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INVESTMENTS IN AND ADVANCES TO UNCONSOLIDATED AFFILIATES | 3 Months Ended
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Mar. 31, 2023
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:
| March 31, 2023 |  | December 31, 2022
| (In thousands)
BetMGM (50%) | $ | — |  |  | $ | 31,760 |
Other | 153,856 |  |  | 141,279 |
| $ | 153,856 |  |  | $ | 173,039 |
The Company’s share of losses of BetMGM in excess of its equity method investment balance is $24 million as of March 31, 2023. The Company recorded its share of loss from unconsolidated affiliates as follows:
| Three Months Ended March 31,
| 2023 |  | 2022
| (In thousands)
Loss from unconsolidated affiliates | $ | (74,999) |  |  | $ | (46,838) |
Non-operating items from unconsolidated affiliates | (1,184) |  |  | (15,133) |
| $ | (76,183) |  |  | $ | (61,971) |
The following table summarizes information related to the Company’s share of operating loss from unconsolidated affiliates:
| Three Months Ended March 31,
| 2023 |  | 2022
| (In thousands)
MGP BREIT Venture (through April 29, 2022) | $ | — |  |  | $ | 38,936 |
BetMGM | (81,872) |  |  | (91,993) |
Other | 6,873 |  |  | 6,219 |
| $ | (74,999) |  |  | $ | (46,838) |
In connection with the VICI Transaction in April 2022, the Company deconsolidated MGP and, accordingly, derecognized the assets and liabilities of MGP, which included MGP OP’s investment in MGP BREIT Venture. MGP BREIT Venture distributions. For the three months ended March 31, 2022, MGP OP received $24 million in distributions from MGP BREIT Venture. BetMGM contributions. For the three months ended March 31, 2023 and 2022, the Company contributed $25 million and $125 million to BetMGM, respectively.

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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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