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INVESTMENTS IN AND ADVANCES TO UNCONSOLIDATED AFFILIATES
12 Months Ended
Dec. 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:
 December 31,
 20232022
 (In thousands)
BetMGM (50%)
$— $31,760 
Other240,803 141,279 
 $240,803 $173,039 

The Company’s share of losses of BetMGM in excess of its equity method investment balance is $5 million as of December 31, 2023.

The Company recorded its share of income (loss) from unconsolidated affiliates, including adjustments for basis differences, as follows:
 
Year Ended December 31,
 202320222021
 (In thousands)
Income (loss) from unconsolidated affiliates$(62,104)$(160,213)$84,823 
Non-operating items from unconsolidated affiliates(1,032)(23,457)(83,243)
 $(63,136)$(183,670)$1,580 

The following table summarizes information related to the Company’s share of operating income (loss) from unconsolidated affiliates:
 
Year Ended December 31,
 202320222021
 (In thousands)
CityCenter (through September 26, 2021)$— $— $128,127 
MGP BREIT Venture (through April 29, 2022)— 51,051 155,817 
BetMGM(90,894)(234,464)(211,182)
Other28,790 23,200 12,061 
 $(62,104)$(160,213)$84,823 

Refer to Note 4 for discussion of the acquisition and consolidation of CityCenter in September 2021. 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. During the years ended December 31, 2022, and 2021, MGP OP received $32 million and $94 million, respectively, in distributions from MGP BREIT Venture.

BetMGM contributions. During the years ended December 31, 2023, 2022, and 2021, the Company contributed $50 million, $225 million, and $225 million to BetMGM, respectively.

CityCenter sale of Harmon land. In June 2021, CityCenter closed the sale of its Harmon land for $80 million on which it recorded a $30 million gain. The Company correspondingly recorded a $50 million gain, which included $15 million of its 50% share of the gain recorded by CityCenter and $35 million representing the reversal of certain basis differences.

Other. During the year ended December 31, 2021, the Company recognized other-than-temporary impairment charges of $22 million within “Property transactions, net” in the consolidated statements of operations related to investments in unconsolidated affiliates previously classified within “Other” in the “Investments in and advances to unconsolidated affiliates” table above.