Receivables, net

6 Months Ended

Jun. 30, 2021

Accounts Receivable and Credit Risk

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


	June 30, 2021		December 31, 2020
Casino	$	243,489	$	207,823
Hotel	15,039		7,075
Other	85,474		85,589
	344,002		300,487
Less: allowance for credit losses	(98,043)		(100,329)
	$	245,959	$	200,158

As of June 30, 2021 and December 31, 2020, approximately 68.7% and 77.3%, 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 the Company's customers reside could affect the collectability of such receivables.

The Company’s allowance for casino credit losses was 39.3% and 47.2% of gross casino receivables as of June 30, 2021 and December 31, 2020, respectively. 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, 2021		June 30, 2020
Balance at beginning of year	$	100,329	$	39,317
Provision for credit losses	7,808		48,960
Write-offs	(10,490)		(144)
Recoveries of receivables previously written off	462		60
Effect of exchange rate	(66)		126
Balance at end of period	$	98,043	$	88,319