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ACQUISITIONS (Tables)
 9 Months Ended
Sep. 30, 2022
Business Combination and Asset Acquisition [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
The following table summarizes the consideration paid and the fair values of the assets acquired and liabilities assumed in connection with the acquisition of Bally’s Lake Tahoe on April 6, 2021:
As of April 6, 2021
(in thousands)Preliminary as of December 31, 2021Year to Date AdjustmentsFinal
Total current assets$4,683 $— $4,683 
Property and equipment, net6,361 — 6,361 
Right of use assets, net57,017 — 57,017 
Intangible assets, net5,430 — 5,430 
Accounts payable and accrued liabilities(3,402)(144)(3,546)
Lease liabilities(52,927)— (52,927)
Other long-term liabilities(941)37 (904)
Net assets acquired16,221 (107)16,114 
Bargain purchase gain(2,049)107 (1,942)
Total purchase price$14,172 $— $14,172 
The following table summarizes the consideration paid and the fair values of the assets acquired and liabilities assumed in connection with the acquisition of Bally’s Evansville on June 3, 2021. There were no purchase accounting adjustments recorded during the nine months ended September 30, 2022.

As of June 3, 2021
(in thousands)Final
Cash and cash equivalents$9,355 
Accounts receivable, net1,474 
Inventory and prepaid expenses and other current assets1,202 
Property and equipment, net12,325 
Right of use assets, net285,772 
Intangible assets, net154,210 
Other assets468 
Accounts payable and accrued liabilities(10,927)
Lease liabilities(285,772)
Deferred tax liability(7,233)
Other long-term liabilities(310)
Net assets acquired160,564 
Bargain purchase gain(20,856)
Total purchase price$139,708 
The following table summarizes the consideration paid and the fair values of the assets acquired and liabilities assumed in connection with the Bally’s Quad Cities acquisition on June 14, 2021.

As of June 14, 2021
(in thousands)Preliminary as of December 31, 2021Year to Date AdjustmentsFinal
Cash and cash equivalents$2,933 $— $2,933 
Accounts receivable, net2,986 — 2,986 
Inventory and prepaid expenses and other current assets798 — 798 
Property and equipment, net73,135 — 73,135 
Intangible assets, net31,180 — 31,180 
Goodwill14,593 (1,285)13,308 
Total current liabilities(6,697)1,285 (5,412)
Total purchase price$118,928 $— $118,928 
The following table summarizes the consideration paid and the preliminary fair values of the assets acquired and liabilities assumed in connection with the Tropicana Las Vegas acquisition on September 26, 2022.
(in thousands)Preliminary as of September 30, 2022
Cash and cash equivalents$1,775 
Accounts receivable, net4,384 
Inventory and prepaid expenses and other current assets4,622 
Property and equipment, net136,116 
Right of use assets, net164,347 
Intangible assets, net5,140 
Goodwill4,402 
Other assets766 
Total current liabilities(8,725)
Lease liabilities(164,173)
Other long-term liabilities(395)
Total purchase price$148,259 
The following table summarizes the consideration paid and the fair values of the assets acquired and liabilities assumed in connection with the North America Interactive Acquisitions.
(in thousands)
As of September 30, 2022(1)
Cash and cash equivalents$8,689 
Accounts receivable, net4,498 
Prepaid expenses and other current assets3,104 
Property and equipment, net596 
Intangible assets, net167,075 
Goodwill250,730 
Total current liabilities(14,787)
Deferred tax liability(15,811)
Acquired non-controlling interest(3,760)
Net investment in the North America Interactive Acquisitions$400,334 
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(1)    As of September 30, 2022, the purchase price allocation of Degree 53 is preliminary and are final for Bally’s Interactive, AVP, Telescope, SportCaller and MKF.

During the three and nine months ended September 30, 2022, the Company recorded purchase accounting adjustments for the North America Interactive Acquisitions, increasing both goodwill and accrued liabilities by $0.2 million.
The following table summarizes the consideration paid and the preliminary fair values of the assets acquired and liabilities assumed in connection with the acquisition of Gamesys as of October 1, 2021.

(in thousands)Preliminary as of December 31, 2021Year to Date Adjustments
Preliminary as of September 30, 2022
Cash and cash equivalents and restricted cash$183,306 $— $183,306 
Accounts receivable, net35,851 — 35,851 
Prepaid expenses and other current assets
27,876 542 28,418 
Property and equipment, net15,230 — 15,230 
Right of use assets, net14,185 — 14,185 
Goodwill
1,678,476 277 1,678,753 
Intangible assets, net1,513,023 — 1,513,023 
Other assets17,668 — 17,668 
Accounts payable(47,881)— (47,881)
Accrued income taxes(40,250)— (40,250)
Accrued liabilities(177,109)(819)(177,928)
Long-term debt, net(456,469)— (456,469)
Lease liabilities(14,185)— (14,185)
Deferred tax liability(143,924)— (143,924)
Other long-term liabilities(6,680)— (6,680)
Total purchase price
$2,599,117 $— $2,599,117 
Business Acquisition, Pro Forma Information
Three Months EndedNine Months Ended
(in thousands)September 30, 2021September 30, 2021
Revenue$595,051 $1,676,782 
Net loss$(27,092)$(53,411)