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Leases (Tables)

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Summary of Lease Assets and Liabilities

The following table summarizes the balance sheet classification of the Company's lease assets and liabilities (in thousands):

									December 31,
			Balance Sheet Classification						2023						2022
Assets
Operating leases			Operating lease assets						$	1,832,896					$	1,853,164
Finance leases			Property and equipment, net						$	43,078					$	52,848
Current liabilities
Operating leases			Other accrued liabilities						$	9,295					$	9,905
Finance leases			Other accrued liabilities						$	13,412					$	18,416
Non-current liabilities
Operating leases			Long-term operating lease liabilities						$	1,631,749					$	1,615,157
Finance leases			Other long-term liabilities						$	24,028					$	29,407

Schedule of Lease Cost and Other Information

The following tables disclose the components of the Company's lease cost, supplemental cash flow disclosures, and other information regarding the Company's lease arrangements (in thousands):

			Year Ended December 31,
			2023						2022						2021
Lease cost:
Operating lease cost			$	17,173					$	18,321					$	22,878
Triple-net operating lease cost related to Encore Boston Harbor			141,722						11,773						—
Short-term lease cost			27,468						21,060						16,224
Amortization of leasehold interests in land			13,666						13,728						13,862
Variable lease cost			1,868						1,081						911
Finance lease interest cost			2,363						2,131						2,216
Total lease cost			$	204,260					$	68,094					$	56,091

			Year Ended December 31,
			2023						2022						2021
Supplemental cash flow disclosures:
Operating lease liabilities arising from obtaining operating lease assets			$	26,657					$	1,519,628					$	3,761
Finance lease liabilities arising from obtaining finance lease assets			$	8,842					$	5,906					$	7,423
Cash paid for amounts included in the measurement of lease liabilities:
Cash used in operating activities - Operating leases			$	139,054					$	26,094					$	21,404
Cash used in financing activities - Finance leases			$	19,267					$	18,188					$	15,658

			Year Ended December 31,
			2023						2022						2021
Other information:
Weighted-average remaining lease term - Operating leases			30.1 years						31.1 years						46.5 years
Weighted-average remaining lease term - Finance leases			19.7 years						16.0 years						14.0 years
Weighted-average discount rate - Operating leases			8.0		%				8.0		%				6.6		%
Weighted-average discount rate - Finance leases			5.8		%				5.0		%				4.7		%

Schedule of Operating Lease Maturity Analysis

The following table presents an analysis of lease liability maturities as of December 31, 2023 (in thousands):

Year Ending December 31,						Operating Leases						Finance Leases
2024						$	142,219					$	15,064
2025						142,674						4,348
2026						142,954						4,016
2027						145,444						2,551
2028						146,561						989
Thereafter						3,836,365						61,796
Total undiscounted cash flows						$	4,556,217					$	88,764
Present value
Short-term lease liabilities						$	9,295					$	13,412
Long-term lease liabilities						1,631,749						24,028
Total lease liabilities						$	1,641,044					$	37,440
Interest on lease liabilities						$	2,915,173					$	51,324

Schedule of Finance Lease Maturity Analysis

The following table presents an analysis of lease liability maturities as of December 31, 2023 (in thousands):

Year Ending December 31,						Operating Leases						Finance Leases
2024						$	142,219					$	15,064
2025						142,674						4,348
2026						142,954						4,016
2027						145,444						2,551
2028						146,561						989
Thereafter						3,836,365						61,796
Total undiscounted cash flows						$	4,556,217					$	88,764
Present value
Short-term lease liabilities						$	9,295					$	13,412
Long-term lease liabilities						1,631,749						24,028
Total lease liabilities						$	1,641,044					$	37,440
Interest on lease liabilities						$	2,915,173					$	51,324

Schedule of Minimum and Contingent Operating Lease Income

The following table presents the minimum and contingent operating lease income for the periods presented (in thousands):

			Year Ended December 31,
			2023						2022						2021
Minimum rental income			$	131,901					$	126,226					$	104,860
Contingent rental income			96,831						62,586						97,521
Total rental income			$	228,732					$	188,812					$	202,381

Schedule of Future Minimum Rentals to be Received Under Operating Leases

The following table presents the future minimum rentals to be received under operating leases (in thousands):

Year Ending December 31,			Operating Leases
2024			$	135,414
2025			120,675
2026			87,482
2027			69,912
2028			42,834
Thereafter			65,961
Total future minimum rentals			$	522,278

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- Definition

Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position.

+ References

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-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147478964/842-20-50-6

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+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
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+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147478964/842-20-50-6

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+ References

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-Topic 842
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
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-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479773/842-30-50-5

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