Receivables, net

12 Months Ended

Dec. 31, 2023

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


	December 31,
	2023		2022
Casino	$	218,694	$	171,893
Hotel	54,596		35,654
Other	108,497		87,328
	381,787		294,875
Less: allowance for credit losses	(40,075)		(78,842)
	$	341,712	$	216,033

As of December 31, 2023 and 2022, approximately 68.2% and 57.6%, 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 15.9% and 43.2% of gross casino receivables as of December 31, 2023 and 2022, 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):


	December 31,
	2023		2022
Balance at beginning of year	$	78,842	$	111,319
Provision for credit losses	(3,964)		(7,295)
Write-offs	(47,611)		(30,100)
Recoveries of receivables previously written-off	12,897		4,987
Effect of exchange rate	(89)		(69)
Balance at end of period	$	40,075	$	78,842