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INVESTMENTS IN AND ADVANCES TO UNCONSOLIDATED AFFILIATES | 6 Months Ended
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Jun. 30, 2022
Equity Method Investments and Joint Ventures [Abstract] |
INVESTMENTS IN AND ADVANCES TO UNCONSOLIDATED AFFILIATES | INVESTMENTS IN AND ADVANCES TO UNCONSOLIDATED AFFILIATES Investments in and advances to unconsolidated affiliates consisted of the following:
| June 30, 2022 |  | December 31, 2021
| (In thousands)
VICI BREIT Venture (50.1% owned by the Operating Partnership through April 28, 2022) | $ | — |  |  | $ | 816,756 |
BetMGM (50%) | 27,625 |  |  | 41,060 |
Other | 127,975 |  |  | 109,228 |
| $ | 155,600 |  |  | $ | 967,044 |
The Company recorded its share of income (loss) from unconsolidated affiliates, including adjustments for basis differences, as follows:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
| (In thousands)
Income (loss) from unconsolidated affiliates | $ | (55,583) |  |  | $ | 83,338 |  |  | $ | (102,421) |  |  | $ | 57,759 |
Non-operating items from unconsolidated affiliates | (6,120) |  |  | (23,216) |  |  | (21,253) |  |  | (44,052) |
| $ | (61,703) |  |  | $ | 60,122 |  |  | $ | (123,674) |  |  | $ | 13,707 |
The following table summarizes information related to the Company’s share of operating income (loss) from unconsolidated affiliates:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
| (In thousands)
CityCenter | $ | — |  |  | $ | 90,212 |  |  | $ | — |  |  | $ | 87,380 |
VICI BREIT Venture | 12,116 |  |  | 38,954 |  |  | 51,051 |  |  | 77,917 |
BetMGM | (71,229) |  |  | (45,979) |  |  | (163,223) |  |  | (105,215) |
Other | 3,530 |  |  | 151 |  |  | 9,751 |  |  | (2,323) |
| $ | (55,583) |  |  | $ | 83,338 |  |  | $ | (102,421) |  |  | $ | 57,759 |
Refer to Note 3 for discussion of the acquisition and consolidation of CityCenter in September 2021 and for discussion of the derecognition of the assets and liabilities of MGP, which included the Operating Partnership’s investment in VICI BREIT Venture, in April 2022. VICI BREIT Venture distributions. For the three and six months ended June 30, 2022, the Operating Partnership received $8 million and $32 million in distributions, respectively. For the three and six months ended June 30, 2021, the Operating Partnership received $32 million and $47 million in distributions, respectively. BetMGM contributions. For the three and six months ended June 30, 2022, the Company contributed $25 million and $150 million to BetMGM, respectively. For the three and six months ended June 30, 2021, the Company contributed $25 million and $100 million to BetMGM, respectively.

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- References No definition available. + Details
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- Definition The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -URI https://asc.fasb.org/topic&trid=2196965 + Details
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