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Investments in and Advances to Unconsolidated Affiliates (Tables)
 12 Months Ended
Dec. 31, 2021
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of Investments in and Advances to Unconsolidated Affiliates
Investments in and advances to unconsolidated affiliates consisted of the following:
 December 31,
 20212020
 (In thousands)
CityCenter (50% as of December 31, 2020)
$— $441,893 
MGP BREIT Venture (50.1% owned by the Operating Partnership)
816,756 810,066 
BetMGM (50%)
41,060 27,310 
Other109,228 167,774 
 $967,044 $1,447,043 
Schedule of Share of Net Income (Loss) From Unconsolidated Affiliates
The Company recorded its share of income (loss) from unconsolidated affiliates, including adjustments for basis differences, as follows:
 
Year Ended December 31,
 202120202019
 (In thousands)
Income from unconsolidated affiliates$84,823 $42,938 $119,521 
Non-operating items from unconsolidated affiliates(83,243)(103,304)(62,296)
 $1,580 $(60,366)$57,225 
Schedule of Share of Income (Loss) From Unconsolidated Affiliates
The following table summarizes further information related to the Company’s share of operating income (loss) from unconsolidated affiliates:
 
Year Ended December 31,
 202120202019
 (In thousands)
CityCenter (through September 26, 2021)$128,127 $(29,753)$128,421 
MGP BREIT Venture155,817 136,755 — 
BetMGM(211,182)(61,663)(15,804)
Other12,061 (2,401)6,904 
 $84,823 $42,938 $119,521 
Summarized Balance Sheet Information
Summarized balance sheet information is as follows:
 December 31,
 20212020
 (In thousands)
Cash and cash equivalents$16 $96,758 
Property and equipment, net4,439,851 10,237,004 
Other assets, net193,184 256,813 
Debt, net2,994,782 4,715,997 
Other liabilities8,018 270,583 
Summarized Income Statement Information
Summarized results of operations are as follows:
 
Year Ended December 31,
 202120202019
 (In thousands)
Net revenues$1,084,503 $869,638 $1,294,861 
Net income (loss)294,797 (43,749)69,143 
Tabular Disclosure of Differences between Share of Venture-Level Equity and Investment Balances
Differences between the Company’s share of venture-level equity and investment balances are as follows:
 December 31,
 20212020
 (In thousands)
Venture-level equity attributable to the Company$961,787 $2,981,550 
Adjustment to CityCenter equity upon contribution of net assets by MGM Resorts International(1)
— (504,171)
CityCenter capitalized interest(2)
— 168,966 
CityCenter completion guarantee(3)
— 248,730 
CityCenter deferred gain(4)
— (208,204)
CityCenter capitalized interest on sponsor notes(5)
— (33,010)
Other-than-temporary impairments of CityCenter investment(6)
— (1,256,516)
Other adjustments5,257 49,698 
 $967,044 $1,447,043 
(1)Primarily related to land and fixed assets.
(2)Related to interest capitalized on the Company’s investment balance during development and construction stages.
(3)Created by contributions to CityCenter under the completion guarantee recognized as equity contributions by CityCenter split between the members.
(4)Related to a deferred gain on assets contributed to CityCenter upon formation of CityCenter.
(5)Related to interest on the sponsor notes capitalized by CityCenter during development. Such sponsor notes were converted to equity in 2013.
(6)The impairment of the Company’s CityCenter investment included $352 million of impairments allocated to land.