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Receivables, net | 6 Months Ended
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Jun. 30, 2020
Receivables [Abstract] |
Receivables, net | Receivables, net Accounts Receivable and Credit Risk Receivables, net consisted of the following (in thousands):
| June 30, 2020 |  | December 31, 2019
Casino | $ | 264,186 |  |  | $ | 304,137 |
Hotel | 8,197 |  |  | 22,114 |
Other | 112,255 |  |  | 59,495 |
| 384,637 |  |  | 385,746 |
Less: allowance for credit losses | (88,319) |  |  | (39,317) |
| $ | 296,318 |  |  | $ | 346,429 |
Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of casino receivables. As of June 30, 2020 and December 31, 2019, approximately 82.3% and 79.0%, respectively, of the Company's markers were due from customers residing outside the United States, primarily in Asia. Business or economic conditions or other significant events in the countries in which our customers reside could affect the collectability of such receivables. The Company believes the concentration of its credit risk in casino receivables is mitigated substantially by its credit investigation process, credit policies and collection procedures. The Company’s allowance for casino credit losses was 31.9% and 12.4% of gross casino receivables as of June 30, 2020 and December 31, 2019, respectively. The increase in allowance for casino credit losses is primarily due to the impact of historical collection patterns and expectations of current and future collection trends in light of the COVID-19 pandemic, as well as the specific review of customer accounts. Although the Company believes that its allowance is adequate, it is possible the estimated amounts of cash collections with respect to receivables could change. The Company’s allowance for credit losses from its hotel and other receivables is not material. The following table shows the movement in the Company's allowance for credit losses recognized for receivables that occurred during the period (in thousands):
| June 30, 2020 |  | June 30, 2019
Balance at beginning of year | $ | 39,317 |  |  | $ | 32,694 |
Provision for credit losses | 48,960 |  |  | 9,003 |
Write-offs | (144) |  |  | (12,391) |
Recoveries of receivables previously written-off | 60 |  |  | — |
Effect of exchange rate | 126 |  |  | 54 |
Balance at end of period | $ | 88,319 |  |  | $ | 29,360 |

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- Definition The entire disclosure for claims held for amounts due a company, excluding disclosure for allowance for credit losses. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Also excludes disclosure for financing receivables. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -URI http://asc.fasb.org/subtopic&trid=2196772 + Details
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- References No definition available. + Details
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