Receivables, net

12 Months Ended

Dec. 31, 2020

Receivables, net consisted of the following (in thousands):


	December 31,
	2020		2019
Casino	$	207,823	$	304,137
Hotel	7,075		22,114
Other	85,589		59,495
	300,487		385,746
Less: allowance for credit losses	(100,329)		(39,317)
	$	200,158	$	346,429

As of December 31, 2020 and 2019, approximately 77.3% 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’s allowance for casino credit losses was 47.2% and 12.4% of gross casino receivables as of December 31, 2020 and 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):


	December 31,
	2020		2019
Balance at beginning of year	$	39,317	$	32,694
Provision for credit losses	64,375		21,898
Write-offs	(4,692)		(15,438)
Recoveries of receivables previously written-off	1,264		84
Effect of exchange rate	65		79
Balance at end of period	$	100,329	$	39,317