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SEGMENT REPORTING (Tables)
 3 Months Ended
Mar. 31, 2024
Segment Reporting [Abstract]  
Schedule of Reportable Segment Information
The following table sets forth revenue and Adjusted EBITDAR for the Company’s three reportable segments and reconciles Adjusted EBITDAR on a consolidated basis to net (loss) income. The Other category is included in the following tables in order to reconcile the segment information to the Company’s condensed consolidated financial statements.
Three Months Ended
March 31,
(in thousands)20242023
Revenue
Casinos & Resorts$342,329 $328,786 
International Interactive234,683 245,572 
North America Interactive41,470 24,362 
Total$618,482 $598,720 
Adjusted EBITDAR(1)
Casinos & Resorts$89,418 $105,123 
International Interactive83,532 80,301 
North America Interactive(10,158)(10,563)
Other(14,677)(17,268)
Total148,115 157,593 
Operating income (costs) and (expense):
Rent expense associated with triple net operating leases(2)
(31,647)(31,238)
Depreciation and amortization(159,746)(74,561)
Transaction costs(6,794)(22,018)
Restructuring (18,613)(16,822)
Share-based compensation(3,058)(6,040)
Gain on sale-leaseback— 374,186 
Other(2,212)(4,368)
(Loss) income from operations(73,955)376,732 
Other (expense) income
Interest expense, net of interest income(73,131)(63,264)
Other4,554 2,610 
Total other expense, net(68,577)(60,654)
(Loss) income before income taxes(142,532)316,078 
Provision for income taxes(31,382)(137,742)
Net (loss) income$(173,914)$178,336 
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(1)    Adjusted EBITDAR is defined as earnings, or loss, for the Company before interest expense, net of interest income, provision (benefit) for income taxes, depreciation and amortization, non-operating (income) expense, acquisition, integration and restructuring expense, share-based compensation, and certain other gains or losses as well as, when presented for our reporting segments, an adjustment related to the allocation of corporate cost among segments, plus rent expense associated with triple net operating leases. Adjusted EBITDAR should not be construed as an alternative to GAAP net income, its most directly comparable GAAP measure, nor is it directly comparable to similarly titled measures presented by other companies.
(2)    Consists primarily of the operating lease components contained within certain triple net leases with GLPI. Refer to Note 15 “Leases” for further information.
Three Months Ended March 31,
(in thousands)20242023
Capital Expenditures
Casinos & Resorts$9,879 $25,225 
International Interactive246 781 
North America Interactive260 526 
Other(1)
17,668 17,146 
Total$28,053 $43,678 
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(1)    Includes $17.5 million related to our future Bally’s Chicago permanent facility.
Total assets are not regularly reviewed for each operating segment when assessing segment performance or allocating resources and accordingly, are not presented.