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Consolidating Condensed Financial Information (Tables)
 12 Months Ended
Dec. 31, 2021
Condensed Financial Information Disclosure [Abstract]  
Consolidating Condensed Balance Sheet
As of December 31,
(In millions)20212020
ASSETS
Current assets$221 $3,038 
Investment in and advances to unconsolidated affiliates60 128 
Investment in subsidiaries10,311 6,798 
Property and equipment, net8 18 
Other assets, net333 513 
Total assets$10,933 $10,495 
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities$228 $231 
Long-term debt, less current portion6,190 5,084 
Deferred income taxes— 4 
Other long-term liabilities35 160 
Total liabilities6,453 5,479 
Total stockholders’ equity4,480 5,016 
Total liabilities and stockholders’ equity$10,933 $10,495 
Consolidating Condensed Statements of Operations
Years Ended December 31,
(In millions)202120202019
Net revenues$4 $7 $7 
Expenses:
Corporate expense43 71 65 
Management fee— (36)(22)
Depreciation and amortization6 6 5 
Transaction costs and other operating costs60 113 57 
Total operating expenses109 154 105 
Operating loss(105)(147)(98)
Other expense:
Interest expense(395)(257)(141)
Gain (loss) on interests in subsidiaries(437)(1,346)210 
Loss on extinguishment of debt(14)(132)(8)
Other income (loss)(72)197 9 
Loss from operations before income taxes(1,023)(1,685)(28)
Income tax benefit (provision)4 (72)109 
Net income (loss)$(1,019)$(1,757)$81 
Consolidating Condensed Statement of Cash Flows
Years Ended December 31,
(In millions)202120202019
Cash flows used in operating activities$(448)$(296)$(64)
Cash flows from investing activities
Purchase of property and equipment, net(1)(8)(5)
Former Caesars acquisition— (8,470)— 
William Hill Acquisition(3,938)— — 
Investments in unconsolidated affiliates— — (1)
Proceeds from sale of businesses, property and equipment, net of cash sold— — (209)
Proceeds from the sale of investments89 24 — 
Cash flows used in investing activities(3,850)(8,454)(215)
Cash flows from financing activities
Proceeds from long-term debt and revolving credit facilities1,200 9,365 33 
Debt issuance and extinguishment costs(17)(353)(1)
Repayments of long-term debt and revolving credit facilities(100)(3,339)(736)
Net proceeds from related parties705 1,320 1,022 
Cash paid to settle convertible notes(367)(903)— 
Proceeds from sale-leaseback financing arrangement— 3,219 — 
Taxes paid related to net share settlement of equity awards(45)(16)(8)
Proceeds from issuance of common stock3 2,718 — 
Cash flows provided by financing activities1,379 12,011 310 
Effect of foreign currency exchange rates on cash— 129 — 
Net increase (decrease) in cash, cash equivalents, and restricted cash(2,919)3,390 31 
Cash, cash equivalents, and restricted cash, beginning of period3,434 44 13 
Cash, cash equivalents, and restricted cash, end of period$515 $3,434 $44 
RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH TO AMOUNTS REPORTED WITHIN THE CONDENSED BALANCE SHEETS
Cash and cash equivalents in current assets$199 $1,114 $44 
Restricted cash in current assets— 1,895 — 
Restricted and escrow cash included in other assets, net316 425 — 
Total cash, cash equivalents and restricted cash$515 $3,434 $44