LONG-TERM DEBT (Tables)

12 Months Ended

Dec. 31, 2021

LONG-TERM DEBT

Schedule of long-term debt

Long-term debt consists of the following:

	As of December 31,
	2021		2020
	(In thousands)
7.375% Senior Secured Notes due February 2028	$	825,000	$	—
PPP Loan		7,505		—
2018 Credit Facility		—		129,935
MGM National Harbor Loan		—		57,889
2017 Credit Facility		—		317,332
8.75% Senior Secured Notes due December 2022		—		347,016
7.375% Senior Secured Notes due April 2022		—		2,984
Total debt		832,505		855,156
Less: current portion of long-term debt		—		23,362
Less: original issue discount and issuance costs		13,889		12,870
Long-term debt, net	$	818,616	$	818,924

Schedule of future scheduled minimum principal payments

Future scheduled minimum principal payments of debt as of December 31, 2021, were as follows:

	7.375% Senior
	Secured Notes due
	February 2028		PPP Loan		Total
	(In thousands)
2022	$	—	$	—	$	—
2023		—		—		—
2024		—		—		—
2025		—		—		—
2026		—		7,505		7,505
2027 and thereafter		825,000		—		825,000
Total Debt	$	825,000	$	7,505	$	832,505