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Pay vs Performance Disclosure - USD ($)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
Pay Versus Performance
As required by Section 953(a) of the Dodd-Frank Act, and Item 402(v) of Regulation
S-K,
we are providing the following information about the relationship between executive compensation actually paid to our Principal Executive Officer (“PEO”), the average of our other NEOs, other than the CEO
(“Non-PEO
NEOs”), and certain financial performance metrics of the Company. The Compensation Committee does not utilize this information when determining executive compensation. For further information concerning the Company’s
pay-for-performance
philosophy and how the Company seeks to align executive compensation with the Company’s performance, refer to the Compensation Discussion and Analysis section of this Proxy Statement.
 
                           
VALUE OF INITIAL FIXED $100
INVESTMENT BASED ON:
              
YEAR
  
SUMMARY
COMPENSATION
TABLE TOTAL
FOR PEO
(1)
    
COMPENSATION
ACTUALLY PAID
TO PEO
(2)
    
AVERAGE
SUMMARY
COMPENSATION
TABLE TOTAL
FOR
NON-PEO

NEOS
(3)
    
AVERAGE
COMPENSATION
ACTUALLY PAID
TO
NON-PEO

NEOS
(4)
    
TOTAL
SHAREHOLDER
RETURN
(5)
    
PEER GROUP
TOTAL
SHAREHOLDER
RETURN
(6)
    
NET INCOME
(LOSS)
(MILLIONS)
(7)
    
ADJUSTED 
EBITDA 
(MILLIONS)
(8)
 
  
2024
     $ 18,371,934       $ 8,133,642       $ 7,329,425       $ 4,044,557          $ 56.04          $ 98.50         $ (211 )        $ 3,739   
2023
     $ 18,610,359       $ 15,389,438       $ 5,776,307       $ 5,458,300          $ 78.60          $ 97.99         $ 828         $ 3,938   
2022
     $ 31,349,920       $ (15,761,300 )      $ 5,086,053       $ (4,320,027 )         $ 69.75          $ 76.58         $ (910 )        $ 3,243   
2021
     $ 22,597,251       $ 35,457,581       $ 7,207,522       $ 10,643,119          $ 156.82          $ 104.31         $ (1,016 )        $ 2,990   
2020
     $ 13,692,480       $ 23,627,242       $ 4,944,156       $ 7,883,678          $ 124.53          $ 108.20         $ (1,758 )        $ 794   
 
(1)
The dollar amounts shown in this column are the amounts of total compensation reported for Mr. Reeg (our PEO) for each corresponding year in the “Total” column of the Summary Compensation Table.
 
(2)
The dollar amounts reported in this column represent the amount of “compensation actually paid” to Mr. Reeg, as computed in accordance with Item 402(v) of Regulation
S-K.
The dollar amounts do not reflect the actual amount of compensation earned by or paid to Mr. Reeg during the applicable year. In accordance with the requirements of Item 402(v) of Regulation
S-K,
the following adjustments were made to Mr. Reeg’s total compensation for 2024 to determine the compensation actually paid:
 
    
PEO
  
YEAR
   
REPORTED SUMMARY
COMPENSATION
TABLE TOTAL
     
REPORTED VALUE OF
EQUITY AWARDS
(a)
     
EQUITY AWARD
ADJUSTMENTS
(b)
     
COMPENSATION
ACTUALLY PAID
  
2024
           $ 18,371,934             $ (13,535,975 )            $ 3,297,683           $ 8,133,642  
 
  (a)
The grant date fair value of equity awards represents the total of the amounts reported in the “Stock Awards” column in the Summary Compensation Table for 2024.
 
  (b)
The equity award adjustments include the addition (or subtraction, as applicable) of the following: (i) the
year-end
fair value of any equity awards granted in 2024 that are outstanding and unvested as of the end of the year; (ii) the amount of change, as of the end of 2024 as compared to the end of 2023, in fair value of any awards granted in prior years that are outstanding and unvested as of the end of 2024; and (iii) for awards granted in prior years that vest in 2024, the amount equal to the change as of the vesting date (from the end of 2023) in fair value. The amounts deducted or added, as applicable, in calculating the equity award adjustments are as follows:
 
   
PEO
  
YEAR
  
YEAR END FAIR
VALUE OF EQUITY
AWARDS GRANTED
AND UNVESTED IN
THE YEAR
    
YEAR OVER YEAR
CHANGE IN FAIR
VALUE OF OUTSTANDING
AND UNVESTED
EQUITY AWARDS
    
CHANGE IN FAIR
VALUE OF EQUITY
AWARDS GRANTED
IN PRIOR YEARS
THAT VESTED IN
THE YEAR
    
TOTAL EQUITY
AWARD
ADJUSTMENTS*
  
2024
          $ 8,345,775             $ (4,838,169 )           $ (209,923 )        $ 3,297,683  
 
  *
Key assumptions used in the Monte Carlo simulation for determining the equity adjustments as of December 31, 2024 for the 2024 and 2023 relative TSR PSU grants included: (i) the remaining expected terms of 2 years and 1 year, respectively; (ii) a risk-free rate commensurate with the remaining expected term of 4.21% and 4.12%, respectively; (iii) a dividend yield of 0%; and (iv) an expected volatility of 43.85% and 42.18%, respectively.
 
(3)
The dollar amounts reported in this column represent the average of the amounts reported for the Company’s named executive officers (NEOs) as a group (other than Mr. Reeg) in the “Total” column of the Summary Compensation Table in each applicable year. The names of each of the NEOs (excluding Mr. Reeg) included for purposes of calculating the average amounts in each applicable year are as follows: (i) for 2024, 2023 and 2022, Bret Yunker, Anthony L. Carano, Edmund L. Quatmann, Jr. and Stephanie Lepori (ii) for 2021, Gary L. Carano, Bret Yunker, Anthony L. Carano and Edmund L. Quatmann, Jr. and (iii) for 2020, Gary L. Carano, Bret Yunker, Anthony L. Carano and Stephanie Lepori. For 2023, we adjusted the amount reported for the “Average Summary Compensation Table Total for
Non-PEO
NEOs” for costs related to Mr. Yunker’s personal security costs, as discussed in the Summary Compensation Table.
 
(4)
The dollar amounts reported in this column represent the average amount of “compensation actually paid” to the NEOs as a group (identified in Footnote 3), as computed in accordance with Item 402(v) of Regulation
S-K.
The dollar amounts do not reflect the actual average amount of compensation earned by or paid to the NEOs as a group during the applicable year. In accordance with the requirements of Item 402(v) of Regulation
S-K,
the following adjustments were made to average total compensation for these NEOs as a group for 2024 to determine the compensation actually paid:
 
    
NON-PEO
NEOS
  
YEAR
   
REPORTED SUMMARY
COMPENSATION TABLE
     
REPORTED
VALUE OF EQUITY
AWARDS
(c)
     
EQUITY AWARD
ADJUSTMENTS
(d)
     
COMPENSATION
ACTUALLY PAID
  
2024
            $ 7,329,425           $ (5,509,220 )          $ 2,224,352           $ 4,044,557  
 
  (c)
Consistent with Note 2(a) above, the grant date fair value of equity awards represents the total of the amounts reported in the “Stock Awards” column in the Summary Compensation Table for 2024.
 
  (d)
Consistent with Note 2(b) above, the equity award adjustments include the addition (or subtraction, as applicable) of the following: (i) the
year-end
fair value of any equity awards granted in 2024 that are outstanding and unvested as of the end of the year; (ii) the amount of change as of the end of 2024, as compared to the end of 2023, in fair value of any awards granted in prior years that are outstanding and unvested as of the end of 2024; and (iii) for awards granted in prior years that vest in 2024, the amount equal to the change as of the vesting date (from the end of 2023) in fair value. The amounts deducted or added, as applicable, in calculating the equity award adjustments are as follows:
 
    
NON-PEO
NEOS
  
YEAR
   
AVG. YEAR END
FAIR VALUE OF
EQUITY AWARDS
GRANTED AND
UNVESTED IN THE YEAR
     
AVG. YEAR OVER
YEAR CHANGE IN
FAIR VALUE OF
OUTSTANDING
AND UNVESTED
EQUITY AWARDS
    
AVG. CHANGE IN
FAIR VALUE OF
EQUITY
AWARDS
GRANTED IN
PRIOR YEARS
THAT VESTED IN
THE YEAR
    
TOTAL EQUITY
AWARD
ADJUSTMENTS*
  
2024
            $ 3,572,574             $ (1,295,843 )           $ (52,379 )         $ 2,224,352  
 
  *
Key assumptions used in the Monte Carlo simulation for determining the equity adjustments as of December 31, 2024 for the 2024 and 2023 relative TSR PSU grants included: (i) the remaining expected terms of 2 years and 1 year, respectively; (ii) a risk-free rate commensurate with the remaining expected term of 4.21% and 4.12%, respectively; (iii) a dividend yield of 0%; and (iv) an expected volatility of 43.85% and 42.18%, respectively.
 
(5)
Cumulative TSR is calculated by dividing the sum of the cumulative amount
of
dividends for the measurement period, assuming dividend reinvestment, and the difference between the Company’s share price at the end and the beginning of the measurement period by the Company’s share price at the beginning of the measurement period.
 
(6)
Represents the weighted peer group TSR, weighted according to the respective companies’ stock market capitalization at the beginning of each period for which a return is indicated. The peer group used for this purpose is the following published industry index: The Dow Jones U.S. Gambling Total Stock Market Index.
 
(7)
The dollar amounts reported represent the amount of net income (loss) reflected in the Company’s audited financial statements for the applicable year.
 
(8)
While the Company uses numerous financial and
non-financial
performance measures for the purpose of evaluating performance for the Company’s compensation programs, the Company has determined that Adjusted EBITDA is the financial performance measure that, in the Company’s assessment, represents the most important performance measure (that is not otherwise required to be disclosed in the table) used by the Company to link company performance to compensation actually paid to the company’s NEOs, for the most recently completed fiscal year.
See Appendix A for a reconciliation of Net Income (Loss) to Adju
ste
d EBITDA, which is a
non-GAAP
measure.
       
Company Selected Measure Name Adjusted EBITDA        
Named Executive Officers, Footnote The dollar amounts reported in this column represent the average of the amounts reported for the Company’s named executive officers (NEOs) as a group (other than Mr. Reeg) in the “Total” column of the Summary Compensation Table in each applicable year. The names of each of the NEOs (excluding Mr. Reeg) included for purposes of calculating the average amounts in each applicable year are as follows: (i) for 2024, 2023 and 2022, Bret Yunker, Anthony L. Carano, Edmund L. Quatmann, Jr. and Stephanie Lepori (ii) for 2021, Gary L. Carano, Bret Yunker, Anthony L. Carano and Edmund L. Quatmann, Jr. and (iii) for 2020, Gary L. Carano, Bret Yunker, Anthony L. Carano and Stephanie Lepori. For 2023, we adjusted the amount reported for the “Average Summary Compensation Table Total for
Non-PEO
NEOs” for costs related to Mr. Yunker’s personal security costs, as discussed in the Summary Compensation Table. 		       
Peer Group Issuers, Footnote Represents the weighted peer group TSR, weighted according to the respective companies’ stock market capitalization at the beginning of each period for which a return is indicated. The peer group used for this purpose is the following published industry index: The Dow Jones U.S. Gambling Total Stock Market Index.        
PEO Total Compensation Amount $ 18,371,934 $ 18,610,359 $ 31,349,920 $ 22,597,251 $ 13,692,480
PEO Actually Paid Compensation Amount $ 8,133,642 15,389,438 (15,761,300) 35,457,581 23,627,242
Adjustment To PEO Compensation, Footnote The dollar amounts reported in this column represent the amount of “compensation actually paid” to Mr. Reeg, as computed in accordance with Item 402(v) of Regulation
S-K.
The dollar amounts do not reflect the actual amount of compensation earned by or paid to Mr. Reeg during the applicable year. In accordance with the requirements of Item 402(v) of Regulation
S-K,
the following adjustments were made to Mr. Reeg’s total compensation for 2024 to determine the compensation actually paid:
 
    
PEO
  
YEAR
   
REPORTED SUMMARY
COMPENSATION
TABLE TOTAL
     
REPORTED VALUE OF
EQUITY AWARDS
(a)
     
EQUITY AWARD
ADJUSTMENTS
(b)
     
COMPENSATION
ACTUALLY PAID
  
2024
           $ 18,371,934             $ (13,535,975 )            $ 3,297,683           $ 8,133,642  
 
  (a)
The grant date fair value of equity awards represents the total of the amounts reported in the “Stock Awards” column in the Summary Compensation Table for 2024.
 
  (b)
The equity award adjustments include the addition (or subtraction, as applicable) of the following: (i) the
year-end
fair value of any equity awards granted in 2024 that are outstanding and unvested as of the end of the year; (ii) the amount of change, as of the end of 2024 as compared to the end of 2023, in fair value of any awards granted in prior years that are outstanding and unvested as of the end of 2024; and (iii) for awards granted in prior years that vest in 2024, the amount equal to the change as of the vesting date (from the end of 2023) in fair value. The amounts deducted or added, as applicable, in calculating the equity award adjustments are as follows:
 
   
PEO
  
YEAR
  
YEAR END FAIR
VALUE OF EQUITY
AWARDS GRANTED
AND UNVESTED IN
THE YEAR
    
YEAR OVER YEAR
CHANGE IN FAIR
VALUE OF OUTSTANDING
AND UNVESTED
EQUITY AWARDS
    
CHANGE IN FAIR
VALUE OF EQUITY
AWARDS GRANTED
IN PRIOR YEARS
THAT VESTED IN
THE YEAR
    
TOTAL EQUITY
AWARD
ADJUSTMENTS*
  
2024
          $ 8,345,775             $ (4,838,169 )           $ (209,923 )        $ 3,297,683  
 
  *
Key assumptions used in the Monte Carlo simulation for determining the equity adjustments as of December 31, 2024 for the 2024 and 2023 relative TSR PSU grants included: (i) the remaining expected terms of 2 years and 1 year, respectively; (ii) a risk-free rate commensurate with the remaining expected term of 4.21% and 4.12%, respectively; (iii) a dividend yield of 0%; and (iv) an expected volatility of 43.85% and 42.18%, respectively.
       
Non-PEO NEO Average Total Compensation Amount $ 7,329,425 5,776,307 5,086,053 7,207,522 4,944,156
Non-PEO NEO Average Compensation Actually Paid Amount $ 4,044,557 5,458,300 (4,320,027) 10,643,119 7,883,678
Adjustment to Non-PEO NEO Compensation Footnote The dollar amounts reported in this column represent the average amount of “compensation actually paid” to the NEOs as a group (identified in Footnote 3), as computed in accordance with Item 402(v) of Regulation
S-K.
The dollar amounts do not reflect the actual average amount of compensation earned by or paid to the NEOs as a group during the applicable year. In accordance with the requirements of Item 402(v) of Regulation
S-K,
the following adjustments were made to average total compensation for these NEOs as a group for 2024 to determine the compensation actually paid:
    
NON-PEO
NEOS
  
YEAR
   
REPORTED SUMMARY
COMPENSATION TABLE
     
REPORTED
VALUE OF EQUITY
AWARDS
(c)
     
EQUITY AWARD
ADJUSTMENTS
(d)
     
COMPENSATION
ACTUALLY PAID
  
2024
            $ 7,329,425           $ (5,509,220 )          $ 2,224,352           $ 4,044,557  
 
  (c)
Consistent with Note 2(a) above, the grant date fair value of equity awards represents the total of the amounts reported in the “Stock Awards” column in the Summary Compensation Table for 2024.
 
  (d)
Consistent with Note 2(b) above, the equity award adjustments include the addition (or subtraction, as applicable) of the following: (i) the
year-end
fair value of any equity awards granted in 2024 that are outstanding and unvested as of the end of the year; (ii) the amount of change as of the end of 2024, as compared to the end of 2023, in fair value of any awards granted in prior years that are outstanding and unvested as of the end of 2024; and (iii) for awards granted in prior years that vest in 2024, the amount equal to the change as of the vesting date (from the end of 2023) in fair value. The amounts deducted or added, as applicable, in calculating the equity award adjustments are as follows:
 
    
NON-PEO
NEOS
  
YEAR
   
AVG. YEAR END
FAIR VALUE OF
EQUITY AWARDS
GRANTED AND
UNVESTED IN THE YEAR
     
AVG. YEAR OVER
YEAR CHANGE IN
FAIR VALUE OF
OUTSTANDING
AND UNVESTED
EQUITY AWARDS
    
AVG. CHANGE IN
FAIR VALUE OF
EQUITY
AWARDS
GRANTED IN
PRIOR YEARS
THAT VESTED IN
THE YEAR
    
TOTAL EQUITY
AWARD
ADJUSTMENTS*
  
2024
            $ 3,572,574             $ (1,295,843 )           $ (52,379 )         $ 2,224,352  
 
  *
Key assumptions used in the Monte Carlo simulation for determining the equity adjustments as of December 31, 2024 for the 2024 and 2023 relative TSR PSU grants included: (i) the remaining expected terms of 2 years and 1 year, respectively; (ii) a risk-free rate commensurate with the remaining expected term of 4.21% and 4.12%, respectively; (iii) a dividend yield of 0%; and (iv) an expected volatility of 43.85% and 42.18%, respectively.
       
Compensation Actually Paid vs. Total Shareholder Return
 
Description of Relationship Between PEO and Average
Non-PEO
NEO Compensation Actually Paid and Company Total Shareholder Return
The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our
Non-PEO
NEOs, and the Company’s cumulative TSR over the five most recently completed fiscal years.
 
 
LOGO 		       
Compensation Actually Paid vs. Net Income
 
Description of Relationship Between PEO and Average
Non-PEO
NEO Compensation Actually Paid and Net Income (Loss)
The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our
Non-PEO
NEOs, and our Net Income (Loss) during the five most recently completed fiscal years.
 
 
LOGO 		       
Compensation Actually Paid vs. Company Selected Measure
Description of Relationship Between PEO and Average
Non-PEO
NEO Compensation Actually Paid and Adjusted EBITDA
The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our
Non-PEO
NEOs, and our Adjusted EBITDA during the five most recently completed fiscal years.
 
 
LOGO 		       
Total Shareholder Return Vs Peer Group
 
Description of Relationship Between Company TSR and Peer Group TSR
The following chart compares our cumulative TSR over the five most recently completed fiscal years to that of the Dow Jones U.S. Gambling Total Stock Market Index over the same period.
 
 
LOGO 		       
Tabular List, Table
The most important financial performance measures used by the Company to link executive compensation actually paid to the Company’s NEOs, for the most recently completed fiscal year, to the Company’s performance are as follows:
 
  a.
Adjusted EBITDA
  b.
Relative TSR
  c.
Absolute TSR
       
Total Shareholder Return Amount $ 56.04 78.6 69.75 156.82 124.53
Peer Group Total Shareholder Return Amount 98.5 97.99 76.58 104.31 108.2
Net Income (Loss) $ (211,000,000) $ 828,000,000 $ (910,000,000) $ (1,016,000,000) $ (1,758,000,000)
Company Selected Measure Amount 3,739,000,000 3,938,000,000 3,243,000,000 2,990,000,000 794,000,000
PEO Name Mr. Reeg        
Measure:: 1          
Pay vs Performance Disclosure          
Name Adjusted EBITDA        
Non-GAAP Measure Description While the Company uses numerous financial and
non-financial
performance measures for the purpose of evaluating performance for the Company’s compensation programs, the Company has determined that Adjusted EBITDA is the financial performance measure that, in the Company’s assessment, represents the most important performance measure (that is not otherwise required to be disclosed in the table) used by the Company to link company performance to compensation actually paid to the company’s NEOs, for the most recently completed fiscal year. 		       
Measure:: 2          
Pay vs Performance Disclosure          
Name Relative TSR        
Measure:: 3          
Pay vs Performance Disclosure          
Name Absolute TSR        
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (13,535,975)        
PEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 3,297,683        
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 8,345,775        
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (4,838,169)        
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (209,923)        
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (5,509,220)        
Non-PEO NEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 2,224,352        
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 3,572,574        
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (1,295,843)        
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (52,379)