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INVESTMENTS IN AND ADVANCES TO UNCONSOLIDATED AFFILIATES

6 Months Ended

Jun. 30, 2022

Equity Method Investments and Joint Ventures [Abstract]

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.