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v3.22.2.2

SIGNIFICANT ACCOUNTING POLICIES (Tables) | 6 Months Ended
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Jun. 30, 2022
Accounting Policies [Abstract] |
Schedule of Cash and Restricted Cash | The following table reconciles cash and restricted cash in the condensed consolidated balance sheets to the total shown on the condensed consolidated statements of cash flows.
| June 30, |  | December 31,
(in thousands) | 2022 |  | 2021
Cash and cash equivalents | $ | 176,158 |  |  | $ | 206,193 |
Restricted cash | 55,198 |  |  | 68,647 |
Total cash and cash equivalents and restricted cash | $ | 231,356 |  |  | $ | 274,840 |
Schedule of Cash and Restricted Cash | The following table reconciles cash and restricted cash in the condensed consolidated balance sheets to the total shown on the condensed consolidated statements of cash flows.
| June 30, |  | December 31,
(in thousands) | 2022 |  | 2021
Cash and cash equivalents | $ | 176,158 |  |  | $ | 206,193 |
Restricted cash | 55,198 |  |  | 68,647 |
Total cash and cash equivalents and restricted cash | $ | 231,356 |  |  | $ | 274,840 |
Schedule of Accounts Receivable | Accounts receivable, net consists of the following:
| June 30, |  | December 31,
(in thousands) | 2022 |  | 2021
Amounts due from Rhode Island and Delaware(1) | $ | 13,729 |  |  | $ | 10,575 |
Gaming receivables | 12,110 |  |  | 10,576 |
Non-gaming receivables | 37,485 |  |  | 31,481 |
Accounts receivable | 63,324 |  |  | 52,632 |
Less: Allowance for doubtful accounts | (5,615) |  |  | (4,454) |
Accounts receivable, net | $ | 57,709 |  |  | $ | 48,178 |
__________________________________ (1) Represents the Company’s share of VLT and table games revenue for Bally’s Twin River and Bally’s Tiverton due from the State of Rhode Island and from the State of Delaware for Bally’s Dover.
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure | As of June 30, 2022 and December 31, 2021, prepaid expenses and other current assets was comprised of the following:
| June 30, |  | December 31,
(in thousands) | 2022 |  | 2021
Services and license agreements | $ | 24,357 |  |  | $ | 21,496 |
Due from payment service providers | 21,425 |  |  | 15,984 |
Sales tax | 9,124 |  |  | 18,308 |
Deposits | 8,028 |  |  | 8,748 |
Prepaid marketing | 5,844 |  |  | 10,066 |
Convertible loans | 5,205 |  |  | — |
Purse funds | 4,921 |  |  | 8,286 |
Unbilled revenue | 3,004 |  |  | 7,759 |
Prepaid insurance | 2,043 |  |  | 9,637 |
Other | 5,421 |  |  | 4,179 |
Total prepaid expenses and other current assets | $ | 89,372 |  |  | $ | 104,463 |
Property, Plant and Equipment | As of June 30, 2022 and December 31, 2021, property and equipment was comprised of the following:
| June 30, |  | December 31,
(in thousands) | 2022 |  | 2021
Land | $ | 59,378 |  |  | $ | 75,328 |
Land improvements | 31,170 |  |  | 34,704 |
Building and improvements | 617,080 |  |  | 650,837 |
Equipment | 209,825 |  |  | 182,006 |
Furniture and fixtures | 60,256 |  |  | 47,258 |
Construction in process | 73,407 |  |  | 53,715 |
Total property, plant and equipment | 1,051,116 |  |  | 1,043,848 |
Less: Accumulated depreciation | (230,662) |  |  | (205,197) |
Property and equipment, net | $ | 820,454 |  |  | $ | 838,651 |

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