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SEGMENT REPORTING (Tables)
 9 Months Ended
Sep. 30, 2024
Segment Reporting [Abstract]  
Schedule of Reportable Segment Information
The following table sets forth revenue and Adjusted EBITDAR for the Company’s three reportable segments and reconciles Adjusted EBITDAR on a consolidated basis to net (loss) income. The Other category is included in the following tables in order to reconcile the segment information to the Company’s condensed consolidated financial statements.
Three Months Ended
September 30,		Nine Months Ended
September 30,
(in thousands)2024202320242023
Revenue
Casinos & Resorts$353,358 $359,026 $1,038,738 $1,020,974 
International Interactive230,937 243,884 695,016 737,230 
North America Interactive45,679 29,567 136,359 79,199 
Total$629,974 $632,477 $1,870,113 $1,837,403 
Adjusted EBITDAR(1)
Casinos & Resorts$100,442 $118,184 $289,661 $334,312 
International Interactive90,030 85,477 254,854 250,352 
North America Interactive(10,976)(17,561)(27,891)(45,809)
Other(13,163)(12,883)(40,377)(46,687)
Total166,333 173,217 476,247 492,168 
Operating (expense) income
Rent expense associated with triple net operating leases(2)
(28,602)(31,594)(88,575)(94,152)
Depreciation and amortization(77,800)(77,487)(316,328)(231,235)
Transaction costs(19,788)(20,953)(39,123)(59,405)
Restructuring 1,068 (411)(17,921)(20,673)
Tropicana Las Vegas demolition costs(19,643)— (31,904)— 
Share-based compensation(4,099)(6,257)(11,629)(18,587)
(Loss) gain on sale-leaseback, net(150,000)— (150,000)374,321 
Impairment charges— — (12,757)(9,653)
Merger Agreement costs(3)
(9,802)— (11,791)— 
Payment Service Provider write-off (4)
(6,333)— (6,333)— 
Other(8,989)721 (15,923)(12,834)
Income (loss) from operations(157,655)37,236 (226,037)419,950 
Other (expense) income
Interest expense, net of interest income(73,975)(70,630)(221,306)(200,987)
Other(49,854)15,528 (38,370)24,949 
Total other expense, net(123,829)(55,102)(259,676)(176,038)
(Loss) income before income taxes(281,484)(17,866)(485,713)243,912 
(Benefit) provision for income taxes33,629 (43,936)3,748 (153,029)
Net (loss) income$(247,855)$(61,802)$(481,965)$90,883 
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(1)    Adjusted EBITDAR is defined as earnings, or loss, for the Company before interest expense, net of interest income, provision (benefit) for income taxes, depreciation and amortization, non-operating (income) expense, acquisition, integration and restructuring expense, share-based compensation, and certain other gains or losses as well as, when presented for our reporting segments, an adjustment related to the allocation of corporate cost among segments, plus rent expense associated with triple net operating leases. Adjusted EBITDAR should not be construed as an alternative to GAAP net income, its most directly comparable GAAP measure, nor is it directly comparable to similarly titled measures presented by other companies.
(2)    Consists primarily of the operating lease components contained within certain triple net leases with GLPI. Refer to Note 15 “Leases” for further information.
(3)    Costs incurred in connection with the Merger Agreement discussed in Note 1 “General Information.”
(4)    In the third quarter, the Company recorded a $6.3 million charge to reduce amounts due from payment service providers (“PSP”) due to a circumstance whereby the payment processer for certain online sports wagering deposits failed to capture and settle funds with patrons of the Company. The Company was not able to recover the full amount due from the payment service provider, resulting in a write down to the recoverable amount. In addition to amounts recovered, the Company received $5.1 million from the PSP as a signing bonus for entering into an extension agreement.
Three Months Ended September 30,Nine Months Ended September 30,
(in thousands)2024202320242023
Capital Expenditures
Casinos & Resorts$20,768 $40,206 $44,973 $99,908 
International Interactive86 457 444 2,114 
North America Interactive886 79 1,575 1,637 
Other(1)
70,576 105,943 108,765 162,572 
Total$92,316 $146,685 $155,757 $266,231 
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(1)    Includes $70.3 million and $108.3 million related to our future Bally’s Chicago permanent facility during the three and nine months ended September 30, 2024, respectively.
As of September 30, 2024 and December 31, 2023, carrying values of goodwill by reportable segment are as follows:

(in thousands)September 30, 2024December 31, 2023
Goodwill
Casinos & Resorts(1)
$313,285 $313,493 
International Interactive1,644,774 1,586,590 
North America Interactive(2)
35,750 35,720 
Total(3)
$1,993,809 $1,935,803 
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(1)    Net of accumulated goodwill impairment charges of $5.4 million.
(2)    Net of accumulated goodwill impairment charges of $140.4 million
(3)    The effect of foreign exchange on the change in total goodwill from December 31, 2023 was $58.2 million.