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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (177) $ (111)
Adjustments to reconcile net loss to net cash from operating activities:    
Depreciation and amortization 297 297
Change in fair value of derivatives (15) 17
Non-cash interest income, net (1) (8)
Non-cash operating lease expense 32 31
Unrealized foreign currency exchange loss / (gain), net 8 (36)
Share-based compensation – equity classified 40 32
Share-based compensation – liability classified 1 14
Other expense, net 186 64
Deferred tax benefit (48) (113)
Change in contingent consideration   (2)
Change in operating assets and liabilities:    
Player deposits - investments   (7)
Accounts receivable, net 19 45
Prepaid expenses and other current assets 13 (73)
Accounts payable (18) 25
Other current liabilities (40) (119)
Player deposit liability 73 (77)
Operating leases liabilities (33) (28)
Net cash provided by / (used in) operating activities 337 (49)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (22) (18)
Purchases of intangible assets (57) (43)
Capitalized software (73) (66)
Acquisitions, net of cash acquired (107)  
Net cash used in investing activities (259) (127)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from issue of ordinary share upon exercise of options 14 1
Proceeds from issuance of long-term debt (net of transaction costs) 639 609
Repayment of long-term debt (834) (608)
Net cash (used in)/provided by financing activities (181) 2
NET DECREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (103) (174)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH – Beginning of the period 3,271 2,990
Foreign currency exchange gain on cash and cash equivalents (11) 25
CASH, CASH EQUIVALENTS AND RESTRICTED CASH – End of the period 3,157 2,841
CASH, CASH EQUIVALENTS AND RESTRICTED CASH comprise of:    
Cash and cash equivalents 1,353 821
Cash and cash equivalents – restricted 22 28
Player deposits – cash & and cash equivalents 1,782 1,992
CASH, CASH EQUIVALENTS AND RESTRICTED CASH – End of the period 3,157 2,841
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Interest paid 123 97
Income taxes paid 29 52
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Operating cash flows from operating leases 38 32
Right of use assets obtained in exchange for new operating lease liabilities 20 20
Adjustments to lease balances as a result of remeasurement. (2) $ 6
Business acquisitions (including contingent consideration) $ 26