Boyd Gaming (BYD) 10-Q 3 Aug 23 2023 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2023	Jul. 31, 2023
Document Information [Line Items]
Entity Central Index Key	0000906553
Entity Registrant Name	BOYD GAMING CORP
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2023
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2023
Document Transition Report	false
Entity File Number	1-12882
Entity Incorporation, State or Country Code	NV
Entity Tax Identification Number	88-0242733
Entity Address, Address Line One	6465 South Rainbow Boulevard
Entity Address, City or Town	Las Vegas
Entity Address, State or Province	NV
Entity Address, Postal Zip Code	89118
City Area Code	702
Local Phone Number	792-7200
Title of 12(b) Security	Common stock, $0.01 par value
Trading Symbol	BYD
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		100,012,042

Condensed Consolidated Consolid

Condensed Consolidated Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Current assets
Cash and cash equivalents	$ 260,787	$ 283,472
Restricted cash	11,615	11,593
Accounts receivable, net	104,333	109,053
Inventories	21,408	22,173
Prepaid expenses and other current assets	52,079	49,379
Income taxes receivable	8,824	2,558
Total current assets	459,046	478,228
Property and equipment, net	2,451,856	2,394,236
Operating lease right-of-use assets	810,300	830,345
Other assets, net	133,172	147,439
Intangible assets, net	1,420,692	1,427,135
Goodwill, net	1,029,415	1,033,744
Total assets	6,304,481	6,311,127
Current liabilities
Accounts payable	96,883	129,946
Current maturities of long-term debt	44,275	44,275
Accrued liabilities	405,408	411,913
Total current liabilities	546,566	586,134
Long-term debt, net of current maturities and debt issuance costs	2,899,691	3,005,134
Operating lease liabilities, net of current portion	735,345	758,440
Deferred income taxes	308,654	318,609
Other liabilities	65,416	52,185
Commitments and contingencies (Notes 6 and 7)
Stockholders' equity
Preferred stock, $0.01 par value, 5,000,000 shares authorized	0	0
Common stock, $0.01 par value, 200,000,000 shares authorized; 100,012,042 and 102,816,110 shares outstanding	1,000	1,028
Additional paid-in capital	102,723	305,152
Retained earnings	1,645,682	1,285,827
Accumulated other comprehensive loss	(596)	(1,382)
Total stockholders' equity	1,748,809	1,590,625
Total liabilities and stockholders' equity	$ 6,304,481	$ 6,311,127

Condensed Consolidated Consol_2

Condensed Consolidated Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares	Jun. 30, 2023	Dec. 31, 2022
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	5,000,000	5,000,000
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	200,000,000	200,000,000
Common stock, shares outstanding (in shares)	100,012,042	102,816,110

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022		Jun. 30, 2023	Jun. 30, 2022
Total revenues	$ 916,950	$ 894,450	[1]	$ 1,880,916	$ 1,755,193	[1]
Operating costs and expenses
Selling, general and administrative	99,070	95,662		199,389	187,709
Master lease rent expense	27,099	26,654		53,927	52,960
Maintenance and utilities	37,591	34,517		73,617	67,407
Depreciation and amortization	62,220	66,757		123,780	129,235
Corporate expense	31,705	34,872		60,360	63,876
Project development, preopening and writedowns	5,201	912		(13,673)	(9,117)
Non-cash impairment of assets	0	0		4,537	0
Other operating items, net	438	188		658	286
Total operating costs and expenses	672,921	649,380		1,352,008	1,259,065
Operating income	244,029	245,070		528,908	496,128
Other expense (income)
Interest income	(2,715)	(483)		(20,860)	(903)
Interest expense, net of amounts capitalized	42,715	36,466		86,581	74,124
Loss on early extinguishments and modifications of debt	0	16,509		0	19,809
Other, net	522	3,750		626	3,497
Total other expense, net	40,522	56,242		66,347	96,527
Income before income taxes	203,507	188,828		462,561	399,601
Income tax provision	(11,053)	(42,065)		(70,376)	(89,910)
Net income	$ 192,454	$ 146,763		$ 392,185	$ 309,691
Basic net income per common share (in dollars per share)	$ 1.89	$ 1.33		$ 3.81	$ 2.79
Weighted average basic shares outstanding (in shares)	102,025	110,118		102,818	111,151
Diluted net income per common share (in dollars per share)	$ 1.89	$ 1.33		$ 3.81	$ 2.78
Weighted average diluted shares outstanding (in shares)	102,071	110,259		102,867	111,303
Casino [Member]
Total revenues	$ 660,729	$ 684,925	[1]	$ 1,325,037	$ 1,352,879	[1]
Operating costs and expenses
Cost of Revenue	249,999	254,500		499,794	504,542
Food and Beverage [Member]
Total revenues	70,366	70,299	[1]	141,950	134,042	[1]
Operating costs and expenses
Cost of Revenue	58,622	57,456		117,951	111,390
Occupancy [Member]
Total revenues	49,761	49,904	[1]	99,826	92,313	[1]
Operating costs and expenses
Cost of Revenue	18,580	17,285		35,700	33,275
Online [Member]
Total revenues	85,002	56,774	[1]	207,865	111,850	[1]
Operating costs and expenses
Cost of Revenue	71,393	48,899		173,398	94,888
Management Service [Member]
Total revenues	17,446	0		37,476	0
Product and Service, Other [Member]
Total revenues	33,646	32,548	[1]	68,762	64,109	[1]
Operating costs and expenses
Cost of Revenue	$ 11,003	$ 11,678		$ 22,570	$ 22,614
[1]Revenues for the three and six months ended June 30, 2022 have been recast to reflect the breakout of online revenue and management fee revenue from other revenue and the segment changes made during first quarter 2023.

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Net income	$ 192,454	$ 146,763	$ 392,185	$ 309,691
Other comprehensive income (loss), net of tax:
Fair value adjustments to available-for-sale securities	112	(619)	586	(803)
Foreign currency translation adjustments	196	0	200	0
Comprehensive income	$ 192,762	$ 146,144	$ 392,971	$ 308,888

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($) $ in Thousands		Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Total
Balances (in shares) at Dec. 31, 2021		111,303,140
Balances at Dec. 31, 2021		$ 1,113	$ 827,725	$ 710,088	$ (180)	$ 1,538,746
Net income		0	0	162,928	0	162,928
Comprehensive income (loss), net of tax		$ 0	0	0	(184)	(184)
Release of restricted stock units, net of tax (in shares)		115,686
Release of restricted stock units, net of tax		$ 1	(2,720)	0	0	(2,719)
Release of performance stock units, net of tax (in shares)		294,344
Release of performance stock units, net of tax		$ 3	(8,113)	0	0	(8,110)
Shares repurchased and retired (in shares)		(2,096,660)
Shares repurchased and retired		$ (21)	(131,768)	0	0	(131,789)
Dividends declared		0	0	(16,480)	0	(16,480)
Share-based compensation costs		$ 0	8,734	0	0	8,734
Balances (in shares) at Mar. 31, 2022		109,616,510
Balances at Mar. 31, 2022		$ 1,096	693,858	856,536	(364)	1,551,126
Balances (in shares) at Dec. 31, 2021		111,303,140
Balances at Dec. 31, 2021		$ 1,113	827,725	710,088	(180)	1,538,746
Net income						309,691
Foreign currency translation adjustments						$ 0
Shares repurchased and retired (in shares)	[1],[2]					(5,115,000)
Balances (in shares) at Jun. 30, 2022		106,841,360
Balances at Jun. 30, 2022		$ 1,068	541,797	987,273	(983)	$ 1,529,155
Balances (in shares) at Mar. 31, 2022		109,616,510
Balances at Mar. 31, 2022		$ 1,096	693,858	856,536	(364)	1,551,126
Net income		0	0	146,763	0	146,763
Comprehensive income (loss), net of tax		$ 0	0	0	(619)	(619)
Foreign currency translation adjustments						0
Stock options exercised (in shares)		101,675
Stock options exercised		$ 1	1,804	0	0	1,805
Release of restricted stock units, net of tax (in shares)		140,899
Release of restricted stock units, net of tax		$ 1	(2)	0	0	(1)
Release of performance stock units, net of tax (in shares)		307
Release of performance stock units, net of tax		$ 0	(8)	0	0	$ (8)
Shares repurchased and retired (in shares)		(3,018,031)				(3,018,000)	[1],[2]
Shares repurchased and retired		$ (30)	(167,954)	0	0	$ (167,984)
Dividends declared		0	0	(16,026)	0	(16,026)
Share-based compensation costs		$ 0	14,099	0	0	14,099
Balances (in shares) at Jun. 30, 2022		106,841,360
Balances at Jun. 30, 2022		$ 1,068	541,797	987,273	(983)	$ 1,529,155
Balances (in shares) at Dec. 31, 2022		102,816,110				102,816,110
Balances at Dec. 31, 2022		$ 1,028	305,152	1,285,827	(1,382)	$ 1,590,625
Net income		0	0	199,731	0	199,731
Comprehensive income (loss), net of tax		0	0	0	474	474
Foreign currency translation adjustments		$ 0	0	0	4	4
Stock options exercised (in shares)		32,000
Stock options exercised		$ 0	315	0	0	315
Release of restricted stock units, net of tax (in shares)		45,942
Release of restricted stock units, net of tax		$ 1	(1,926)	0	0	(1,925)
Release of performance stock units, net of tax (in shares)		318,878
Release of performance stock units, net of tax		$ 3	(12,777)	0	0	(12,774)
Shares repurchased and retired (in shares)		(1,726,308)
Shares repurchased and retired		$ (17)	(106,994)	0	0	(107,011)
Dividends declared		0	0	(16,289)	0	(16,289)
Share-based compensation costs		$ 0	7,819	0	0	7,819
Balances (in shares) at Mar. 31, 2023		101,486,622
Balances at Mar. 31, 2023		$ 1,015	191,589	1,469,269	(904)	$ 1,660,969
Balances (in shares) at Dec. 31, 2022		102,816,110				102,816,110
Balances at Dec. 31, 2022		$ 1,028	305,152	1,285,827	(1,382)	$ 1,590,625
Net income						392,185
Foreign currency translation adjustments						$ 200
Shares repurchased and retired (in shares)	[1],[2]					(3,219,000)
Balances (in shares) at Jun. 30, 2023		100,012,042				100,012,042
Balances at Jun. 30, 2023		$ 1,000	102,723	1,645,682	(596)	$ 1,748,809
Balances (in shares) at Mar. 31, 2023		101,486,622
Balances at Mar. 31, 2023		$ 1,015	191,589	1,469,269	(904)	1,660,969
Net income		0	0	192,454	0	192,454
Comprehensive income (loss), net of tax		0	0	0	112	112
Foreign currency translation adjustments		$ 0	0	0	196	196
Release of restricted stock units, net of tax (in shares)		17,871
Release of restricted stock units, net of tax		$ 0	(63)	0	0	$ (63)
Shares repurchased and retired (in shares)		(1,492,451)				(1,492,000)	[1],[2]
Shares repurchased and retired		$ (15)	(101,001)	0	0	$ (101,016)
Dividends declared		0	0	(16,041)	0	(16,041)
Share-based compensation costs		$ 0	12,198	0	0	$ 12,198
Balances (in shares) at Jun. 30, 2023		100,012,042				100,012,042
Balances at Jun. 30, 2023		$ 1,000	$ 102,723	$ 1,645,682	$ (596)	$ 1,748,809
[1]All shares repurchased have been retired and constitute authorized but unissued shares.[2]Shares repurchased reflect repurchases settled during the three and six months ended June 30, 2023 and 2022. These amounts exclude repurchases, if any, traded but not yet settled on or before June 30, 2023 and 2022, respectively.

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Changes in Stockholders' Equity (Unaudited) (Parentheticals) - $ / shares	3 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2022	Mar. 31, 2022
Dividends per share (in dollars per share)	$ 0.16	$ 0.16	$ 0.15	$ 0.15

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Cash Flows from Operating Activities
Net income	$ 392,185	$ 309,691
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	123,780	129,235
Amortization of debt financing costs and discounts on debt	3,944	4,258
Non-cash operating lease expense	40,256	28,736
Non-cash expected credit loss (income) on note receivable	(34,371)	0
Share-based compensation expense	20,017	22,833
Deferred income taxes	(10,015)	18,798
Non-cash impairment of assets	4,537	0
Gain on sale of assets	0	(12,800)
Loss on early extinguishments and modifications of debt	0	19,809
Other operating activities	205	(99)
Changes in operating assets and liabilities:
Accounts receivable, net	4,739	2,724
Inventories	765	(1,001)
Prepaid expenses and other current assets	(2,220)	496
Income taxes (receivable) payable, net	(6,266)	(5,369)
Other assets, net	223	3,649
Accounts payable and accrued liabilities	38,185	40,098
Operating lease liabilities	(40,256)	(28,736)
Other liabilities	3,937	4,086
Net cash provided by operating activities	463,275	456,212
Cash Flows from Investing Activities
Capital expenditures	(171,386)	(98,699)
Payments received on note receivable	49,720	0
Proceeds received from disposition of assets	0	21,350
Other investing activities	(2,255)	0
Net cash used in investing activities	(123,921)	(77,349)
Cash Flows from Financing Activities
Borrowings under credit facilities	753,200	1,207,000
Payments under credit facilities	(862,500)	(1,025,897)
Retirements of senior notes	0	(300,000)
Premium fees	0	(12,939)
Debt financing costs	0	(13,680)
Share-based compensation activities	(14,447)	(9,033)
Shares repurchased and retired	(206,356)	(299,773)
Dividends paid	(31,764)	(16,480)
Other financing activities	(87)	(1,170)
Net cash used in financing activities	(361,954)	(471,972)
Effect of foreign currency exchange rates on cash, cash equivalents and restricted cash	(63)	0
Change in cash, cash equivalents and restricted cash	(22,663)	(93,109)
Cash, cash equivalents and restricted cash, beginning of period	295,065	357,128
Cash, cash equivalents and restricted cash, end of period	272,402	264,019
Supplemental Disclosure of Cash Flow Information
Cash paid for interest, net of amounts capitalized	84,121	70,697
Cash received for interest	8,513	0
Cash paid for income taxes	86,208	76,128
Supplemental Schedule of Non-cash Investing and Financing Activities
Payables incurred for capital expenditures	7,693	3,987
Dividends declared not yet paid	16,041	16,026
Expected credit loss (income) on note receivable	(34,371)	0
Operating lease right-of-use asset and liability remeasurements	$ 0	$ (11,224)

Note 1 - Summary of Significant

Note 1 - Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Significant Accounting Policies [Text Block]	NOTE 1. Organization Boyd Gaming Corporation (and together with its subsidiaries, the "Company", "Boyd", "Boyd Gaming", "we" or "us") was incorporated in the state of Nevada in 1988 1975. We are a geographically diversified operator of 28 wholly owned gaming entertainment properties. Headquartered in Las Vegas, Nevada, we have gaming operations in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio and Pennsylvania. In addition, we own and operate Boyd Interactive, a business-to-business ( "B2B" "B2C" Basis of Presentation The accompanying unaudited condensed consolidated financial statements of the Company have been prepared in accordance with the instructions to the Quarterly Report on Form 10 10 X not December 31, 2022 February 24, 2023. The results for the periods indicated are unaudited but reflect all adjustments, consisting only of normal recurring adjustments, that management considers necessary for a fair presentation of financial position, results of operations and cash flows. Results of operations and cash flows for the interim periods presented herein are not The accompanying condensed consolidated financial statements include the accounts of the Company and its subsidiaries. Investments in unconsolidated affiliates, which are 50% not Recasted Condensed Consolidated Statements of Operations (Unaudited) In first 2023, two 10, Segment Information three six June 30, 2022 not three six June 30, 2022. Additionally, during the first 2023, four three six June 30, 2022 10, Segment Information Cash and Cash Equivalents Cash and cash equivalents include highly liquid investments, which include cash on hand and in banks, interest-bearing deposits and money market funds with maturities of three not may Restricted Cash Restricted cash consists primarily of advance payments related to: (i) amounts restricted by regulation for gaming and racing purposes; (ii) amounts restricted by regulation for the value in players' online casino gaming accounts; and (iii) future bookings with our Hawaiian travel agency. These restricted cash balances are invested in highly liquid instruments with a maturity of 90 The following table provides a reconciliation of cash, cash equivalents and restricted cash balances reported within the condensed consolidated balance sheets to the total balance shown in the condensed consolidated statements of cash flows. June 30, December 31, June 30, December 31, (In thousands) 2023 2022 2022 2021 Cash and cash equivalents $ 260,787 $ 283,472 $ 250,195 $ 344,557 Restricted cash 11,615 11,593 13,824 12,571 Total cash, cash equivalents and restricted cash $ 272,402 $ 295,065 $ 264,019 $ 357,128 Leases Management determines if a contract is or contains a lease at inception or modification of a contract. A contract is or contains a lease if the contract conveys the right to control the use of an identified asset for a period in exchange for consideration. Control over the use of the identified asset means the lessee has both (a) the right to obtain substantially all of the economic benefits from the use of the asset and (b) the right to direct the use of the asset. Operating lease liabilities are recognized based on the present value of the remaining lease payments, discounted using the discount rate for the lease at the commencement date. Our lease terms may not Revenue Recognition The Company’s revenue contracts with customers consist of gaming wagers (including both those made at our casino properties and online B2C Collaborative Arrangements not We have established player loyalty programs to encourage repeat business from frequent and active slot machine customers and other patrons. Members earn points based on gaming activity and such points can be redeemed for complimentary slot play, food & beverage, hotel rooms and other free goods and services. Gaming wager contracts involve two not not no 5, Accrued Liabilities The Company collects advance deposits from hotel customers for future hotel reservations and other future events such as banquets and ticketed events. These advance deposits represent obligations of the Company until the hotel room stay is provided to the customer or the banquet or ticketed event occurs. See Note 5, Accrued Liabilities The Company's outstanding chip liability represents the amounts owed in exchange for gaming chips held by a customer. Outstanding chips are expected to be recognized as revenue or redeemed for cash within one 5, Accrued Liabilities The retail value of hotel accommodations, food & beverage, and other services furnished to guests without charge is recorded as departmental revenues. Gaming revenues are net of incentives earned in our player loyalty programs such as cash and the estimated retail value of goods and services (such as complimentary rooms and food & beverage). The estimated retail values related to goods and services provided to customers without charge or upon redemption of points under our player loyalty programs included in departmental revenues, and therefore reducing our gaming revenues, are as follows: Three Months Ended Six Months Ended June 30, June 30, (In thousands) 2023 2022 2023 2022 Food & beverage $ 29,336 $ 29,330 $ 57,595 $ 56,908 Room 15,346 16,706 30,494 31,789 Other 2,061 2,334 3,937 4,347 BOYD GAMING CORPORATION AND SUBSIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) — (Continued) as of June 30, 2023 December 31, 2022 three six June 30, 2023 2022 ______________________________________________________________________________________________________ Gaming Taxes We are subject to taxes based on gross gaming revenues in the jurisdictions in which we operate. These gaming taxes are assessed based on our gaming revenues and are recorded in the condensed consolidated statements of operations as a gaming expense for gaming entertainment properties and online expense for Boyd Interactive operations. Gaming taxes recorded as gaming expense totaled approximately $129.7 million three June 30, 2023 2022 six June 30, 2023 2022 Collaborative Arrangements million and $1.8 million three six June 30, 2023 not three six June 30, 2022. Income Taxes Income taxes are recorded under the asset and liability method, whereby deferred tax assets and liabilities are recognized based on the future tax consequences attributable to temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. We reduce the carrying amounts of deferred tax assets by a valuation allowance if, based on the available evidence, it is more likely than not not not" 50%. not In performing our second twelve twelve June 30, 2023. not three June 30, 2023 not second Other Long-Term Tax Liabilities The Company's income tax returns are subject to examination by the Internal Revenue Service and other tax authorities in the locations where it operates. The Company assesses potentially unfavorable outcomes of such examinations based on accounting standards for uncertain income taxes, which prescribe a minimum recognition threshold a tax position is required to meet before being recognized in the financial statements. Uncertain tax position accounting standards apply to all tax positions related to income taxes. These accounting standards utilize a two not not not Tax positions failing to qualify for initial recognition are recognized in the first not" no not" Collaborative Arrangements We hold a five one third Under certain of our collaborative arrangements, we are the primary obligor and are responsible for paying gaming taxes and other license payments owed as the gaming licensee for the related online gaming activities. We are reimbursed for these taxes and other payments by the third million three June 30, 2023 2022 six June 30, 2023 2022 Currency Translation The Company translates the financial statements of its foreign subsidiary that are not BOYD GAMING CORPORATION AND SUBSIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) — (Continued) as of June 30, 2023 December 31, 2022 three six June 30, 2023 2022 ______________________________________________________________________________________________________ Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. Recently Issued Accounting Pronouncements A variety of proposed or otherwise potential accounting standards are currently being studied by standard-setting organizations and certain regulatory agencies. Because of the tentative and preliminary nature of such proposed standards, we have not

Note 2 - Acquisition

Note 2 - Acquisition	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Mergers, Acquisitions and Dispositions Disclosures [Text Block]	NOTE 2. Pala Interactive On November 1, 2022, March 28, 2022, Pala Interactive is an innovative online gaming technology company that provides proprietary solutions on both a B2B B2C 10, Segment Information Consideration Transferred The fair value of the consideration transferred on the date of the Merger included the purchase price of the net assets transferred. The total gross cash consideration was $175.2 million (with $7.3 million of cash acquired, for total cash paid for acquisitions, net of cash received of $167.9 million). Status of Purchase Price Allocation The Company followed the acquisition method of accounting pursuant to FASB Accounting Standards Codification Topic 805 805" third second 2023, no December 31, 2022, June 30, 2023 The following table summarizes the purchase price allocation as of June 30, 2023 December 31, 2022: (In thousands) As Recorded Current assets $ 10,456 Property and equipment 445 Other assets 740 Intangible assets 77,000 Total acquired assets 88,641 Current liabilities 4,462 Other liabilities 3,007 Total liabilities assumed 7,469 Net identifiable assets acquired 81,172 Goodwill 94,037 Net assets acquired $ 175,209 BOYD GAMING CORPORATION AND SUBSIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) — (Continued) as of June 30, 2023 December 31, 2022 three six June 30, 2023 2022 ______________________________________________________________________________________________________ The following table summarizes the values assigned to acquired property and equipment and estimated useful lives: Useful Lives (In thousands) (in years) As Recorded Buildings and improvements 5 $ 22 Furniture and equipment 2 - 5 423 Property and equipment acquired $ 445 The following table summarizes the values assigned to acquired intangible assets and weighted average useful lives of definite-lived intangible assets: Useful Lives (In thousands) (in years) As Recorded Developed technology 10 $ 36,000 B2B relationships 7 - 10 28,000 B2C relationships 12 13,000 Total intangible assets acquired $ 77,000 The goodwill recognized is the excess of the purchase price over the values assigned to the assets acquired and liabilities assumed. All of the goodwill was assigned to reporting units included in the Online reportable segment. All of the goodwill, except $7.8 million allocated to Pala Canada, is expected to be deductible for income tax purposes. The Company expensed acquisition related costs of less than $0.1 million and $0.5 million for the three June 30, 2023 2022, six June 30, 2023 and 2022, The revenue and earnings from the Merger are not December 31, 2022 . January 1, 2022 not December 31, 2022.

Note 3 - Property and Equipment

Note 3 - Property and Equipment, Net	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	NOTE 3. Property and equipment, net consists of the following: June 30, December 31, (In thousands) 2023 2022 Land $ 333,899 $ 334,368 Buildings and improvements 3,195,184 3,172,676 Furniture and equipment 1,794,152 1,707,212 Riverboats and barges 241,966 241,898 Construction in progress 137,981 87,612 Total property and equipment 5,703,182 5,543,766 Less accumulated depreciation (3,251,326 ) (3,149,530 ) Property and equipment, net $ 2,451,856 $ 2,394,236 Depreciation expense is as follows: Three Months Ended Six Months Ended June 30, June 30, (In thousands) 2023 2022 2023 2022 Depreciation expense $ 58,066 $ 64,953 $ 115,465 $ 125,628

Note 4 - Goodwill and Intangibl

Note 4 - Goodwill and Intangible Assets, Net	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	NOTE 4. Intangible assets, net consist of the following: June 30, 2023 Weighted Useful Life Gross Accumulated Effect of Foreign Remaining Carrying Accumulated Impairment Currency Intangible (In thousands) (in years) Value Amortization Losses Exchange Assets, Net Amortizing intangibles Customer relationships 0.6 $ 35,050 $ (34,540 ) $ — $ — $ 510 Host agreements 9.9 58,000 (19,656 ) — — 38,344 Development agreement 6.1 21,373 (2,671 ) — — 18,702 Developed technology 9.3 38,081 (2,469 ) — 228 35,840 B2B relationships 6.6 28,000 (2,609 ) — 55 25,446 B2C relationships 11.3 13,000 (722 ) — — 12,278 193,504 (62,667 ) — 283 131,120 Indefinite lived intangible assets Trademarks Indefinite 204,000 — (36,375 ) — 167,625 Gaming license rights Indefinite 1,378,081 (33,960 ) (222,174 ) — 1,121,947 1,582,081 (33,960 ) (258,549 ) — 1,289,572 Balances, June 30, 2023 $ 1,775,585 $ (96,627 ) $ (258,549 ) $ 283 $ 1,420,692 December 31, 2022 Weighted Useful Life Gross Accumulated Effect of Foreign Remaining Carrying Accumulated Impairment Currency Intangible (In thousands) (in years) Value Amortization Losses Exchange Assets, Net Amortizing intangibles Customer relationships 0.6 $ 63,050 $ (62,070 ) $ — $ — $ 980 Host agreements 10.4 58,000 (17,722 ) — — 40,278 Development agreement 6.6 21,373 (1,145 ) — — 20,228 Developed technology 9.8 36,445 (600 ) — 53 35,898 B2B relationships 7.0 28,000 (652 ) — 12 27,360 B2C relationships 11.8 13,000 (181 ) — — 12,819 219,868 (82,370 ) — 65 137,563 Indefinite lived intangible assets Trademarks Indefinite 204,000 — (36,375 ) — 167,625 Gaming license rights Indefinite 1,378,081 (33,960 ) (222,174 ) — 1,121,947 1,582,081 (33,960 ) (258,549 ) — 1,289,572 Balances, December 31, 2022 $ 1,801,949 $ (116,330 ) $ (258,549 ) $ 65 $ 1,427,135 The following table presents the future amortization expense for our amortizing intangible assets as of June 30, 2023 (In thousands) Customer Relationships Host Agreements Development Agreement Developed Technology B2B Relationships B2C Relationships Total For the year ending December 31, 2023 (excluding six months ended June 30, 2023) $ 470 $ 1,933 $ 1,527 $ 2,319 $ 2,000 $ 542 $ 8,791 2024 40 3,867 3,053 3,986 3,914 1,083 15,943 2025 — 3,867 3,053 3,986 3,914 1,083 15,903 2026 — 3,867 3,053 3,986 3,914 1,083 15,903 2027 — 3,867 3,053 3,985 3,914 1,083 15,902 Thereafter — 20,943 4,963 17,578 7,790 7,404 58,678 Total future amortization $ 510 $ 38,344 $ 18,702 $ 35,840 $ 25,446 $ 12,278 $ 131,120 BOYD GAMING CORPORATION AND SUBSIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) — (Continued) as of June 30, 2023 December 31, 2022 three six June 30, 2023 2022 ______________________________________________________________________________________________________ Goodwill consists of the following: June 30, 2023 Effect of Gross Accumulated Foreign Carrying Accumulated Impairment Currency Goodwill, (In thousands) Value Amortization Losses Exchange Net Goodwill, net by Segment Las Vegas Locals $ 593,567 $ — $ (188,079 ) $ — $ 405,488 Downtown Las Vegas 6,997 (6,134 ) — — 863 Midwest & South 636,269 — (107,470 ) — 528,799 Online 94,037 — — 228 94,265 Managed & Other 30,529 — (30,529 ) — — Balances, June 30, 2023 $ 1,361,399 $ (6,134 ) $ (326,078 ) $ 228 $ 1,029,415 December 31, 2022 Effect of Gross Accumulated Foreign Carrying Accumulated Impairment Currency Goodwill, (In thousands) Value Amortization Losses Exchange Net Goodwill, net by Segment Las Vegas Locals $ 593,567 $ — $ (188,079 ) $ — $ 405,488 Downtown Las Vegas 6,997 (6,134 ) — — 863 Midwest & South 636,269 — (107,470 ) — 528,799 Online 94,037 — — 20 94,057 Managed & Other 30,529 — (25,992 ) — 4,537 Balances, December 31, 2022 $ 1,361,399 $ (6,134 ) $ (321,541 ) $ 20 $ 1,033,744 Goodwill as of December 31, 2022 first 2023 December 31, 2022 not 10, Segment Information During the six June 30, 2023

Note 5 - Accrued Liabilities

Note 5 - Accrued Liabilities	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Accounts Payable and Accrued Liabilities Disclosure [Text Block]	NOTE 5. Accrued liabilities consist of the following: June 30, December 31, (In thousands) 2023 2022 Payroll and related $ 64,686 $ 73,619 Interest 17,480 17,864 Gaming 74,338 77,638 Player loyalty programs 24,104 25,852 Advance deposits 17,056 20,792 Outstanding chips 7,712 7,704 Dividends payable 16,041 15,476 Operating leases 92,929 88,776 Other 91,062 84,192 Total accrued liabilities $ 405,408 $ 411,913

Note 6 - Long-term Debt

Note 6 - Long-term Debt	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Long-Term Debt [Text Block]	NOTE 6. Long-term debt, net of current maturities and debt issuance costs, consists of the following: June 30, 2023 Interest Unamortized Rates at Origination June 30, Outstanding Unamortized Fees and Long-Term (In thousands) 2023 Principal Discount Costs Debt, Net Credit facility 6.652 % $ 1,078,500 $ — $ (15,572 ) $ 1,062,928 4.750% senior notes due 2027 4.750 % 1,000,000 — (8,766 ) 991,234 4.750% senior notes due 2031 4.750 % 900,000 — (10,785 ) 889,215 Other 5.208 % 589 — — 589 Total long-term debt 2,979,089 — (35,123 ) 2,943,966 Less current maturities 44,275 — — 44,275 Long-term debt, net $ 2,934,814 $ — $ (35,123 ) $ 2,899,691 December 31, 2022 Interest Unamortized Rates at Origination December 31, Outstanding Unamortized Fees and Long-Term (In thousands) 2022 Principal Discount Costs Debt, Net Credit facility 6.166 % $ 1,187,800 $ — $ (17,865 ) $ 1,169,935 4.750% senior notes due 2027 4.750 % 1,000,000 — (9,740 ) 990,260 4.750% senior notes due 2031 4.750 % 900,000 — (11,460 ) 888,540 Other 5.208 % 674 — — 674 Total long-term debt 3,088,474 — (39,065 ) 3,049,409 Less current maturities 44,275 — — 44,275 Long-term debt, net $ 3,044,199 $ — $ (39,065 ) $ 3,005,134 The outstanding principal amounts under the Credit Facility are comprised of the following: June 30, December 31, (In thousands) 2023 2022 Revolving credit facility $ 200,000 $ 285,000 Term A loan 825,000 847,000 Swing loan 53,500 55,800 Total outstanding principal amounts $ 1,078,500 $ 1,187,800 With a total revolving credit commitment of $1,450.0 million available under the Credit Facility, $200.0 million and $53.5 million in borrowings outstanding on the Revolving Credit Facility and the Swing Loan, respectively, and $13.8 million allocated to support various letters of credit, there was a remaining contractual availability under the Credit Facility of $1,182.7 million as of June 30, 2023 Early Extinguishments and Modifications of Debt During the three six June 30, 2022, 2025 "8.625% six June 30, 2022, Covenant Compliance As of June 30, 2023 BOYD GAMING CORPORATION AND SUBSIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) — (Continued) as of June 30, 2023 December 31, 2022 three six June 30, 2023 2022 ______________________________________________________________________________________________________

Note 7 - Commitments and Contin

Note 7 - Commitments and Contingencies	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	NOTE 7. Wilton Rancheria Agreements In 2012, third 10 August 15, 2022 fourth 2022. third March 2023 first first 2023, six June 30, 2023 $49.7 mi $8.5 six June 30, 2023 June 30, 2023 $66.3 m seven $37.5 three six June 30, 2023 Commitments As of June 30, 2023 no 9, Commitments and Contingencies 10 December 31, 2022 February 24, 2023. Contingencies Legal Matters We are parties to various legal proceedings arising in the ordinary course of business. We believe that all pending claims, if adversely decided, would not

Note 8 - Stockholders' Equity a

Note 8 - Stockholders' Equity and Stock Incentive Plans	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Shareholders' Equity and Share-Based Payments [Text Block]	NOTE 8. Share Repurchase Program On October 21, 2021, June 1, 2022, May 4, 2023. June 30, 2023 may not may 10b5 1 may The following table provides information regarding share repurchases during the referenced periods ( 1 Three Months Ended Six Months Ended June 30, June 30, (In thousands, except per share data) 2023 2022 2023 2022 Shares repurchased (2) 1,492 3,018 3,219 5,115 Total cost, including brokerage fees (3) $ 100,028 $ 167,984 $ 206,356 $ 299,773 Average repurchase price per share (4) $ 67.02 $ 55.66 $ 64.11 $ 58.61 ( 1 three six June 30, 2023 2022. not June 30, 2023 2022, ( 2 ( 3 1% 2022 January 1, 2023. ( 4 may not 1% Dividends The dividends declared by the Board of Directors and reflected in the periods presented are: Declaration date Record date Payment date Amount per share February 3, 2022 March 15, 2022 April 15, 2022 $ 0.15 June 1, 2022 June 30, 2022 July 15, 2022 0.15 December 8, 2022 December 19, 2022 January 15, 2023 0.15 February 14, 2023 March 15, 2023 April 15, 2023 0.16 May 4, 2023 June 15, 2023 July 15, 2023 0.16 BOYD GAMING CORPORATION AND SUBSIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) — (Continued) as of June 30, 2023 December 31, 2022 three six June 30, 2023 2022 ______________________________________________________________________________________________________ Share-Based Compensation We account for share-based awards exchanged for employee services in accordance with the authoritative accounting guidance for share-based payments. Under the guidance, share-based compensation expense is measured at the grant date, based on the estimated fair value of the award, and is recognized as expense, net of estimated forfeitures, over the employee's requisite service period. The following table provides classification detail of the total costs related to our share-based employee compensation plans reported in our condensed consolidated statements of operations. Three Months Ended Six Months Ended June 30, June 30, (In thousands) 2023 2022 2023 2022 Gaming $ 307 $ 292 $ 528 $ 521 Food & beverage 59 56 101 100 Room 28 26 48 47 Selling, general and administrative 1,563 1,487 2,683 2,651 Corporate expense 10,241 12,239 16,657 19,514 Total share-based compensation expense $ 12,198 $ 14,100 $ 20,017 $ 22,833 Performance Shares Our stock incentive plan provides for the issuance of Performance Share Units ("PSU") grants which may The PSU grants awarded in fourth 2019 2018 first 2023 2022, 2019 2018 three The PSU grant awarded in December 2019 first 2023, 2019 2022; not 2023 The PSU grant awarded in November 2018 first 2022, 2018 2021; not 2022 Unamortized Stock Compensation Expense and Recognition Period As of June 30, 2023 June 30, 2023

Note 9 - Fair Value Measurement

Note 9 - Fair Value Measurements	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Fair Value Disclosures [Text Block]	NOTE 9. We have adopted the authoritative accounting guidance for fair value measurements, which does not These inputs create the following fair value hierarchy: Level 1 Level 2 not Level 3 one As required by the guidance for fair value measurements, financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. Thus, assets and liabilities categorized as Level 3 may 1 2 3 may BOYD GAMING CORPORATION AND SUBSIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) — (Continued) as of June 30, 2023 December 31, 2022 three six June 30, 2023 2022 ______________________________________________________________________________________________________ Balances Measured at Fair Value The following tables show the fair values of certain of our financial instruments: June 30, 2023 (In thousands) Balance Level 1 Level 2 Level 3 Assets Cash and cash equivalents $ 260,787 $ 260,787 $ — $ — Restricted cash 11,615 11,615 — — Investment available for sale 13,215 — — 13,215 December 31, 2022 (In thousands) Balance Level 1 Level 2 Level 3 Assets Cash and cash equivalents $ 283,472 $ 283,472 $ — $ — Restricted cash 11,593 11,593 — — Investment available for sale 13,670 — — 13,670 Cash and Cash Equivalents and Restricted Cash The fair values of our cash and cash equivalents and restricted cash, classified in the fair value hierarchy as Level 1, June 30, 2023 December 31, 2022 Investment Available for Sale We have an investment in a single municipal bond issuance of $17.1 million aggregate principal amount of 7.5% Urban Renewal Tax Increment Revenue Bonds, Taxable Series 2007 June 1, 2037. no 3 June 30, 2023 December 31, 2022 June 30, 2023 December 31, 2022 not June 30, 2023 December 31, 2022 June 30, 2023 December 31, 2022 June 30, 2023 December 31, 2022 The following table summarizes the changes in fair value of the Company's Level 3 Three Months Ended Six Months Ended June 30, June 30, (In thousands) 2023 2022 2023 2022 Balance at beginning of reporting period $ 14,348 $ 15,612 $ 13,670 $ 15,822 Total gains (losses) (realized or unrealized): Included in interest income 44 42 87 84 Included in other comprehensive income (loss) (497 ) (903 ) 138 (1,155 ) Purchases, sales, issuances and settlements: Settlements (680 ) (635 ) (680 ) (635 ) Balance at end of reporting period $ 13,215 $ 14,116 $ 13,215 $ 14,116 BOYD GAMING CORPORATION AND SUBSIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) — (Continued) as of June 30, 2023 December 31, 2022 three six June 30, 2023 2022 ______________________________________________________________________________________________________ We are exposed to valuation risk on our Level 3 3 100 not The fair value of indefinite-lived intangible assets, classified in the fair value hierarchy as Level 3, Balances Disclosed at Fair Value The following tables provide the fair value measurement information about our note receivable and obligation under assessment agreements: June 30, 2023 Outstanding Carrying Estimated Fair Value (In thousands) Face Amount Value Fair Value Hierarchy Asset Note receivable $ 66,335 $ 66,335 $ 65,893 Level 3 Liabilities Obligation under assessment arrangements 21,261 18,546 24,739 Level 3 December 31, 2022 Outstanding Carrying Estimated Fair Value (In thousands) Face Amount Value Fair Value Hierarchy Asset Note receivable $ 118,162 $ 83,791 $ 82,338 Level 3 Liabilities Obligation under assessment arrangements 22,293 19,304 25,738 Level 3 The following tables provide the fair value measurement information about our long-term debt: June 30, 2023 Outstanding Carrying Estimated Fair Value (In thousands) Face Amount Value Fair Value Hierarchy Credit facility $ 1,078,500 $ 1,062,928 $ 1,072,313 Level 2 4.750% senior notes due 2027 1,000,000 991,234 945,000 Level 1 4.750% senior notes due 2031 900,000 889,215 802,125 Level 1 Other 589 589 589 Level 3 Total debt $ 2,979,089 $ 2,943,966 $ 2,820,027 December 31, 2022 Outstanding Carrying Estimated Fair Value (In thousands) Face Amount Value Fair Value Hierarchy Credit facility $ 1,187,800 $ 1,169,935 $ 1,183,565 Level 2 4.750% senior notes due 2027 1,000,000 990,260 928,750 Level 1 4.750% senior notes due 2031 900,000 888,540 784,125 Level 1 Other 674 674 674 Level 3 Total debt $ 3,088,474 $ 3,049,409 $ 2,897,114 The estimated fair values of our note receivable and our obligation under assessment arrangements are based on a discounted cash flow approach after giving consideration to the changes in market rates of interest, creditworthiness of both parties and credit spread. The estimated fair value of our Credit Facility is based on a relative value analysis performed on or about June 30, 2023 December 31, 2022 June 30, 2023 December 31, 2022 2024 2025. not not Other than the retirement of the 8.625% 1 six June 30, 2022, 2 no 1, 2 3 six June 30, 2023 2022

Note 10 - Segment Information

Note 10 - Segment Information	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	NOTE 10. During the first 2023, three third November 1, 2022, Las Vegas Locals Gold Coast Hotel and Casino Las Vegas, Nevada The Orleans Hotel and Casino Las Vegas, Nevada Sam's Town Hotel and Gambling Hall Las Vegas, Nevada Suncoast Hotel and Casino Las Vegas, Nevada Eastside (1) Las Vegas, Nevada Aliante Casino + Hotel + Spa North Las Vegas, Nevada Cannery Casino Hotel North Las Vegas, Nevada Jokers Wild Henderson, Nevada Downtown Las Vegas California Hotel and Casino Las Vegas, Nevada Fremont Hotel & Casino Las Vegas, Nevada Main Street Station Hotel and Casino Las Vegas, Nevada Midwest & South Par-A-Dice Casino East Peoria, Illinois Belterra Casino Resort (2) Florence, Indiana Blue Chip Casino Hotel Spa Michigan City, Indiana Diamond Jo Casino Dubuque, Iowa Diamond Jo Worth Northwood, Iowa Kansas Star Casino Mulvane, Kansas Amelia Belle Casino Amelia, Louisiana Delta Downs Racetrack Hotel & Casino Vinton, Louisiana Evangeline Downs Racetrack & Casino Opelousas, Louisiana Sam's Town Shreveport Shreveport, Louisiana Treasure Chest Casino Kenner, Louisiana IP Casino Resort Spa Biloxi, Mississippi Sam's Town Hotel and Gambling Hall Tunica Tunica, Mississippi Ameristar Casino * Hotel Kansas City (2) Kansas City, Missouri Ameristar Casino * Resort * Spa St. Charles (2) St. Charles, Missouri Belterra Park (2) Cincinnati, Ohio Valley Forge Casino Resort King of Prussia, Pennsylvania ( 1 March 18, 2020, 19 ( 2 Results of Operations - Total Reportable Segment Revenues and Adjusted EBITDAR We evaluate profitability based on Adjusted EBITDAR, which represents earnings before interest expense, income taxes, depreciation and amortization, deferred rent, share-based compensation expense, project development, preopening and writedown expenses, impairments of assets, other operating items, net, gain or loss on early extinguishments and modifications of debt, other items, net and master lease rent expense, as applicable. Total Reportable Segment Adjusted EBITDAR is the aggregate sum of the Adjusted EBITDAR for each of the properties included in our Las Vegas Locals, Downtown Las Vegas and Midwest & South segments and Adjusted EBITDAR related to the online operations in our Online segment. Results for Downtown Las Vegas include the results of our Hawaii-based travel agency and captive insurance company as our Downtown Las Vegas properties cater to the Hawaiian market. BOYD GAMING CORPORATION AND SUBSIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) — (Continued) as of June 30, 2023 December 31, 2022 three six June 30, 2023 2022 ______________________________________________________________________________________________________ EBITDAR is a commonly used measure of performance in our industry that we believe, when considered with measures calculated in accordance with GAAP, facilitates comparisons between us and our competitors and provides our investors a more complete understanding of our operating results before the impact of investing transactions, financing transactions and income taxes. Management has historically adjusted EBITDAR when evaluating operating performance because we believe that the inclusion or exclusion of certain recurring and non-recurring items is necessary to provide a full understanding of our core operating results and as a means to evaluate period-to-period results. The following tables set forth, for the periods indicated, departmental revenues for our Reportable Segments and our Managed & Other category to reconcile to total revenues: Three Months Ended June 30, 2023 Food & Management Gaming Beverage Room Online Fee Other Total (In thousands) Revenue Revenue Revenue Revenue Revenue Revenue Revenue Revenues Las Vegas Locals $ 171,986 $ 22,219 $ 23,295 $ — $ — $ 13,440 $ 230,940 Downtown Las Vegas 34,432 10,142 5,636 — — 2,781 52,991 Midwest & South 443,440 38,005 20,830 — — 16,571 518,846 Online — — — 85,002 — — 85,002 Managed & Other 10,871 — — — 17,446 854 29,171 Total Revenues $ 660,729 $ 70,366 $ 49,761 $ 85,002 $ 17,446 $ 33,646 $ 916,950 Three Months Ended June 30, 2022 (1) Food & Management Gaming Beverage Room Online Fee Other Total (In thousands) Revenue Revenue Revenue Revenue Revenue Revenue Revenue Revenues Las Vegas Locals $ 176,875 $ 22,800 $ 22,889 $ — $ — $ 13,897 $ 236,461 Downtown Las Vegas 34,934 10,573 6,204 — — 2,188 53,899 Midwest & South 460,879 36,926 20,811 — — 16,321 534,937 Online — — — 56,774 — — 56,774 Managed & Other 12,237 — — — — 142 12,379 Total Revenues $ 684,925 $ 70,299 $ 49,904 $ 56,774 $ — $ 32,548 $ 894,450 Six Months Ended June 30, 2023 Food & Management Gaming Beverage Room Online Fee Other Total (In thousands) Revenue Revenue Revenue Revenue Revenue Revenue Revenue Revenues Las Vegas Locals $ 348,307 $ 44,982 $ 48,676 $ — $ — $ 29,245 $ 471,210 Downtown Las Vegas 70,849 20,639 12,485 — — 5,575 109,548 Midwest & South 883,525 76,329 38,665 — — 32,500 1,031,019 Online — — — 207,865 — — 207,865 Managed & Other 22,356 — — — 37,476 1,442 61,274 Total Revenues $ 1,325,037 $ 141,950 $ 99,826 $ 207,865 $ 37,476 $ 68,762 $ 1,880,916 Six Months Ended June 30, 2022 (1) Food & Management Gaming Beverage Room Online Fee Other Total (In thousands) Revenue Revenue Revenue Revenue Revenue Revenue Revenue Revenues Las Vegas Locals $ 350,465 $ 43,137 $ 42,546 $ — $ — $ 27,875 $ 464,023 Downtown Las Vegas 67,377 20,282 11,600 — — 4,124 103,383 Midwest & South 911,393 70,623 38,167 — — 31,815 1,051,998 Online — — — 111,850 — — 111,850 Managed & Other 23,644 — — — — 295 23,939 Total Revenues $ 1,352,879 $ 134,042 $ 92,313 $ 111,850 $ — $ 64,109 $ 1,755,193 ( 1 three six June 30, 2022 first 2023. BOYD GAMING CORPORATION AND SUBSIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) — (Continued) as of June 30, 2023 December 31, 2022 three six June 30, 2023 2022 ______________________________________________________________________________________________________ The following table reconciles, for the periods indicated, our Reportable Segments and our Managed & Other category Adjusted EBITDAR to net income, as reported in our accompanying condensed consolidated statements of operations with Adjusted EBITDAR for the three six June 30, 2022 first 2023: Three Months Ended Six Months Ended June 30, June 30, (In thousands) 2023 a 2022 (1) 2023 a 2022 (1) Adjusted EBITDAR Las Vegas Locals $ 118,395 $ 125,334 $ 244,555 $ 244,029 Downtown Las Vegas 19,652 22,123 42,019 40,512 Midwest & South 201,833 218,859 400,517 431,059 Online 13,400 7,678 34,023 16,566 Managed & Other 19,546 2,512 41,097 4,905 Corporate expense (21,464 ) (22,633 ) (43,703 ) (44,362 ) Adjusted EBITDAR 351,362 353,873 718,508 692,709 Other operating costs and expenses Deferred rent 177 192 354 384 Master lease rent expense 27,099 26,654 53,927 52,960 Depreciation and amortization 62,220 66,757 123,780 129,235 Share-based compensation expense 12,198 14,100 20,017 22,833 Project development, preopening and writedowns 5,201 912 (13,673 ) (9,117 ) Impairment of assets — — 4,537 — Other operating items, net 438 188 658 286 Total other operating costs and expenses 107,333 108,803 189,600 196,581 Operating income 244,029 245,070 528,908 496,128 Other expense (income) Interest income (2,715 ) (483 ) (20,860 ) (903 ) Interest expense, net of amounts capitalized 42,715 36,466 86,581 74,124 Loss on early extinguishments and modifications of debt — 16,509 — 19,809 Other, net 522 3,750 626 3,497 Total other expense, net 40,522 56,242 66,347 96,527 Income before income taxes 203,507 188,828 462,561 399,601 Income tax provision (11,053 ) (42,065 ) (70,376 ) (89,910 ) Net income $ 192,454 $ 146,763 $ 392,185 $ 309,691 ( 1 three six June 30, 2022 first 2023. For purposes of this presentation, corporate expense excludes its portion of share-based compensation expense. Corporate expense represents unallocated payroll, professional fees, rent, aircraft expenses and various other expenses that are not Total Reportable Segment Assets The Company's assets by Reportable Segment and Managed & Other category consisted of the following amounts with assets as of December 31, 2022 first 2023: June 30, December 31, (In thousands) 2023 2022 Assets Las Vegas Locals $ 1,604,868 $ 1,613,553 Downtown Las Vegas 278,520 265,876 Midwest & South 3,741,120 3,745,476 Online 234,073 226,800 Managed & Other 191,818 207,962 Corporate 254,082 251,460 Total Assets $ 6,304,481 $ 6,311,127

Note 11 - Subsequent Events

Note 11 - Subsequent Events	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Subsequent Events [Text Block]	NOTE 11. We have evaluated all events or transactions that occurred after June 30, 2023 not

Item 5. Other Information

Item 5. Other Information	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Issuer Rule 10b5-1, Material Terms [Text Block]	5. Other Information None 10b5 1 10b5 1 June 30, 2023 408

Significant Accounting Policies

Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Consolidation, Policy [Policy Text Block]	Organization Boyd Gaming Corporation (and together with its subsidiaries, the "Company", "Boyd", "Boyd Gaming", "we" or "us") was incorporated in the state of Nevada in 1988 1975. We are a geographically diversified operator of 28 wholly owned gaming entertainment properties. Headquartered in Las Vegas, Nevada, we have gaming operations in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio and Pennsylvania. In addition, we own and operate Boyd Interactive, a business-to-business ( "B2B" "B2C"
Basis of Accounting, Policy [Policy Text Block]	Basis of Presentation The accompanying unaudited condensed consolidated financial statements of the Company have been prepared in accordance with the instructions to the Quarterly Report on Form 10 10 X not December 31, 2022 February 24, 2023. The results for the periods indicated are unaudited but reflect all adjustments, consisting only of normal recurring adjustments, that management considers necessary for a fair presentation of financial position, results of operations and cash flows. Results of operations and cash flows for the interim periods presented herein are not The accompanying condensed consolidated financial statements include the accounts of the Company and its subsidiaries. Investments in unconsolidated affiliates, which are 50% not
Reclassification, Comparability Adjustment [Policy Text Block]	Recasted Condensed Consolidated Statements of Operations (Unaudited) In first 2023, two 10, Segment Information three six June 30, 2022 not three six June 30, 2022. Additionally, during the first 2023, four three six June 30, 2022 10, Segment Information
Cash and Cash Equivalents, Unrestricted Cash and Cash Equivalents, Policy [Policy Text Block]	Cash and Cash Equivalents Cash and cash equivalents include highly liquid investments, which include cash on hand and in banks, interest-bearing deposits and money market funds with maturities of three not may
Cash and Cash Equivalents, Restricted Cash and Cash Equivalents, Policy [Policy Text Block]	Restricted Cash Restricted cash consists primarily of advance payments related to: (i) amounts restricted by regulation for gaming and racing purposes; (ii) amounts restricted by regulation for the value in players' online casino gaming accounts; and (iii) future bookings with our Hawaiian travel agency. These restricted cash balances are invested in highly liquid instruments with a maturity of 90 The following table provides a reconciliation of cash, cash equivalents and restricted cash balances reported within the condensed consolidated balance sheets to the total balance shown in the condensed consolidated statements of cash flows. June 30, December 31, June 30, December 31, (In thousands) 2023 2022 2022 2021 Cash and cash equivalents $ 260,787 $ 283,472 $ 250,195 $ 344,557 Restricted cash 11,615 11,593 13,824 12,571 Total cash, cash equivalents and restricted cash $ 272,402 $ 295,065 $ 264,019 $ 357,128
Lessee, Leases [Policy Text Block]	Leases Management determines if a contract is or contains a lease at inception or modification of a contract. A contract is or contains a lease if the contract conveys the right to control the use of an identified asset for a period in exchange for consideration. Control over the use of the identified asset means the lessee has both (a) the right to obtain substantially all of the economic benefits from the use of the asset and (b) the right to direct the use of the asset. Operating lease liabilities are recognized based on the present value of the remaining lease payments, discounted using the discount rate for the lease at the commencement date. Our lease terms may not
Revenue [Policy Text Block]	Revenue Recognition The Company’s revenue contracts with customers consist of gaming wagers (including both those made at our casino properties and online B2C Collaborative Arrangements not We have established player loyalty programs to encourage repeat business from frequent and active slot machine customers and other patrons. Members earn points based on gaming activity and such points can be redeemed for complimentary slot play, food & beverage, hotel rooms and other free goods and services. Gaming wager contracts involve two not not no 5, Accrued Liabilities The Company collects advance deposits from hotel customers for future hotel reservations and other future events such as banquets and ticketed events. These advance deposits represent obligations of the Company until the hotel room stay is provided to the customer or the banquet or ticketed event occurs. See Note 5, Accrued Liabilities The Company's outstanding chip liability represents the amounts owed in exchange for gaming chips held by a customer. Outstanding chips are expected to be recognized as revenue or redeemed for cash within one 5, Accrued Liabilities The retail value of hotel accommodations, food & beverage, and other services furnished to guests without charge is recorded as departmental revenues. Gaming revenues are net of incentives earned in our player loyalty programs such as cash and the estimated retail value of goods and services (such as complimentary rooms and food & beverage). The estimated retail values related to goods and services provided to customers without charge or upon redemption of points under our player loyalty programs included in departmental revenues, and therefore reducing our gaming revenues, are as follows: Three Months Ended Six Months Ended June 30, June 30, (In thousands) 2023 2022 2023 2022 Food & beverage $ 29,336 $ 29,330 $ 57,595 $ 56,908 Room 15,346 16,706 30,494 31,789 Other 2,061 2,334 3,937 4,347
Gaming Taxes [Policy Text Block]	Gaming Taxes We are subject to taxes based on gross gaming revenues in the jurisdictions in which we operate. These gaming taxes are assessed based on our gaming revenues and are recorded in the condensed consolidated statements of operations as a gaming expense for gaming entertainment properties and online expense for Boyd Interactive operations. Gaming taxes recorded as gaming expense totaled approximately $129.7 million three June 30, 2023 2022 six June 30, 2023 2022 Collaborative Arrangements million and $1.8 million three six June 30, 2023 not three six June 30, 2022.
Income Tax, Policy [Policy Text Block]	Income Taxes Income taxes are recorded under the asset and liability method, whereby deferred tax assets and liabilities are recognized based on the future tax consequences attributable to temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. We reduce the carrying amounts of deferred tax assets by a valuation allowance if, based on the available evidence, it is more likely than not not not" 50%. not In performing our second twelve twelve June 30, 2023. not three June 30, 2023 not second Other Long-Term Tax Liabilities The Company's income tax returns are subject to examination by the Internal Revenue Service and other tax authorities in the locations where it operates. The Company assesses potentially unfavorable outcomes of such examinations based on accounting standards for uncertain income taxes, which prescribe a minimum recognition threshold a tax position is required to meet before being recognized in the financial statements. Uncertain tax position accounting standards apply to all tax positions related to income taxes. These accounting standards utilize a two not not not Tax positions failing to qualify for initial recognition are recognized in the first not" no not"
Collaborative Arrangement, Accounting Policy [Policy Text Block]	Collaborative Arrangements We hold a five one third Under certain of our collaborative arrangements, we are the primary obligor and are responsible for paying gaming taxes and other license payments owed as the gaming licensee for the related online gaming activities. We are reimbursed for these taxes and other payments by the third million three June 30, 2023 2022 six June 30, 2023 2022
Foreign Currency Transactions and Translations Policy [Policy Text Block]	Currency Translation The Company translates the financial statements of its foreign subsidiary that are not
Use of Estimates, Policy [Policy Text Block]	Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates.
New Accounting Pronouncements, Policy [Policy Text Block]	Recently Issued Accounting Pronouncements A variety of proposed or otherwise potential accounting standards are currently being studied by standard-setting organizations and certain regulatory agencies. Because of the tentative and preliminary nature of such proposed standards, we have not

Note 1 - Summary of Significa_2

Note 1 - Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Schedule of Cash and Cash Equivalents and Restricted Cash [Table Text Block]	June 30, December 31, June 30, December 31, (In thousands) 2023 2022 2022 2021 Cash and cash equivalents $ 260,787 $ 283,472 $ 250,195 $ 344,557 Restricted cash 11,615 11,593 13,824 12,571 Total cash, cash equivalents and restricted cash $ 272,402 $ 295,065 $ 264,019 $ 357,128
Schedule Of Promotional Allowances [Table Text Block]	Three Months Ended Six Months Ended June 30, June 30, (In thousands) 2023 2022 2023 2022 Food & beverage $ 29,336 $ 29,330 $ 57,595 $ 56,908 Room 15,346 16,706 30,494 31,789 Other 2,061 2,334 3,937 4,347

Note 2 - Acquisition (Tables)

Note 2 - Acquisition (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Schedule of Business Acquisitions, by Acquisition [Table Text Block]	(In thousands) As Recorded Current assets $ 10,456 Property and equipment 445 Other assets 740 Intangible assets 77,000 Total acquired assets 88,641 Current liabilities 4,462 Other liabilities 3,007 Total liabilities assumed 7,469 Net identifiable assets acquired 81,172 Goodwill 94,037 Net assets acquired $ 175,209
Business Combination, Assets Acquired, Property, Plant, and Equipment [Table Text Block]	Useful Lives (In thousands) (in years) As Recorded Buildings and improvements 5 $ 22 Furniture and equipment 2 - 5 423 Property and equipment acquired $ 445
Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]	Useful Lives (In thousands) (in years) As Recorded Developed technology 10 $ 36,000 B2B relationships 7 - 10 28,000 B2C relationships 12 13,000 Total intangible assets acquired $ 77,000

Note 3 - Property and Equipme_2

Note 3 - Property and Equipment, Net (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Property, Plant and Equipment [Table Text Block]	June 30, December 31, (In thousands) 2023 2022 Land $ 333,899 $ 334,368 Buildings and improvements 3,195,184 3,172,676 Furniture and equipment 1,794,152 1,707,212 Riverboats and barges 241,966 241,898 Construction in progress 137,981 87,612 Total property and equipment 5,703,182 5,543,766 Less accumulated depreciation (3,251,326 ) (3,149,530 ) Property and equipment, net $ 2,451,856 $ 2,394,236
Depreciation Expense [Table Text Block]	Three Months Ended Six Months Ended June 30, June 30, (In thousands) 2023 2022 2023 2022 Depreciation expense $ 58,066 $ 64,953 $ 115,465 $ 125,628

Note 4 - Goodwill and Intangi_2

Note 4 - Goodwill and Intangible Assets, Net (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Schedule of Intangible Assets and Goodwill [Table Text Block]	June 30, 2023 Weighted Useful Life Gross Accumulated Effect of Foreign Remaining Carrying Accumulated Impairment Currency Intangible (In thousands) (in years) Value Amortization Losses Exchange Assets, Net Amortizing intangibles Customer relationships 0.6 $ 35,050 $ (34,540 ) $ — $ — $ 510 Host agreements 9.9 58,000 (19,656 ) — — 38,344 Development agreement 6.1 21,373 (2,671 ) — — 18,702 Developed technology 9.3 38,081 (2,469 ) — 228 35,840 B2B relationships 6.6 28,000 (2,609 ) — 55 25,446 B2C relationships 11.3 13,000 (722 ) — — 12,278 193,504 (62,667 ) — 283 131,120 Indefinite lived intangible assets Trademarks Indefinite 204,000 — (36,375 ) — 167,625 Gaming license rights Indefinite 1,378,081 (33,960 ) (222,174 ) — 1,121,947 1,582,081 (33,960 ) (258,549 ) — 1,289,572 Balances, June 30, 2023 $ 1,775,585 $ (96,627 ) $ (258,549 ) $ 283 $ 1,420,692 December 31, 2022 Weighted Useful Life Gross Accumulated Effect of Foreign Remaining Carrying Accumulated Impairment Currency Intangible (In thousands) (in years) Value Amortization Losses Exchange Assets, Net Amortizing intangibles Customer relationships 0.6 $ 63,050 $ (62,070 ) $ — $ — $ 980 Host agreements 10.4 58,000 (17,722 ) — — 40,278 Development agreement 6.6 21,373 (1,145 ) — — 20,228 Developed technology 9.8 36,445 (600 ) — 53 35,898 B2B relationships 7.0 28,000 (652 ) — 12 27,360 B2C relationships 11.8 13,000 (181 ) — — 12,819 219,868 (82,370 ) — 65 137,563 Indefinite lived intangible assets Trademarks Indefinite 204,000 — (36,375 ) — 167,625 Gaming license rights Indefinite 1,378,081 (33,960 ) (222,174 ) — 1,121,947 1,582,081 (33,960 ) (258,549 ) — 1,289,572 Balances, December 31, 2022 $ 1,801,949 $ (116,330 ) $ (258,549 ) $ 65 $ 1,427,135
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	(In thousands) Customer Relationships Host Agreements Development Agreement Developed Technology B2B Relationships B2C Relationships Total For the year ending December 31, 2023 (excluding six months ended June 30, 2023) $ 470 $ 1,933 $ 1,527 $ 2,319 $ 2,000 $ 542 $ 8,791 2024 40 3,867 3,053 3,986 3,914 1,083 15,943 2025 — 3,867 3,053 3,986 3,914 1,083 15,903 2026 — 3,867 3,053 3,986 3,914 1,083 15,903 2027 — 3,867 3,053 3,985 3,914 1,083 15,902 Thereafter — 20,943 4,963 17,578 7,790 7,404 58,678 Total future amortization $ 510 $ 38,344 $ 18,702 $ 35,840 $ 25,446 $ 12,278 $ 131,120
Schedule of Goodwill [Table Text Block]	June 30, 2023 Effect of Gross Accumulated Foreign Carrying Accumulated Impairment Currency Goodwill, (In thousands) Value Amortization Losses Exchange Net Goodwill, net by Segment Las Vegas Locals $ 593,567 $ — $ (188,079 ) $ — $ 405,488 Downtown Las Vegas 6,997 (6,134 ) — — 863 Midwest & South 636,269 — (107,470 ) — 528,799 Online 94,037 — — 228 94,265 Managed & Other 30,529 — (30,529 ) — — Balances, June 30, 2023 $ 1,361,399 $ (6,134 ) $ (326,078 ) $ 228 $ 1,029,415 December 31, 2022 Effect of Gross Accumulated Foreign Carrying Accumulated Impairment Currency Goodwill, (In thousands) Value Amortization Losses Exchange Net Goodwill, net by Segment Las Vegas Locals $ 593,567 $ — $ (188,079 ) $ — $ 405,488 Downtown Las Vegas 6,997 (6,134 ) — — 863 Midwest & South 636,269 — (107,470 ) — 528,799 Online 94,037 — — 20 94,057 Managed & Other 30,529 — (25,992 ) — 4,537 Balances, December 31, 2022 $ 1,361,399 $ (6,134 ) $ (321,541 ) $ 20 $ 1,033,744

Note 5 - Accrued Liabilities (T

Note 5 - Accrued Liabilities (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Schedule of Accrued Liabilities [Table Text Block]	June 30, December 31, (In thousands) 2023 2022 Payroll and related $ 64,686 $ 73,619 Interest 17,480 17,864 Gaming 74,338 77,638 Player loyalty programs 24,104 25,852 Advance deposits 17,056 20,792 Outstanding chips 7,712 7,704 Dividends payable 16,041 15,476 Operating leases 92,929 88,776 Other 91,062 84,192 Total accrued liabilities $ 405,408 $ 411,913

Note 6 - Long-term Debt (Tables

Note 6 - Long-term Debt (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Schedule of Long-Term Debt Instruments [Table Text Block]	June 30, 2023 Interest Unamortized Rates at Origination June 30, Outstanding Unamortized Fees and Long-Term (In thousands) 2023 Principal Discount Costs Debt, Net Credit facility 6.652 % $ 1,078,500 $ — $ (15,572 ) $ 1,062,928 4.750% senior notes due 2027 4.750 % 1,000,000 — (8,766 ) 991,234 4.750% senior notes due 2031 4.750 % 900,000 — (10,785 ) 889,215 Other 5.208 % 589 — — 589 Total long-term debt 2,979,089 — (35,123 ) 2,943,966 Less current maturities 44,275 — — 44,275 Long-term debt, net $ 2,934,814 $ — $ (35,123 ) $ 2,899,691 December 31, 2022 Interest Unamortized Rates at Origination December 31, Outstanding Unamortized Fees and Long-Term (In thousands) 2022 Principal Discount Costs Debt, Net Credit facility 6.166 % $ 1,187,800 $ — $ (17,865 ) $ 1,169,935 4.750% senior notes due 2027 4.750 % 1,000,000 — (9,740 ) 990,260 4.750% senior notes due 2031 4.750 % 900,000 — (11,460 ) 888,540 Other 5.208 % 674 — — 674 Total long-term debt 3,088,474 — (39,065 ) 3,049,409 Less current maturities 44,275 — — 44,275 Long-term debt, net $ 3,044,199 $ — $ (39,065 ) $ 3,005,134
Schedule of Line of Credit Facilities [Table Text Block]	June 30, December 31, (In thousands) 2023 2022 Revolving credit facility $ 200,000 $ 285,000 Term A loan 825,000 847,000 Swing loan 53,500 55,800 Total outstanding principal amounts $ 1,078,500 $ 1,187,800

Note 8 - Stockholders' Equity_2

Note 8 - Stockholders' Equity and Stock Incentive Plans (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Share Repurchase Program [Table Text Block]	Three Months Ended Six Months Ended June 30, June 30, (In thousands, except per share data) 2023 2022 2023 2022 Shares repurchased (2) 1,492 3,018 3,219 5,115 Total cost, including brokerage fees (3) $ 100,028 $ 167,984 $ 206,356 $ 299,773 Average repurchase price per share (4) $ 67.02 $ 55.66 $ 64.11 $ 58.61
Dividends Declared [Table Text Block]	Declaration date Record date Payment date Amount per share February 3, 2022 March 15, 2022 April 15, 2022 $ 0.15 June 1, 2022 June 30, 2022 July 15, 2022 0.15 December 8, 2022 December 19, 2022 January 15, 2023 0.15 February 14, 2023 March 15, 2023 April 15, 2023 0.16 May 4, 2023 June 15, 2023 July 15, 2023 0.16
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Table Text Block]	Three Months Ended Six Months Ended June 30, June 30, (In thousands) 2023 2022 2023 2022 Gaming $ 307 $ 292 $ 528 $ 521 Food & beverage 59 56 101 100 Room 28 26 48 47 Selling, general and administrative 1,563 1,487 2,683 2,651 Corporate expense 10,241 12,239 16,657 19,514 Total share-based compensation expense $ 12,198 $ 14,100 $ 20,017 $ 22,833

Note 9 - Fair Value Measureme_2

Note 9 - Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Fair Value, by Balance Sheet Grouping [Table Text Block]	June 30, 2023 (In thousands) Balance Level 1 Level 2 Level 3 Assets Cash and cash equivalents $ 260,787 $ 260,787 $ — $ — Restricted cash 11,615 11,615 — — Investment available for sale 13,215 — — 13,215 December 31, 2022 (In thousands) Balance Level 1 Level 2 Level 3 Assets Cash and cash equivalents $ 283,472 $ 283,472 $ — $ — Restricted cash 11,593 11,593 — — Investment available for sale 13,670 — — 13,670
Fair Value Asset (Liability) Measured On Recurring Basis Unobservable Input Reconciliation [Table Text Block]	Three Months Ended Six Months Ended June 30, June 30, (In thousands) 2023 2022 2023 2022 Balance at beginning of reporting period $ 14,348 $ 15,612 $ 13,670 $ 15,822 Total gains (losses) (realized or unrealized): Included in interest income 44 42 87 84 Included in other comprehensive income (loss) (497 ) (903 ) 138 (1,155 ) Purchases, sales, issuances and settlements: Settlements (680 ) (635 ) (680 ) (635 ) Balance at end of reporting period $ 13,215 $ 14,116 $ 13,215 $ 14,116
Fair Value, Liabilities Measured on Recurring and Nonrecurring Basis [Table Text Block]	June 30, 2023 Outstanding Carrying Estimated Fair Value (In thousands) Face Amount Value Fair Value Hierarchy Asset Note receivable $ 66,335 $ 66,335 $ 65,893 Level 3 Liabilities Obligation under assessment arrangements 21,261 18,546 24,739 Level 3 December 31, 2022 Outstanding Carrying Estimated Fair Value (In thousands) Face Amount Value Fair Value Hierarchy Asset Note receivable $ 118,162 $ 83,791 $ 82,338 Level 3 Liabilities Obligation under assessment arrangements 22,293 19,304 25,738 Level 3
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments [Table Text Block]	June 30, 2023 Outstanding Carrying Estimated Fair Value (In thousands) Face Amount Value Fair Value Hierarchy Credit facility $ 1,078,500 $ 1,062,928 $ 1,072,313 Level 2 4.750% senior notes due 2027 1,000,000 991,234 945,000 Level 1 4.750% senior notes due 2031 900,000 889,215 802,125 Level 1 Other 589 589 589 Level 3 Total debt $ 2,979,089 $ 2,943,966 $ 2,820,027 December 31, 2022 Outstanding Carrying Estimated Fair Value (In thousands) Face Amount Value Fair Value Hierarchy Credit facility $ 1,187,800 $ 1,169,935 $ 1,183,565 Level 2 4.750% senior notes due 2027 1,000,000 990,260 928,750 Level 1 4.750% senior notes due 2031 900,000 888,540 784,125 Level 1 Other 674 674 674 Level 3 Total debt $ 3,088,474 $ 3,049,409 $ 2,897,114

Note 10 - Segment Information (

Note 10 - Segment Information (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Reconciliation of Revenue from Segments to Consolidated [Table Text Block]	Three Months Ended June 30, 2023 Food & Management Gaming Beverage Room Online Fee Other Total (In thousands) Revenue Revenue Revenue Revenue Revenue Revenue Revenue Revenues Las Vegas Locals $ 171,986 $ 22,219 $ 23,295 $ — $ — $ 13,440 $ 230,940 Downtown Las Vegas 34,432 10,142 5,636 — — 2,781 52,991 Midwest & South 443,440 38,005 20,830 — — 16,571 518,846 Online — — — 85,002 — — 85,002 Managed & Other 10,871 — — — 17,446 854 29,171 Total Revenues $ 660,729 $ 70,366 $ 49,761 $ 85,002 $ 17,446 $ 33,646 $ 916,950 Three Months Ended June 30, 2022 (1) Food & Management Gaming Beverage Room Online Fee Other Total (In thousands) Revenue Revenue Revenue Revenue Revenue Revenue Revenue Revenues Las Vegas Locals $ 176,875 $ 22,800 $ 22,889 $ — $ — $ 13,897 $ 236,461 Downtown Las Vegas 34,934 10,573 6,204 — — 2,188 53,899 Midwest & South 460,879 36,926 20,811 — — 16,321 534,937 Online — — — 56,774 — — 56,774 Managed & Other 12,237 — — — — 142 12,379 Total Revenues $ 684,925 $ 70,299 $ 49,904 $ 56,774 $ — $ 32,548 $ 894,450 Six Months Ended June 30, 2023 Food & Management Gaming Beverage Room Online Fee Other Total (In thousands) Revenue Revenue Revenue Revenue Revenue Revenue Revenue Revenues Las Vegas Locals $ 348,307 $ 44,982 $ 48,676 $ — $ — $ 29,245 $ 471,210 Downtown Las Vegas 70,849 20,639 12,485 — — 5,575 109,548 Midwest & South 883,525 76,329 38,665 — — 32,500 1,031,019 Online — — — 207,865 — — 207,865 Managed & Other 22,356 — — — 37,476 1,442 61,274 Total Revenues $ 1,325,037 $ 141,950 $ 99,826 $ 207,865 $ 37,476 $ 68,762 $ 1,880,916 Six Months Ended June 30, 2022 (1) Food & Management Gaming Beverage Room Online Fee Other Total (In thousands) Revenue Revenue Revenue Revenue Revenue Revenue Revenue Revenues Las Vegas Locals $ 350,465 $ 43,137 $ 42,546 $ — $ — $ 27,875 $ 464,023 Downtown Las Vegas 67,377 20,282 11,600 — — 4,124 103,383 Midwest & South 911,393 70,623 38,167 — — 31,815 1,051,998 Online — — — 111,850 — — 111,850 Managed & Other 23,644 — — — — 295 23,939 Total Revenues $ 1,352,879 $ 134,042 $ 92,313 $ 111,850 $ — $ 64,109 $ 1,755,193
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block]	Three Months Ended Six Months Ended June 30, June 30, (In thousands) 2023 a 2022 (1) 2023 a 2022 (1) Adjusted EBITDAR Las Vegas Locals $ 118,395 $ 125,334 $ 244,555 $ 244,029 Downtown Las Vegas 19,652 22,123 42,019 40,512 Midwest & South 201,833 218,859 400,517 431,059 Online 13,400 7,678 34,023 16,566 Managed & Other 19,546 2,512 41,097 4,905 Corporate expense (21,464 ) (22,633 ) (43,703 ) (44,362 ) Adjusted EBITDAR 351,362 353,873 718,508 692,709 Other operating costs and expenses Deferred rent 177 192 354 384 Master lease rent expense 27,099 26,654 53,927 52,960 Depreciation and amortization 62,220 66,757 123,780 129,235 Share-based compensation expense 12,198 14,100 20,017 22,833 Project development, preopening and writedowns 5,201 912 (13,673 ) (9,117 ) Impairment of assets — — 4,537 — Other operating items, net 438 188 658 286 Total other operating costs and expenses 107,333 108,803 189,600 196,581 Operating income 244,029 245,070 528,908 496,128 Other expense (income) Interest income (2,715 ) (483 ) (20,860 ) (903 ) Interest expense, net of amounts capitalized 42,715 36,466 86,581 74,124 Loss on early extinguishments and modifications of debt — 16,509 — 19,809 Other, net 522 3,750 626 3,497 Total other expense, net 40,522 56,242 66,347 96,527 Income before income taxes 203,507 188,828 462,561 399,601 Income tax provision (11,053 ) (42,065 ) (70,376 ) (89,910 ) Net income $ 192,454 $ 146,763 $ 392,185 $ 309,691
Reconciliation of Assets from Segment to Consolidated [Table Text Block]	June 30, December 31, (In thousands) 2023 2022 Assets Las Vegas Locals $ 1,604,868 $ 1,613,553 Downtown Las Vegas 278,520 265,876 Midwest & South 3,741,120 3,745,476 Online 234,073 226,800 Managed & Other 191,818 207,962 Corporate 254,082 251,460 Total Assets $ 6,304,481 $ 6,311,127

Note 1 - Summary of Significa_3

Note 1 - Summary of Significant Accounting Policies (Details Textual) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Dec. 31, 2022
Number of Gaming Entertainment Properties	28		28
Number of Reportable Segments			4		3
Taxes, Other	$ 129,700	$ 135,100	$ 259,800	$ 266,900
Taxes Deposited Pursuant to the Online Collaborative Agreements	1,200	0	1,800	0
Deferred Tax Assets, Valuation Allowance	35,900		35,900
Online [Member]
Taxes Deposited Pursuant to the Online Collaborative Agreements	$ 63,300	$ 48,000	$ 159,300	$ 89,900

Note 1 - Summary of Significa_4

Note 1 - Summary of Significant Accounting Policies - Reconciliation of Cash, Cash Equivalents and Restricted Cash (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022	Jun. 30, 2022	Dec. 31, 2021
Cash and cash equivalents	$ 260,787	$ 283,472	$ 250,195	$ 344,557
Restricted cash	11,615	11,593	13,824	12,571
Total cash, cash equivalents and restricted cash	$ 272,402	$ 295,065	$ 264,019	$ 357,128

Note 1 - Summary of Significa_5

Note 1 - Summary of Significant Accounting Policies - Schedule of Promotional Allowances (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Food and Beverage [Member]
Promotional allowance	$ 29,336	$ 29,330	$ 57,595	$ 56,908
Occupancy [Member]
Promotional allowance	15,346	16,706	30,494	31,789
Product and Service, Other [Member]
Promotional allowance	$ 2,061	$ 2,334	$ 3,937	$ 4,347

Note 2 - Acquisition (Details T

Note 2 - Acquisition (Details Textual) - Pala Interactive LLC [Member] - USD ($) $ in Millions		3 Months Ended		6 Months Ended
	Nov. 01, 2022	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Payments to Acquire Businesses, Gross	$ 175.2
Cash Acquired from Acquisition	7.3
Payments to Acquire Businesses, Net of Cash Acquired	167.9
Business Combination, Acquisition Related Costs		$ 0.1	$ 0.5	$ 0.1	$ 2.3
Pala Canada [Member]
Business Acquisition, Goodwill, Expected Tax Non-Deductible Amount	$ 7.8

Note 2 - Acquisition - Schedule

Note 2 - Acquisition - Schedule of Acquisitions (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022	Nov. 01, 2022
Goodwill	$ 1,029,415	$ 1,033,744
Pala Interactive LLC [Member]
Current assets			$ 10,456
Property and equipment			445
Other assets			740
Intangible assets			77,000
Total acquired assets			88,641
Current liabilities			4,462
Other liabilities			3,007
Total liabilities assumed			7,469
Net identifiable assets acquired			81,172
Goodwill			94,037
Net assets acquired			$ 175,209

Note 2 - Acquisition - Acquired

Note 2 - Acquisition - Acquired Property, Plant, and Equipment (Details) - Pala Interactive LLC [Member] $ in Thousands	Nov. 01, 2022 USD ($)
Property and equipment acquired	$ 445
Building and Building Improvements [Member]
Property, pant, and equipment, useful life (Year)	5 years
Property and equipment acquired	$ 22
Furniture and Equipment [Member]
Property and equipment acquired	$ 423
Furniture and Equipment [Member] | Minimum [Member]
Property, pant, and equipment, useful life (Year)	2 years
Furniture and Equipment [Member] | Maximum [Member]
Property, pant, and equipment, useful life (Year)	5 years

Note 2 - Acquisition - Intangib

Note 2 - Acquisition - Intangible Assets Acquired as Part of Business Combination (Details) - Pala Interactive LLC [Member] $ in Millions	Nov. 01, 2022 USD ($)
Intangible assets acquired	$ 77
Developed Technology Rights [Member]
Acquired intangible assets, useful life (Year)	10 years
Intangible assets acquired	$ 36
Business to Business Relationships [Member]
Intangible assets acquired	$ 28
Business to Business Relationships [Member] | Minimum [Member]
Acquired intangible assets, useful life (Year)	7 years
Business to Business Relationships [Member] | Maximum [Member]
Acquired intangible assets, useful life (Year)	10 years
Business to Consumer Relationship [Member]
Acquired intangible assets, useful life (Year)	12 years
Intangible assets acquired	$ 13

Note 3 - Property and Equipme_3

Note 3 - Property and Equipment, Net - Schedule of Property and Equipment (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Property and equipment, gross	$ 5,703,182	$ 5,543,766
Less accumulated depreciation	(3,251,326)	(3,149,530)
Property and equipment, net	2,451,856	2,394,236
Land [Member]
Property and equipment, gross	333,899	334,368
Building and Building Improvements [Member]
Property and equipment, gross	3,195,184	3,172,676
Furniture and Fixtures [Member]
Property and equipment, gross	1,794,152	1,707,212
Riverboats And Barges [Member]
Property and equipment, gross	241,966	241,898
Construction in Progress [Member]
Property and equipment, gross	$ 137,981	$ 87,612

Note 3 - Property and Equipme_4

Note 3 - Property and Equipment, Net - Depreciation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Depreciation expense	$ 58,066	$ 64,953	$ 115,465	$ 125,628

Note 4 - Goodwill and Intangi_3

Note 4 - Goodwill and Intangible Assets, Net (Details Textual) $ in Millions	6 Months Ended
	Jun. 30, 2023 USD ($)
Managed and Other [Member]
Goodwill, Impairment Loss	$ 4.5

Note 4 - Goodwill and Intangi_4

Note 4 - Goodwill and Intangible Assets, Net - Schedule of Intangible Assets (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Intangible assets, gross carrying value	$ 193,504	$ 219,868
Intangible assets, cumulative amortization	(62,667)	(82,370)
Intangible assets, cumulative impairment losses	0	0
Effect of foreign currency exchange	283	65
Intangible assets, net	131,120	137,563
Intangible assets, gross carrying value	1,582,081	1,582,081
Intangible assets, cumulative amortization	(33,960)	(33,960)
Intangible assets, cumulative impairment losses	(258,549)	(258,549)
effect of foreign currency exchange	0	0
Intangible assets, net	1,289,572	1,289,572
Intangible assets, gross carrying value	1,775,585	1,801,949
Intangible assets, cumulative amortization	(96,627)	(116,330)
Intangible assets, cumulative impairment losses	(258,549)	(258,549)
effect of foreign currency exchange	283	65
Intangible assets, net	1,420,692	1,427,135
Trademarks [Member]
Intangible assets, gross carrying value	204,000	204,000
Intangible assets, cumulative amortization	0	0
Intangible assets, cumulative impairment losses	(36,375)	(36,375)
effect of foreign currency exchange	0	0
Intangible assets, net	167,625	167,625
Gaming License Right [Member]
Intangible assets, gross carrying value	1,378,081	1,378,081
Intangible assets, cumulative amortization	(33,960)	(33,960)
Intangible assets, cumulative impairment losses	(222,174)	(222,174)
effect of foreign currency exchange	0	0
Intangible assets, net	1,121,947	1,121,947
Customer Relationships [Member]
Intangible assets, gross carrying value	35,050	63,050
Intangible assets, cumulative amortization	(34,540)	(62,070)
Intangible assets, cumulative impairment losses	0	0
Effect of foreign currency exchange	0	0
Intangible assets, net	$ 510	$ 980
Customer Relationships [Member] | Weighted Average [Member]
Intangible assets, weighted average life remaining (Year)	7 months 6 days	7 months 6 days
Host Agreements [Member]
Intangible assets, gross carrying value	$ 58,000	$ 58,000
Intangible assets, cumulative amortization	(19,656)	(17,722)
Intangible assets, cumulative impairment losses	0	0
Effect of foreign currency exchange	0	0
Intangible assets, net	$ 38,344	$ 40,278
Host Agreements [Member] | Weighted Average [Member]
Intangible assets, weighted average life remaining (Year)	9 years 10 months 24 days	10 years 4 months 24 days
Development Agreements [Member]
Intangible assets, gross carrying value	$ 21,373	$ 21,373
Intangible assets, cumulative amortization	(2,671)	(1,145)
Intangible assets, cumulative impairment losses	0	0
Effect of foreign currency exchange	0	0
Intangible assets, net	$ 18,702	$ 20,228
Development Agreements [Member] | Weighted Average [Member]
Intangible assets, weighted average life remaining (Year)	6 years 1 month 6 days	6 years 7 months 6 days
Developed Technology Rights [Member]
Intangible assets, gross carrying value	$ 38,081	$ 36,445
Intangible assets, cumulative amortization	(2,469)	(600)
Intangible assets, cumulative impairment losses	0	0
Effect of foreign currency exchange	228	53
Intangible assets, net	$ 35,840	$ 35,898
Developed Technology Rights [Member] | Weighted Average [Member]
Intangible assets, weighted average life remaining (Year)	9 years 3 months 18 days	9 years 9 months 18 days
Business to Business Relationships [Member]
Intangible assets, gross carrying value	$ 28,000	$ 28,000
Intangible assets, cumulative amortization	(2,609)	(652)
Intangible assets, cumulative impairment losses	0	0
Effect of foreign currency exchange	55	12
Intangible assets, net	$ 25,446	$ 27,360
Business to Business Relationships [Member] | Weighted Average [Member]
Intangible assets, weighted average life remaining (Year)	6 years 7 months 6 days	7 years
Business to Consumer Relationship [Member]
Intangible assets, gross carrying value	$ 13,000	$ 13,000
Intangible assets, cumulative amortization	(722)	(181)
Intangible assets, cumulative impairment losses	0	0
Effect of foreign currency exchange	0	0
Intangible assets, net	$ 12,278	$ 12,819
Business to Consumer Relationship [Member] | Weighted Average [Member]
Intangible assets, weighted average life remaining (Year)	11 years 3 months 18 days	11 years 9 months 18 days

Note 4 - Goodwill and Intangi_5

Note 4 - Goodwill and Intangible Assets, Net - Future Amortization (Details) $ in Thousands	Jun. 30, 2023 USD ($)
2023 (excluding six months ended June 30, 2023)	$ 8,791
2024	15,943
2025	15,903
2026	15,903
2027	15,902
Thereafter	58,678
Total future amortization	131,120
Customer Relationships [Member]
2023 (excluding six months ended June 30, 2023)	470
2024	40
2025	0
2026	0
2027	0
Thereafter	0
Total future amortization	510
Host Agreements [Member]
2023 (excluding six months ended June 30, 2023)	1,933
2024	3,867
2025	3,867
2026	3,867
2027	3,867
Thereafter	20,943
Total future amortization	38,344
Development Agreement [Member]
2023 (excluding six months ended June 30, 2023)	1,527
2024	3,053
2025	3,053
2026	3,053
2027	3,053
Thereafter	4,963
Total future amortization	18,702
Developed Technology Rights [Member]
2023 (excluding six months ended June 30, 2023)	2,319
2024	3,986
2025	3,986
2026	3,986
2027	3,985
Thereafter	17,578
Total future amortization	35,840
Business to Business Relationships [Member]
2023 (excluding six months ended June 30, 2023)	2,000
2024	3,914
2025	3,914
2026	3,914
2027	3,914
Thereafter	7,790
Total future amortization	25,446
Business to Consumer Relationship [Member]
2023 (excluding six months ended June 30, 2023)	542
2024	1,083
2025	1,083
2026	1,083
2027	1,083
Thereafter	7,404
Total future amortization	$ 12,278

Note 4 - Goodwill and Intangi_6

Note 4 - Goodwill and Intangible Assets, Net - Goodwill (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Goodwill, gross	$ 1,361,399	$ 1,361,399
Goodwill, cumulative amortization	(6,134)	(6,134)
Goodwill, cumulative impairment losses	(326,078)	(321,541)
Effect of Foreign Currency Exchange	228	20
Goodwill, net	1,029,415	1,033,744
Las Vegas Locals [Member]
Goodwill, gross	593,567	593,567
Goodwill, cumulative amortization	0	0
Goodwill, cumulative impairment losses	(188,079)	(188,079)
Effect of Foreign Currency Exchange	0	0
Goodwill, net	405,488	405,488
Downtown Las Vegas [Member]
Goodwill, gross	6,997	6,997
Goodwill, cumulative amortization	(6,134)	(6,134)
Goodwill, cumulative impairment losses	0	0
Effect of Foreign Currency Exchange	0	0
Goodwill, net	863	863
Midwest and South [Member]
Goodwill, gross	636,269	636,269
Goodwill, cumulative amortization	0	0
Goodwill, cumulative impairment losses	(107,470)	(107,470)
Effect of Foreign Currency Exchange	0	0
Goodwill, net	528,799	528,799
Online [Member]
Goodwill, gross	94,037	94,037
Goodwill, cumulative amortization	0	0
Goodwill, cumulative impairment losses	0	0
Effect of Foreign Currency Exchange	228	20
Goodwill, net	94,265	94,057
Managed and Other [Member]
Goodwill, gross	30,529	30,529
Goodwill, cumulative amortization	0	0
Goodwill, cumulative impairment losses	(30,529)	(25,992)
Effect of Foreign Currency Exchange	0	0
Goodwill, net	$ 0	$ 4,537

Note 5 - Accrued Liabilities -

Note 5 - Accrued Liabilities - Schedule of Accrued Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Payroll and related	$ 64,686	$ 73,619
Interest	17,480	17,864
Gaming	74,338	77,638
Player loyalty programs	24,104	25,852
Advance deposits	17,056	20,792
Outstanding chips	7,712	7,704
Dividends payable	16,041	15,476
Other	91,062	84,192
Total accrued liabilities	405,408	411,913
Accrued Liabilities 1 [Member]
Operating leases	$ 92,929	$ 88,776

Note 6 - Long-term Debt (Detail

Note 6 - Long-term Debt (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022	Mar. 02, 2022
Long-Term Line of Credit	$ 1,078,500		$ 1,078,500		$ 1,187,800
Gain (Loss) on Extinguishment of Debt	0	$ (16,509)	0	$ (19,809)
Revolving Credit Facility [Member]
Debt Instrument, Face Amount	200,000		200,000
Bank Credit Facility [Member]
Line of Credit Facility, Remaining Borrowing Capacity	1,182,700		1,182,700
Gain (Loss) on Extinguishment of Debt				3,300
Deferred Debt Issuance Cost, Writeoff				$ 3,300
Bank Credit Facility [Member] | Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity						$ 1,450,000
Bank Credit Facility [Member] | Letter of Credit [Member]
Long-Term Line of Credit	13,800		13,800
Swing Loan [Member]
Line of Credit Facility, Maximum Borrowing Capacity	53,500		53,500
Senior Notes [Member] | Senior Note 8.625% Due 2025 [Member]
Gain (Loss) on Extinguishment of Debt	$ (16,500)		(16,500)
Extinguishment of Debt, Amount			$ 300,000
Debt Instrument, Interest Rate, Stated Percentage	8.625%		8.625%
Gain (Loss) on Extinguishment of Debt, before Debt Issuance Cost Writeoff	$ (12,900)		$ (12,900)
Deferred Debt Issuance Cost, Writeoff	$ 3,600		$ 3,600

Note 6 - Long-term Debt - Sched

Note 6 - Long-term Debt - Schedule of Long-term Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Long-term debt, outstanding principal	$ 2,979,089	$ 3,088,474
Long-term debt, unamortized discount	0	0
Long-term debt, unamortized original fees and costs	(35,123)	(39,065)
Long-term debt, net	2,943,966	3,049,409
Long-term debt, outstanding principal, current	44,275	44,275
Long-term debt, unamortized discount, current	0	0
Long-term debt, unamortized original fees and costs, current	0	0
Current maturities of long-term debt	44,275	44,275
Long-term debt, outstanding principal, noncurrent	2,934,814	3,044,199
Long-term debt, unamortized discount, noncurrent	0	0
Long-term debt, unamortized original fees and costs, noncurrent	(35,123)	(39,065)
Long-term debt, net of current maturities and debt issuance costs	$ 2,899,691	$ 3,005,134
Line of Credit [Member] | Bank Credit Facility [Member]
Long-term debt, interest rate	6.652%	6.166%
Long-term debt, outstanding principal	$ 1,078,500	$ 1,187,800
Long-term debt, unamortized discount	0	0
Long-term debt, unamortized original fees and costs	(15,572)	(17,865)
Long-term debt, net	$ 1,062,928	$ 1,169,935
Senior Notes [Member] | Senior Note 4.750% Due 2027 [Member]
Long-term debt, interest rate	4.75%	4.75%
Long-term debt, outstanding principal	$ 1,000,000	$ 1,000,000
Long-term debt, unamortized discount	0	0
Long-term debt, unamortized original fees and costs	(8,766)	(9,740)
Long-term debt, net	$ 991,234	$ 990,260
Senior Notes [Member] | Senior Note 4750 Due 2031 Member
Long-term debt, interest rate	4.75%	4.75%
Long-term debt, outstanding principal	$ 900,000	$ 900,000
Long-term debt, unamortized discount	0	0
Long-term debt, unamortized original fees and costs	(10,785)	(11,460)
Long-term debt, net	$ 889,215	$ 888,540
Other Long-Term Debt [Member]
Long-term debt, interest rate	5.208%	5.208%
Long-term debt, outstanding principal	$ 589	$ 674
Long-term debt, unamortized discount	0	0
Long-term debt, unamortized original fees and costs	0	0
Long-term debt, net	$ 589	$ 674

Note 6 - Long-term Debt - Outst

Note 6 - Long-term Debt - Outstanding Principal Amounts (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Outstanding principal amounts	$ 1,078.5	$ 1,187.8
Line of Credit [Member] | Term A Loan [Member]
Outstanding principal amounts	825	847
Line of Credit [Member] | Swing Loan [Member]
Outstanding principal amounts	53.5	55.8
Revolving Credit Facility [Member] | Line of Credit [Member]
Outstanding principal amounts	$ 200	$ 285

Note 7 - Commitments and Cont_2

Note 7 - Commitments and Contingencies (Details Textual) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022		Jun. 30, 2023	Jun. 30, 2022
Project Development, Preopening and Writedowns Expense	$ 5,201	$ 912		$ (13,673)	$ (9,117)
Proceeds from Collection of Loans Receivable				49,720	0
Interest Payments Received				8,513	0
Revenue from Contract with Customer, Including Assessed Tax	916,950	894,450	[1]	1,880,916	1,755,193	[1]
Management Service [Member]
Revenue from Contract with Customer, Including Assessed Tax	17,446	$ 0		37,476	$ 0
Development Agreement [Member]
Interest Income (Expense), Net				14,300
Proceeds from Collection of Loans Receivable				49,700
Interest Payments Received				8,500
Financing Receivable, after Allowance for Credit Loss	$ 66,300			$ 66,300
Development Agreement [Member]
Debt Instrument, Interest Rate, Stated Percentage	12.50%			12.50%
Project Development, Preopening and Writedowns Expense				$ 20,100
[1]Revenues for the three and six months ended June 30, 2022 have been recast to reflect the breakout of online revenue and management fee revenue from other revenue and the segment changes made during first quarter 2023.

Note 8 - Stockholders' Equity_3

Note 8 - Stockholders' Equity and Stock Incentive Plans (Details Textual) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Jun. 30, 2023	May 04, 2023	Jun. 01, 2022	Oct. 21, 2021
Performance Shares [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Shares Issued in Period (in shares)	519,782	408,609
Shares Issued Per Unit (in shares)	2	1.58
Share-Based Payment Arrangement, Shares Withheld for Tax Withholding Obligation (in shares)	200,904	114,265
Share Based Payment Arrangement, Shares Issued In Period, Net of Tax Withholdings (in shares)	318,878	294,344
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount			$ 5.6
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)			2 years 2 months 12 days
Restricted Stock Units (RSUs) [Member]
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount			$ 15.5
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)			2 years 2 months 12 days
Career Shares [Member]
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount			$ 1.7
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)			3 years 7 months 6 days
The 2021 Program [Member]
Stock Repurchase Program, Authorized Amount					$ 500	$ 300
Stock Repurchase Program, Increase in Authorized Amount				$ 500
Stock Repurchase Program, Remaining Authorized Repurchase Amount			$ 532.6

Note 8 - Stockholders' Equity_4

Note 8 - Stockholders' Equity and Stock Incentive Plans - Share Repurchases (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Shares repurchased (2) (in shares)	[1],[2]	1,492	3,018	3,219	5,115
Total cost, including brokerage fees (3)	[2],[3]	$ 100,028	$ 167,984	$ 206,356	$ 299,773
Average repurchase price per share (4) (in dollars per share)	[2],[4]	$ 67.02	$ 55.66	$ 64.11	$ 58.61
[1]All shares repurchased have been retired and constitute authorized but unissued shares.[2]Shares repurchased reflect repurchases settled during the three and six months ended June 30, 2023 and 2022. These amounts exclude repurchases, if any, traded but not yet settled on or before June 30, 2023 and 2022, respectively.[3]Costs exclude 1% excise tax on corporate stock buybacks that was enacted under the Inflation Reduction Act of 2022 and became effective January 1, 2023.[4]Amounts in the table may not recalculate exactly due to rounding. Average repurchase price per share is calculated based on unrounded numbers and excludes the 1% excise tax.

Note 8 - Stockholders' Equity_5

Note 8 - Stockholders' Equity and Stock Incentive Plans - Dividends (Details)	6 Months Ended
	Jun. 30, 2023 $ / shares
Dividend Declared February 03, 2022 [Member]
Dividends, record date	Mar. 15, 2022
Dividends, payment date	Apr. 15, 2022
Dividends, amount per share (in dollars per share)	$ 0.15
Dividend Declared June 01, 2022 [Member]
Dividends, record date	Jun. 30, 2022
Dividends, payment date	Jul. 15, 2022
Dividends, amount per share (in dollars per share)	$ 0.15
Dividend Declared Dec. 8 2022 [Member]
Dividends, record date	Dec. 19, 2022
Dividends, payment date	Jan. 15, 2023
Dividends, amount per share (in dollars per share)	$ 0.15
Dividend Declared February 14, 2023 [Member]
Dividends, record date	Mar. 15, 2023
Dividends, payment date	Apr. 15, 2023
Dividends, amount per share (in dollars per share)	$ 0.16
Dividends Declared May 4, 2023 [Member]
Dividends, record date	Jun. 15, 2023
Dividends, payment date	Jul. 15, 2023
Dividends, amount per share (in dollars per share)	$ 0.16

Note 8 - Stockholders' Equity_6

Note 8 - Stockholders' Equity and Stock Incentive Plans - Classification of Total Costs (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Share-based compensation expense	$ 12,198	$ 14,100	$ 20,017	$ 22,833
Gaming [Member]
Share-based compensation expense	307	292	528	521
Food & Beverage [Member]
Share-based compensation expense	59	56	101	100
Room [Member]
Share-based compensation expense	28	26	48	47
Selling, General and Administrative Expenses [Member]
Share-based compensation expense	1,563	1,487	2,683	2,651
Corporate Expense [Member]
Share-based compensation expense	$ 10,241	$ 12,239	$ 16,657	$ 19,514

Note 9 - Fair Value Measureme_3

Note 9 - Fair Value Measurements (Details Textual) $ in Millions	Jun. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)
Debt Securities, Available-for-Sale, Amortized Cost	$ 17.1
Debt Security Interest Rate Stated Percentage	7.50%
Debt Security, Available-For-Sale, Fair Value Discount Amount	$ 2.1	$ 2.2
Prepaid Expenses and Other Current Assets [Member]
Debt Securities, Available-for-Sale, Current	0.7	0.7
Other Noncurrent Assets [Member]
Debt Securities, Available-for-Sale, Noncurrent	$ 12.5	$ 13
Measurement Input, Discount Rate [Member]
Debt Securities, Available-for-Sale, Measurement Input	0.123	0.124

Note 9 - Fair Value Measureme_4

Note 9 - Fair Value Measurements - Fair Value of Financial Instruments (Details) - Fair Value, Recurring [Member] - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Cash and cash equivalents	$ 260,787	$ 283,472
Restricted cash	11,615	11,593
Investment available for sale	13,215	13,670
Fair Value, Inputs, Level 1 [Member]
Cash and cash equivalents	260,787	283,472
Restricted cash	11,615	11,593
Investment available for sale	0	0
Fair Value, Inputs, Level 2 [Member]
Cash and cash equivalents	0	0
Restricted cash	0	0
Investment available for sale	0	0
Fair Value, Inputs, Level 3 [Member]
Cash and cash equivalents	0	0
Restricted cash	0	0
Investment available for sale	$ 13,215	$ 13,670

Note 9 - Fair Value Measureme_5

Note 9 - Fair Value Measurements - Changes in Fair Value of Level 3 Assets and Liabilities (Details) - Investment, Available-For-Sale [Member] - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Balance at beginning of reporting period, asset	$ 14,348	$ 15,612	$ 13,670	$ 15,822
Included in interest income (expense), asset	44	42	87	84
Included in other comprehensive income (loss), asseta	(497)	(903)	138	(1,155)
Settlements, asset	(680)	(635)	(680)	(635)
Balance at end of reporting period, asset	$ 13,215	$ 14,116	$ 13,215	$ 14,116

Note 9 - Fair Value Measureme_6

Note 9 - Fair Value Measurements - Minimum Assessment Agreements (Details) - Fair Value, Nonrecurring [Member] - Fair Value, Inputs, Level 3 [Member] - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Note receivable	$ 66,335	$ 118,162
Obligation under assessment arrangements	21,261	22,293
Reported Value Measurement [Member]
Note receivable	66,335	83,791
Obligation under assessment arrangements	18,546	19,304
Estimate of Fair Value Measurement [Member]
Note receivable	65,893	82,338
Obligation under assessment arrangements	$ 24,739	$ 25,738

Note 9 - Fair Value Measureme_7

Note 9 - Fair Value Measurements - Long-term Debt (Details) - Fair Value, Nonrecurring [Member] - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Long-term debt	$ 2,979,089	$ 3,088,474
Reported Value Measurement [Member]
Long-term debt	2,943,966	3,049,409
Estimate of Fair Value Measurement [Member]
Long-term debt	2,820,027	2,897,114
Fair Value, Inputs, Level 2 [Member] | Bank Credit Facility [Member] | Line of Credit [Member]
Long-term debt	1,078,500	1,187,800
Fair Value, Inputs, Level 2 [Member] | Bank Credit Facility [Member] | Line of Credit [Member] | Reported Value Measurement [Member]
Long-term debt	1,062,928	1,169,935
Fair Value, Inputs, Level 2 [Member] | Bank Credit Facility [Member] | Line of Credit [Member] | Estimate of Fair Value Measurement [Member]
Long-term debt	1,072,313	1,183,565
Fair Value, Inputs, Level 1 [Member] | The 4.750% Senior NotesDue December 2027 [Member] | Senior Notes [Member]
Long-term debt	1,000,000	1,000,000
Fair Value, Inputs, Level 1 [Member] | The 4.750% Senior NotesDue December 2027 [Member] | Senior Notes [Member] | Reported Value Measurement [Member]
Long-term debt	991,234	990,260
Fair Value, Inputs, Level 1 [Member] | The 4.750% Senior NotesDue December 2027 [Member] | Senior Notes [Member] | Estimate of Fair Value Measurement [Member]
Long-term debt	945,000	928,750
Fair Value, Inputs, Level 1 [Member] | Senior Note 4750 Due 2031 Member | Senior Notes [Member]
Long-term debt	900,000	900,000
Fair Value, Inputs, Level 1 [Member] | Senior Note 4750 Due 2031 Member | Senior Notes [Member] | Reported Value Measurement [Member]
Long-term debt	889,215	888,540
Fair Value, Inputs, Level 1 [Member] | Senior Note 4750 Due 2031 Member | Senior Notes [Member] | Estimate of Fair Value Measurement [Member]
Long-term debt	802,125	784,125
Fair Value, Inputs, Level 3 [Member] | Other Long-Term Debt [Member]
Long-term debt	589	674
Fair Value, Inputs, Level 3 [Member] | Other Long-Term Debt [Member] | Reported Value Measurement [Member]
Long-term debt	589	674
Fair Value, Inputs, Level 3 [Member] | Other Long-Term Debt [Member] | Estimate of Fair Value Measurement [Member]
Long-term debt	$ 589	$ 674

Note 10 - Segment Information_2

Note 10 - Segment Information (Details Textual)	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Number of Reportable Segments	4	3

Note 10 - Segment Information -

Note 10 - Segment Information - Revenues for Reportable Segments (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	[1]	Jun. 30, 2023	Jun. 30, 2022	[1]
Revenue from Contract with Customer, Including Assessed Tax	$ 916,950	$ 894,450		$ 1,880,916	$ 1,755,193
Casino [Member]
Revenue from Contract with Customer, Including Assessed Tax	660,729	684,925		1,325,037	1,352,879
Food and Beverage [Member]
Revenue from Contract with Customer, Including Assessed Tax	70,366	70,299		141,950	134,042
Occupancy [Member]
Revenue from Contract with Customer, Including Assessed Tax	49,761	49,904		99,826	92,313
Online [Member]
Revenue from Contract with Customer, Including Assessed Tax	85,002	56,774		207,865	111,850
Management Fee [Member]
Revenue from Contract with Customer, Including Assessed Tax	17,446	0		37,476	0
Product and Service, Other [Member]
Revenue from Contract with Customer, Including Assessed Tax	33,646	32,548		68,762	64,109
Las Vegas Locals [Member]
Revenue from Contract with Customer, Including Assessed Tax	230,940	236,461		471,210	464,023
Las Vegas Locals [Member] | Casino [Member]
Revenue from Contract with Customer, Including Assessed Tax	171,986	176,875		348,307	350,465
Las Vegas Locals [Member] | Food and Beverage [Member]
Revenue from Contract with Customer, Including Assessed Tax	22,219	22,800		44,982	43,137
Las Vegas Locals [Member] | Occupancy [Member]
Revenue from Contract with Customer, Including Assessed Tax	23,295	22,889		48,676	42,546
Las Vegas Locals [Member] | Online [Member]
Revenue from Contract with Customer, Including Assessed Tax	0	0		0	0
Las Vegas Locals [Member] | Management Fee [Member]
Revenue from Contract with Customer, Including Assessed Tax	0	0		0	0
Las Vegas Locals [Member] | Product and Service, Other [Member]
Revenue from Contract with Customer, Including Assessed Tax	13,440	13,897		29,245	27,875
Downtown Las Vegas [Member]
Revenue from Contract with Customer, Including Assessed Tax	52,991	53,899		109,548	103,383
Downtown Las Vegas [Member] | Casino [Member]
Revenue from Contract with Customer, Including Assessed Tax	34,432	34,934		70,849	67,377
Downtown Las Vegas [Member] | Food and Beverage [Member]
Revenue from Contract with Customer, Including Assessed Tax	10,142	10,573		20,639	20,282
Downtown Las Vegas [Member] | Occupancy [Member]
Revenue from Contract with Customer, Including Assessed Tax	5,636	6,204		12,485	11,600
Downtown Las Vegas [Member] | Online [Member]
Revenue from Contract with Customer, Including Assessed Tax	0	0		0	0
Downtown Las Vegas [Member] | Management Fee [Member]
Revenue from Contract with Customer, Including Assessed Tax	0	0		0	0
Downtown Las Vegas [Member] | Product and Service, Other [Member]
Revenue from Contract with Customer, Including Assessed Tax	2,781	2,188		5,575	4,124
Midwest and South [Member]
Revenue from Contract with Customer, Including Assessed Tax	518,846	534,937		1,031,019	1,051,998
Midwest and South [Member] | Casino [Member]
Revenue from Contract with Customer, Including Assessed Tax	443,440	460,879		883,525	911,393
Midwest and South [Member] | Food and Beverage [Member]
Revenue from Contract with Customer, Including Assessed Tax	38,005	36,926		76,329	70,623
Midwest and South [Member] | Occupancy [Member]
Revenue from Contract with Customer, Including Assessed Tax	20,830	20,811		38,665	38,167
Midwest and South [Member] | Online [Member]
Revenue from Contract with Customer, Including Assessed Tax	0	0		0	0
Midwest and South [Member] | Management Fee [Member]
Revenue from Contract with Customer, Including Assessed Tax	0	0		0	0
Midwest and South [Member] | Product and Service, Other [Member]
Revenue from Contract with Customer, Including Assessed Tax	16,571	16,321		32,500	31,815
Online [Member]
Revenue from Contract with Customer, Including Assessed Tax	85,002	56,774		207,865	111,850
Online [Member] | Casino [Member]
Revenue from Contract with Customer, Including Assessed Tax	0	0		0	0
Online [Member] | Food and Beverage [Member]
Revenue from Contract with Customer, Including Assessed Tax	0	0		0	0
Online [Member] | Occupancy [Member]
Revenue from Contract with Customer, Including Assessed Tax	0	0		0	0
Online [Member] | Online [Member]
Revenue from Contract with Customer, Including Assessed Tax	85,002	56,774		207,865	111,850
Online [Member] | Management Fee [Member]
Revenue from Contract with Customer, Including Assessed Tax	0	0		0	0
Online [Member] | Product and Service, Other [Member]
Revenue from Contract with Customer, Including Assessed Tax	0	0		0	0
Managed and Other [Member]
Revenue from Contract with Customer, Including Assessed Tax	29,171	12,379		61,274	23,939
Managed and Other [Member] | Casino [Member]
Revenue from Contract with Customer, Including Assessed Tax	10,871	12,237		22,356	23,644
Managed and Other [Member] | Food and Beverage [Member]
Revenue from Contract with Customer, Including Assessed Tax	0	0		0	0
Managed and Other [Member] | Occupancy [Member]
Revenue from Contract with Customer, Including Assessed Tax	0	0		0	0
Managed and Other [Member] | Online [Member]
Revenue from Contract with Customer, Including Assessed Tax	0	0		0	0
Managed and Other [Member] | Management Fee [Member]
Revenue from Contract with Customer, Including Assessed Tax	17,446	0		37,476	0
Managed and Other [Member] | Product and Service, Other [Member]
Revenue from Contract with Customer, Including Assessed Tax	$ 854	$ 142		$ 1,442	$ 295
[1]Revenues for the three and six months ended June 30, 2022 have been recast to reflect the breakout of online revenue and management fee revenue from other revenue and the segment changes made during first quarter 2023.

Note 10 - Segment Information_3

Note 10 - Segment Information - Reconciliation of Total Reportable Segment Adjusted EBITDAR to Operating Income (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2023	Jun. 30, 2022
Corporate expense	$ 31,705		$ 34,872		$ 60,360	$ 63,876
Adjusted EBITDAR	351,362		353,873		718,508	692,709
Deferred rent	177		192		354	384
Master lease rent expense	27,099		26,654		53,927	52,960
Depreciation and amortization	62,220		66,757		123,780	129,235
Share-based compensation expense	12,198		14,100		20,017	22,833
Project Development, Preopening and Writedowns Expense	5,201		912		(13,673)	(9,117)
Non-cash impairment of assets	0		0		4,537	0
Other operating items, net	438		188		658	286
Total other operating costs and expenses	107,333		108,803		189,600	196,581
Operating income	244,029		245,070		528,908	496,128
Interest income	(2,715)		(483)		(20,860)	(903)
Interest expense, net of amounts capitalized	42,715		36,466		86,581	74,124
Loss on early extinguishments and modifications of debt	0		16,509		0	19,809
Other, net	522		3,750		626	3,497
Total other expense, net	40,522		56,242		66,347	96,527
Income before income taxes	203,507		188,828		462,561	399,601
Income tax provision	(11,053)		(42,065)		(70,376)	(89,910)
Net income	192,454	$ 199,731	146,763	$ 162,928	392,185	309,691
Las Vegas Locals [Member]
Total Reportable Segment Adjusted EBITDAR	118,395		125,334		244,555	244,029
Downtown Las Vegas [Member]
Total Reportable Segment Adjusted EBITDAR	19,652		22,123		42,019	40,512
Midwest and South [Member]
Total Reportable Segment Adjusted EBITDAR	201,833		218,859		400,517	431,059
Online [Member]
Total Reportable Segment Adjusted EBITDAR	13,400		7,678		34,023	16,566
Managed and Other [Member]
Total Reportable Segment Adjusted EBITDAR	19,546		2,512		41,097	4,905
Corporate Segment [Member]
Corporate expense	$ (21,464)		$ (22,633)		$ (43,703)	$ (44,362)

Note 10 - Segment Information_4

Note 10 - Segment Information - Assets By Reportable Segment (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Assets	$ 6,304,481	$ 6,311,127
Las Vegas Locals [Member]
Assets	1,604,868	1,613,553
Downtown Las Vegas [Member]
Assets	278,520	265,876
Midwest and South [Member]
Assets	3,741,120	3,745,476
Online [Member]
Assets	234,073	226,800
Managed and Other [Member]
Assets	191,818	207,962
Corporate Segment [Member]
Assets	$ 254,082	$ 251,460

Item 5. Other Information (Deta

Item 5. Other Information (Details Textual) Pure in Thousands	3 Months Ended
	Jun. 30, 2023
Issuer Rule 10b5-1, Number of Trading Agreements Adopted or Terminated by Directors or Executive Officers	0