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INVESTMENTS IN AND ADVANCES TO UNCONSOLIDATED AFFILIATES | 12 Months Ended
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Dec. 31, 2024
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 were $381 million and $241 million as of December 31, 2024 and 2023, respectively. The Company’s share of losses of BetMGM North America Venture in excess of its equity method investment balance was $89 million and $5 million as of December 31, 2024 and 2023, respectively, which is recorded within “Other current liabilities” on the consolidated balance sheets. The Company recorded its share of loss from unconsolidated affiliates as follows:
|  | Year Ended December 31,
|  | 2024 |  | 2023 |  | 2022
|  | (In thousands)
Loss from unconsolidated affiliates |  | $ | (90,653) |  |  | $ | (62,104) |  |  | $ | (160,213) |
Non-operating items from unconsolidated affiliates |  | (734) |  |  | (1,032) |  |  | (23,457) |
|  | $ | (91,387) |  |  | $ | (63,136) |  |  | $ | (183,670) |
The following table summarizes information related to the Company’s share of operating loss from unconsolidated affiliates:
|  | Year Ended December 31,
|  | 2024 |  | 2023 |  | 2022
|  | (In thousands)
MGP BREIT Venture (through April 29, 2022) |  | $ | — |  |  | $ | — |  |  | $ | 51,051 |
BetMGM North America Venture |  | (110,079) |  |  | (90,894) |  |  | (234,464) |
Other |  | 19,426 |  |  | 28,790 |  |  | 23,200 |
|  | $ | (90,653) |  |  | $ | (62,104) |  |  | $ | (160,213) |
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.

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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/recommendedDisclosureRef -Topic 740 -SubTopic 323 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478156/740-323-50-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481687/323-10-50-3 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481687/323-10-50-3 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 323 -Publisher FASB -URI https://asc.fasb.org/323/tableOfContent + Details
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