Boyd Gaming (BYD) 10-Q 3 May 24 2024 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2024	Apr. 29, 2024
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	Q1
Document Fiscal Year Focus	2024
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2024
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		94,877,204

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Current assets
Cash and cash equivalents	$ 283,545	$ 304,271
Restricted cash	4,493	3,659
Accounts receivable, net	118,896	137,892
Inventories	20,442	20,692
Prepaid expenses and other current assets	53,053	59,293
Income taxes receivable	0	3,508
Total current assets	480,429	529,315
Property and equipment, net	2,573,183	2,542,512
Operating lease right-of-use assets	778,462	793,335
Other assets, net	69,572	67,779
Intangible assets, net	1,378,946	1,392,844
Goodwill, net	947,300	947,341
Total assets	6,227,892	6,273,126
Current liabilities
Accounts payable	106,408	124,668
Current maturities of long-term debt	44,325	44,275
Accrued liabilities	412,402	427,379
Income taxes payable	37,258	0
Total current liabilities	600,393	596,322
Long-term debt, net of current maturities and debt issuance costs	2,823,739	2,871,223
Operating lease liabilities, net of current portion	696,929	711,387
Deferred income taxes	288,988	288,826
Other liabilities	62,887	61,266
Commitments and contingencies (Note 6)
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; 95,409,736 and 96,832,453 shares outstanding	954	968
Additional paid-in capital	0	0
Retained earnings	1,755,168	1,744,232
Accumulated other comprehensive loss	(1,166)	(1,098)
Total stockholders' equity	1,754,956	1,744,102
Total liabilities and stockholders' equity	$ 6,227,892	$ 6,273,126

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares	Mar. 31, 2024	Dec. 31, 2023
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)	95,409,736	96,832,453

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Total revenues	$ 960,521	$ 963,966
Operating costs and expenses
Selling, general and administrative	108,184	100,319
Master lease rent expense	27,235	26,828
Maintenance and utilities	34,744	36,026
Depreciation and amortization	62,913	61,560
Corporate expense	29,385	28,655
Project development, preopening and writedowns	3,021	(18,874)
Non-cash impairment of assets	10,500	4,537
Other operating items, net	411	220
Total operating costs and expenses	741,136	679,087
Operating income	219,385	284,879
Other expense (income)
Interest income	(446)	(18,145)
Interest expense, net of amounts capitalized	42,309	43,866
Other, net	50	104
Total other expense, net	41,913	25,825
Income before income taxes	177,472	259,054
Income tax provision	(40,999)	(59,323)
Net income	$ 136,473	$ 199,731
Basic net income per common share (in dollars per share)	$ 1.4	$ 1.93
Weighted average basic shares outstanding (in shares)	97,434	103,620
Diluted net income per common share (in dollars per share)	$ 1.4	$ 1.93
Weighted average diluted shares outstanding (in shares)	97,479	103,672
Casino [Member]
Total revenues	$ 634,131	$ 664,308
Operating costs and expenses
Cost of Revenue	245,686	249,795
Food and Beverage [Member]
Total revenues	72,639	71,584
Operating costs and expenses
Cost of Revenue	61,957	59,329
Occupancy [Member]
Total revenues	48,947	50,065
Operating costs and expenses
Cost of Revenue	18,712	17,120
Online [Member]
Total revenues	146,170	122,863
Operating costs and expenses
Cost of Revenue	125,475	102,005
Management Service [Member]
Total revenues	22,245	20,030
Product and Service, Other [Member]
Total revenues	36,389	35,116
Operating costs and expenses
Cost of Revenue	$ 12,913	$ 11,567

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Net income	$ 136,473	$ 199,731
Other comprehensive income (loss), net of tax:
Fair value adjustments to available-for-sale securities	250	474
Foreign currency translation adjustments	(318)	4
Comprehensive income	$ 136,405	$ 200,209

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity - 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, 2022	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
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)				(1,726,000)	[1],[2]
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
Stock options exercised (in shares)	32,000
Stock options exercised	$ 0	315	0	0	315
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, 2023	96,832,453				96,832,453
Balances at Dec. 31, 2023	$ 968	0	1,744,232	(1,098)	$ 1,744,102
Net income	0	0	136,473	0	136,473
Comprehensive income (loss), net of tax	0	0	0	250	250
Foreign currency translation adjustments	$ 0	0	0	(318)	(318)
Release of restricted stock units, net of tax (in shares)	85,597
Release of restricted stock units, net of tax	$ 1	(1,586)	(2,049)	0	(3,634)
Release of performance stock units, net of tax (in shares)	150,063
Release of performance stock units, net of tax	$ 2	(119)	(6,091)	0	$ (6,208)
Shares repurchased and retired (in shares)	(1,658,377)				(1,658,000)	[1],[2]
Shares repurchased and retired	$ (17)	(5,155)	(101,133)	0	$ (106,305)
Dividends declared	0	0	(16,264)	0	(16,264)
Share-based compensation costs	$ 0	6,860	0	0	$ 6,860
Balances (in shares) at Mar. 31, 2024	95,409,736				95,409,736
Balances at Mar. 31, 2024	$ 954	$ 0	$ 1,755,168	$ (1,166)	$ 1,754,956
[1]All shares repurchased have been retired and constitute authorized but unissued shares.[2]Shares repurchased reflect repurchases settled during the twelve months ended December 31, 2023, 2022 and 2021. These amounts exclude repurchases, if any, traded but not yet settled on or before December 31 of each year.

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Stockholders' Equity (Parentheticals) - $ / shares	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Dividends per share (in dollars per share)	$ 0.17	$ 0.16

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Cash Flows from Operating Activities
Net income	$ 136,473	$ 199,731
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	62,913	61,560
Amortization of debt financing costs and discounts on debt	1,903	2,030
Non-cash operating lease expense	22,604	19,544
Non-cash expected credit loss (income) on note receivable	0	(34,371)
Share-based compensation expense	6,860	7,819
Deferred income taxes	179	17,531
Non-cash impairment of assets	10,500	4,537
Other operating activities	1,859	(29)
Changes in operating assets and liabilities:
Accounts receivable, net	18,970	6,027
Inventories	250	200
Prepaid expenses and other current assets	6,704	(5,148)
Income taxes payable, net	40,766	41,984
Other assets, net	(1,770)	(1,268)
Accounts payable and accrued liabilities	(38,460)	(34,485)
Operating lease liabilities	(22,604)	(19,544)
Other liabilities	3,582	16,057
Net cash provided by operating activities	250,729	282,175
Cash Flows from Investing Activities
Capital expenditures	(89,645)	(96,100)
Payments received on note receivable	208	17,315
Other investing activities	(893)	(1,142)
Net cash used in investing activities	(90,330)	(79,927)
Cash Flows from Financing Activities
Borrowings under credit facility	364,300	356,900
Payments under credit facility	(413,600)	(439,700)
Share-based compensation activities	(9,842)	(14,384)
Shares repurchased and retired	(105,500)	(106,327)
Dividends paid	(15,510)	(15,475)
Other financing activities	(37)	(51)
Net cash used in financing activities	(180,189)	(219,037)
Effect of foreign currency exchange rates on cash, cash equivalents and restricted cash	(102)	(3)
Change in cash, cash equivalents and restricted cash	(19,892)	(16,792)
Cash, cash equivalents and restricted cash, beginning of period	307,930	295,065
Cash, cash equivalents and restricted cash, end of period	288,038	278,273
Supplemental Disclosure of Cash Flow Information
Cash paid for interest, net of amounts capitalized	40,830	41,075
Cash received for interest	212	5,120
Cash received for income taxes	(340)	(32)
Supplemental Schedule of Non-cash Investing and Financing Activities
Payables incurred for capital expenditures	23,172	2,356
Dividends declared not yet paid	16,262	16,289
Expected credit loss (income) on note receivable	$ 0	$ (34,371)

Note 1 - Summary of Significant

Note 1 - Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2024
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 brick-and-mortar gaming entertainment properties ("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, 2023 February 26, 2024. 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 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: (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) advance payments received for 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. March 31, December 31, March 31, December 31, (In thousands) 2024 2023 2023 2022 Cash and cash equivalents $ 283,545 $ 304,271 $ 263,453 $ 283,472 Restricted cash 4,493 3,659 14,820 11,593 Total cash, cash equivalents and restricted cash $ 288,038 $ 307,930 $ 278,273 $ 295,065 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 gaming entertainment properties and online B2C Collaborative Arrangements not two not not no 4, 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 4, 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 4, 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 program and the estimated retail value of complimentary goods and services provided to customers (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 program, included in departmental revenues, and therefore reducing our gaming revenues, are as follows: Three Months Ended March 31, (In thousands) 2024 2023 Food & beverage $ 30,668 $ 28,259 Room 14,672 15,148 Other 2,025 1,876 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 $126.7 million three March 31, 2024 2023 Collaborative Arrangements million and $0.6 million three March 31, 2024 2023 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 Other Long-Term Tax Liabilities The Company's income tax returns are subject to examination by the Internal Revenue Service ("IRS") 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 March 31, 2024 2023 Our five 321, Accounting for Investments in Equity Securities not may not Currency Translation The Company translates the financial statements of its foreign subsidiary that are not 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 - Property and Equipment

Note 2 - Property and Equipment, Net	3 Months Ended
	Mar. 31, 2024
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	NOTE 2. Property and equipment, net consists of the following: March 31, December 31, (In thousands) 2024 2023 Land $ 338,469 $ 338,469 Buildings and improvements 3,248,242 3,237,863 Furniture and equipment 1,779,469 1,742,666 Riverboats and barges 241,826 241,826 Construction in progress 225,019 182,710 Total property and equipment 5,833,025 5,743,534 Less accumulated depreciation (3,259,842 ) (3,201,022 ) Property and equipment, net $ 2,573,183 $ 2,542,512 Depreciation expense is as follows: Three Months Ended March 31, (In thousands) 2024 2023 Depreciation expense $ 58,823 $ 57,399

Note 3 - Goodwill and Intangibl

Note 3 - Goodwill and Intangible Assets, Net	3 Months Ended
	Mar. 31, 2024
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	NOTE 3. Intangible assets, net consist of the following: March 31, 2024 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 0.8 $ 3,925 $ (3,895 ) $ — $ — $ 30 Host agreements 9.2 58,000 (22,556 ) — — 35,444 Development agreement 5.4 21,373 (4,961 ) — — 16,412 Developed technology 8.2 40,872 (5,575 ) — 57 35,354 B2B relationships 5.8 28,000 (5,545 ) — 14 22,469 B2C relationships 10.6 13,000 (1,535 ) — — 11,465 165,170 (44,067 ) — 71 121,174 Indefinite lived intangible assets Trademarks Indefinite 199,900 — (32,275 ) — 167,625 Gaming license rights Indefinite 1,378,081 (33,960 ) (253,974 ) — 1,090,147 1,577,981 (33,960 ) (286,249 ) — 1,257,772 Balances, March 31, 2024 $ 1,743,151 $ (78,027 ) $ (286,249 ) $ 71 $ 1,378,946 December 31, 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 0.1 $ 35,050 $ (35,010 ) $ — $ — $ 40 Host agreements 9.4 58,000 (21,589 ) — — 36,411 Development agreement 5.6 21,373 (4,198 ) — — 17,175 Developed technology 8.5 39,981 (4,482 ) — 225 35,724 B2B relationships 6.0 28,000 (4,566 ) — 52 23,486 B2C relationships 10.8 13,000 (1,264 ) — — 11,736 195,404 (71,109 ) — 277 124,572 Indefinite lived intangible assets Trademarks Indefinite 199,900 — (32,275 ) — 167,625 Gaming license rights Indefinite 1,378,081 (33,960 ) (243,474 ) — 1,100,647 1,577,981 (33,960 ) (275,749 ) — 1,268,272 Balances, December 31, 2023 $ 1,773,385 $ (105,069 ) $ (275,749 ) $ 277 $ 1,392,844 The following table presents the future amortization expense for our amortizing intangible assets as of March 31, 2024 (In thousands) Customer Relationships Host Agreements Development Agreement Developed Technology B2B Relationships B2C Relationships Total For the year ending December 31, 2024 (excluding three months ended March 31, 2024) $ 30 $ 2,900 $ 2,290 $ 3,465 $ 2,949 $ 812 $ 12,446 2025 — 3,867 3,053 4,534 3,914 1,083 16,451 2026 — 3,867 3,053 4,526 3,914 1,083 16,443 2027 — 3,867 3,053 4,525 3,914 1,083 16,442 2028 — 3,867 3,053 4,265 3,914 1,083 16,182 Thereafter — 17,076 1,910 14,039 3,864 6,321 43,210 Total future amortization $ 30 $ 35,444 $ 16,412 $ 35,354 $ 22,469 $ 11,465 $ 121,174 During the three March 31, 2024, first 2024 Goodwill consists of the following: March 31, 2024 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 — (82,000 ) 113 12,150 Managed & Other 30,529 — (30,529 ) — — Balances, March 31, 2024 $ 1,361,399 $ (6,134 ) $ (408,078 ) $ 113 $ 947,300 December 31, 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 — (82,000 ) 154 12,191 Managed & Other 30,529 — (30,529 ) — — Balances, December 31, 2023 $ 1,361,399 $ (6,134 ) $ (408,078 ) $ 154 $ 947,341

Note 4 - Accrued Liabilities

Note 4 - Accrued Liabilities	3 Months Ended
	Mar. 31, 2024
Notes to Financial Statements
Accounts Payable and Accrued Liabilities Disclosure [Text Block]	NOTE 4. Accrued liabilities consist of the following: March 31, December 31, (In thousands) 2024 2023 Payroll and related $ 62,919 $ 82,327 Interest 19,031 17,841 Gaming 68,247 68,749 Player loyalty program 23,666 23,850 Advance deposits 19,254 15,511 Outstanding chips 6,569 8,164 Dividends payable 16,262 15,508 Operating leases 99,271 98,867 Other 97,183 96,562 Total accrued liabilities $ 412,402 $ 427,379

Note 5 - Long-term Debt

Note 5 - Long-term Debt	3 Months Ended
	Mar. 31, 2024
Notes to Financial Statements
Long-Term Debt [Text Block]	NOTE 5. Long-term debt, net of current maturities and debt issuance costs, consists of the following: March 31, 2024 Interest Unamortized Rates at Origination March 31, Outstanding Fees and Long-Term (In thousands) 2024 Principal Costs Debt, Net Credit facility 7.162 % $ 997,000 $ (12,324 ) $ 984,676 4.750% senior notes due 2027 4.750 % 1,000,000 (7,305 ) 992,695 4.750% senior notes due 2031 4.750 % 900,000 (9,774 ) 890,226 Other 5.208 % 467 — 467 Total long-term debt 2,897,467 (29,403 ) 2,868,064 Less current maturities 44,325 — 44,325 Long-term debt, net $ 2,853,142 $ (29,403 ) $ 2,823,739 December 31, 2023 Interest Unamortized Rates at Origination December 31, Outstanding Fees and Long-Term (In thousands) 2023 Principal Costs Debt, Net Credit facility 7.164 % $ 1,046,300 $ (13,403 ) $ 1,032,897 4.750% senior notes due 2027 4.750 % 1,000,000 (7,792 ) 992,208 4.750% senior notes due 2031 4.750 % 900,000 (10,111 ) 889,889 Other 5.208 % 504 — 504 Total long-term debt 2,946,804 (31,306 ) 2,915,498 Less current maturities 44,275 — 44,275 Long-term debt, net $ 2,902,529 $ (31,306 ) $ 2,871,223 The outstanding principal amounts under the Credit Facility are comprised of the following: March 31, December 31, (In thousands) 2024 2023 Revolving Credit Facility $ 145,000 $ 180,000 Term A Loan 792,000 803,000 Swing Loan 60,000 63,300 Total outstanding principal amounts $ 997,000 $ 1,046,300 With a total revolving credit commitment of $1,450.0 million available under the Credit Facility, $145.0 million and $60.0 million in borrowings outstanding on the Revolving Credit Facility and the Swing Loan, respectively, and $13.4 million allocated to support various letters of credit, there was a remaining contractual availability under the Credit Facility of $1,231.6 million as of March 31, 2024 Covenant Compliance As of March 31, 2024

Note 6 - Commitments and Contin

Note 6 - Commitments and Contingencies	3 Months Ended
	Mar. 31, 2024
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	NOTE 6. Wilton Rancheria Agreements In 2012, third 10 August 15, 2022 fourth 2022. third March 2023 first 2023, first 2023, three March 31, 2023 mi three March 31, 2024 mi three March 31, 2023 March 31, 2024 seven $20.0 three March 31, 2024 2023 Commitments As of March 31, 2024 no 9, Commitments and Contingencies 10 December 31, 2023 February 26, 2024. 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 7 - Stockholders' Equity a

Note 7 - Stockholders' Equity and Stock Incentive Plans	3 Months Ended
	Mar. 31, 2024
Notes to Financial Statements
Shareholders' Equity and Share-Based Payments [Text Block]	NOTE 7. Share Repurchase Program On October 21, 2021, June 1, 2022, May 4, 2023. March 31, 2024 may may 10b5 1 not may The following table provides information regarding share repurchases during the referenced periods ( 1 Three Months Ended March 31, (In thousands, except per share data) 2024 2023 Shares repurchased (2) 1,658 1,726 Total cost, including brokerage fees (3) $ 105,500 $ 106,327 Average repurchase price per share (4) $ 63.62 $ 61.59 ( 1 three March 31, 2024 2023 not March 31, 2024 2023 ( 2 ( 3 1% ( 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 December 8, 2022 December 19, 2022 January 15, 2023 $ 0.15 February 14, 2023 March 15, 2023 April 15, 2023 0.16 December 7, 2023 December 22, 2023 January 15, 2024 0.16 February 28, 2024 March 15, 2024 April 15, 2024 0.17 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 March 31, (In thousands) 2024 2023 Gaming $ 235 $ 221 Food & beverage 45 42 Room 21 20 Selling, general and administrative 1,192 1,120 Corporate expense 5,367 6,416 Total share-based compensation expense $ 6,860 $ 7,819 Performance Shares Our stock incentive plan provides for the issuance of Performance Share Units ("PSU") grants which may The PSU grants awarded in third 2021 fourth 2019 first 2024 2023, 2021 two July 2021 June 2023. 2019 three The PSU grant awarded in July 2021 first 2024, 2021 2023; 2024 The PSU grant awarded in December 2019 first 2023, 2019 2022; not 2023 Unamortized Stock Compensation Expense and Recognition Period As of March 31, 2024 March 31, 2024

Note 8 - Fair Value Measurement

Note 8 - Fair Value Measurements	3 Months Ended
	Mar. 31, 2024
Notes to Financial Statements
Fair Value Disclosures [Text Block]	NOTE 8. 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 Balances Measured at Fair Value The following tables show the fair values of certain of our financial instruments: March 31, 2024 (In thousands) Balance Level 1 Level 2 Level 3 Assets Cash and cash equivalents $ 283,545 $ 283,545 $ — $ — Restricted cash 4,493 4,493 — — Investment available for sale 13,550 — — 13,550 December 31, 2023 (In thousands) Balance Level 1 Level 2 Level 3 Assets Cash and cash equivalents $ 304,271 $ 304,271 $ — $ — Restricted cash 3,659 3,659 — — Investment available for sale 13,327 — — 13,327 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, March 31, 2024 December 31, 2023 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 March 31, 2024 December 31, 2023 March 31, 2024 December 31, 2023 not March 31, 2024 December 31, 2023 March 31, 2024 December 31, 2023 March 31, 2024 December 31, 2023 The following table summarizes the changes in fair value of the Company's Level 3 Three Months Ended March 31, (In thousands) 2024 2023 Balance at beginning of reporting period $ 13,327 $ 13,670 Total gains (realized or unrealized): Included in interest income 44 43 Included in other comprehensive income 179 635 Purchases, sales, issuances and settlements: Settlements — — Balance at end of reporting period $ 13,550 $ 14,348 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 obligation under assessment agreements and note receivable. As of March 31, 2024, March 31, 2024 Outstanding Carrying Estimated Fair Value (In thousands) Face Amount Value Fair Value Hierarchy Liabilities Obligation under assessment arrangements $ 19,586 $ 17,267 $ 22,670 Level 3 December 31, 2023 Outstanding Carrying Estimated Fair Value (In thousands) Face Amount Value Fair Value Hierarchy Asset Note receivable $ 419 $ 419 $ 419 Level 3 Liabilities Obligation under assessment arrangements 20,199 17,752 23,282 Level 3 The following tables provide the fair value measurement information about our long-term debt: March 31, 2024 Outstanding Carrying Estimated Fair Value (In thousands) Face Amount Value Fair Value Hierarchy Credit facility $ 997,000 $ 984,676 $ 975,220 Level 2 4.750% senior notes due 2027 1,000,000 992,695 952,500 Level 1 4.750% senior notes due 2031 900,000 890,226 819,000 Level 1 Other 467 467 467 Level 3 Total debt $ 2,897,467 $ 2,868,064 $ 2,747,187 December 31, 2023 Outstanding Carrying Estimated Fair Value (In thousands) Face Amount Value Fair Value Hierarchy Credit facility $ 1,046,300 $ 1,032,897 $ 1,021,206 Level 2 4.750% senior notes due 2027 1,000,000 992,208 957,500 Level 1 4.750% senior notes due 2031 900,000 889,889 819,000 Level 1 Other 504 504 504 Level 3 Total debt $ 2,946,804 $ 2,915,498 $ 2,798,210 The estimated fair value of our obligation under assessment arrangements is based on a discounted cash flows approach after giving consideration to the changes in market rates of interest, creditworthiness of both parties and credit spread. The fair value of our note receivable as of December 31, 2023 March 31, 2024 December 31, 2023 March 31, 2024 December 31, 2023 2024 2025. not not There were no 1, 2 3 three March 31, 2024 2023

Note 9 - Segment Information

Note 9 - Segment Information	3 Months Ended
	Mar. 31, 2024
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	NOTE 9. The Company has the following four third 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 gaming entertainment 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 focus their marketing efforts on gaming customers from Hawaii. 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 March 31, 2024 Food & Management Gaming Beverage Room Online Fee Other Total (In thousands) Revenue Revenue Revenue Revenue Revenue Revenue Revenue Revenues Las Vegas Locals $ 161,456 $ 22,422 $ 25,756 $ — $ — $ 15,988 $ 225,622 Downtown Las Vegas 33,721 10,415 6,568 — — 2,827 53,531 Midwest & South 428,241 39,802 16,623 — — 16,100 500,766 Online — — — 146,170 — — 146,170 Managed & Other 10,713 — — — 22,245 1,474 34,432 Total Revenues $ 634,131 $ 72,639 $ 48,947 $ 146,170 $ 22,245 $ 36,389 $ 960,521 Three Months Ended March 31, 2023 Food & Management Gaming Beverage Room Online Fee Other Total (In thousands) Revenue Revenue Revenue Revenue Revenue Revenue Revenue Revenues Las Vegas Locals $ 176,321 $ 22,763 $ 25,381 $ — $ — $ 15,805 $ 240,270 Downtown Las Vegas 36,417 10,497 6,849 — — 2,794 56,557 Midwest & South 440,085 38,324 17,835 — — 15,929 512,173 Online — — — 122,863 — — 122,863 Managed & Other 11,485 — — — 20,030 588 32,103 Total Revenues $ 664,308 $ 71,584 $ 50,065 $ 122,863 $ 20,030 $ 35,116 $ 963,966 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: Three Months Ended March 31, (In thousands) 2024 2023 Adjusted EBITDAR Las Vegas Locals $ 110,438 $ 126,160 Downtown Las Vegas 17,815 22,367 Midwest & South 180,994 198,684 Online 20,476 20,623 Managed & Other 24,781 21,551 Corporate expense (24,018 ) (22,239 ) Adjusted EBITDAR 330,486 367,146 Other operating costs and expenses Deferred rent 161 177 Master lease rent expense 27,235 26,828 Depreciation and amortization 62,913 61,560 Share-based compensation expense 6,860 7,819 Project development, preopening and writedowns 3,021 (18,874 ) Impairment of assets 10,500 4,537 Other operating items, net 411 220 Total other operating costs and expenses 111,101 82,267 Operating income 219,385 284,879 Other expense (income) Interest income (446 ) (18,145 ) Interest expense, net of amounts capitalized 42,309 43,866 Other, net 50 104 Total other expense, net 41,913 25,825 Income before income taxes 177,472 259,054 Income tax provision (40,999 ) (59,323 ) Net income $ 136,473 $ 199,731 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: March 31, December 31, (In thousands) 2024 2023 Assets Las Vegas Locals $ 1,629,101 $ 1,634,732 Downtown Las Vegas 294,215 295,494 Midwest & South 3,786,375 3,805,301 Online 148,689 155,356 Managed & Other 121,610 124,161 Corporate 247,902 258,082 Total Assets $ 6,227,892 $ 6,273,126

Note 10 - Subsequent Events

Note 10 - Subsequent Events	3 Months Ended
	Mar. 31, 2024
Notes to Financial Statements
Subsequent Events [Text Block]	NOTE 10. We have evaluated all events or transactions that occurred after March 31, 2024 not

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Mar. 31, 2024
Insider Trading Arr Line Items
Material Terms of Trading Arrangement [Text Block]	5. Other Information None 10b5 1 10b5 1 March 31, 2024 408
Rule 10b5-1 Arrangement Adopted [Flag]	false
Non-Rule 10b5-1 Arrangement Adopted [Flag]	false
Rule 10b5-1 Arrangement Terminated [Flag]	false
Non-Rule 10b5-1 Arrangement Terminated [Flag]	false

Significant Accounting Policies

Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2024
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 brick-and-mortar gaming entertainment properties ("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, 2023 February 26, 2024. 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
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: (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) advance payments received for 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. March 31, December 31, March 31, December 31, (In thousands) 2024 2023 2023 2022 Cash and cash equivalents $ 283,545 $ 304,271 $ 263,453 $ 283,472 Restricted cash 4,493 3,659 14,820 11,593 Total cash, cash equivalents and restricted cash $ 288,038 $ 307,930 $ 278,273 $ 295,065
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 gaming entertainment properties and online B2C Collaborative Arrangements not two not not no 4, 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 4, 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 4, 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 program and the estimated retail value of complimentary goods and services provided to customers (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 program, included in departmental revenues, and therefore reducing our gaming revenues, are as follows: Three Months Ended March 31, (In thousands) 2024 2023 Food & beverage $ 30,668 $ 28,259 Room 14,672 15,148 Other 2,025 1,876
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 $126.7 million three March 31, 2024 2023 Collaborative Arrangements million and $0.6 million three March 31, 2024 2023
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 Other Long-Term Tax Liabilities The Company's income tax returns are subject to examination by the Internal Revenue Service ("IRS") 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 March 31, 2024 2023 Our five 321, Accounting for Investments in Equity Securities not may not
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)	3 Months Ended
	Mar. 31, 2024
Notes Tables
Schedule of Cash and Cash Equivalents and Restricted Cash [Table Text Block]	March 31, December 31, March 31, December 31, (In thousands) 2024 2023 2023 2022 Cash and cash equivalents $ 283,545 $ 304,271 $ 263,453 $ 283,472 Restricted cash 4,493 3,659 14,820 11,593 Total cash, cash equivalents and restricted cash $ 288,038 $ 307,930 $ 278,273 $ 295,065
Schedule Of Promotional Allowances [Table Text Block]	Three Months Ended March 31, (In thousands) 2024 2023 Food & beverage $ 30,668 $ 28,259 Room 14,672 15,148 Other 2,025 1,876

Note 2 - Property and Equipme_2

Note 2 - Property and Equipment, Net (Tables)	3 Months Ended
	Mar. 31, 2024
Notes Tables
Property, Plant and Equipment [Table Text Block]	March 31, December 31, (In thousands) 2024 2023 Land $ 338,469 $ 338,469 Buildings and improvements 3,248,242 3,237,863 Furniture and equipment 1,779,469 1,742,666 Riverboats and barges 241,826 241,826 Construction in progress 225,019 182,710 Total property and equipment 5,833,025 5,743,534 Less accumulated depreciation (3,259,842 ) (3,201,022 ) Property and equipment, net $ 2,573,183 $ 2,542,512
Depreciation Expense [Table Text Block]	Three Months Ended March 31, (In thousands) 2024 2023 Depreciation expense $ 58,823 $ 57,399

Note 3 - Goodwill and Intangi_2

Note 3 - Goodwill and Intangible Assets, Net (Tables)	3 Months Ended
	Mar. 31, 2024
Notes Tables
Schedule of Intangible Assets and Goodwill [Table Text Block]	March 31, 2024 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 0.8 $ 3,925 $ (3,895 ) $ — $ — $ 30 Host agreements 9.2 58,000 (22,556 ) — — 35,444 Development agreement 5.4 21,373 (4,961 ) — — 16,412 Developed technology 8.2 40,872 (5,575 ) — 57 35,354 B2B relationships 5.8 28,000 (5,545 ) — 14 22,469 B2C relationships 10.6 13,000 (1,535 ) — — 11,465 165,170 (44,067 ) — 71 121,174 Indefinite lived intangible assets Trademarks Indefinite 199,900 — (32,275 ) — 167,625 Gaming license rights Indefinite 1,378,081 (33,960 ) (253,974 ) — 1,090,147 1,577,981 (33,960 ) (286,249 ) — 1,257,772 Balances, March 31, 2024 $ 1,743,151 $ (78,027 ) $ (286,249 ) $ 71 $ 1,378,946 December 31, 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 0.1 $ 35,050 $ (35,010 ) $ — $ — $ 40 Host agreements 9.4 58,000 (21,589 ) — — 36,411 Development agreement 5.6 21,373 (4,198 ) — — 17,175 Developed technology 8.5 39,981 (4,482 ) — 225 35,724 B2B relationships 6.0 28,000 (4,566 ) — 52 23,486 B2C relationships 10.8 13,000 (1,264 ) — — 11,736 195,404 (71,109 ) — 277 124,572 Indefinite lived intangible assets Trademarks Indefinite 199,900 — (32,275 ) — 167,625 Gaming license rights Indefinite 1,378,081 (33,960 ) (243,474 ) — 1,100,647 1,577,981 (33,960 ) (275,749 ) — 1,268,272 Balances, December 31, 2023 $ 1,773,385 $ (105,069 ) $ (275,749 ) $ 277 $ 1,392,844
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, 2024 (excluding three months ended March 31, 2024) $ 30 $ 2,900 $ 2,290 $ 3,465 $ 2,949 $ 812 $ 12,446 2025 — 3,867 3,053 4,534 3,914 1,083 16,451 2026 — 3,867 3,053 4,526 3,914 1,083 16,443 2027 — 3,867 3,053 4,525 3,914 1,083 16,442 2028 — 3,867 3,053 4,265 3,914 1,083 16,182 Thereafter — 17,076 1,910 14,039 3,864 6,321 43,210 Total future amortization $ 30 $ 35,444 $ 16,412 $ 35,354 $ 22,469 $ 11,465 $ 121,174
Schedule of Goodwill [Table Text Block]	March 31, 2024 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 — (82,000 ) 113 12,150 Managed & Other 30,529 — (30,529 ) — — Balances, March 31, 2024 $ 1,361,399 $ (6,134 ) $ (408,078 ) $ 113 $ 947,300 December 31, 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 — (82,000 ) 154 12,191 Managed & Other 30,529 — (30,529 ) — — Balances, December 31, 2023 $ 1,361,399 $ (6,134 ) $ (408,078 ) $ 154 $ 947,341

Note 4 - Accrued Liabilities (T

Note 4 - Accrued Liabilities (Tables)	3 Months Ended
	Mar. 31, 2024
Notes Tables
Schedule of Accrued Liabilities [Table Text Block]	March 31, December 31, (In thousands) 2024 2023 Payroll and related $ 62,919 $ 82,327 Interest 19,031 17,841 Gaming 68,247 68,749 Player loyalty program 23,666 23,850 Advance deposits 19,254 15,511 Outstanding chips 6,569 8,164 Dividends payable 16,262 15,508 Operating leases 99,271 98,867 Other 97,183 96,562 Total accrued liabilities $ 412,402 $ 427,379

Note 5 - Long-term Debt (Tables

Note 5 - Long-term Debt (Tables)	3 Months Ended
	Mar. 31, 2024
Notes Tables
Schedule of Long-Term Debt Instruments [Table Text Block]	March 31, 2024 Interest Unamortized Rates at Origination March 31, Outstanding Fees and Long-Term (In thousands) 2024 Principal Costs Debt, Net Credit facility 7.162 % $ 997,000 $ (12,324 ) $ 984,676 4.750% senior notes due 2027 4.750 % 1,000,000 (7,305 ) 992,695 4.750% senior notes due 2031 4.750 % 900,000 (9,774 ) 890,226 Other 5.208 % 467 — 467 Total long-term debt 2,897,467 (29,403 ) 2,868,064 Less current maturities 44,325 — 44,325 Long-term debt, net $ 2,853,142 $ (29,403 ) $ 2,823,739 December 31, 2023 Interest Unamortized Rates at Origination December 31, Outstanding Fees and Long-Term (In thousands) 2023 Principal Costs Debt, Net Credit facility 7.164 % $ 1,046,300 $ (13,403 ) $ 1,032,897 4.750% senior notes due 2027 4.750 % 1,000,000 (7,792 ) 992,208 4.750% senior notes due 2031 4.750 % 900,000 (10,111 ) 889,889 Other 5.208 % 504 — 504 Total long-term debt 2,946,804 (31,306 ) 2,915,498 Less current maturities 44,275 — 44,275 Long-term debt, net $ 2,902,529 $ (31,306 ) $ 2,871,223
Schedule of Line of Credit Facilities [Table Text Block]	March 31, December 31, (In thousands) 2024 2023 Revolving Credit Facility $ 145,000 $ 180,000 Term A Loan 792,000 803,000 Swing Loan 60,000 63,300 Total outstanding principal amounts $ 997,000 $ 1,046,300

Note 7 - Stockholders' Equity_2

Note 7 - Stockholders' Equity and Stock Incentive Plans (Tables)	3 Months Ended
	Mar. 31, 2024
Notes Tables
Share Repurchase Program [Table Text Block]	Three Months Ended March 31, (In thousands, except per share data) 2024 2023 Shares repurchased (2) 1,658 1,726 Total cost, including brokerage fees (3) $ 105,500 $ 106,327 Average repurchase price per share (4) $ 63.62 $ 61.59
Dividends Declared [Table Text Block]	Declaration date Record date Payment date Amount per share December 8, 2022 December 19, 2022 January 15, 2023 $ 0.15 February 14, 2023 March 15, 2023 April 15, 2023 0.16 December 7, 2023 December 22, 2023 January 15, 2024 0.16 February 28, 2024 March 15, 2024 April 15, 2024 0.17
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Table Text Block]	Three Months Ended March 31, (In thousands) 2024 2023 Gaming $ 235 $ 221 Food & beverage 45 42 Room 21 20 Selling, general and administrative 1,192 1,120 Corporate expense 5,367 6,416 Total share-based compensation expense $ 6,860 $ 7,819

Note 8 - Fair Value Measureme_2

Note 8 - Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2024
Notes Tables
Fair Value, by Balance Sheet Grouping [Table Text Block]	March 31, 2024 (In thousands) Balance Level 1 Level 2 Level 3 Assets Cash and cash equivalents $ 283,545 $ 283,545 $ — $ — Restricted cash 4,493 4,493 — — Investment available for sale 13,550 — — 13,550 December 31, 2023 (In thousands) Balance Level 1 Level 2 Level 3 Assets Cash and cash equivalents $ 304,271 $ 304,271 $ — $ — Restricted cash 3,659 3,659 — — Investment available for sale 13,327 — — 13,327
Fair Value Asset (Liability) Measured On Recurring Basis Unobservable Input Reconciliation [Table Text Block]	Three Months Ended March 31, (In thousands) 2024 2023 Balance at beginning of reporting period $ 13,327 $ 13,670 Total gains (realized or unrealized): Included in interest income 44 43 Included in other comprehensive income 179 635 Purchases, sales, issuances and settlements: Settlements — — Balance at end of reporting period $ 13,550 $ 14,348
Fair Value, Liabilities Measured on Recurring and Nonrecurring Basis [Table Text Block]	March 31, 2024 Outstanding Carrying Estimated Fair Value (In thousands) Face Amount Value Fair Value Hierarchy Liabilities Obligation under assessment arrangements $ 19,586 $ 17,267 $ 22,670 Level 3 December 31, 2023 Outstanding Carrying Estimated Fair Value (In thousands) Face Amount Value Fair Value Hierarchy Asset Note receivable $ 419 $ 419 $ 419 Level 3 Liabilities Obligation under assessment arrangements 20,199 17,752 23,282 Level 3
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments [Table Text Block]	March 31, 2024 Outstanding Carrying Estimated Fair Value (In thousands) Face Amount Value Fair Value Hierarchy Credit facility $ 997,000 $ 984,676 $ 975,220 Level 2 4.750% senior notes due 2027 1,000,000 992,695 952,500 Level 1 4.750% senior notes due 2031 900,000 890,226 819,000 Level 1 Other 467 467 467 Level 3 Total debt $ 2,897,467 $ 2,868,064 $ 2,747,187 December 31, 2023 Outstanding Carrying Estimated Fair Value (In thousands) Face Amount Value Fair Value Hierarchy Credit facility $ 1,046,300 $ 1,032,897 $ 1,021,206 Level 2 4.750% senior notes due 2027 1,000,000 992,208 957,500 Level 1 4.750% senior notes due 2031 900,000 889,889 819,000 Level 1 Other 504 504 504 Level 3 Total debt $ 2,946,804 $ 2,915,498 $ 2,798,210

Note 9 - Segment Information (T

Note 9 - Segment Information (Tables)	3 Months Ended
	Mar. 31, 2024
Notes Tables
Reconciliation of Revenue from Segments to Consolidated [Table Text Block]	Three Months Ended March 31, 2024 Food & Management Gaming Beverage Room Online Fee Other Total (In thousands) Revenue Revenue Revenue Revenue Revenue Revenue Revenue Revenues Las Vegas Locals $ 161,456 $ 22,422 $ 25,756 $ — $ — $ 15,988 $ 225,622 Downtown Las Vegas 33,721 10,415 6,568 — — 2,827 53,531 Midwest & South 428,241 39,802 16,623 — — 16,100 500,766 Online — — — 146,170 — — 146,170 Managed & Other 10,713 — — — 22,245 1,474 34,432 Total Revenues $ 634,131 $ 72,639 $ 48,947 $ 146,170 $ 22,245 $ 36,389 $ 960,521 Three Months Ended March 31, 2023 Food & Management Gaming Beverage Room Online Fee Other Total (In thousands) Revenue Revenue Revenue Revenue Revenue Revenue Revenue Revenues Las Vegas Locals $ 176,321 $ 22,763 $ 25,381 $ — $ — $ 15,805 $ 240,270 Downtown Las Vegas 36,417 10,497 6,849 — — 2,794 56,557 Midwest & South 440,085 38,324 17,835 — — 15,929 512,173 Online — — — 122,863 — — 122,863 Managed & Other 11,485 — — — 20,030 588 32,103 Total Revenues $ 664,308 $ 71,584 $ 50,065 $ 122,863 $ 20,030 $ 35,116 $ 963,966
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block]	Three Months Ended March 31, (In thousands) 2024 2023 Adjusted EBITDAR Las Vegas Locals $ 110,438 $ 126,160 Downtown Las Vegas 17,815 22,367 Midwest & South 180,994 198,684 Online 20,476 20,623 Managed & Other 24,781 21,551 Corporate expense (24,018 ) (22,239 ) Adjusted EBITDAR 330,486 367,146 Other operating costs and expenses Deferred rent 161 177 Master lease rent expense 27,235 26,828 Depreciation and amortization 62,913 61,560 Share-based compensation expense 6,860 7,819 Project development, preopening and writedowns 3,021 (18,874 ) Impairment of assets 10,500 4,537 Other operating items, net 411 220 Total other operating costs and expenses 111,101 82,267 Operating income 219,385 284,879 Other expense (income) Interest income (446 ) (18,145 ) Interest expense, net of amounts capitalized 42,309 43,866 Other, net 50 104 Total other expense, net 41,913 25,825 Income before income taxes 177,472 259,054 Income tax provision (40,999 ) (59,323 ) Net income $ 136,473 $ 199,731
Reconciliation of Assets from Segment to Consolidated [Table Text Block]	March 31, December 31, (In thousands) 2024 2023 Assets Las Vegas Locals $ 1,629,101 $ 1,634,732 Downtown Las Vegas 294,215 295,494 Midwest & South 3,786,375 3,805,301 Online 148,689 155,356 Managed & Other 121,610 124,161 Corporate 247,902 258,082 Total Assets $ 6,227,892 $ 6,273,126

Note 1 - Summary of Significa_3

Note 1 - Summary of Significant Accounting Policies (Details Textual) $ in Millions	3 Months Ended
	Mar. 31, 2024 USD ($)	Mar. 31, 2023 USD ($)
Number of Gaming Entertainment Properties	28
Taxes, Other	$ 126.7	$ 130.1
Taxes Deposited Pursuant to the Online Collaborative Agreements	2.5	0.6
Online [Member]
Taxes Deposited Pursuant to the Online Collaborative Agreements	$ 116	$ 96

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	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Cash and cash equivalents	$ 283,545	$ 304,271	$ 263,453	$ 283,472
Restricted cash	4,493	3,659	14,820	11,593
Total cash, cash equivalents and restricted cash	$ 288,038	$ 307,930	$ 278,273	$ 295,065

Note 1 - Summary of Significa_5

Note 1 - Summary of Significant Accounting Policies - Schedule of Promotional Allowances (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Food and Beverage [Member]
Promotional allowance	$ 30,668	$ 28,259
Room [Member]
Promotional allowance	14,672	15,148
Product and Service, Other [Member]
Promotional allowance	$ 2,025	$ 1,876

Note 2 - Property and Equipme_3

Note 2 - Property and Equipment, Net - Schedule of Property and Equipment (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Property and equipment, gross	$ 5,833,025	$ 5,743,534
Less accumulated depreciation	(3,259,842)	(3,201,022)
Property and equipment, net	2,573,183	2,542,512
Land [Member]
Property and equipment, gross	338,469	338,469
Building and Building Improvements [Member]
Property and equipment, gross	3,248,242	3,237,863
Furniture and Fixtures [Member]
Property and equipment, gross	1,779,469	1,742,666
Riverboats And Barges [Member]
Property and equipment, gross	241,826	241,826
Construction in Progress [Member]
Property and equipment, gross	$ 225,019	$ 182,710

Note 2 - Property and Equipme_4

Note 2 - Property and Equipment, Net - Depreciation Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Depreciation expense	$ 58,823	$ 57,399

Note 3 - Goodwill and Intangi_3

Note 3 - Goodwill and Intangible Assets, Net (Details Textual) $ in Millions	3 Months Ended
	Mar. 31, 2024 USD ($)
Gaming License Right [Member] | Midwest and South [Member]
Impairment of Intangible Assets, Indefinite-Lived (Excluding Goodwill)	$ 10.5

Note 3 - Goodwill and Intangi_4

Note 3 - Goodwill and Intangible Assets, Net - Schedule of Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Intangible assets, gross carrying value	$ 165,170	$ 195,404
Intangible assets, cumulative amortization	(44,067)	(71,109)
Intangible assets, cumulative impairment losses	0	0
Effect of foreign currency exchange	71	277
Intangible assets, net	121,174	124,572
Intangible assets, gross carrying value	1,577,981	1,577,981
Intangible assets, cumulative amortization	(33,960)	(33,960)
Intangible assets, cumulative impairment losses	(286,249)	(275,749)
Effect of foreign currency exchange	0	0
Intangible assets, net	1,257,772	1,268,272
Intangible assets, gross carrying value	1,743,151	1,773,385
Intangible assets, cumulative amortization	(78,027)	(105,069)
Intangible assets, cumulative impairment losses	(286,249)	(275,749)
Effect of foreign currency exchange	71	277
Intangible assets, net	1,378,946	1,392,844
Trademarks [Member]
Intangible assets, gross carrying value	199,900	199,900
Intangible assets, cumulative amortization	0	0
Intangible assets, cumulative impairment losses	(32,275)	(32,275)
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	(253,974)	(243,474)
Effect of foreign currency exchange	0	0
Intangible assets, net	1,090,147	1,100,647
Customer Relationships [Member]
Intangible assets, gross carrying value	3,925	35,050
Intangible assets, cumulative amortization	(3,895)	(35,010)
Intangible assets, cumulative impairment losses	0	0
Effect of foreign currency exchange	0	0
Intangible assets, net	$ 30	$ 40
Customer Relationships [Member] | Weighted Average [Member]
Intangible assets, weighted average life remaining (Year)	9 months 18 days	1 month 6 days
Host Agreements [Member]
Intangible assets, gross carrying value	$ 58,000	$ 58,000
Intangible assets, cumulative amortization	(22,556)	(21,589)
Intangible assets, cumulative impairment losses	0	0
Effect of foreign currency exchange	0	0
Intangible assets, net	$ 35,444	$ 36,411
Host Agreements [Member] | Weighted Average [Member]
Intangible assets, weighted average life remaining (Year)	9 years 2 months 12 days	9 years 4 months 24 days
Development Agreements [Member]
Intangible assets, gross carrying value	$ 21,373	$ 21,373
Intangible assets, cumulative amortization	(4,961)	(4,198)
Intangible assets, cumulative impairment losses	0	0
Effect of foreign currency exchange	0	0
Intangible assets, net	$ 16,412	$ 17,175
Development Agreements [Member] | Weighted Average [Member]
Intangible assets, weighted average life remaining (Year)	5 years 4 months 24 days	5 years 7 months 6 days
Developed Technology Rights [Member]
Intangible assets, gross carrying value	$ 40,872	$ 39,981
Intangible assets, cumulative amortization	(5,575)	(4,482)
Intangible assets, cumulative impairment losses	0	0
Effect of foreign currency exchange	57	225
Intangible assets, net	$ 35,354	$ 35,724
Developed Technology Rights [Member] | Weighted Average [Member]
Intangible assets, weighted average life remaining (Year)	8 years 2 months 12 days	8 years 6 months
Business to Business Relationships [Member]
Intangible assets, gross carrying value	$ 28,000	$ 28,000
Intangible assets, cumulative amortization	(5,545)	(4,566)
Intangible assets, cumulative impairment losses	0	0
Effect of foreign currency exchange	14	52
Intangible assets, net	$ 22,469	$ 23,486
Business to Business Relationships [Member] | Weighted Average [Member]
Intangible assets, weighted average life remaining (Year)	5 years 9 months 18 days	6 years
Business to Consumer Relationship [Member]
Intangible assets, gross carrying value	$ 13,000	$ 13,000
Intangible assets, cumulative amortization	(1,535)	(1,264)
Intangible assets, cumulative impairment losses	0	0
Effect of foreign currency exchange	0	0
Intangible assets, net	$ 11,465	$ 11,736
Business to Consumer Relationship [Member] | Weighted Average [Member]
Intangible assets, weighted average life remaining (Year)	10 years 7 months 6 days	10 years 9 months 18 days

Note 3 - Goodwill and Intangi_5

Note 3 - Goodwill and Intangible Assets, Net - Future Amortization (Details) $ in Thousands	Mar. 31, 2024 USD ($)
2024 (excluding three months ended March 31, 2024)	$ 12,446
2025	16,451
2026	16,443
2027	16,442
2028	16,182
Thereafter	43,210
Total future amortization	121,174
Customer Relationships [Member]
2024 (excluding three months ended March 31, 2024)	30
2025	0
2026	0
2027	0
2028	0
Thereafter	0
Total future amortization	30
Host Agreements [Member]
2024 (excluding three months ended March 31, 2024)	2,900
2025	3,867
2026	3,867
2027	3,867
2028	3,867
Thereafter	17,076
Total future amortization	35,444
Development Agreement [Member]
2024 (excluding three months ended March 31, 2024)	2,290
2025	3,053
2026	3,053
2027	3,053
2028	3,053
Thereafter	1,910
Total future amortization	16,412
Developed Technology Rights [Member]
2024 (excluding three months ended March 31, 2024)	3,465
2025	4,534
2026	4,526
2027	4,525
2028	4,265
Thereafter	14,039
Total future amortization	35,354
Business to Business Relationships [Member]
2024 (excluding three months ended March 31, 2024)	2,949
2025	3,914
2026	3,914
2027	3,914
2028	3,914
Thereafter	3,864
Total future amortization	22,469
Business to Consumer Relationship [Member]
2024 (excluding three months ended March 31, 2024)	812
2025	1,083
2026	1,083
2027	1,083
2028	1,083
Thereafter	6,321
Total future amortization	$ 11,465

Note 3 - Goodwill and Intangi_6

Note 3 - Goodwill and Intangible Assets, Net - Goodwill (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Goodwill, gross	$ 1,361,399	$ 1,361,399
Goodwill, cumulative amortization	(6,134)	(6,134)
Goodwill, cumulative impairment losses	(408,078)	(408,078)
Effect of Foreign Currency Exchange	113	154
Goodwill, net	947,300	947,341
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	(82,000)	(82,000)
Effect of Foreign Currency Exchange	113	154
Goodwill, net	12,150	12,191
Managed and Other [Member]
Goodwill, gross	30,529	30,529
Goodwill, cumulative amortization	0	0
Goodwill, cumulative impairment losses	(30,529)	(30,529)
Effect of Foreign Currency Exchange	0	0
Goodwill, net	$ 0	$ 0

Note 4 - Accrued Liabilities -

Note 4 - Accrued Liabilities - Schedule of Accrued Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Payroll and related	$ 62,919	$ 82,327
Interest	19,031	17,841
Gaming	68,247	68,749
Player loyalty program	23,666	23,850
Advance deposits	19,254	15,511
Outstanding chips	6,569	8,164
Dividends payable	16,262	15,508
Operating leases	99,271	98,867
Other	97,183	96,562
Total accrued liabilities	$ 412,402	$ 427,379

Note 5 - Long-term Debt (Detail

Note 5 - Long-term Debt (Details Textual) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Long-Term Line of Credit	$ 997	$ 1,046.3
Bank Credit Facility [Member] | Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity	1,450
Long-Term Line of Credit	145
Bank Credit Facility [Member] | Swing Loan [Member]
Long-Term Line of Credit	60
Bank Credit Facility [Member] | Letter of Credit [Member]
Long-Term Line of Credit	13.4
Bank Credit Facility [Member] | Line of Credit [Member]
Line of Credit Facility, Remaining Borrowing Capacity	$ 1,231.6

Note 5 - Long-term Debt - Sched

Note 5 - Long-term Debt - Schedule of Long-term Debt (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Long-term debt, outstanding principal	$ 2,897,467	$ 2,946,804
Long-term debt, unamortized original fees and costs	(29,403)	(31,306)
Long-term debt, net	2,868,064	2,915,498
Long-term debt, outstanding principal, current	44,325	44,275
Long-term debt, unamortized original fees and costs, current	0	0
Current maturities of long-term debt	44,325	44,275
Long-term debt, outstanding principal, noncurrent	2,853,142	2,902,529
Long-term debt, unamortized original fees and costs, noncurrent	(29,403)	(31,306)
Long-term debt, net of current maturities and debt issuance costs	$ 2,823,739	$ 2,871,223
Line of Credit [Member] | Bank Credit Facility [Member]
Long-term debt, interest rate	7.162%	7.164%
Long-term debt, outstanding principal	$ 997,000	$ 1,046,300
Long-term debt, unamortized original fees and costs	(12,324)	(13,403)
Long-term debt, net	$ 984,676	$ 1,032,897
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 original fees and costs	(7,305)	(7,792)
Long-term debt, net	$ 992,695	$ 992,208
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 original fees and costs	(9,774)	(10,111)
Long-term debt, net	$ 890,226	$ 889,889
Other Long-Term Debt [Member]
Long-term debt, interest rate	5.208%	5.208%
Long-term debt, outstanding principal	$ 467	$ 504
Long-term debt, unamortized original fees and costs	0	0
Long-term debt, net	$ 467	$ 504

Note 5 - Long-term Debt - Outst

Note 5 - Long-term Debt - Outstanding Principal Amounts (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Outstanding principal amounts	$ 997	$ 1,046.3
Line of Credit [Member] | Term A Loan [Member]
Outstanding principal amounts	792	803
Line of Credit [Member] | Swing Loan [Member]
Outstanding principal amounts	60	63.3
Revolving Credit Facility [Member] | Line of Credit [Member]
Outstanding principal amounts	$ 145	$ 180

Note 6 - Commitments and Cont_2

Note 6 - Commitments and Contingencies (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Sep. 30, 2023
Project Development, Preopening and Writedowns Expense	$ 3,021	$ (18,874)
Proceeds from Collection of Loans Receivable	208	17,315
Interest Payments Received	212	5,120
Revenue from Contract with Customer, Including Assessed Tax	$ 960,521	963,966
Management Service [Member]
Management Agreement, Term (Year)	7 years
Revenue from Contract with Customer, Including Assessed Tax	$ 22,245	20,030
Development Agreement [Member]
Debt Instrument, Interest Rate, Stated Percentage			12.50%
Project Development, Preopening and Writedowns Expense		20,100
Interest Income (Expense), Net		14,300
Proceeds from Collection of Loans Receivable	200	17,300
Interest Payments Received	$ 200	$ 5,100

Note 7 - Stockholders' Equity_3

Note 7 - Stockholders' Equity and Stock Incentive Plans (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	May 04, 2023	Jun. 01, 2022	Oct. 21, 2021
Share-Based Payment Arrangement, Expense	$ 6,860	$ 7,819
Performance Shares [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Shares Issued in Period (in shares)	241,277	519,782
Shares Issued Per Unit (in shares)	1.94	2
Share-Based Payment Arrangement, Shares Withheld for Tax Withholding Obligation (in shares)	94,862	200,904
Share Based Payment Arrangement, Shares Issued In Period, Net of Tax Withholdings (in shares)	146,415	318,878
Share-Based Payment Arrangement, Expense	$ 800
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount	$ 9,300
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)	2 years 7 months 6 days
Restricted Stock Units (RSUs) [Member]
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount	$ 21,300
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)	2 years 6 months
Career Shares [Member]
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount	$ 1,800
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)	3 years 6 months
The 2021 Share Repurchase Program [Member]
Stock Repurchase Program, Authorized Amount				$ 500,000	$ 300,000
Stock Repurchase Program, Increase in Authorized Amount			$ 500,000
Share Repurchase Program, Remaining Authorized, Amount	$ 220,800

Note 7 - Stockholders' Equity_4

Note 7 - Stockholders' Equity and Stock Incentive Plans - Share Repurchases (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands		3 Months Ended
		Mar. 31, 2024	Mar. 31, 2023
Shares repurchased (2) (in shares)	[1],[2]	1,658	1,726
Total cost, including brokerage fees (3)	[2],[3]	$ 105,500	$ 106,327
Average repurchase price per share (4) (in dollars per share)	[2],[4]	$ 63.62	$ 61.59
[1]All shares repurchased have been retired and constitute authorized but unissued shares.[2]Shares repurchased reflect repurchases settled during the twelve months ended December 31, 2023, 2022 and 2021. These amounts exclude repurchases, if any, traded but not yet settled on or before December 31 of each year.[3]Costs exclude 1% excise tax on corporate stock buybacks.[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 7 - Stockholders' Equity_5

Note 7 - Stockholders' Equity and Stock Incentive Plans - Dividends (Details)	3 Months Ended
	Mar. 31, 2024 $ / shares
Dividends Declared December 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 December 7, 2023 [Member]
Dividends, record date	Dec. 22, 2023
Dividends, payment date	Jan. 15, 2024
Dividends, amount per share (in dollars per share)	$ 0.16
Dividend Declared February 28, 2024 [Member]
Dividends, record date	Mar. 15, 2024
Dividends, payment date	Apr. 15, 2024
Dividends, amount per share (in dollars per share)	$ 0.17

Note 7 - Stockholders' Equity_6

Note 7 - Stockholders' Equity and Stock Incentive Plans - Classification of Total Costs (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Share-based compensation expense	$ 6,860	$ 7,819
Gaming [Member]
Share-based compensation expense	235	221
Food & Beverage [Member]
Share-based compensation expense	45	42
Room [Member]
Share-based compensation expense	21	20
Selling, General and Administrative Expenses [Member]
Share-based compensation expense	1,192	1,120
Corporate Expense [Member]
Share-based compensation expense	$ 5,367	$ 6,416

Note 8 - Fair Value Measureme_3

Note 8 - Fair Value Measurements (Details Textual) $ in Millions	Mar. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
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	$ 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	$ 12.8	$ 12.6
Measurement Input, Discount Rate [Member]
Debt Securities, Available-for-Sale, Measurement Input	0.127	0.124

Note 8 - Fair Value Measureme_4

Note 8 - Fair Value Measurements - Fair Value of Financial Instruments (Details) - Fair Value, Recurring [Member] - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Cash and cash equivalents	$ 283,545	$ 304,271
Restricted cash	4,493	3,659
Investment available for sale	13,550	13,327
Fair Value, Inputs, Level 1 [Member]
Cash and cash equivalents	283,545	304,271
Restricted cash	4,493	3,659
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	$ 13,550	$ 13,327

Note 8 - Fair Value Measureme_5

Note 8 - 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
	Mar. 31, 2024	Mar. 31, 2023
Balance at beginning of reporting period, asset	$ 13,327	$ 13,670
Included in interest income (expense), asset	44	43
Included in other comprehensive income (loss), asseta	179	635
Settlements, asset	0	0
Balance at end of reporting period, asset	$ 13,550	$ 14,348

Note 8 - Fair Value Measureme_6

Note 8 - Fair Value Measurements - Minimum Assessment Agreements (Details) - Fair Value, Inputs, Level 3 [Member] - Fair Value, Nonrecurring [Member] - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Obligation under assessment arrangements	$ 19,586	$ 20,199
Note receivable		419
Reported Value Measurement [Member]
Obligation under assessment arrangements	17,267	17,752
Note receivable		419
Estimate of Fair Value Measurement [Member]
Obligation under assessment arrangements	$ 22,670	23,282
Note receivable		$ 419

Note 8 - Fair Value Measureme_7

Note 8 - Fair Value Measurements - Long-term Debt (Details) - Fair Value, Nonrecurring [Member] - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Long-term debt	$ 2,897,467	$ 2,946,804
Reported Value Measurement [Member]
Long-term debt	2,868,064	2,915,498
Estimate of Fair Value Measurement [Member]
Long-term debt	2,747,187	2,798,210
Fair Value, Inputs, Level 2 [Member] | Bank Credit Facility [Member] | Line of Credit [Member]
Long-term debt	997,000	1,046,300
Fair Value, Inputs, Level 2 [Member] | Bank Credit Facility [Member] | Line of Credit [Member] | Reported Value Measurement [Member]
Long-term debt	984,676	1,032,897
Fair Value, Inputs, Level 2 [Member] | Bank Credit Facility [Member] | Line of Credit [Member] | Estimate of Fair Value Measurement [Member]
Long-term debt	975,220	1,021,206
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	992,695	992,208
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	952,500	957,500
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	890,226	889,889
Fair Value, Inputs, Level 1 [Member] | Senior Note 4750 Due 2031 Member | Senior Notes [Member] | Estimate of Fair Value Measurement [Member]
Long-term debt	819,000	819,000
Fair Value, Inputs, Level 3 [Member] | Other Long-Term Debt [Member]
Long-term debt	467	504
Fair Value, Inputs, Level 3 [Member] | Other Long-Term Debt [Member] | Reported Value Measurement [Member]
Long-term debt	467	504
Fair Value, Inputs, Level 3 [Member] | Other Long-Term Debt [Member] | Estimate of Fair Value Measurement [Member]
Long-term debt	$ 467	$ 504

Note 9 - Segment Information (D

Note 9 - Segment Information (Details Textual)	3 Months Ended
	Mar. 31, 2024
Number of Reportable Segments	4

Note 9 - Segment Information -

Note 9 - Segment Information - Revenues for Reportable Segments (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenue from Contract with Customer, Including Assessed Tax	$ 960,521	$ 963,966
Casino [Member]
Revenue from Contract with Customer, Including Assessed Tax	634,131	664,308
Food and Beverage [Member]
Revenue from Contract with Customer, Including Assessed Tax	72,639	71,584
Occupancy [Member]
Revenue from Contract with Customer, Including Assessed Tax	48,947	50,065
Online [Member]
Revenue from Contract with Customer, Including Assessed Tax	146,170	122,863
Management Fee [Member]
Revenue from Contract with Customer, Including Assessed Tax	22,245	20,030
Product and Service, Other [Member]
Revenue from Contract with Customer, Including Assessed Tax	36,389	35,116
Las Vegas Locals [Member]
Revenue from Contract with Customer, Including Assessed Tax	225,622	240,270
Las Vegas Locals [Member] | Casino [Member]
Revenue from Contract with Customer, Including Assessed Tax	161,456	176,321
Las Vegas Locals [Member] | Food and Beverage [Member]
Revenue from Contract with Customer, Including Assessed Tax	22,422	22,763
Las Vegas Locals [Member] | Occupancy [Member]
Revenue from Contract with Customer, Including Assessed Tax	25,756	25,381
Las Vegas Locals [Member] | Online [Member]
Revenue from Contract with Customer, Including Assessed Tax	0	0
Las Vegas Locals [Member] | Management Fee [Member]
Revenue from Contract with Customer, Including Assessed Tax	0	0
Las Vegas Locals [Member] | Product and Service, Other [Member]
Revenue from Contract with Customer, Including Assessed Tax	15,988	15,805
Downtown Las Vegas [Member]
Revenue from Contract with Customer, Including Assessed Tax	53,531	56,557
Downtown Las Vegas [Member] | Casino [Member]
Revenue from Contract with Customer, Including Assessed Tax	33,721	36,417
Downtown Las Vegas [Member] | Food and Beverage [Member]
Revenue from Contract with Customer, Including Assessed Tax	10,415	10,497
Downtown Las Vegas [Member] | Occupancy [Member]
Revenue from Contract with Customer, Including Assessed Tax	6,568	6,849
Downtown Las Vegas [Member] | Online [Member]
Revenue from Contract with Customer, Including Assessed Tax	0	0
Downtown Las Vegas [Member] | Management Fee [Member]
Revenue from Contract with Customer, Including Assessed Tax	0	0
Downtown Las Vegas [Member] | Product and Service, Other [Member]
Revenue from Contract with Customer, Including Assessed Tax	2,827	2,794
Midwest and South [Member]
Revenue from Contract with Customer, Including Assessed Tax	500,766	512,173
Midwest and South [Member] | Casino [Member]
Revenue from Contract with Customer, Including Assessed Tax	428,241	440,085
Midwest and South [Member] | Food and Beverage [Member]
Revenue from Contract with Customer, Including Assessed Tax	39,802	38,324
Midwest and South [Member] | Occupancy [Member]
Revenue from Contract with Customer, Including Assessed Tax	16,623	17,835
Midwest and South [Member] | Online [Member]
Revenue from Contract with Customer, Including Assessed Tax	0	0
Midwest and South [Member] | Management Fee [Member]
Revenue from Contract with Customer, Including Assessed Tax	0	0
Midwest and South [Member] | Product and Service, Other [Member]
Revenue from Contract with Customer, Including Assessed Tax	16,100	15,929
Online [Member]
Revenue from Contract with Customer, Including Assessed Tax	146,170	122,863
Online [Member] | Casino [Member]
Revenue from Contract with Customer, Including Assessed Tax	0	0
Online [Member] | Food and Beverage [Member]
Revenue from Contract with Customer, Including Assessed Tax	0	0
Online [Member] | Occupancy [Member]
Revenue from Contract with Customer, Including Assessed Tax	0	0
Online [Member] | Online [Member]
Revenue from Contract with Customer, Including Assessed Tax	146,170	122,863
Online [Member] | Management Fee [Member]
Revenue from Contract with Customer, Including Assessed Tax	0	0
Online [Member] | Product and Service, Other [Member]
Revenue from Contract with Customer, Including Assessed Tax	0	0
Managed and Other [Member]
Revenue from Contract with Customer, Including Assessed Tax	34,432	32,103
Managed and Other [Member] | Casino [Member]
Revenue from Contract with Customer, Including Assessed Tax	10,713	11,485
Managed and Other [Member] | Food and Beverage [Member]
Revenue from Contract with Customer, Including Assessed Tax	0	0
Managed and Other [Member] | Occupancy [Member]
Revenue from Contract with Customer, Including Assessed Tax	0	0
Managed and Other [Member] | Online [Member]
Revenue from Contract with Customer, Including Assessed Tax	0	0
Managed and Other [Member] | Management Fee [Member]
Revenue from Contract with Customer, Including Assessed Tax	22,245	20,030
Managed and Other [Member] | Product and Service, Other [Member]
Revenue from Contract with Customer, Including Assessed Tax	$ 1,474	$ 588

Note 9 - Segment Information _2

Note 9 - Segment Information - Reconciliation of Total Reportable Segment Adjusted EBITDAR to Operating Income (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Corporate expense	$ 29,385	$ 28,655
Adjusted EBITDAR	330,486	367,146
Deferred rent	161	177
Master lease rent expense	27,235	26,828
Depreciation and amortization	62,913	61,560
Share-based compensation expense	6,860	7,819
Project Development, Preopening and Writedowns Expense	3,021	(18,874)
Non-cash impairment of assets	10,500	4,537
Other operating items, net	411	220
Total other operating costs and expenses	111,101	82,267
Operating income	219,385	284,879
Interest income	(446)	(18,145)
Interest expense, net of amounts capitalized	42,309	43,866
Other, net	50	104
Total other expense, net	41,913	25,825
Income before income taxes	177,472	259,054
Income tax provision	(40,999)	(59,323)
Net income	136,473	199,731
Las Vegas Locals [Member]
Total Reportable Segment Adjusted EBITDAR	110,438	126,160
Downtown Las Vegas [Member]
Total Reportable Segment Adjusted EBITDAR	17,815	22,367
Midwest and South [Member]
Total Reportable Segment Adjusted EBITDAR	180,994	198,684
Online [Member]
Total Reportable Segment Adjusted EBITDAR	20,476	20,623
Managed and Other [Member]
Total Reportable Segment Adjusted EBITDAR	24,781	21,551
Corporate Segment [Member]
Corporate expense	$ (24,018)	$ (22,239)

Note 9 - Segment Information _3

Note 9 - Segment Information - Assets By Reportable Segment (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Assets	$ 6,227,892	$ 6,273,126
Las Vegas Locals [Member]
Assets	1,629,101	1,634,732
Downtown Las Vegas [Member]
Assets	294,215	295,494
Midwest and South [Member]
Assets	3,786,375	3,805,301
Online [Member]
Assets	148,689	155,356
Managed and Other [Member]
Assets	121,610	124,161
Corporate Segment [Member]
Assets	$ 247,902	$ 258,082