Receivables, net

3 Months Ended

Mar. 31, 2022

Accounts Receivable and Credit Risk

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


	March 31, 2022		December 31, 2021
Casino	$	191,884	$	199,030
Hotel	29,545		36,749
Other	65,679		75,003
	287,108		310,782
Less: allowance for credit losses	(100,101)		(111,319)
	$	187,007	$	199,463

As of March 31, 2022 and December 31, 2021, approximately 70.2% and 70.3%, 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 50.0% and 53.7% of gross casino receivables as of March 31, 2022 and December 31, 2021, 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 periods presented (in thousands):


	March 31,
	2022		2021
Balance at beginning of year	$	111,319	$	100,329
Provision for credit losses	342		7,367
Write-offs	(11,720)		(5,653)
Recoveries of receivables previously written off	378		501
Effect of exchange rate	(218)		(132)
Balance at end of period	$	100,101	$	102,412