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Acquisitions & Dispositions (Tables) | 12 Months Ended
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Dec. 31, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract] |
Schedule of Assets Acquired and Liabilities Assumed | The following table summarizes the fair value of the assets acquired and liabilities assumed, net of cash acquired of $1.8 million, as of August 22, 2023:
(in millions) | Total
Accounts receivable | $ | 9.0 |
Other current assets | 3.0 |
Property and equipment | 9.0 |
Goodwill | 177.4 |
Other intangible assets | 54.3 |
Other assets | 0.9 |
Total assets acquired | $ | 253.6 |
Accounts payable | 2.7 |
Accrued expenses and other current liabilities | 2.1 |
Other liabilities assumed | 0.6 |
Total liabilities assumed | $ | 5.4 |
Net assets acquired (net of cash) | $ | 248.2 |
The following table summarizes the fair value of the assets acquired and liabilities assumed, net of cash acquired of $126.4 million, as of November 1, 2022:
(in millions) | Total
Accounts receivable | $ | 9.8 |
Other current assets | 7.2 |
Property and equipment | 611.2 |
Goodwill | 347.8 |
Other intangible assets | 1,941.5 |
Deferred taxes | 20.8 |
Other assets | 16.0 |
Total assets acquired | $ | 2,954.3 |
Accounts payable | 4.0 |
Accrued expenses and other current liabilities | 96.9 |
Other liabilities assumed | 17.5 |
Total liabilities assumed | $ | 118.4 |
Net assets acquired (net of cash) | $ | 2,835.9 |
Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination | The fair value of the intangible assets consists of the following:
(in millions) | Fair Value Recognized |  | Estimated Useful Life
Technology asset | $ | 23.9 |  |  | 7.0 years
Customer relationships | 21.3 |  |  | 15.0 years
Trademark | 8.7 |  |  | 10.0 years
Other | 0.4 |  |  | 5.0 years
Total intangible assets | $ | 54.3 |  |  |
The fair value of the intangible assets consists of the following:
(in millions) | Fair Value Recognized
Gaming rights | $ | 1,865.6 |
Trademark | 75.9 |
Total intangible assets | $ | 1,941.5 |
Schedule of Pro Forma Information | The following unaudited pro forma consolidated financial information for the Company has been prepared assuming the P2E Transaction had occurred as of January 1, 2021. The unaudited pro forma financial information is not necessarily indicative of either future results of operations or results of operations that might have been achieved had the acquisition been consummated as of January 1, 2021.
(in millions) | Year Ended December 31, 2022 |
Net revenue | $ | 2,348.7 |  |
Net income | $ | 535.4 |  |

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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-1 + Details
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