluating the impact of this amendment on its condensed consolidated financial statements and related disclosures.

REVENUE RECOGNITION

REVENUE RECOGNITION	3 Months Ended
	Mar. 31, 2024
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 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. Bally’s Tiverton is entitled to receive a percentage of VLT revenue that is equivalent to the percentage received by Bally’s Twin River. From July 1, 2021 through December 31, 2022, Bally’s Twin River and Bally’s Tiverton were entitled to an additional 7.00% share of revenue, as the Technology Provider, on VLTs owned by the Company. Beginning on January 1, 2023, the Company contributed all of its VLT assets to the RI Joint Venture and the RI Joint Venture, as the sole Technology Provider, is now entitled to that additional 7.00% of VLT revenue. 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 March 31, 2024 and 2023. 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 March 31, 2024 and 2023, 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 The Company’s online gaming operations, similar to land-based casinos, generates revenue from player wagers net of payouts and incentives awarded to players. 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 three months ended March 31, 2024 and 2023. Deferred revenue associated with third-party operators for online sports betting and iGaming market access was $3.6 million and $3.7 million as of March 31, 2024 and December 31, 2023, respectively, and is included in “Accrued and other current liabilities” and “Other long-term liabilities” in the condensed consolidated balance sheets. Racing Racing revenue includes several of our casinos and resorts’ 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 when the customer obtains control through occupancy of the room over their stay at the hotel. 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. Other revenue includes cancellation fees for hotel and meeting space services, which are recognized upon cancellation by the customer, and golf revenues from the Company’s operations of Bally’s Golf Links, which are recognized at the time of sale. Additionally, other revenue includes market access and business-to-business service revenue generated by the International Interactive and North America Interactive reportable segments, which is recognized at the time the goods are sold or the service is provided, and are included in Non-gaming revenue within our condensed 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 three months ended March 31, 2024 and 2023: Three Months Ended (in thousands) 2024 2023 Hotel $ 20,479 $ 22,435 Food and beverage 20,213 19,474 Retail, entertainment and other 2,428 2,591 $ 43,120 $ 44,500 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 tables provide a disaggregation of revenue by segment (in thousands): Three Months Ended March 31, 2024 Casinos & Resorts International Interactive North America Interactive Total Gaming $ 250,418 $ 231,267 $ 34,372 $ 516,057 Non-gaming: Hotel 41,090 — — 41,090 Food and beverage 34,952 — — 34,952 Retail, entertainment and other 15,869 3,416 7,098 26,383 Total non-gaming revenue 91,911 3,416 7,098 102,425 Total revenue $ 342,329 $ 234,683 $ 41,470 $ 618,482 Three Months Ended March 31, 2023 Gaming $ 233,107 $ 237,181 $ 16,607 $ 486,895 Non-gaming: Hotel 47,332 — — 47,332 Food and beverage 33,608 — — 33,608 Retail, entertainment and other 14,739 8,391 7,755 30,885 Total non-gaming revenue 95,679 8,391 7,755 111,825 Total revenue $ 328,786 $ 245,572 $ 24,362 $ 598,720 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 $35.5 million and $38.5 million as of March 31, 2024 and December 31, 2023, 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 and other current liabilities” in the condensed consolidated balance sheets. 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 and sports betting tickets. Liabilities related to contracts with customers as of March 31, 2024 and December 31, 2023 were as follows: March 31, December 31, (in thousands) 2024 2023 Loyalty programs $ 15,349 $ 16,803 Advanced deposits from customers 28,141 29,052 Unpaid wagers 18,619 20,481 Total $ 62,109 $ 66,336 The Company recognized $7.6 million and $5.9 million of revenue related to loyalty program redemptions for the three months ended March 31, 2024 and 2023, respectively.

BUSINESS COMBINATIONS

BUSINESS COMBINATIONS	3 Months Ended
	Mar. 31, 2024
Business Combination and Asset Acquisition [Abstract]
ACQUISITIONS	BUSINESS COMBINATIONS Casinos & Resorts Acquisitions Bally’s Golf Links - On September 12, 2023, the Company completed the acquisition of Trump Golf Links at Ferry Point, subsequently renamed Bally’s Golf Links at Ferry Point, which includes the assignment of a license agreement to operate an 18-hole links-style golf course located in the Bronx, New York. The total purchase consideration included cash paid, net of cash acquired and net working capital adjustments, which amounted to $55.0 million. This acquisition continues the Company’s strategic objective of developing a diversified portfolio within its Casinos & Resorts segment. Total purchase consideration also included contingent consideration valued at $58.6 million, the fair value at acquisition date, under GAAP, of expected cash payments totaling up to $125 million to the seller, based upon future events, which are uncertain. The contingent consideration was recorded at fair value, using discounted cash flow analyses, and will be remeasured quarterly, with fair value adjustments recognized in earnings, until the contingencies are resolved. The settlement of the contingent consideration liabilities will be due to the seller in the event the license agreement is extended or if the Company is successful in its bid for a casino license. The following table summarizes the consideration paid and the fair values of the assets acquired and liabilities assumed in connection with the Casinos & Resorts acquisition as of March 31, 2024: Bally’s Golf Links (in thousands) Preliminary (2) Total current assets $ 1,108 Property and equipment, net 505 Intangible assets, net (1) 6,500 Other assets 2,000 Goodwill 103,824 Total current liabilities (345) Total purchase price $ 113,592 __________________________________ (1) Bally’s Golf Links’ intangible assets include a concessionaire license of $6.5 million, which is being amortized over its estimated useful life of approximately 12 years. (2) The Company recorded adjustments to the preliminary purchase price allocation during the three months ended March 31, 2024 which decreased Goodwill and the total purchase price by $0.2 million. 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 acquisitions. Qualitative factors that contribute to the recognition of goodwill include expected synergies from integrating the business into the Company’s casino portfolio and future development of its omni-channel strategy. The Company incurred $0.2 million of acquisition costs related to the above Casinos & Resorts acquisition during the three months ended March 31, 2024. There were no acquisition costs related to the above Casinos & Resorts acquisition during the three months ended March 31, 2023. These costs are included within “General and administrative” of the condensed consolidated statements of operations. International Interactive Acquisition Casino Secret - On January 5, 2023, the Company completed the acquisition of BACA Limited (“Casino Secret”), a European based online casino that offers slots, tables and live dealer games to Asian markets for total consideration of $50.4 million. Cash paid by the Company, net of $8.3 million cash acquired, was $38.7 million, 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 International Interactive acquisition: (in thousands) Casino Secret Final (2) Total current assets $ 8,862 Property and equipment, net 50 Intangible assets, net (1) 29,471 Goodwill 18,422 Total current liabilities (6,371) Total purchase price $ 50,434 __________________________________ (1) Casino Secret intangible assets include player relationships and trade names of $26.0 million and $3.5 million, respectively, which are both being amortized on a straight-line basis over their estimated useful lives of approximately 7 years. (2) The Company did not record adjustments to the preliminary purchase price allocation during the three months ended March 31, 2024. Total goodwill recorded in connection with the above acquisition was $18.4 million, and is not 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 International Interactive reportable segment. The goodwill of the acquisition has been assigned, as of the acquisition date, to the Company’s International Interactive reportable segment. The Company incurred $1.2 million of acquisition costs related to the above International Interactive acquisition during the three months ended March 31, 2023. There were no acquisition costs related to the International Interactive acquisition during the three months ended March 31, 2024. These costs are included within “General and administrative” of the condensed consolidated statements of operations.

PREPAID EXPENSES AND OTHER ASSE

PREPAID EXPENSES AND OTHER ASSETS	3 Months Ended
	Mar. 31, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Other Assets Disclosure	PREPAID EXPENSES AND OTHER CURRENT ASSETS As of March 31, 2024 and December 31, 2023, prepaid expenses and other current assets was comprised of the following: March 31, December 31, (in thousands) 2024 2023 Services and license agreements $ 40,975 $ 32,466 Short term derivative assets 11,031 9,530 Due from payment service providers 10,606 12,662 Prepaid marketing 14,519 8,685 Prepaid insurance 7,497 12,181 Gaming taxes and licenses 6,535 9,309 Sales tax 6,204 7,565 Purse funds 483 6,404 Other 12,257 9,294 Total prepaid expenses and other current assets $ 110,107 $ 108,096

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT	3 Months Ended
	Mar. 31, 2024
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment Disclosure	PROPERTY AND EQUIPMENT As of March 31, 2024 and December 31, 2023, property and equipment was comprised of the following: March 31, December 31, (in thousands) 2024 2023 Land $ 238,997 $ 238,997 Land improvements 163,215 162,211 Building and improvements 676,431 673,071 Equipment 270,634 264,398 Furniture and fixtures 69,171 68,746 Construction in process 86,537 73,810 Total property, plant and equipment 1,504,985 1,481,233 Less: Accumulated depreciation (404,252) (306,345) Property and equipment, net $ 1,100,733 $ 1,174,888 Depreciation expense relating to property and equipment was $99.5 million for the three months ended March 31, 2024, and $18.7 million for the three months ended March 31, 2023. Depreciation expense during the three months ended March 31, 2024 included $80.1 million of accelerated depreciation related to the closure of the Tropicana Las Vegas property. Refer to Note 13 “ Restructuring Expens e Bally’s Chicago A wholly-owned indirect subsidiary of the Company, Bally’s Chicago Operating Company, LLC entered into a Lease Termination and Short Term License Agreement with Chicago Tribune Company, LLC (“Tribune”), effective March 31, 2023, which, among other things, provides that the Company will have possession of 777 West Chicago Avenue, Chicago, Illinois 60610 on or before July 5, 2024, subject to $150 million in payments by the Company to Tribune payable in full upon Tribune vacating the site on or prior to July 5, 2024 (the “Payment”). $10 million of the Payment was paid upon execution of the Lease Termination and Short Term License Agreement and $90 million of the Payment was paid during the third quarter of 2023. The balance Payment amount of $50 million is secured by cash-collateralized letters of credit, issued by Citizens Bank. Cash collaterals are reported as restricted cash as of March 31, 2024. The Company recorded the present value of the remaining payments of $48.7 million within “Accrued and other current liabilities” with an offsetting increase to “Property and equipment, net” within the condensed consolidated balance sheets as of March 31, 2024.

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS	3 Months Ended
	Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND INTANGIBLE ASSETS	GOODWILL AND INTANGIBLE ASSETS The change in carrying value of goodwill by reportable segment for the three months ended March 31, 2024 is as follows (in thousands): Casinos & Resorts International Interactive North America Interactive Total Goodwill as of December 31, 2023 (1) $ 313,493 $ 1,586,590 $ 35,720 $ 1,935,803 Effect of foreign exchange — (20,647) (95) (20,742) Purchase accounting adjustments on prior year business acquisition (208) — — (208) Goodwill as of March 31, 2024 (1) $ 313,285 $ 1,565,943 $ 35,625 $ 1,914,853 __________________________________ (1) Amounts are shown net of accumulated goodwill impairment charges of $5.4 million and $140.4 million for Casinos & Resorts and North America Interactive, respectively. The change in intangible assets, net for the three months ended March 31, 2024 is as follows (in thousands): Intangible assets, net as of December 31, 2023 $ 1,871,428 Effect of foreign exchange (13,582) Internally developed software 12,325 Other intangibles acquired 2,727 Less: Accumulated amortization (60,260) Intangible assets, net as of March 31, 2024 $ 1,812,638 The Company’s identifiable intangible assets consist of the following: March 31, 2024 (in thousands, except years) Gross Carrying Amount Accumulated Net Amortizable intangible assets: Commercial rights - Sinclair (1) $ 315,847 $ (97,692) $ 218,155 Trade names 37,375 (19,480) 17,895 Hard Rock license 8,000 (2,364) 5,636 Customer relationships 960,366 (345,407) 614,959 Developed technology 264,206 (94,359) 169,847 Internally developed software 72,752 (15,397) 57,355 Gaming licenses 46,316 (14,152) 32,164 Other 11,491 (4,131) 7,360 Total amortizable intangible assets 1,716,353 (592,982) 1,123,371 Intangible assets not subject to amortization: Gaming licenses 586,971 — 586,971 Trade names 99,781 — 99,781 Other 2,515 — 2,515 Total unamortizable intangible assets 689,267 — 689,267 Total intangible assets, net $ 2,405,620 $ (592,982) $ 1,812,638 __________________________________ (1) Commercial rights intangible asset in connection with the Framework Agreement. Refer to Note 2 “ S ummary of S ig nificant Accounting Policies December 31, 2023 (in thousands, except years) Gross Carrying Amount Accumulated Net Amortizable intangible assets: Commercial rights - Sinclair (2) $ 315,847 $ (89,901) $ 225,946 Trade names 37,042 (18,125) 18,917 Hard Rock license 8,000 (2,303) 5,697 Customer relationships 974,286 (314,053) 660,233 Developed technology 267,927 (86,119) 181,808 Internally developed software 61,687 (13,091) 48,596 Gaming licenses 45,008 (11,964) 33,044 Other 11,505 (3,621) 7,884 Total amortizable intangible assets 1,721,302 (539,177) 1,182,125 Intangible assets not subject to amortization: Gaming licenses 586,971 — 586,971 Trade names 100,544 — 100,544 Other 1,788 — 1,788 Total unamortizable intangible assets 689,303 — 689,303 Total intangible assets, net $ 2,410,605 $ (539,177) $ 1,871,428 __________________________________ (2) See note (1) above. Amortization of intangible assets was approximately $60.3 million and $55.9 million for the three months ended March 31, 2024 and 2023, respectively. The following table reflects the remaining amortization expense associated with the finite-lived intangible assets as of March 31, 2024: (in thousands) Remaining 2024 $ 173,834 2025 229,551 2026 227,776 2027 226,743 2028 170,953 Thereafter 94,514 Total $ 1,123,371

DERIVATIVE INSTRUMENTS

DERIVATIVE INSTRUMENTS	3 Months Ended
	Mar. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE INSTRUMENTS	DERIVATIVE INSTRUMENTS The Company utilizes derivative instruments in order to mitigate interest rate and currency exchange rate risk in accordance with its financial risk and liability management policy. In 2023, the Company entered into a series of interest rate contracts and cross currency swap derivative transactions with multiple bank counterparties in order to synthetically convert a notional aggregate amount of $500.0 million of the Company’s USD denominated variable rate Term Loan Facility, as disclosed in Note 14 “ Long-Term Debt Derivative Instruments Designated as Hedging Instruments Net Investment Hedges Cross Currency Swaps - The Company is exposed to fluctuations in foreign exchange rates on investments it holds in its European foreign entities. The Company uses fixed and fixed-cross-currency swaps to hedge its exposure to changes in the foreign exchange rate on its foreign investment in Europe and their exposure to changes in the EUR-GBP exchange rate. Currency forward agreements involve fixing the USD-EUR exchange rate for delivery of a specified amount of foreign currency on a specified date. The currency forward agreements are typically cash settled in USD for their fair value at or close to their settlement date. Cross-currency swaps involve the receipt of functional-currency-fixed-rate amounts from a counterparty in exchange for the Company making foreign-currency-fixed-rate payments over the life of the agreement. These derivative arrangements qualify as net investment hedges under ASC 815, with the gain or loss resulting from changes in the spot value of the derivative reported in other comprehensive income (loss). Amounts are reclassified out of other comprehensive income (loss) into earnings when the hedged net investment is either sold or substantially liquidated. Additionally, the accrual of foreign currency and USD denominated coupons will be recognized in “Interest expense, net” in the condensed consolidated statements of operations. Refer to Note 11 “ Fair Value Measurements Stockholders’ Equity The following tables summarize the Company’s net investment hedges as of March 31, 2024 and December 31, 2023 (in thousands): Net Investment Hedges Notional Sold Notional Purchased Cross currency swaps € 461,595 £ 387,531 Cross currency swaps £ 546,759 $ 700,000 Cash Flow Hedges Interest Rate Contracts - The Company’s objectives in using interest rate derivatives are to hedge its exposure to variability in cash flows on a portion of its floating-rate debt, to add stability to interest expense and to manage its exposure to interest rate movements. To accomplish these objectives, the Company primarily uses interest rate swaps and collars as part of its financial risk and liability management policy. The Company’s interest rate swaps and collars are designated as cash flow hedges under ASC 815. The changes in the fair value of these instruments are recorded as a component of accumulated other comprehensive income (loss) and reclassified into “Interest expense, net” in the condensed consolidated statements of operations in the same period in which the hedged interest payments associated with the Company’s borrowings are recorded. Refer to Note 11 “ Fair Value Measurements Stockholders’ Equity The following table summarizes the Company’s cash flow hedges as of March 31, 2024 and December 31, 2023 (in thousands): Cash Flow Hedges Notional Amount Index Cap Floor (1) Interest rate contracts - swaps $ 500,000 US - SOFR $— $— Interest rate contracts - collars $ 500,000 US - SOFR 4.25% 3.22% __________________________________ (1) Weighted average rate.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	3 Months Ended
	Mar. 31, 2024
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: March 31, 2024 (in thousands) Balance Sheet Location Level 1 Level 2 Level 3 Assets: Cash and cash equivalents Cash and cash equivalents $ 169,356 $ — $ — Restricted cash Restricted cash 141,533 — — Convertible loans Other assets — — 4,082 Investments in equity securities Other assets 3,391 — — Investment in GLPI partnership Other assets — 13,206 — Derivative assets designated as hedging instruments: Interest rate contracts Prepaid expenses and other current assets — 6,612 — Interest rate contracts Other assets — 408 — Cross currency swaps Prepaid expenses and other current assets — 4,419 — Cross currency swaps Other assets — 6,929 — Total derivative assets at fair value — 18,368 — Total assets $ 314,280 $ 31,574 $ 4,082 Liabilities: Contingent consideration Other long-term liabilities $ — $ — $ 56,745 Derivative liabilities not designated as hedging instruments: Sinclair Performance Warrants Commercial rights liabilities — — 44,703 Derivative liabilities designated as hedging instruments: Interest rate contracts Other long-term liabilities — 5,616 — Cross currency swaps Accrued and other current liabilities — 1,000 — Cross currency swaps Other long-term liabilities — 24,874 — Total derivative liabilities at fair value — 31,490 44,703 Total liabilities $ — $ 31,490 $ 101,448 December 31, 2023 (in thousands) Balance Sheet Location Level 1 Level 2 Level 3 Assets: Cash and cash equivalents Cash and cash equivalents $ 163,194 $ — $ — Restricted cash Restricted cash 152,068 — — Convertible loans Other assets — — 4,115 Investments in equity securities Other assets 3,409 — — Investment in GLPI partnership Other assets — 14,146 — Derivative assets designated as hedging instruments: Interest rate contracts Prepaid expenses and other current assets — 5,356 — Cross currency swaps Prepaid expenses and other current assets — 4,174 — Cross currency swaps Other assets — 6,477 — Total derivative assets at fair value — 16,007 — Total assets $ 318,671 $ 30,153 $ 4,115 Liabilities: Contingent consideration Other long-term liabilities $ — $ — $ 58,580 Derivatives not designated as hedging instruments Sinclair Performance Warrants Commercial rights liabilities — — 44,703 Derivative liabilities designated as hedging instruments: Interest rate contracts Other long-term liabilities — 21,492 — Cross currency swaps Accrued and other current liabilities — 1,225 — Cross currency swaps Other long-term liabilities — 29,376 — Total derivative liabilities at fair value — 52,093 44,703 Total liabilities $ — $ 52,093 $ 103,283 The following tables summarize the changes in fair value of the Company’s Level 3 assets and liabilities: (in thousands) Sinclair Performance Warrants Contingent Consideration Convertible Loans Beginning as of December 31, 2023 $ 44,703 $ 58,580 $ 4,115 Change in fair value — (1,835) (33) Ending as of March 31, 2024 $ 44,703 $ 56,745 $ 4,082 (in thousands) Sinclair Performance Warrants Contingent Consideration Convertible Loans Beginning as of December 31, 2022 $ 36,987 $ 8,220 $ 10,212 Additions in the period (acquisition fair value) — — 500 Change in fair value 267 1,241 126 Ending as of March 31, 2023 $ 37,254 $ 9,461 $ 10,838 The gains (losses) recognized in the condensed consolidated statements of operations for derivative instruments during the three months ended March 31, 2024 and 2023 are as follows: Condensed Consolidated Statements of Operations Location Three Months Ended (in thousands) 2024 2023 Derivatives not designated as hedging instruments Sinclair Performance Warrants Other non-operating income, net $ — $ (267) Derivatives designated as hedging instruments Interest rate contracts Interest expense, net $ (2,886) $ — Cross currency swaps Interest expense, net (1,211) — Interest Rate Contracts and Cross Currency Swaps The fair values of interest rate contracts and cross currency swap assets and liabilities are classified within Level 2 of the fair value hierarchy as the valuation inputs are based on estimates using currency spot and forward rates and standard pricing models that consider the value of future cash flows as of the balance sheet date, discounted to a present value using discount factors that match both the time to maturity and currency of the underlying instruments. These standard pricing models utilize inputs that are derived from or corroborated by observable market data such as interest rate yield curves as well as currency spot and forward rates. Changes in the fair value of these contracts are reported as a component of other comprehensive income (loss). 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 between 40% and 67%, risk free rates between 3.84% and 4.79%, the Company’s common stock price for each period and expected terms between 1.5 and 6.3 years. The fair value is recorded within “Commercial rights liabilities” of the condensed consolidated balance sheets. Contingent Consideration Contingent consideration related to acquisitions is recorded at fair value as a liability on the acquisition date and subsequently 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. The remeasurements are based primarily on the expected probability of achievement of the contingency targets which are subject to management’s estimates. These changes in fair value are recognized within “Other, non-operating expenses, net” of the condensed consolidated statements of operations. In connection with the acquisitions of SportCaller and Monkey Knife Fight (“MKF”) in the first quarter of 2021, the Company recorded contingent consideration of $58.7 million. During the second quarter of 2023, the Company, in satisfaction of contingencies related to the respective acquisition agreements, settled the remaining contingent consideration of $9.3 million, comprised of 386,926 immediately exercisable penny warrants, 103,656 shares of Bally’s Corporation common stock and a de minimis payment in cash. In connection with the acquisition of Bally’s Golf Links on September 12, 2023, the Company recorded contingent consideration, which was valued at $56.7 million as of March 31, 2024. Refer to 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 instruments within “Other assets” at their fair value. The fair value of the loans to vendors have share values based on unobservable inputs and are classified within Level 3 of the hierarchy, with changes to fair value included within “Other non-operating expenses, net” of the condensed consolidated statements of operations. Investments 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 condensed consolidated statements of operations. Investment in GLPI Partnership The Company holds a limited partnership interest in GLP Capital, L.P., the operating partnership of GLPI. The investment is reported at fair value based on Level 2 inputs, with changes to fair value included within “Other non-operating expenses, net” of the condensed 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 March 31, 2024 December 31, 2023 (in thousands) Carrying Amount Fair Value Carrying Amount Fair Value Term Loan Facility $ 1,868,169 $ 1,869,226 $ 1,871,330 $ 1,888,100 5.625% Senior Notes due 2029 736,953 577,500 736,447 596,250 5.875% Senior Notes due 2031 720,248 542,063 719,858 570,544

ACCRUED LIABILITIES

ACCRUED LIABILITIES	3 Months Ended
	Mar. 31, 2024
Payables and Accruals [Abstract]
ACCRUED LIABILTIES	ACCRUED AND OTHER CURRENT LIABILITIES As of March 31, 2024 and December 31, 2023, accrued and other current liabilities consisted of the following: (in thousands) March 31, December 31, Gaming liabilities $ 169,139 $ 177,557 Diamond Sports Group non-cash liability (1) 202,572 144,883 Compensation 89,702 83,112 Bally’s Chicago - land development liability 48,695 47,739 Interest payable 44,238 66,587 Other 148,214 131,841 Total accrued and other current liabilities $ 702,560 $ 651,719 __________________________________ (1) Refer to Note 17 “ Commitments and Contingencies

RESTRUCTURING

RESTRUCTURING	3 Months Ended
	Mar. 31, 2024
Restructuring and Related Activities [Abstract]
ACQUISITION, INTEGRATION AND RESTRUCTURING	RESTRUCTURING EXPENSE 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 which included a reduction of the Company’s then current Interactive workforce by up to 15 percent. In furtherance of and as an expansion of the January 2023 restructuring plan, on October 20, 2023, the Company announced further restructuring initiatives targeted at reshaping the technology utilized by its Interactive segments. On January 29, 2024, the Company announced that it will cease its operations at the Tropicana Las Vegas on April 2, 2024 in order to redevelop the site with a state-of-the-art integrated resort and ballpark. As a result of the closure, the Company incurred restructuring charges representing employee related severance costs and accelerated depreciation of certain property and equipment. The components of restructuring charges by segment for the three months ended March 31, 2024 are summarized as follows: (in thousands) Casinos & Resorts International Interactive North America Interactive Other Total Severance and employee related benefits (1) $ 19,655 $ 52 $ (1,479) $ 385 $ 18,613 Accelerated depreciation expense (2) 80,117 — — — 80,117 Total restructuring charges $ 99,772 $ 52 $ (1,479) $ 385 $ 98,730 __________________________________ (1) Included within “General and administrative” of the condensed consolidated statements of operations. (2) Included within “Depreciation and amortization” of the condensed consolidated statements of operations. The components of restructuring charges by segment for the three months ended March 31, 2023 are summarized as follows: (in thousands) International Interactive North America Interactive Other Total Severance and employee related benefits (1) $ 9,332 $ 5,858 $ 1,632 $ 16,822 __________________________________ (1) Included within “General and administrative” of the condensed consolidated statements of operations. The changes in the Company’s restructuring related liabilities for the three months ended March 31, 2024 and 2023 is as follows: (in thousands) Balance as of December 31, 2023 $ 5,291 Charges 18,613 Payments (2,356) Effect of foreign exchange (850) Balance as of March 31, 2024 $ 20,698 The restructuring liability as of March 31, 2024 and December 31, 2023 is included within “Accrued and other current liabilities” on the condensed consolidated balance sheets.

LONG-TERM DEBT

LONG-TERM DEBT	3 Months Ended
	Mar. 31, 2024
Debt Disclosure [Abstract]
LONG-TERM DEBT	LONG-TERM DEBT As of March 31, 2024 and December 31, 2023, long-term debt consisted of the following: (in thousands) March 31, December 31, Term Loan Facility (1) $ 1,901,238 $ 1,906,100 Revolving Credit Facility 355,000 335,000 5.625% Senior Notes due 2029 750,000 750,000 5.875% Senior Notes due 2031 735,000 735,000 Less: Unamortized original issue discount (22,775) (23,756) Less: Unamortized deferred financing fees (38,093) (39,709) Long-term debt, including current portion 3,680,370 3,662,635 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 $ 3,660,920 $ 3,643,185 __________________________________ (1) The Company has a series of interest rate and cross currency swap derivatives to synthetically convert $500.0 million notional of the Company’s USD denominated variable rate Term Loan Facility into fixed rate debt through its maturity in 2028. Refer to Note 10 “ Derivative Instruments 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 (as defined below). 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. During the three months ended March 31, 2023, the Company repurchased and retired $15.0 million of the 2031 Notes at a weighted average price of 70.80% of the principal. In connection with the repurchase of these 2031 Notes, the Company recorded a gain on extinguishment of debt of $4.0 million recorded within “Other non-operating income, net” in the condensed consolidated statements of operations. The indenture contains covenants that limit the ability of the Company and its restricted subsidiaries to, among other things, (1) incur additional indebtedness, (2) pay dividends on or make distributions in respect of capital stock or make certain other restricted payments or investments, (3) enter into certain transactions with affiliates, (4) sell or otherwise dispose of assets, (5) create or incur liens and (6) 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. As of June 30, 2023, with the discontinuation of the LIBOR reference rate, borrowings under the credit facilities bear interest at a rate equal to, at the Company’s option, either (1) the term Secured Overnight Financing Rate (“SOFR”), 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 SOFR 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 March 31, 2024, the Company was in compliance with all such covenants. Derivative Instruments

LEASES

LEASES	3 Months Ended
	Mar. 31, 2024
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 $1.19 billion and $1.20 billion as of March 31, 2024 and December 31, 2023, respectively, and right of use assets of $1.14 billion and $1.16 billion as of March 31, 2024 and December 31, 2023, respectively, which were included in the condensed consolidated balance sheets. GLPI Leases As of March 31, 2024, the Company’s Bally’s Evansville, Bally’s Dover, Bally’s Quad Cities, Bally’s Black Hawk, Bally’s Tiverton and Hard Rock Biloxi 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, Leases (“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 $100.5 million, subject to minimum 1% annual escalation or greater escalation dependent on CPI. The renewal options are not reasonably certain of exercise as of March 31, 2024. 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 $625.4 million. The transaction was structured as a tax-free capital contribution and a substantial portion of the proceeds was used to reduce the Company’s debt. These properties were added to the Master Lease, increasing minimum annual payments by $48.5 million. During the three months ended March 31, 2023, the Company recorded a gain of $374.2 million representing the difference in the transaction price and the derecognition of assets. This gain is reflected as “Gain from sale-leaseback, net” in the condensed consolidated statements of operations. In addition to the properties under the Master Lease explained above, the Company also entered into a lease with GLPI for the land associated with Tropicana Las Vegas. 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 March 31, 2024. Components of lease expense, included within “General and administrative” in the condensed consolidated statements of operations, for operating leases during the three months ended March 31, 2024 and 2023 are as follows: Three Months Ended (in thousands) 2024 2023 Operating leases: Operating lease cost $ 37,331 $ 36,819 Variable lease cost 2,786 2,470 Operating lease expense 40,117 39,289 Short-term lease expense 5,345 2,326 Total lease expense $ 45,462 $ 41,615 Supplemental cash flow and other information related to operating leases for the three months ended March 31, 2024 and 2023 are as follows: Three Months Ended (in thousands) 2024 2023 Cash paid for amounts included in the lease liability - operating cash flows from operating leases $ 31,549 $ 31,777 Right of use assets obtained in exchange for operating lease liabilities $ — $ 396,565 March 31, 2024 December 31, 2023 Weighted average remaining lease term 17.5 years 17.6 years Weighted average discount rate 7.5 % 7.5 % As of March 31, 2024, future minimum lease payments under noncancelable operating leases are as follows: (in thousands) March 31, 2024 Remaining 2024 $ 105,806 2025 142,729 2026 142,029 2027 136,813 2028 139,087 Thereafter 1,610,537 Total lease payments 2,277,001 Less: present value discount (1,084,100) Lease obligations $ 1,192,901 Future minimum lease payments disclosed in the table above include $87.7 million related to extension options that are reasonably certain of being exercised. 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 liability within ”Long-term portion of financing obligation” of $200.0 million on its condensed consolidated balance sheets as of March 31, 2024 and December 31, 2023. 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 $4.6 million and $4.3 million during the three months ended March 31, 2024 and 2023, respectively. Lessor The Company leases its hotel rooms to patrons and records the corresponding lessor revenue in “ Non-gaming revenue

STOCKHOLDERS_ EQUITY

STOCKHOLDERS’ EQUITY	3 Months Ended
	Mar. 31, 2024
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 March 31, 2024 and December 31, 2023, $95.5 million was available for use under the capital return program. There was no share repurchase activity during the three months ended March 31, 2024. Total share repurchase activity during the three months ended 2023 was as follows: (in thousands, except share and per share data) Three Months Ended Number of common shares repurchased 1,026,343 Total cost $ 19,753 Average cost per share, including commissions $ 19.25 All shares repurchased during the three months ended March 31, 2023 were transferred to treasury stock and all 1,026,343 shares were retired during that same quarter. The shares were returned to the status of authorized but unissued shares. As of March 31, 2024, there were no shares remaining in treasury. There were no cash dividends paid during the three months ended March 31, 2024 and 2023. 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 March 31, 2024 and December 31, 2023, no shares of preferred stock have been issued. Shares Outstanding As of March 31, 2024, the Company had 40,483,375 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 2) 7,911,724 Sinclair Performance Warrants (Note 2) 3,279,337 Sinclair Options (1) (Note 2) 1,639,669 MKF penny warrants (Note 11) 44,128 Telescope contingent shares (Note 11) 8,626 Outstanding awards under Equity Incentive Plans 1,621,053 14,504,537 __________________________________ (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 Framework Agreement. Accumulated Other Comprehensive Income (Loss) The following tables reflect the changes in accumulated other comprehensive loss by component for the three months ended March 31, 2024 and 2023, respectively: (in thousands) Foreign Currency Translation Adjustment Benefit Plans Cash Flow Hedges (1) Net Investment Hedges Total Accumulated other comprehensive income (loss) at December 31, 2023 $ (177,203) $ 886 $ (11,246) $ (21,995) $ (209,558) Other comprehensive income (loss) before reclassifications (37,794) — 20,426 6,526 (10,842) Reclassifications from accumulated other comprehensive income (loss) to earnings — — (2,886) (1,211) (4,097) Tax effect — — (5,257) 6,151 894 Accumulated other comprehensive income (loss) at March 31, 2024 $ (214,997) $ 886 $ 1,037 $ (10,529) $ (223,603) __________________________________ (1) As of March 31, 2024, approximately $7.3 million of existing gains and losses are estimated to be reclassified into earnings within the next 12 months. (in thousands) Foreign Currency Translation Adjustment Benefit Plans Total Accumulated other comprehensive income (loss) at December 31, 2022 $ (295,984) $ 344 $ (295,640) Other comprehensive income 52,073 — 52,073 Accumulated other comprehensive income (loss) at March 31, 2023 $ (243,911) $ 344 $ (243,567)

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Mar. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Litigation Diamond commenced reorganization proceedings under Chapter 11 of the Bankruptcy Code in March 2023. In July 2023, Diamond commenced litigation against Sinclair, Bally’s and others as part of its bankruptcy proceedings, challenging a series of transactions between Sinclair and Diamond. One of the 19 counts in the complaint includes Bally’s as a defendant, alleging that the Commercial Agreement with Sinclair involved fraudulent transfers and unlawful distributions. In the first quarter of 2024, Diamond agreed to settle these claims against all defendants, including Bally’s. Under the settlement terms, Diamond would receive payments from Sinclair and would reject the Commercial Agreement. Bally’s would continue to have naming rights on Diamond’s RSNs through the 2024 major league baseball season at no cost to either party (unless Diamond agrees with a new counterparty that will pay for such naming rights). Bally’s, in turn, would receive a release of all claims Diamond may have against it. Bally’s obligation to pay Diamond for the naming rights terminated upon the bankruptcy court’s approval of the settlement terms, which the court approved on March 1, 2024, and the Company derecognized the rights fees liability against the non-cash liability established at December 31, 2023. Bally’s has recorded a $202.6 million non-cash liability to reflect the effect of the termination of naming rights on its remaining commercial rights intangible asset originally recorded at the time that the arrangement was agreed, which is expected to occur in 2024. The Company is a party to other 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. 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 $85 million in aggregate by 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. As of March 31, 2024, approximately $5.5 million of the commitment to invest in non-hotel projects remains. Bally’s Twin River - Pursuant to 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. As of March 31, 2024, approximately $57.4 million of the commitment remains. Bally’s Chicago - Pursuant to the Host Community Agreement with the City of Chicago, the Company’s indirect subsidiary is required to spend at least $1.34 billion on the design, construction and outfitting of the temporary casino and the permanent resort and casino. The actual cost of the development may exceed this minimum capital investment requirement. In addition, land acquisition costs and financing costs, among other types of costs, are not counted toward meeting this requirement. City of Chicago Guaranty In connection with the Host Community Agreement, entered into 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 agreed to indemnify 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. Bally’s Chicago Casino Fees Under the Illinois Gambling Act, the Company must pay various gaming license fees to the Illinois Gaming Board in connection with the Company’s casino operations. These fees include: (i) a $250,000 land based gaming fee to operate the casino on land prior to commencing operations, (ii) a $250,000 license fee prior to receiving an owners license and gambling operations commence, (iii) gaming position fees equal to the minimum initial fee of $30,000 per gaming position to be paid within 30 days of issuance of an owners license or Temporary Operating Permit (“TOP”), (iv) a $15 million reconciliation fee upon issuance of a TOP or an owners license, whichever is earlier, and (v) a reconciliation fee payment three years after the date operations commenced (in a temporary or permanent facility) in an amount equal to 75% of the adjusted gross receipt (“AGR”) for the most lucrative 12-month period of operations, minus the amount equal to the initial payment per gaming position paid. On September 9, 2023, operations commenced at the Company’s Bally’s Chicago temporary casino, which triggered $135.3 million in such required gaming license fees to be paid to the Illinois Gaming Board, satisfying the Company’s commitment to pay fees (i), (ii), (iii) and (iv). Sponsorship Commitments As of March 31, 2024, the Company has entered into multiple sponsorship agreements with various professional sports leagues and teams. These agreements commit a total of $146.2 million through 2037 and grant the Company rights to use official league marks for branding and promotions, among other benefits. Interactive Technology Commitments The Company has certain multi-year agreements with its various market access and content providers, as well as its online sports betting platform partners, that require the Company to pay variable fees based on revenue, with minimum annual guarantees. As of March 31, 2024, the cumulative minimum obligation committed in these agreements is approximately $46.1 million through 2029.

SEGMENT REPORTING

SEGMENT REPORTING	3 Months Ended
	Mar. 31, 2024
Segment Reporting [Abstract]
SEGMENT REPORTING	The Company has three operating and reportable segments: Casinos & Resorts, International Interactive and North America 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. The Company’s three reportable segments as of March 31, 2024 are: Casinos & Resorts - Includes the Company’s 16 casino and resort properties, one horse racetrack and one golf course. International Interactive - Gamesys’ European and Asian operations. North America Interactive - A portfolio of sports betting, iGaming, and free-to-play gaming brands, and the North American operations of Gamesys. As of March 31, 2024, 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 26% and 10% of total revenue, respectively, for the three months ended March 31, 2024, and approximately 24% and 12%, respectively for the three months ended March 31, 2023. The Company does not have any revenues from any individual customers that exceed 10% of total reported revenues. Beginning in the third quarter of 2023, the Company updated its measure of segment performance to Adjusted EBITDAR (defined below) from Adjusted EBITDA. The prior year results presented below were reclassified to conform to the new segment presentation. Management believes segment Adjusted EBITDAR 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 EBITDAR for the Company’s three reportable segments and reconciles Adjusted EBITDAR on a consolidated basis to net (loss) income. The Other category is included in the following tables in order to reconcile the segment information to the Company’s condensed consolidated financial statements. Three Months Ended (in thousands) 2024 2023 Revenue Casinos & Resorts $ 342,329 $ 328,786 International Interactive 234,683 245,572 North America Interactive 41,470 24,362 Total $ 618,482 $ 598,720 Adjusted EBITDAR (1) Casinos & Resorts $ 89,418 $ 105,123 International Interactive 83,532 80,301 North America Interactive (10,158) (10,563) Other (14,677) (17,268) Total 148,115 157,593 Operating income (costs) and (expense): Rent expense associated with triple net operating leases (2) (31,647) (31,238) Depreciation and amortization (159,746) (74,561) Transaction costs (6,794) (22,018) Restructuring (18,613) (16,822) Share-based compensation (3,058) (6,040) Gain on sale-leaseback — 374,186 Other (2,212) (4,368) (Loss) income from operations (73,955) 376,732 Other (expense) income Interest expense, net of interest income (73,131) (63,264) Other 4,554 2,610 Total other expense, net (68,577) (60,654) (Loss) income before income taxes (142,532) 316,078 Provision for income taxes (31,382) (137,742) Net (loss) income $ (173,914) $ 178,336 __________________________________ (1) Adjusted EBITDAR 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, integration and restructuring expense, 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, plus rent expense associated with triple net operating leases. Adjusted EBITDAR should not be construed as an alternative to GAAP net income, its most directly comparable GAAP measure, nor is it directly comparable to similarly titled measures presented by other companies. (2) Consists primarily of the operating lease components contained within certain triple net leases with GLPI. Refer to Note 15 “ Leases Three Months Ended March 31, (in thousands) 2024 2023 Capital Expenditures Casinos & Resorts $ 9,879 $ 25,225 International Interactive 246 781 North America Interactive 260 526 Other (1) 17,668 17,146 Total $ 28,053 $ 43,678 __________________________________ (1) Includes $17.5 million related to our future Bally’s Chicago permanent facility.

EARNINGS (LOSS) PER SHARE

EARNINGS (LOSS) PER SHARE	3 Months Ended
	Mar. 31, 2024
Earnings Per Share [Abstract]
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. Three Months Ended (in thousands, except per share data) 2024 2023 Net (loss) income applicable to common stockholders $ (173,914) $ 178,336 Weighted average common shares outstanding, basic 48,119 54,420 Weighted average effect of dilutive securities — 669 Weighted average common shares outstanding, diluted 48,119 55,089 Basic earnings per share $ (3.61) $ 3.28 Diluted earnings per share $ (3.61) $ 3.24 There were 5,157,927 and 5,094,394 share-based awards that were considered anti-dilutive for the three months ended March 31, 2024 and 2023, respectively. On November 18, 2020, the Company issued Penny Warrants, Performance Warrants and Options which participate in dividends with the Company’s common stock subject to certain contingencies. In the period in which the contingencies are met, those instruments are participating securities to which income will be allocated using the two-class method. The Performance Warrants and Options do not participate in net losses. The Penny Warrants were considered exercisable for little to no consideration and are therefore included in basic shares outstanding at their issuance date. For the three months ended March 31, 2024 and 2023, the shares underlying the Performance Warrants were anti-dilutive as certain contingencies were not met. Refer to Note 2 “ S ummary of S igni ficant Accounting Policies

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Pay vs Performance Disclosure
Net loss	$ (173,914)	$ 178,336

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Mar. 31, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2024
Accounting Policies [Abstract]
Cash and Cash Equivalents and Restricted Cash	Cash and Cash Equivalents and Restricted Cash
Deferred Charges, Policy	Deferred Payables
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.
Equity Method Investments, Policy	Equity Method Investments On January 1, 2023, the Company and International Game Technology PLC (“IGT”) contributed certain tangible assets and leases to Rhode Island VLT Company, LLC (the “RI Joint Venture”) in exchange for equity interests of the RI Joint Venture. The Company contributed video lottery terminals (“VLTs”) and player tracking equipment to the joint venture for a 40% equity interest of the RI Joint Venture. The 40% ownership in the joint venture qualifies for equity method accounting. In addition to this joint venture, the Company also has other investments in unconsolidated subsidiaries, which are accounted for using equity method accounting. The Company records its share of net income or loss within “Other non-operating income, net” in the condensed consolidated statements of operations. For the three months ended March 31, 2024 and 2023, the Company recorded a gain on equity method investments of $0.6 million and $2.1 million, respectively.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	3 Months Ended
	Mar. 31, 2024
Accounting Policies [Abstract]
Schedule of Accounts Receivable	Accounts receivable, net consists of the following: March 31, December 31, (in thousands) 2024 2023 Amounts due from Rhode Island and Delaware (1) $ 14,791 $ 13,028 Gaming receivables 25,427 26,127 Non-gaming receivables 33,131 37,221 Accounts receivable 73,349 76,376 Less: Allowance for credit losses (6,418) (6,048) Accounts receivable, net $ 66,931 $ 70,328 __________________________________ (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 for Bally’s Dover from the State of Delaware.

CONSOLIDATED FINANCIAL INFORM_2

CONSOLIDATED FINANCIAL INFORMATION (Tables)	3 Months Ended
	Mar. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule Of General And Administrative Expense	Amounts included in General and administrative for the three months ended March 31, 2024 and 2023 were as follows: Three Months Ended (in thousands) 2024 2023 Advertising, general and administrative $ 224,971 $ 221,005 Acquisition and integration 4,852 13,781 Restructuring 18,613 16,822 Total general and administrative $ 248,436 $ 251,608
Schedule of Other Nonoperating Expense	Amounts included in Other non-operating income, net for the three months ended March 31, 2024 and 2023 were as follows: Three Months Ended (in thousands) 2024 2023 Change in value of commercial rights liabilities $ — $ (267) Net gain on equity method investments 555 2,100 Gain on extinguishment of debt — 4,044 Foreign exchange gain (loss) 2,816 (4,308) Other, net 1,183 1,041 Total other non-operating income, net $ 4,554 $ 2,610

REVENUE RECOGNITION (Tables)

REVENUE RECOGNITION (Tables)	3 Months Ended
	Mar. 31, 2024
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 three months ended March 31, 2024 and 2023: Three Months Ended (in thousands) 2024 2023 Hotel $ 20,479 $ 22,435 Food and beverage 20,213 19,474 Retail, entertainment and other 2,428 2,591 $ 43,120 $ 44,500 The following tables provide a disaggregation of revenue by segment (in thousands): Three Months Ended March 31, 2024 Casinos & Resorts International Interactive North America Interactive Total Gaming $ 250,418 $ 231,267 $ 34,372 $ 516,057 Non-gaming: Hotel 41,090 — — 41,090 Food and beverage 34,952 — — 34,952 Retail, entertainment and other 15,869 3,416 7,098 26,383 Total non-gaming revenue 91,911 3,416 7,098 102,425 Total revenue $ 342,329 $ 234,683 $ 41,470 $ 618,482 Three Months Ended March 31, 2023 Gaming $ 233,107 $ 237,181 $ 16,607 $ 486,895 Non-gaming: Hotel 47,332 — — 47,332 Food and beverage 33,608 — — 33,608 Retail, entertainment and other 14,739 8,391 7,755 30,885 Total non-gaming revenue 95,679 8,391 7,755 111,825 Total revenue $ 328,786 $ 245,572 $ 24,362 $ 598,720
Contract with Customer, Contract Asset, Contract Liability, and Receivable	Liabilities related to contracts with customers as of March 31, 2024 and December 31, 2023 were as follows: March 31, December 31, (in thousands) 2024 2023 Loyalty programs $ 15,349 $ 16,803 Advanced deposits from customers 28,141 29,052 Unpaid wagers 18,619 20,481 Total $ 62,109 $ 66,336

BUSINESS COMBINATIONS (Tables)

BUSINESS COMBINATIONS (Tables)	3 Months Ended
	Mar. 31, 2024
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 acquisition as of March 31, 2024: Bally’s Golf Links (in thousands) Preliminary (2) Total current assets $ 1,108 Property and equipment, net 505 Intangible assets, net (1) 6,500 Other assets 2,000 Goodwill 103,824 Total current liabilities (345) Total purchase price $ 113,592 __________________________________ (1) Bally’s Golf Links’ intangible assets include a concessionaire license of $6.5 million, which is being amortized over its estimated useful life of approximately 12 years. (2) The Company recorded adjustments to the preliminary purchase price allocation during the three months ended March 31, 2024 which decreased Goodwill and the total purchase price by $0.2 million. The following table summarizes the consideration paid and the fair values of the assets acquired and liabilities assumed in connection with the International Interactive acquisition: (in thousands) Casino Secret Final (2) Total current assets $ 8,862 Property and equipment, net 50 Intangible assets, net (1) 29,471 Goodwill 18,422 Total current liabilities (6,371) Total purchase price $ 50,434 __________________________________ (1) Casino Secret intangible assets include player relationships and trade names of $26.0 million and $3.5 million, respectively, which are both being amortized on a straight-line basis over their estimated useful lives of approximately 7 years. (2) The Company did not record adjustments to the preliminary purchase price allocation during the three months ended March 31, 2024.

PREPAID EXPENSES AND OTHER AS_2

PREPAID EXPENSES AND OTHER ASSETS (Tables)	3 Months Ended
	Mar. 31, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure	As of March 31, 2024 and December 31, 2023, prepaid expenses and other current assets was comprised of the following: March 31, December 31, (in thousands) 2024 2023 Services and license agreements $ 40,975 $ 32,466 Short term derivative assets 11,031 9,530 Due from payment service providers 10,606 12,662 Prepaid marketing 14,519 8,685 Prepaid insurance 7,497 12,181 Gaming taxes and licenses 6,535 9,309 Sales tax 6,204 7,565 Purse funds 483 6,404 Other 12,257 9,294 Total prepaid expenses and other current assets $ 110,107 $ 108,096

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)	3 Months Ended
	Mar. 31, 2024
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	As of March 31, 2024 and December 31, 2023, property and equipment was comprised of the following: March 31, December 31, (in thousands) 2024 2023 Land $ 238,997 $ 238,997 Land improvements 163,215 162,211 Building and improvements 676,431 673,071 Equipment 270,634 264,398 Furniture and fixtures 69,171 68,746 Construction in process 86,537 73,810 Total property, plant and equipment 1,504,985 1,481,233 Less: Accumulated depreciation (404,252) (306,345) Property and equipment, net $ 1,100,733 $ 1,174,888

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS (Tables)	3 Months Ended
	Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	The change in carrying value of goodwill by reportable segment for the three months ended March 31, 2024 is as follows (in thousands): Casinos & Resorts International Interactive North America Interactive Total Goodwill as of December 31, 2023 (1) $ 313,493 $ 1,586,590 $ 35,720 $ 1,935,803 Effect of foreign exchange — (20,647) (95) (20,742) Purchase accounting adjustments on prior year business acquisition (208) — — (208) Goodwill as of March 31, 2024 (1) $ 313,285 $ 1,565,943 $ 35,625 $ 1,914,853 __________________________________ (1) Amounts are shown net of accumulated goodwill impairment charges of $5.4 million and $140.4 million for Casinos & Resorts and North America Interactive, respectively.
Schedule of Finite-Lived Intangible Assets	The change in intangible assets, net for the three months ended March 31, 2024 is as follows (in thousands): Intangible assets, net as of December 31, 2023 $ 1,871,428 Effect of foreign exchange (13,582) Internally developed software 12,325 Other intangibles acquired 2,727 Less: Accumulated amortization (60,260) Intangible assets, net as of March 31, 2024 $ 1,812,638 The Company’s identifiable intangible assets consist of the following: March 31, 2024 (in thousands, except years) Gross Carrying Amount Accumulated Net Amortizable intangible assets: Commercial rights - Sinclair (1) $ 315,847 $ (97,692) $ 218,155 Trade names 37,375 (19,480) 17,895 Hard Rock license 8,000 (2,364) 5,636 Customer relationships 960,366 (345,407) 614,959 Developed technology 264,206 (94,359) 169,847 Internally developed software 72,752 (15,397) 57,355 Gaming licenses 46,316 (14,152) 32,164 Other 11,491 (4,131) 7,360 Total amortizable intangible assets 1,716,353 (592,982) 1,123,371 Intangible assets not subject to amortization: Gaming licenses 586,971 — 586,971 Trade names 99,781 — 99,781 Other 2,515 — 2,515 Total unamortizable intangible assets 689,267 — 689,267 Total intangible assets, net $ 2,405,620 $ (592,982) $ 1,812,638 __________________________________ (1) Commercial rights intangible asset in connection with the Framework Agreement. Refer to Note 2 “ S ummary of S ig nificant Accounting Policies December 31, 2023 (in thousands, except years) Gross Carrying Amount Accumulated Net Amortizable intangible assets: Commercial rights - Sinclair (2) $ 315,847 $ (89,901) $ 225,946 Trade names 37,042 (18,125) 18,917 Hard Rock license 8,000 (2,303) 5,697 Customer relationships 974,286 (314,053) 660,233 Developed technology 267,927 (86,119) 181,808 Internally developed software 61,687 (13,091) 48,596 Gaming licenses 45,008 (11,964) 33,044 Other 11,505 (3,621) 7,884 Total amortizable intangible assets 1,721,302 (539,177) 1,182,125 Intangible assets not subject to amortization: Gaming licenses 586,971 — 586,971 Trade names 100,544 — 100,544 Other 1,788 — 1,788 Total unamortizable intangible assets 689,303 — 689,303 Total intangible assets, net $ 2,410,605 $ (539,177) $ 1,871,428 __________________________________ (2) See note (1) above. Amortization of intangible assets was approximately $60.3 million and $55.9 million for the three months ended March 31, 2024 and 2023, respectively. The following table reflects the remaining amortization expense associated with the finite-lived intangible assets as of March 31, 2024: (in thousands) Remaining 2024 $ 173,834 2025 229,551 2026 227,776 2027 226,743 2028 170,953 Thereafter 94,514 Total $ 1,123,371
Schedule of Indefinite-Lived Intangible Assets	The Company’s identifiable intangible assets consist of the following: March 31, 2024 (in thousands, except years) Gross Carrying Amount Accumulated Net Amortizable intangible assets: Commercial rights - Sinclair (1) $ 315,847 $ (97,692) $ 218,155 Trade names 37,375 (19,480) 17,895 Hard Rock license 8,000 (2,364) 5,636 Customer relationships 960,366 (345,407) 614,959 Developed technology 264,206 (94,359) 169,847 Internally developed software 72,752 (15,397) 57,355 Gaming licenses 46,316 (14,152) 32,164 Other 11,491 (4,131) 7,360 Total amortizable intangible assets 1,716,353 (592,982) 1,123,371 Intangible assets not subject to amortization: Gaming licenses 586,971 — 586,971 Trade names 99,781 — 99,781 Other 2,515 — 2,515 Total unamortizable intangible assets 689,267 — 689,267 Total intangible assets, net $ 2,405,620 $ (592,982) $ 1,812,638 __________________________________ (1) Commercial rights intangible asset in connection with the Framework Agreement. Refer to Note 2 “ S ummary of S ig nificant Accounting Policies December 31, 2023 (in thousands, except years) Gross Carrying Amount Accumulated Net Amortizable intangible assets: Commercial rights - Sinclair (2) $ 315,847 $ (89,901) $ 225,946 Trade names 37,042 (18,125) 18,917 Hard Rock license 8,000 (2,303) 5,697 Customer relationships 974,286 (314,053) 660,233 Developed technology 267,927 (86,119) 181,808 Internally developed software 61,687 (13,091) 48,596 Gaming licenses 45,008 (11,964) 33,044 Other 11,505 (3,621) 7,884 Total amortizable intangible assets 1,721,302 (539,177) 1,182,125 Intangible assets not subject to amortization: Gaming licenses 586,971 — 586,971 Trade names 100,544 — 100,544 Other 1,788 — 1,788 Total unamortizable intangible assets 689,303 — 689,303 Total intangible assets, net $ 2,410,605 $ (539,177) $ 1,871,428 __________________________________ (2) See note (1) above.
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	The following table reflects the remaining amortization expense associated with the finite-lived intangible assets as of March 31, 2024: (in thousands) Remaining 2024 $ 173,834 2025 229,551 2026 227,776 2027 226,743 2028 170,953 Thereafter 94,514 Total $ 1,123,371

DERIVATIVE INSTRUMENTS (Tables)

DERIVATIVE INSTRUMENTS (Tables)	3 Months Ended
	Mar. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments	The following tables summarize the Company’s net investment hedges as of March 31, 2024 and December 31, 2023 (in thousands): Net Investment Hedges Notional Sold Notional Purchased Cross currency swaps € 461,595 £ 387,531 Cross currency swaps £ 546,759 $ 700,000 The following table summarizes the Company’s cash flow hedges as of March 31, 2024 and December 31, 2023 (in thousands): Cash Flow Hedges Notional Amount Index Cap Floor (1) Interest rate contracts - swaps $ 500,000 US - SOFR $— $— Interest rate contracts - collars $ 500,000 US - SOFR 4.25% 3.22% __________________________________ (1) Weighted average rate.

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	3 Months Ended
	Mar. 31, 2024
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: March 31, 2024 (in thousands) Balance Sheet Location Level 1 Level 2 Level 3 Assets: Cash and cash equivalents Cash and cash equivalents $ 169,356 $ — $ — Restricted cash Restricted cash 141,533 — — Convertible loans Other assets — — 4,082 Investments in equity securities Other assets 3,391 — — Investment in GLPI partnership Other assets — 13,206 — Derivative assets designated as hedging instruments: Interest rate contracts Prepaid expenses and other current assets — 6,612 — Interest rate contracts Other assets — 408 — Cross currency swaps Prepaid expenses and other current assets — 4,419 — Cross currency swaps Other assets — 6,929 — Total derivative assets at fair value — 18,368 — Total assets $ 314,280 $ 31,574 $ 4,082 Liabilities: Contingent consideration Other long-term liabilities $ — $ — $ 56,745 Derivative liabilities not designated as hedging instruments: Sinclair Performance Warrants Commercial rights liabilities — — 44,703 Derivative liabilities designated as hedging instruments: Interest rate contracts Other long-term liabilities — 5,616 — Cross currency swaps Accrued and other current liabilities — 1,000 — Cross currency swaps Other long-term liabilities — 24,874 — Total derivative liabilities at fair value — 31,490 44,703 Total liabilities $ — $ 31,490 $ 101,448 December 31, 2023 (in thousands) Balance Sheet Location Level 1 Level 2 Level 3 Assets: Cash and cash equivalents Cash and cash equivalents $ 163,194 $ — $ — Restricted cash Restricted cash 152,068 — — Convertible loans Other assets — — 4,115 Investments in equity securities Other assets 3,409 — — Investment in GLPI partnership Other assets — 14,146 — Derivative assets designated as hedging instruments: Interest rate contracts Prepaid expenses and other current assets — 5,356 — Cross currency swaps Prepaid expenses and other current assets — 4,174 — Cross currency swaps Other assets — 6,477 — Total derivative assets at fair value — 16,007 — Total assets $ 318,671 $ 30,153 $ 4,115 Liabilities: Contingent consideration Other long-term liabilities $ — $ — $ 58,580 Derivatives not designated as hedging instruments Sinclair Performance Warrants Commercial rights liabilities — — 44,703 Derivative liabilities designated as hedging instruments: Interest rate contracts Other long-term liabilities — 21,492 — Cross currency swaps Accrued and other current liabilities — 1,225 — Cross currency swaps Other long-term liabilities — 29,376 — Total derivative liabilities at fair value — 52,093 44,703 Total liabilities $ — $ 52,093 $ 103,283
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation	The following tables summarize the changes in fair value of the Company’s Level 3 assets and liabilities: (in thousands) Sinclair Performance Warrants Contingent Consideration Convertible Loans Beginning as of December 31, 2023 $ 44,703 $ 58,580 $ 4,115 Change in fair value — (1,835) (33) Ending as of March 31, 2024 $ 44,703 $ 56,745 $ 4,082 (in thousands) Sinclair Performance Warrants Contingent Consideration Convertible Loans Beginning as of December 31, 2022 $ 36,987 $ 8,220 $ 10,212 Additions in the period (acquisition fair value) — — 500 Change in fair value 267 1,241 126 Ending as of March 31, 2023 $ 37,254 $ 9,461 $ 10,838
Derivative Instruments, Gain (Loss)	The gains (losses) recognized in the condensed consolidated statements of operations for derivative instruments during the three months ended March 31, 2024 and 2023 are as follows: Condensed Consolidated Statements of Operations Location Three Months Ended (in thousands) 2024 2023 Derivatives not designated as hedging instruments Sinclair Performance Warrants Other non-operating income, net $ — $ (267) Derivatives designated as hedging instruments Interest rate contracts Interest expense, net $ (2,886) $ — Cross currency swaps Interest expense, net (1,211) —
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 March 31, 2024 December 31, 2023 (in thousands) Carrying Amount Fair Value Carrying Amount Fair Value Term Loan Facility $ 1,868,169 $ 1,869,226 $ 1,871,330 $ 1,888,100 5.625% Senior Notes due 2029 736,953 577,500 736,447 596,250 5.875% Senior Notes due 2031 720,248 542,063 719,858 570,544

ACCRUED LIABILITIES (Tables)

ACCRUED LIABILITIES (Tables)	3 Months Ended
	Mar. 31, 2024
Payables and Accruals [Abstract]
Schedule of Accrued Liabilities	As of March 31, 2024 and December 31, 2023, accrued and other current liabilities consisted of the following: (in thousands) March 31, December 31, Gaming liabilities $ 169,139 $ 177,557 Diamond Sports Group non-cash liability (1) 202,572 144,883 Compensation 89,702 83,112 Bally’s Chicago - land development liability 48,695 47,739 Interest payable 44,238 66,587 Other 148,214 131,841 Total accrued and other current liabilities $ 702,560 $ 651,719 __________________________________ (1) Refer to Note 17 “ Commitments and Contingencies

RESTRUCTURING (Tables)

RESTRUCTURING (Tables)	3 Months Ended
	Mar. 31, 2024
Restructuring and Related Activities [Abstract]
Restructuring Charges	The components of restructuring charges by segment for the three months ended March 31, 2024 are summarized as follows: (in thousands) Casinos & Resorts International Interactive North America Interactive Other Total Severance and employee related benefits (1) $ 19,655 $ 52 $ (1,479) $ 385 $ 18,613 Accelerated depreciation expense (2) 80,117 — — — 80,117 Total restructuring charges $ 99,772 $ 52 $ (1,479) $ 385 $ 98,730 __________________________________ (1) Included within “General and administrative” of the condensed consolidated statements of operations. (2) Included within “Depreciation and amortization” of the condensed consolidated statements of operations. The components of restructuring charges by segment for the three months ended March 31, 2023 are summarized as follows: (in thousands) International Interactive North America Interactive Other Total Severance and employee related benefits (1) $ 9,332 $ 5,858 $ 1,632 $ 16,822 __________________________________ (1) Included within “General and administrative” of the condensed consolidated statements of operations.
Restructuring Reserve	The changes in the Company’s restructuring related liabilities for the three months ended March 31, 2024 and 2023 is as follows: (in thousands) Balance as of December 31, 2023 $ 5,291 Charges 18,613 Payments (2,356) Effect of foreign exchange (850) Balance as of March 31, 2024 $ 20,698

LONG-TERM DEBT (Tables)

LONG-TERM DEBT (Tables)	3 Months Ended
	Mar. 31, 2024
Debt Disclosure [Abstract]
Schedule of Long-term Debt	As of March 31, 2024 and December 31, 2023, long-term debt consisted of the following: (in thousands) March 31, December 31, Term Loan Facility (1) $ 1,901,238 $ 1,906,100 Revolving Credit Facility 355,000 335,000 5.625% Senior Notes due 2029 750,000 750,000 5.875% Senior Notes due 2031 735,000 735,000 Less: Unamortized original issue discount (22,775) (23,756) Less: Unamortized deferred financing fees (38,093) (39,709) Long-term debt, including current portion 3,680,370 3,662,635 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 $ 3,660,920 $ 3,643,185 __________________________________ Derivative Instruments

LEASES (Tables)

LEASES (Tables)	3 Months Ended
	Mar. 31, 2024
Leases [Abstract]
Schedule of Quantitative Information of Operating Leases	Components of lease expense, included within “General and administrative” in the condensed consolidated statements of operations, for operating leases during the three months ended March 31, 2024 and 2023 are as follows: Three Months Ended (in thousands) 2024 2023 Operating leases: Operating lease cost $ 37,331 $ 36,819 Variable lease cost 2,786 2,470 Operating lease expense 40,117 39,289 Short-term lease expense 5,345 2,326 Total lease expense $ 45,462 $ 41,615 Supplemental cash flow and other information related to operating leases for the three months ended March 31, 2024 and 2023 are as follows: Three Months Ended (in thousands) 2024 2023 Cash paid for amounts included in the lease liability - operating cash flows from operating leases $ 31,549 $ 31,777 Right of use assets obtained in exchange for operating lease liabilities $ — $ 396,565
Supplemental Balance Sheet Information	March 31, 2024 December 31, 2023 Weighted average remaining lease term 17.5 years 17.6 years Weighted average discount rate 7.5 % 7.5 %
Schedule of Future Minimum Rental Commitments	As of March 31, 2024, future minimum lease payments under noncancelable operating leases are as follows: (in thousands) March 31, 2024 Remaining 2024 $ 105,806 2025 142,729 2026 142,029 2027 136,813 2028 139,087 Thereafter 1,610,537 Total lease payments 2,277,001 Less: present value discount (1,084,100) Lease obligations $ 1,192,901

STOCKHOLDERS_ EQUITY (Tables)

STOCKHOLDERS’ EQUITY (Tables)	3 Months Ended
	Mar. 31, 2024
Equity [Abstract]
Schedule of Share Repurchase Activity	There was no share repurchase activity during the three months ended March 31, 2024. Total share repurchase activity during the three months ended 2023 was as follows: (in thousands, except share and per share data) Three Months Ended Number of common shares repurchased 1,026,343 Total cost $ 19,753 Average cost per share, including commissions $ 19.25
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 2) 7,911,724 Sinclair Performance Warrants (Note 2) 3,279,337 Sinclair Options (1) (Note 2) 1,639,669 MKF penny warrants (Note 11) 44,128 Telescope contingent shares (Note 11) 8,626 Outstanding awards under Equity Incentive Plans 1,621,053 14,504,537 __________________________________ (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 Framework Agreement.
Schedule of Accumulated Other Comprehensive Income (Loss)	The following tables reflect the changes in accumulated other comprehensive loss by component for the three months ended March 31, 2024 and 2023, respectively: (in thousands) Foreign Currency Translation Adjustment Benefit Plans Cash Flow Hedges (1) Net Investment Hedges Total Accumulated other comprehensive income (loss) at December 31, 2023 $ (177,203) $ 886 $ (11,246) $ (21,995) $ (209,558) Other comprehensive income (loss) before reclassifications (37,794) — 20,426 6,526 (10,842) Reclassifications from accumulated other comprehensive income (loss) to earnings — — (2,886) (1,211) (4,097) Tax effect — — (5,257) 6,151 894 Accumulated other comprehensive income (loss) at March 31, 2024 $ (214,997) $ 886 $ 1,037 $ (10,529) $ (223,603) __________________________________ (1) As of March 31, 2024, approximately $7.3 million of existing gains and losses are estimated to be reclassified into earnings within the next 12 months. (in thousands) Foreign Currency Translation Adjustment Benefit Plans Total Accumulated other comprehensive income (loss) at December 31, 2022 $ (295,984) $ 344 $ (295,640) Other comprehensive income 52,073 — 52,073 Accumulated other comprehensive income (loss) at March 31, 2023 $ (243,911) $ 344 $ (243,567)

SEGMENT REPORTING (Tables)

SEGMENT REPORTING (Tables)	3 Months Ended
	Mar. 31, 2024
Segment Reporting [Abstract]
Schedule of Reportable Segment Information	The following table sets forth revenue and Adjusted EBITDAR for the Company’s three reportable segments and reconciles Adjusted EBITDAR on a consolidated basis to net (loss) income. The Other category is included in the following tables in order to reconcile the segment information to the Company’s condensed consolidated financial statements. Three Months Ended (in thousands) 2024 2023 Revenue Casinos & Resorts $ 342,329 $ 328,786 International Interactive 234,683 245,572 North America Interactive 41,470 24,362 Total $ 618,482 $ 598,720 Adjusted EBITDAR (1) Casinos & Resorts $ 89,418 $ 105,123 International Interactive 83,532 80,301 North America Interactive (10,158) (10,563) Other (14,677) (17,268) Total 148,115 157,593 Operating income (costs) and (expense): Rent expense associated with triple net operating leases (2) (31,647) (31,238) Depreciation and amortization (159,746) (74,561) Transaction costs (6,794) (22,018) Restructuring (18,613) (16,822) Share-based compensation (3,058) (6,040) Gain on sale-leaseback — 374,186 Other (2,212) (4,368) (Loss) income from operations (73,955) 376,732 Other (expense) income Interest expense, net of interest income (73,131) (63,264) Other 4,554 2,610 Total other expense, net (68,577) (60,654) (Loss) income before income taxes (142,532) 316,078 Provision for income taxes (31,382) (137,742) Net (loss) income $ (173,914) $ 178,336 __________________________________ (1) Adjusted EBITDAR 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, integration and restructuring expense, 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, plus rent expense associated with triple net operating leases. Adjusted EBITDAR should not be construed as an alternative to GAAP net income, its most directly comparable GAAP measure, nor is it directly comparable to similarly titled measures presented by other companies. (2) Consists primarily of the operating lease components contained within certain triple net leases with GLPI. Refer to Note 15 “ Leases Three Months Ended March 31, (in thousands) 2024 2023 Capital Expenditures Casinos & Resorts $ 9,879 $ 25,225 International Interactive 246 781 North America Interactive 260 526 Other (1) 17,668 17,146 Total $ 28,053 $ 43,678 __________________________________ (1) Includes $17.5 million related to our future Bally’s Chicago permanent facility.

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	3 Months Ended
	Mar. 31, 2024
Earnings Per Share [Abstract]
Schedule of Computations of Basic and Diluted EPS	Three Months Ended (in thousands, except per share data) 2024 2023 Net (loss) income applicable to common stockholders $ (173,914) $ 178,336 Weighted average common shares outstanding, basic 48,119 54,420 Weighted average effect of dilutive securities — 669 Weighted average common shares outstanding, diluted 48,119 55,089 Basic earnings per share $ (3.61) $ 3.28 Diluted earnings per share $ (3.61) $ 3.24

SIGNIFICANT ACCOUNTING POLICIES

SIGNIFICANT ACCOUNTING POLICIES - Accounts Receivable (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable	$ 73,349	$ 76,376
Less: Allowance for credit losses	(6,418)	(6,048)
Accounts receivable, net	66,931	70,328
Rhode Island and Delaware
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable	14,791	13,028
Gaming receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable	25,427	26,127
Non-gaming receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable	$ 33,131	$ 37,221

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Additional Information (Details) $ / shares in Units, $ in Thousands		3 Months Ended
	Jun. 01, 2021 USD ($)	Mar. 31, 2024 USD ($)	Mar. 31, 2023 USD ($)	Dec. 31, 2023 USD ($)	Apr. 20, 2021 $ / shares shares	Nov. 18, 2020 $ / shares shares
Summary of Significant Accounting Policies - Additional Information Details [Line Items]
Net gain on equity method investments		$ 555	$ 2,100
Assets		6,635,996		$ 6,861,103
Liabilities		6,186,191		6,225,249
Revenue		618,482	598,720
Supplier finance program, obligation, current		41,900
Interest Expense		73,131	63,264
Advertising Expense		5,600	5,400
Share based compensation expense		3,058	6,040
Share based income tax benefit (expense)		800	1,600
Amortization of intangible assets		60,260	55,900
Commercial rights liability		62,503		113,626
Number of common shares called by warrant (in shares) | shares					909,090
Exercise price of warrants (in dollars per share) | $ / shares					$ 55
Provision for income taxes		$ 31,382	$ 137,742
Effective Income Tax Rate Reconciliation, Percent		(22.00%)	43.60%
Deferred Payables
Summary of Significant Accounting Policies - Additional Information Details [Line Items]
Interest Expense		$ 800	$ 0
Rhode Island Joint Venture
Summary of Significant Accounting Policies - Additional Information Details [Line Items]
Equity Method Investment, Ownership Percentage		40%
North America Interactive & International Interactive Segments
Summary of Significant Accounting Policies - Additional Information Details [Line Items]
Advertising Expense		$ 46,200	45,900
Variable Interest Entity, Primary Beneficiary | Breckenridge Curacao B.V
Summary of Significant Accounting Policies - Additional Information Details [Line Items]
Assets		154,900		161,300
Liabilities		85,500		87,700
Revenue		61,900	84,000
Penny Warrant
Summary of Significant Accounting Policies - Additional Information Details [Line Items]
Number of common shares called by warrant (in shares) | shares						4,915,726
Exercise price of warrants (in dollars per share) | $ / shares						$ 0.01
Fair value of underlying shares	$ 150,400
Performance Warrant
Summary of Significant Accounting Policies - Additional Information Details [Line Items]
Exercise price of warrants (in dollars per share) | $ / shares						$ 0.01
Performance Warrant | Maximum
Summary of Significant Accounting Policies - Additional Information Details [Line Items]
Number of common shares called by warrant (in shares) | shares						3,279,337
Option on Securities
Summary of Significant Accounting Policies - Additional Information Details [Line Items]
Number of common shares called by warrant (in shares) | shares						1,639,669
Option on Securities | Maximum
Summary of Significant Accounting Policies - Additional Information Details [Line Items]
Exercise price of warrants (in dollars per share) | $ / shares						$ 45
Option on Securities | Minimum
Summary of Significant Accounting Policies - Additional Information Details [Line Items]
Exercise price of warrants (in dollars per share) | $ / shares						$ 30
Commercial Rights
Summary of Significant Accounting Policies - Additional Information Details [Line Items]
Amortization of intangible assets		(7,800)	(7,700)
Sinclair Commercial Agreement
Summary of Significant Accounting Policies - Additional Information Details [Line Items]
Commercial rights liability				57,700
Accretion expense			$ 1,100
Tax benefit shared, in percent						0.60
Estimate in tax receivable agreement liability		17,700		19,100
Sinclair Commercial Agreement | Accrued Liabilities
Summary of Significant Accounting Policies - Additional Information Details [Line Items]
Short-term portion of liability				8,000
Sinclair Commercial Agreement | Commercial Rights Liability
Summary of Significant Accounting Policies - Additional Information Details [Line Items]
Long-term portion of liability				49,700
Sinclair Commercial Agreement
Summary of Significant Accounting Policies - Additional Information Details [Line Items]
Commercial rights, intangible assets		$ 218,200		$ 225,900

CONSOLIDATED FINANCIAL INFORM_3

CONSOLIDATED FINANCIAL INFORMATION - Schedule of General and Administrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Advertising, general and administrative	$ 224,971	$ 221,005
Acquisition and integration	4,852	13,781
Restructuring	18,613	16,822
Total general and administrative	$ 248,436	$ 251,608

CONSOLIDATED FINANCIAL INFORM_4

CONSOLIDATED FINANCIAL INFORMATION - Other Non-Operating Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Change in Value of Commercial Rights Liabilities	$ 0	$ (267)
Net gain on equity method investments	555	2,100
Gain (Loss) on Extinguishment of Debt	0	4,044
Foreign Currency Transaction Gain (Loss), before Tax	2,816	(4,308)
Other, net	1,183	1,041
Total other non-operating income, net	$ 4,554	$ 2,610

RECENTLY ADOPTED AND ISSUED A_2

RECENTLY ADOPTED AND ISSUED ACCOUNTING PRONOUNCEMENTS (Details)	3 Months Ended
	Mar. 31, 2024
Accounting Policies [Abstract]
Recently Issued Accounting Pronouncements	Standards to Be Implemented In October 2023, the FASB issued ASU No. 2023-06, Disclosure Improvements - Codification Amendments in Response to the SEC’s Disclosure Update and Simplification Initiative . The amendments in this update align the requirements in the ASC to the SEC’s regulations. The effective date for each amended topic in the ASC is the date on which the SEC’s removal of the related disclosure requirement from Regulation S-X or Regulation S-K becomes effective. If by June 30, 2027, the SEC has not removed the related disclosure from its regulations, the amendments will be removed from the Codification and not become effective. Early adoption is prohibited. The Company is currently in the process of evaluating the impact of this amendment on its condensed consolidated financial statements and related disclosures. In November 2023, the FASB issued ASU No. 2023-07, Segment Reporting (Topic 280) - Improvements to Reportable Segment Disclosures . The amendments in this update enhance the disclosures required for significant segment expenses on an annual and interim basis. The guidance will apply retrospectively and is effective for annual reporting periods in fiscal years beginning after December 15, 2023, and interim reporting periods in fiscal years beginning after December 31, 2024. The Company is currently in the process of evaluating the impact of this amendment on its condensed consolidated financial statements and related disclosures. In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740) - Improvements to Income Tax Disclosures . The amendments in this update enhance the transparency and decision usefulness of income tax disclosures. This update will be effective for annual periods beginning after December 15, 2024, with early adoption permitted. The Company is currently in the process of evaluating the impact of this amendment on its condensed consolidated financial statements and related disclosures. In March 2024, the FASB issued ASU 2024-02, Codification Improvements - Amendments to Remove References to the Concepts Statements . This amendment to the Codification removes references to various Concepts Statements. This update will be effective for public business entities for fiscal years beginning after December 15, 2024, with early adoption permitted if adopted as of the beginning of the fiscal year that includes that interim period. The Company is currently in the process of evaluating the impact of this amendment on its condensed consolidated financial statements and related disclosures.

REVENUE RECOGNITION - Additiona

REVENUE RECOGNITION - Additional Information (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($) terminal	Mar. 31, 2023 USD ($)	Dec. 31, 2023 USD ($)
Disaggregation of Revenue [Line Items]
Contracts with customers receivables	$ 35,500		$ 38,500
Contract liabilities	62,109		66,336
Revenue	$ 618,482	$ 598,720
VLT Revenue | Rhode Island Properties [Member]
Disaggregation of Revenue [Line Items]
Number of video lottery terminals (VLTs) | terminal	3,002
VLT Revenue | Delaware Property [Member]
Disaggregation of Revenue [Line Items]
Percentage of share of revenues	42%
Table Games Revenue | Rhode Island Properties [Member]
Disaggregation of Revenue [Line Items]
Percentage of share of revenues	83.50%
Table Games Revenue | Delaware Property [Member]
Disaggregation of Revenue [Line Items]
Percentage of share of revenues	80%
Loyalty Programs
Disaggregation of Revenue [Line Items]
Contract liabilities	$ 15,349		16,803
Contract liabilities, revenue recognized	7,600	5,900
Customer Deposits
Disaggregation of Revenue [Line Items]
Contract liabilities	28,141		29,052
Unpaid Tickets
Disaggregation of Revenue [Line Items]
Contract liabilities	18,619		20,481
Online Sports Betting and iGaming Market Access
Disaggregation of Revenue [Line Items]
Contract with Customer, Liability	3,600		$ 3,700
Gaming
Disaggregation of Revenue [Line Items]
Revenue	$ 516,057	486,895
Threshold One | VLT Revenue | Rhode Island Properties [Member]
Disaggregation of Revenue [Line Items]
Percentage of share of revenues	28.85%
Threshold Two | VLT Revenue | Rhode Island Properties [Member]
Disaggregation of Revenue [Line Items]
Percentage of share of revenues	26%
Threshold Three | VLT Revenue | Rhode Island Properties [Member]
Disaggregation of Revenue [Line Items]
Percentage of share of revenues	7%
International Interactive
Disaggregation of Revenue [Line Items]
Revenue	$ 234,683	245,572
International Interactive | Gaming
Disaggregation of Revenue [Line Items]
Revenue	$ 231,267	$ 237,181

REVENUE RECOGNITION - Loyalty P

REVENUE RECOGNITION - Loyalty Programs (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Disaggregation of Revenue [Line Items]
Goods and services provided without charge	$ 43,120	$ 44,500
Hotel
Disaggregation of Revenue [Line Items]
Goods and services provided without charge	20,479	22,435
Food and beverage
Disaggregation of Revenue [Line Items]
Goods and services provided without charge	20,213	19,474
Retail, entertainment and other
Disaggregation of Revenue [Line Items]
Goods and services provided without charge	$ 2,428	$ 2,591

REVENUE RECOGNITION - Disaggreg

REVENUE RECOGNITION - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Disaggregation of Revenue [Line Items]
Total revenue	$ 618,482	$ 598,720
Gaming
Disaggregation of Revenue [Line Items]
Total revenue	516,057	486,895
Non-gaming
Disaggregation of Revenue [Line Items]
Total revenue	102,425	111,825
Hotel
Disaggregation of Revenue [Line Items]
Total revenue	41,090	47,332
Food and beverage
Disaggregation of Revenue [Line Items]
Total revenue	34,952	33,608
Retail, entertainment and other
Disaggregation of Revenue [Line Items]
Total revenue	26,383	30,885
Casinos & Resorts
Disaggregation of Revenue [Line Items]
Total revenue	342,329	328,786
Casinos & Resorts | Gaming
Disaggregation of Revenue [Line Items]
Total revenue	250,418	233,107
Casinos & Resorts | Non-gaming
Disaggregation of Revenue [Line Items]
Total revenue	91,911	95,679
Casinos & Resorts | Hotel
Disaggregation of Revenue [Line Items]
Total revenue	41,090	47,332
Casinos & Resorts | Food and beverage
Disaggregation of Revenue [Line Items]
Total revenue	34,952	33,608
Casinos & Resorts | Retail, entertainment and other
Disaggregation of Revenue [Line Items]
Total revenue	15,869	14,739
North America Interactive
Disaggregation of Revenue [Line Items]
Total revenue	41,470	24,362
North America Interactive | Gaming
Disaggregation of Revenue [Line Items]
Total revenue	34,372	16,607
North America Interactive | Non-gaming
Disaggregation of Revenue [Line Items]
Total revenue	7,098	7,755
North America Interactive | Hotel
Disaggregation of Revenue [Line Items]
Total revenue	0	0
North America Interactive | Food and beverage
Disaggregation of Revenue [Line Items]
Total revenue	0	0
North America Interactive | Retail, entertainment and other
Disaggregation of Revenue [Line Items]
Total revenue	7,098	7,755
International Interactive
Disaggregation of Revenue [Line Items]
Total revenue	234,683	245,572
International Interactive | Gaming
Disaggregation of Revenue [Line Items]
Total revenue	231,267	237,181
International Interactive | Non-gaming
Disaggregation of Revenue [Line Items]
Total revenue	3,416	8,391
International Interactive | Hotel
Disaggregation of Revenue [Line Items]
Total revenue	0	0
International Interactive | Food and beverage
Disaggregation of Revenue [Line Items]
Total revenue	0	0
International Interactive | Retail, entertainment and other
Disaggregation of Revenue [Line Items]
Total revenue	$ 3,416	$ 8,391

BUSINESS COMBINATIONS - Narrati

BUSINESS COMBINATIONS - Narrative (Details) - USD ($) $ in Thousands			3 Months Ended
	Sep. 12, 2023	Jan. 05, 2023	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Business Acquisition [Line Items]
Acquisition and integration			$ 4,852	$ 13,781
Goodwill			1,914,853		$ 1,935,803
International Interactive
Business Acquisition [Line Items]
Acquisition and integration			0	1,200
Goodwill			1,565,943		1,586,590
Casinos & Resorts
Business Acquisition [Line Items]
Acquisition and integration			200	$ 0
Goodwill			313,285		$ 313,493
Casino Secret
Business Acquisition [Line Items]
Cash and Equivalents Acquired		$ (8,300)
Total consideration paid, net of cash acquired		38,700
Total purchase price		$ 50,400	50,434
Goodwill			18,422
Bally's Golf Links
Business Acquisition [Line Items]
Total consideration paid, net of cash acquired	$ 55,000
Contingent consideration payable	58,600		56,700
Total purchase price			113,592
Goodwill			$ 103,824
Undiscounted Potential Consideration Payable	$ 125,000

BUSINESS COMBINATIONS - Identif

BUSINESS COMBINATIONS - Identified Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands		3 Months Ended
	Sep. 12, 2023	Mar. 31, 2024	Dec. 31, 2023	Jan. 05, 2023
Business Acquisition [Line Items]
Goodwill		$ 1,914,853	$ 1,935,803
Purchase accounting adjustments on prior year business acquisition		(208)
Casino Secret
Business Acquisition [Line Items]
Total current assets		8,862
Property and equipment, net		50
Intangible assets, net(1)		29,471
Goodwill		18,422
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities		(6,371)
Total purchase price		$ 50,434		$ 50,400
Finite-Lived Intangible Asset, Useful Life		7 years
Casino Secret | Customer relationships
Business Acquisition [Line Items]
Intangible assets, net(1)		$ 26,000
Casino Secret | Trade names
Business Acquisition [Line Items]
Intangible assets, net(1)		3,500
Bally's Golf Links
Business Acquisition [Line Items]
Total current assets		1,108
Property and equipment, net		505
Intangible assets, net(1)		6,500
Goodwill		103,824
Other Noncurrent Assets		2,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities		(345)
Total purchase price		113,592
Purchase accounting adjustments on prior year business acquisition		(200)
Increase to total purchase price		$ (200)
Bally's Golf Links | Licensing Agreements
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles	$ 6,500
Acquired intangible assets, useful life	12 years

PREPAID EXPENSES AND OTHER AS_3

PREPAID EXPENSES AND OTHER ASSETS (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Services and License Agreements, Current	$ 40,975	$ 32,466
Due from Payment Service Providers, Current	10,606	12,662
Prepaid Marketing, Current	14,519	8,685
Derivative Asset, Current	11,031	9,530
Prepaid Taxes, Current	6,204	7,565
Prepaid Gaming Taxes And Licenses, Current	6,535	9,309
Purse Funds, Current	483	6,404
Prepaid Insurance, Current	7,497	12,181
Other Assets, Current	12,257	9,294
Prepaid expenses and other current assets	$ 110,107	$ 108,096

PROPERTY AND EQUIPMENT (Details

PROPERTY AND EQUIPMENT (Details) - USD ($)		3 Months Ended
	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross		$ 1,504,985,000		$ 1,481,233,000
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment		(404,252,000)		(306,345,000)
Property and equipment, net		1,100,733,000		1,174,888,000
Depreciation expense		99,500,000	$ 18,700,000
Accelerated depreciation expense		80,117,000
Interest Costs Capitalized		1,800,000	$ 2,900,000
Payments for Rent	$ 10,000,000	90,000,000
Lease Termination Payments		150,000,000
Lease Termination Payments Secured By Letters Of Credit		50,000,000
Retail Casinos
Property, Plant and Equipment [Line Items]
Accelerated depreciation expense		80,117,000
Accrued Liabilities
Property, Plant and Equipment [Line Items]
Lease Termination Payments		48,700,000
Land [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross		238,997,000		238,997,000
Land Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross		163,215,000		162,211,000
Building Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross		676,431,000		673,071,000
Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross		270,634,000		264,398,000
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross		69,171,000		68,746,000
Construction in Progress [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross		$ 86,537,000		$ 73,810,000

GOODWILL AND INTANGIBLE ASSET_2

GOODWILL AND INTANGIBLE ASSETS - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of intangible assets	$ 60,260	$ 55,900

GOODWILL AND INTANGIBLE ASSET_3

GOODWILL AND INTANGIBLE ASSETS - Schedule of Goodwill (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($)
Goodwill [Roll Forward]
Beginning balance	$ 1,935,803
Effect of foreign exchange	(20,742)
Purchase accounting adjustments on prior year business acquisition	(208)
Ending balance	1,914,853
Casinos & Resorts
Goodwill [Roll Forward]
Beginning balance	313,493
Effect of foreign exchange	0
Purchase accounting adjustments on prior year business acquisition	(208)
Ending balance	313,285
Goodwill, Impaired, Accumulated Impairment Loss	5,400
International Interactive
Goodwill [Roll Forward]
Beginning balance	1,586,590
Effect of foreign exchange	(20,647)
Purchase accounting adjustments on prior year business acquisition	0
Ending balance	1,565,943
North America Interactive
Goodwill [Roll Forward]
Beginning balance	35,720
Effect of foreign exchange	(95)
Purchase accounting adjustments on prior year business acquisition	0
Ending balance	35,625
Goodwill, Impaired, Accumulated Impairment Loss	$ 140,400

GOODWILL AND INTANGIBLE ASSET_4

GOODWILL AND INTANGIBLE ASSETS - Rollforward of Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Finite-lived Intangible Assets [Roll Forward]
Intangible assets, net as of December 31, 2023	$ 1,871,428
Effect of foreign exchange	(13,582)
Internally developed software	12,325
Other intangibles acquired	2,727
Less: Accumulated amortization	(60,260)	$ (55,900)
Intangible assets, net as of March 31, 2024	$ 1,812,638

GOODWILL AND INTANGIBLE ASSET_5

GOODWILL AND INTANGIBLE ASSETS - Schedule of Intangible Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 1,716,353	$ 1,721,302
Accumulated Amortization	(592,982)	(539,177)
Net	1,123,371	1,182,125
Gross Carrying Amount	689,267	689,303
Gross Carrying Amount	2,405,620	2,410,605
Intangible assets, net	1,812,638	1,871,428
Gaming licenses
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	586,971	586,971
Trade names
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	99,781	100,544
Other
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	2,515	1,788
Commercial rights - Sinclair
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	315,847	315,847
Accumulated Amortization	(97,692)	(89,901)
Net	218,155	225,946
Trade names
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	37,375	37,042
Accumulated Amortization	(19,480)	(18,125)
Net	17,895	18,917
Hard Rock license
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	8,000	8,000
Accumulated Amortization	(2,364)	(2,303)
Net	5,636	5,697
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	960,366	974,286
Accumulated Amortization	(345,407)	(314,053)
Net	614,959	660,233
Developed technology
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	264,206	267,927
Accumulated Amortization	(94,359)	(86,119)
Net	169,847	181,808
Internally developed software
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	72,752	61,687
Accumulated Amortization	(15,397)	(13,091)
Net	57,355	48,596
Gaming licenses
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	46,316	45,008
Accumulated Amortization	(14,152)	(11,964)
Net	32,164	33,044
Other
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	11,491	11,505
Accumulated Amortization	(4,131)	(3,621)
Net	$ 7,360	$ 7,884

GOODWILL AND INTANGIBLE ASSET_6

GOODWILL AND INTANGIBLE ASSETS - Schedule of Amortization (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Remaining 2024	$ 173,834
2025	229,551
2026	227,776
2027	226,743
2028	170,953
Thereafter	94,514
Net	$ 1,123,371	$ 1,182,125

DERIVATIVE INSTRUMENTS - Narrat

DERIVATIVE INSTRUMENTS - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Oct. 01, 2021
Offsetting Assets [Line Items]
Currency bought	five years
New Credit Facilities | Senior Notes
Offsetting Assets [Line Items]
Principal amount		$ 2,565
Interest rate contracts - swaps
Offsetting Assets [Line Items]
Derivative, Amount of Hedged Item	$ 500
Interest rate contracts - swaps | New Credit Facilities | Senior Notes
Offsetting Assets [Line Items]
Principal amount		$ 200

DERIVATIVE INSTRUMENTS - Instru

DERIVATIVE INSTRUMENTS - Instruments Designated as Hedging (Details) £ in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024 GBP (£)	Mar. 31, 2024 USD ($)
Derivative [Line Items]
Currency bought	five years
Interest rate contracts - swaps | Designated as Hedging Instrument | Cash Flow Hedging
Derivative [Line Items]
Cash Flow Hedges - Notional amount		$ 500,000
Interest rate contracts - swaps | Designated as Hedging Instrument | Cash Flow Hedging | Maximum | Secured Overnight Financing Rate (SOFR)
Derivative [Line Items]
Variable interest rate	0%	0%
Interest rate contracts - swaps | Designated as Hedging Instrument | Cash Flow Hedging | Minimum | Secured Overnight Financing Rate (SOFR)
Derivative [Line Items]
Variable interest rate	0%	0%
Cross currency swaps | Designated as Hedging Instrument | Net Investment Hedging
Derivative [Line Items]
Notional sold	461,595
Currency bought	387,531
Net Investment Hedges - Notional amount	£ 546,759	$ 700,000
Interest Rate Cap | Designated as Hedging Instrument | Cash Flow Hedging
Derivative [Line Items]
Cash Flow Hedges - Notional amount		$ 500,000
Interest Rate Cap | Designated as Hedging Instrument | Cash Flow Hedging | Maximum | Secured Overnight Financing Rate (SOFR)
Derivative [Line Items]
Variable interest rate	4.25%	4.25%
Interest Rate Cap | Designated as Hedging Instrument | Cash Flow Hedging | Minimum | Secured Overnight Financing Rate (SOFR)
Derivative [Line Items]
Variable interest rate	3.22%	3.22%

FAIR VALUE MEASUREMENTS - Sched

FAIR VALUE MEASUREMENTS - Schedule of Assets and Liabilities, Fair Value, Recurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Foreign Exchange Contract
Liabilities:
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Accrued and other current liabilities
Other Assets | Interest rate contracts - swaps
Assets:
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Other assets
Other Assets | Cross currency swaps
Assets:
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Other assets
Prepaid Expenses and Other Current Assets | Interest rate contracts - swaps
Assets:
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Prepaid expenses and other current assets
Prepaid Expenses and Other Current Assets | Cross currency swaps
Assets:
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Prepaid expenses and other current assets
Other Noncurrent Liabilities | Interest rate contracts - swaps
Liabilities:
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Other long-term liabilities
Other Noncurrent Liabilities | Cross currency swaps
Liabilities:
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Other long-term liabilities
Accrued Liabilities | Cross currency swaps
Liabilities:
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Accrued and other current liabilities
Level 1
Assets:
Total assets	$ 0	$ 0
Liabilities:
Derivative Liability	0	0
Level 1 | Interest rate contracts - swaps | Designated as Hedging Instrument
Assets:
Derivative Asset		0
Liabilities:
Derivative Liability	0	0
Level 1 | Other Assets | Interest rate contracts - swaps | Designated as Hedging Instrument
Assets:
Derivative Asset	0
Level 1 | Other Assets | Cross currency swaps | Designated as Hedging Instrument
Assets:
Derivative Asset	0	0
Level 1 | Prepaid Expenses and Other Current Assets | Interest rate contracts - swaps | Designated as Hedging Instrument
Assets:
Derivative Asset	0
Level 1 | Prepaid Expenses and Other Current Assets | Cross currency swaps | Designated as Hedging Instrument
Assets:
Derivative Asset	0	0
Level 1 | Other Noncurrent Liabilities | Cross currency swaps | Designated as Hedging Instrument
Liabilities:
Derivative Liability	0	0
Level 1 | Accrued Liabilities | Cross currency swaps | Designated as Hedging Instrument
Liabilities:
Derivative Liability	0	0
Level 2
Assets:
Total assets	18,368	16,007
Liabilities:
Derivative Liability	31,490	52,093
Level 2 | Interest rate contracts - swaps | Designated as Hedging Instrument
Assets:
Derivative Asset		5,356
Liabilities:
Derivative Liability	5,616	21,492
Level 2 | Other Assets | Interest rate contracts - swaps | Designated as Hedging Instrument
Assets:
Derivative Asset	408
Level 2 | Other Assets | Cross currency swaps | Designated as Hedging Instrument
Assets:
Derivative Asset	6,929	6,477
Level 2 | Prepaid Expenses and Other Current Assets | Interest rate contracts - swaps | Designated as Hedging Instrument
Assets:
Derivative Asset	6,612
Level 2 | Prepaid Expenses and Other Current Assets | Cross currency swaps | Designated as Hedging Instrument
Assets:
Derivative Asset	4,419	4,174
Level 2 | Other Noncurrent Liabilities | Cross currency swaps | Designated as Hedging Instrument
Liabilities:
Derivative Liability	24,874	29,376
Level 2 | Accrued Liabilities | Cross currency swaps | Designated as Hedging Instrument
Liabilities:
Derivative Liability	1,000	1,225
Level 3
Assets:
Total assets	0	0
Liabilities:
Derivative Liability	44,703	44,703
Level 3 | Interest rate contracts - swaps | Designated as Hedging Instrument
Assets:
Derivative Asset		0
Liabilities:
Derivative Liability	0	0
Level 3 | Other Assets | Interest rate contracts - swaps | Designated as Hedging Instrument
Assets:
Derivative Asset	0
Level 3 | Other Assets | Cross currency swaps | Designated as Hedging Instrument
Assets:
Derivative Asset	0	0
Level 3 | Prepaid Expenses and Other Current Assets | Interest rate contracts - swaps | Designated as Hedging Instrument
Assets:
Derivative Asset	0
Level 3 | Prepaid Expenses and Other Current Assets | Cross currency swaps | Designated as Hedging Instrument
Assets:
Derivative Asset	0	0
Level 3 | Other Noncurrent Liabilities | Cross currency swaps | Designated as Hedging Instrument
Liabilities:
Derivative Liability	0	0
Level 3 | Accrued Liabilities | Cross currency swaps | Designated as Hedging Instrument
Liabilities:
Derivative Liability	0	0
Fair Value, Recurring | Level 1
Assets:
Cash and cash equivalents	169,356	163,194
Restricted cash	141,533	152,068
Convertible loans		0
Investments in equity securities		3,409
Total assets	314,280	318,671
Liabilities:
Sinclair Performance Warrants	0	0
Contingent consideration	0	0
Total liabilities	0	0
Fair Value, Recurring | Level 1 | Other Assets
Assets:
Convertible loans	0
Investments in equity securities	3,391
Investment in GLPI partnership	0	0
Fair Value, Recurring | Level 2
Assets:
Cash and cash equivalents	0	0
Restricted cash	0	0
Convertible loans		0
Investments in equity securities		0
Total assets	31,574	30,153
Liabilities:
Sinclair Performance Warrants	0	0
Contingent consideration	0	0
Total liabilities	31,490	52,093
Fair Value, Recurring | Level 2 | Other Assets
Assets:
Convertible loans	0
Investments in equity securities	0
Investment in GLPI partnership	13,206	14,146
Fair Value, Recurring | Level 3
Assets:
Cash and cash equivalents	0	0
Restricted cash	0	0
Convertible loans		4,115
Investments in equity securities		0
Total assets	4,082	4,115
Liabilities:
Sinclair Performance Warrants	44,703	44,703
Contingent consideration	56,745	58,580
Total liabilities	101,448	103,283
Fair Value, Recurring | Level 3 | Other Assets
Assets:
Convertible loans	4,082
Investments in equity securities	0
Investment in GLPI partnership	$ 0	$ 0

FAIR VALUE MEASUREMENTS - Sch_2

FAIR VALUE MEASUREMENTS - Schedule of Performance Warrants and Acquisition Related Contingent Consideration (Details) - Level 3 - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Warrant
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Purchases		$ 0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Period Increase (Decrease)	$ 0	267
Contingent Consideration
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Purchases		0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Period Increase (Decrease)	(1,835)	1,241
Contingent Consideration | Other Assets
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Purchases		500
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Period Increase (Decrease)	(33)	126
Fair Value, Recurring | Warrant
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value, Beginning Balance	44,703	36,987
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value, Ending Balance	44,703	37,254
Fair Value, Recurring | Contingent Consideration
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value, Beginning Balance	58,580	8,220
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value, Ending Balance	56,745	9,461
Fair Value, Recurring | Contingent Consideration | Other Assets
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value, Beginning Balance	4,115	10,212
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value, Ending Balance	$ 4,082	$ 10,838

FAIR VALUE MEASUREMENTS - Sch_3

FAIR VALUE MEASUREMENTS - Schedule of Derivative Instruments Gain (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Warrant
Derivative [Line Items]
Gain (loss) on derivative instruments	$ 0	$ (267)
Interest rate contracts - swaps | Interest Expense
Derivative [Line Items]
Other Comprehensive Income (Loss), Derivative, Excluded Component, Increase (Decrease), before Adjustments and Tax	(2,886)	0
Cross currency swaps | Interest Expense
Derivative [Line Items]
Other Comprehensive Income (Loss), Derivative, Excluded Component, Increase (Decrease), before Adjustments and Tax	$ (1,211)	$ 0

FAIR VALUE MEASUREMENTS - Narra

FAIR VALUE MEASUREMENTS - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Sep. 12, 2023	Mar. 23, 2021
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Payment for contingent consideration	$ 9,300
Minimum
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Expected volatility rate	40%
Risk free interest rate	3.84%
Expected term	1 year 6 months
Maximum
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Expected volatility rate	67%
Risk free interest rate	4.79%
Expected term	6 years 3 months 18 days
SportCaller and MKF
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Contingent consideration payable			$ 58,700
Monkey Knife Fight
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Contingent shares issued (in shares)	386,926
Horses Mouth Limited (SportCaller) | Common Stock
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Stock issued for equity purchase (in shares)	103,656
Bally's Golf Links
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Contingent consideration payable	$ 56,700	$ 58,600

FAIR VALUE MEASUREMENTS - Fair

FAIR VALUE MEASUREMENTS - Fair Value of Debt (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
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	$ 736,953	$ 736,447
Senior Notes | 5.625% Senior Notes due 2029 | Fair Value | Level 1
Debt Instrument [Line Items]
Long-term debt, fair value	$ 577,500	596,250
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	$ 720,248	719,858
Senior Notes | 5.875% Senior Notes due 2031 | Fair Value | Level 1
Debt Instrument [Line Items]
Long-term debt, fair value	542,063	570,544
Term Loan Facility(1) | Line of Credit | Carrying Amount | Level 1
Debt Instrument [Line Items]
Long-term debt, fair value	1,868,169	1,871,330
Term Loan Facility(1) | Line of Credit | Fair Value | Level 1
Debt Instrument [Line Items]
Long-term debt, fair value	$ 1,869,226	$ 1,888,100

ACCRUED LIABILITIES (Details)

ACCRUED LIABILITIES (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Payables and Accruals [Abstract]
Gaming liabilities	$ 169,139	$ 177,557
Diamond Sports Group non-cash liability	202,572	144,883
Bally’s Chicago - land development liability	48,695	47,739
Compensation	89,702	83,112
Interest payable	44,238	66,587
Other	148,214	131,841
Total accrued and other current liabilities	$ 702,560	$ 651,719

RESTRUCTURING (Details)

RESTRUCTURING (Details) - USD ($) $ in Thousands		3 Months Ended
	Jan. 18, 2023	Mar. 31, 2024	Mar. 31, 2023
Restructuring Cost and Reserve [Line Items]
Percentage of positions expected to be eliminated	15%
Restructuring		$ 18,613	$ 16,822
Accelerated depreciation expense		80,117
Total restructuring charges		98,730
Retail Casinos
Restructuring Cost and Reserve [Line Items]
Restructuring		19,655
Accelerated depreciation expense		80,117
Total restructuring charges		99,772
International Interactive
Restructuring Cost and Reserve [Line Items]
Restructuring		52	9,332
Accelerated depreciation expense		0
Total restructuring charges		52
North America Interactive
Restructuring Cost and Reserve [Line Items]
Restructuring		(1,479)	5,858
Accelerated depreciation expense		0
Total restructuring charges		(1,479)
Corporate and Other
Restructuring Cost and Reserve [Line Items]
Restructuring		385	$ 1,632
Accelerated depreciation expense		0
Total restructuring charges		$ 385

RESTRUCTURING - Restructuring C

RESTRUCTURING - Restructuring Charges and Reserve (Details) - USD ($) $ in Thousands		3 Months Ended
	Jan. 18, 2023	Mar. 31, 2024	Mar. 31, 2023
Business Acquisition [Line Items]
Percentage of positions expected to be eliminated	15%
Restructuring Reserve [Roll Forward]
Restructuring reserve, beginning balance		$ 5,291
Restructuring		18,613	$ 16,822
Payments		(2,356)
Restructuring reserve, ending balance		20,698
Restructuring Reserve, Foreign Currency Translation Gain (Loss)		$ (850)

LONG-TERM DEBT - Schedule of Lo

LONG-TERM DEBT - Schedule of Long Term Debt (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Less: Unamortized original issue discount	$ (22,775)	$ (23,756)
Less: Unamortized deferred financing fees	(38,093)	(39,709)
Long-term debt, including current portion	3,680,370	3,662,635
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	3,660,920	3,643,185
Line of Credit | Term Loan Facility(1)
Debt Instrument [Line Items]
Long-term debt, gross	1,901,238	1,906,100
Line of Credit | Revolving Credit Facility
Debt Instrument [Line Items]
Long-term debt, gross	$ 355,000	335,000
Senior Notes | 5.625% Senior Notes due 2029
Debt Instrument [Line Items]
Interest rate	5.625%
Long-term debt, gross	$ 750,000	750,000
Senior Notes | 5.875% Senior Notes due 2031
Debt Instrument [Line Items]
Interest rate	5.875%
Long-term debt, gross	$ 735,000	$ 735,000

LONG-TERM DEBT - Additional Inf

LONG-TERM DEBT - Additional Information (Details) - USD ($) $ in Thousands			3 Months Ended
	Oct. 05, 2021	Oct. 01, 2021	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023	Aug. 05, 2021
Debt Instrument [Line Items]
Gain (Loss) on Extinguishment of Debt			$ 0	$ 4,044
Senior Notes | New Credit Facilities
Debt Instrument [Line Items]
Principal amount		$ 2,565,000
Maximum capacity on line of credit		30%
Senior Notes | New Credit Facilities | Federal Funds Effective Swap Rate
Debt Instrument [Line Items]
Basis spread on variable rate		0.50%
Senior Notes | New Credit Facilities | Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Basis spread on variable rate		1%
Senior Notes | 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%
Senior Notes | Senior Notes Due 2029 | Subsidiaries
Debt Instrument [Line Items]
Interest rate						5.625%
Principal amount						$ 750,000
Senior Notes | 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%
Repayments of Senior Debt	$ 15,000
Redemption price percentage	70.80%
Senior Notes | Senior Notes Due 2031 | Subsidiaries
Debt Instrument [Line Items]
Interest rate						5.875%
Principal amount						$ 750,000
Line of Credit | New Credit Facilities
Debt Instrument [Line Items]
Commitment increase limit		$ 650,000
Commitment increase limit, EBITDA		100%
Term Loan Facility(1) | New Credit Facilities
Debt Instrument [Line Items]
Basis spread on variable rate		1.50%
Principal amount		$ 1,945,000
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
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%
Term Loan Facility(1) | Line of Credit
Debt Instrument [Line Items]
Long-term debt, gross			$ 1,901,238		$ 1,906,100
Revolving Credit Facility | Line of Credit
Debt Instrument [Line Items]
Long-term debt, gross			$ 355,000		$ 335,000

LEASES - Additional Information

LEASES - Additional Information (Details)				3 Months Ended
	Jan. 03, 2023 USD ($)	Nov. 18, 2022 renewalTerm	Apr. 13, 2021 USD ($)	Mar. 31, 2024 USD ($)	Mar. 31, 2023 USD ($)	Dec. 31, 2023 USD ($)	Jun. 03, 2021 USD ($)
Lessee, Lease, Description [Line Items]
Gain on sale-leaseback				$ 0	$ 374,186,000
Right of use assets, net				1,144,815,000		$ 1,160,288,000
Lease liability				1,192,901,000		1,200,000,000
Future operating lease payments				87,700,000
Current portion of lease liabilities				$ 53,216,000		54,842,000
Increase (Decrease) In Lessee, Operating Lease, Annual Minimum Payment	$ 48,500,000
Operating Lease, Lease Income, Statement of Income or Comprehensive Income [Extensible Enumeration]				Revenue
Land						200,000,000
Operating Lease, Lease Income				$ 41,100,000	47,300,000
Financing Obligation
Lessee, Lease, Description [Line Items]
Principal amount						$ 200,000,000
Repayments of Secured Debt				$ 4,600,000	$ 4,300,000
Debt Instrument, Renewal Term, Period		20 years
Debt Instrument, Number Of Renewal Options | renewalTerm		10
Debt Instrument, Term		99 years
GLP Capital, L.P.
Lessee, Lease, Description [Line Items]
Payments to Acquire Real Estate	$ 625,400,000
Tropicana Las Vegas Hotel and Casino
Lessee, Lease, Description [Line Items]
Term of contract (in years)							50 years
Annual minimum payment			$ 10,500,000
Tropicana Las Vegas Hotel and Casino | Maximum
Lessee, Lease, Description [Line Items]
Term of contract (in years)	99 years
GLPI Master Lease [Member]
Lessee, Lease, Description [Line Items]
Term of contract (in years)							15 years
Number of renewal terms							4
Renewal term (in years)				5 years
Annual minimum payment				$ 100,500,000

LEASES - Quantitative Informati

LEASES - Quantitative Information of Operating Leases (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Lease, Cost [Abstract]
Operating lease cost	$ 37,331	$ 36,819
Variable lease cost	2,786	2,470
Operating lease expense	40,117	39,289
Short-term lease expense	5,345	2,326
Total lease expense	45,462	41,615
Cash paid for amounts included in the lease liability - operating cash flows from operating leases	31,549	31,777
Right of use assets obtained in exchange for operating lease liabilities	$ 0	$ 396,565

LEASES - Supplemental Balance S

LEASES - Supplemental Balance Sheet Information (Details)	Mar. 31, 2024	Dec. 31, 2023
Leases [Abstract]
Weighted average remaining lease term	17 years 6 months	17 years 7 months 6 days
Weighted average discount rate	7.50%	7.50%

LEASES - Future Minimum Rental

LEASES - Future Minimum Rental Commitments (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Leases [Abstract]
Remaining 2024	$ 105,806
2025	142,729
2026	142,029
2027	136,813
2028	139,087
Thereafter	1,610,537
Total lease payments	2,277,001
Less: present value discount	(1,084,100)
Lease obligations	$ 1,192,901	$ 1,200,000

STOCKHOLDERS_ EQUITY - Addition

STOCKHOLDERS’ EQUITY - Additional Information (Details)	1 Months Ended	3 Months Ended
	May 10, 2021 USD ($) shares	Mar. 31, 2024 USD ($) shares	Mar. 31, 2023 USD ($) $ / shares shares	Dec. 31, 2023 shares	Apr. 20, 2021 USD ($) $ / shares shares
Class of Stock [Line Items]
Stock repurchase program approved (up to) | $		$ 700,000,000
Available amount remaining under capital return program | $		$ 95,500,000
Number of common shares repurchased			1,026,343
Total cost | $			$ 19,753,000
Average cost per share, including commissions | $ / shares			$ 19.25
Treasury shares retired (in shares)			1,026,343
Treasury stock (in shares)		0
Cash dividend amount | $		$ 0
Common stock price (in dollars per share) | $ / shares					$ 55
Number of common shares called by warrant (in shares)					909,090
Aggregate purchase price | $					$ 50,000,000
Exercise price of warrants (in dollars per share) | $ / shares					$ 55
Maximum amount of outstanding common shares to be acquired					0.049
Common stock issued (in shares)		40,483,375		39,973,202
Common stock outstanding (in shares)		40,483,375		39,973,202
Preferred stock authorized (in shares)		10,000,000
Preferred stock, shares issued (in shares)		0		0
Warrant
Class of Stock [Line Items]
Common shares exchanged for warrants (in shares)	2,086,908
Public Stock Offering
Class of Stock [Line Items]
Shares issued in public offering (in shares)	12,650,000
Net proceeds from offering | $	$ 671,400,000

STOCKHOLDERS_ EQUITY - Shares O

STOCKHOLDERS’ EQUITY - Shares Outstanding (Details) - $ / shares	Mar. 31, 2024	Apr. 20, 2021	Nov. 18, 2020
Class of Warrant or Right [Line Items]
Number of incremental shares outstanding	14,504,537
Exercise price of warrants (in dollars per share)		$ 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)	1,621,053
Penny Warrant
Class of Warrant or Right [Line Items]
Exercise price of warrants (in dollars per share)			$ 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 dollars per share)			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 dollars per share)			30
Option on Securities | Minimum | Sinclair
Class of Warrant or Right [Line Items]
Exercise price of warrants (in dollars per share)			30
Option on Securities | Maximum
Class of Warrant or Right [Line Items]
Exercise price of warrants (in dollars per share)			45
Option on Securities | Maximum | Sinclair
Class of Warrant or Right [Line Items]
Exercise price of warrants (in dollars per share)			$ 45
Monkey Knife Fight | Penny Warrant
Class of Warrant or Right [Line Items]
Warrants (in shares)	44,128
Telescope
Class of Warrant or Right [Line Items]
Contingent shares (in shares)	8,626

SHAREHOLDERS_ EQUITY - Accumula

SHAREHOLDERS’ EQUITY - Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	$ 635,854	$ 806,247
Ending balance	449,805	1,021,612
AOCI Attributable to Parent
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(209,558)	(295,640)
Other comprehensive income (loss) before reclassifications	(10,842)	52,073
Reclassifications from accumulated other comprehensive income (loss) to earnings	4,097
Tax effect	894
Ending balance	(223,603)	(243,567)
Foreign Currency Translation Adjustment
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(177,203)	(295,984)
Other comprehensive income (loss) before reclassifications	(37,794)	52,073
Reclassifications from accumulated other comprehensive income (loss) to earnings	0
Tax effect	0
Ending balance	(214,997)	(243,911)
Benefit Plans
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	886	344
Other comprehensive income (loss) before reclassifications	0	0
Reclassifications from accumulated other comprehensive income (loss) to earnings	0
Tax effect	0
Ending balance	886	$ 344
Cash Flow Hedges
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(11,246)
Other comprehensive income (loss) before reclassifications	20,426
Reclassifications from accumulated other comprehensive income (loss) to earnings	2,886
Tax effect	(5,257)
Ending balance	1,037
Cash flow hedge gain (loss) to be reclassified within 12 months	7,300
Net Investment Hedges
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(21,995)
Other comprehensive income (loss) before reclassifications	6,526
Reclassifications from accumulated other comprehensive income (loss) to earnings	1,211
Tax effect	6,151
Ending balance	$ (10,529)

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Nov. 18, 2020
Loss Contingencies [Line Items]
Gain (Loss) Related to Litigation Settlement	$ 202,600
Capital expenditures period	5 years
Contractual Obligation	$ 146,200
Capital expenditures, Bally's Atlantic City
Loss Contingencies [Line Items]
Commitments calls for expenditures in years one through three	85,000
Commitments calls for expenditures in years four and five	15,000
Interactive Technology Commitments
Loss Contingencies [Line Items]
Contractual Obligation	46,100
Bally’s Atlantic City
Loss Contingencies [Line Items]
Capital expenditures, committed amount	5,500	$ 100,000
Capital expenditures, committed amount, hotel		35,000
Capital expenditures, committed amount, non-hotel projects		65,000
Bally's Rhode Island
Loss Contingencies [Line Items]
Capital expenditures, committed amount	57,400	$ 100,000
Bally's Chicago
Loss Contingencies [Line Items]
Capital expenditures, committed amount	1,340,000
Accounts Payable	$ 135,300

SEGMENT REPORTING (Details)

SEGMENT REPORTING (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($) segment Property	Mar. 31, 2023 USD ($)
Segment Reporting [Abstract]
Number of operating segments | segment	3
Number of reporting segments | segment	3
Number Of Casino And Resort Properties | Property	16
Number Of Horse Race Tracks | Property	1
Number Of Golf Courses | Property	1
Segment Reporting Information [Line Items]
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 26% and 10% of total revenue, respectively, for the three months ended March 31, 2024, and approximately 24% and 12%, respectively for the three months ended March 31, 2023.
Revenue	$ 618,482	$ 598,720
Adjusted EBITDAR	148,115	157,593
Depreciation and amortization	(159,746)	(74,561)
Transaction costs	(6,794)	(22,018)
Restructuring	(18,613)	(16,822)
Share-based compensation	(3,058)	(6,040)
Gain on sale-leaseback	0	374,186
Other	(2,212)	(4,368)
(Loss) income from operations	(73,955)	376,732
Interest expense, net of interest income	(73,131)	(63,264)
Other	4,554	2,610
Total other expense, net	(68,577)	(60,654)
(Loss) income before income taxes	(142,532)	316,078
Provision for income taxes	(31,382)	(137,742)
Net loss	(173,914)	178,336
Capital Expenditures	28,053	43,678
GLPI
Segment Reporting Information [Line Items]
Operating leases, rent expense, net	$ (31,647)	$ (31,238)
UNITED KINGDOM | Revenue Benchmark | Geographic Concentration Risk
Segment Reporting Information [Line Items]
Concentration Risk, Percentage	26%	24%
JAPAN | Revenue Benchmark | Geographic Concentration Risk
Segment Reporting Information [Line Items]
Concentration Risk, Percentage	10%	12%
Retail Casinos
Segment Reporting Information [Line Items]
Revenue	$ 342,329	$ 328,786
Adjusted EBITDAR	89,418	105,123
Restructuring	(19,655)
Segment, Expenditure, Addition to Long-Lived Assets	9,879	25,225
North America Interactive
Segment Reporting Information [Line Items]
Revenue	41,470	24,362
Adjusted EBITDAR	(10,158)	(10,563)
Restructuring	1,479	(5,858)
Segment, Expenditure, Addition to Long-Lived Assets	260	526
International Interactive
Segment Reporting Information [Line Items]
Revenue	234,683	245,572
Adjusted EBITDAR	83,532	80,301
Restructuring	(52)	(9,332)
Segment, Expenditure, Addition to Long-Lived Assets	246	781
Corporate and Other
Segment Reporting Information [Line Items]
Adjusted EBITDAR	(14,677)	(17,268)
Restructuring	(385)	(1,632)
Segment, Expenditure, Addition to Long-Lived Assets	$ 17,668	$ 17,146

EARNINGS (LOSS) PER SHARE (Deta

EARNINGS (LOSS) PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Earnings Per Share [Abstract]
Net (loss) income	$ (173,914)	$ 178,336
Weighted average shares outstanding, basic (in shares)	48,119,000	54,420,000
Weighted average effect of dilutive securities (in shares)	0	669,000
Weighted average shares outstanding, diluted (in shares)	48,119,000	55,089,000
Earnings Per Share, Basic and Diluted [Abstract]
Basic (in dollars per share)	$ (3.61)	$ 3.28
Diluted (in dollars per share)	$ (3.61)	$ 3.24
Share-based awards considered to be anti-dilutive (in shares)	5,157,927	5,094,394