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BUSINESS COMBINATIONS (Tables)
9 Months Ended
Sep. 30, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Schedule of Business Combination, Recognized Asset Acquired and Liability Assumed
The preliminary allocation of the purchase price is as follows:
As of February 7, 2025
(in thousands)Preliminary as of February 7, 2025Year to Date AdjustmentsPreliminary as of September 30, 2025
Cash and cash equivalents$173,550 $— $173,550 
Restricted cash57,352 — 57,352 
Other current assets210,447 — 210,447 
Property and equipment1,065,486 (4,745)1,060,741 
Right of use assets1,692,346 17,215 1,709,561 
Goodwill1,555,354 10,995 1,566,349 
Intangible assets1,866,963 (7,542)1,859,421 
Other assets131,457 (1,864)129,593 
Total current liabilities(548,702)— (548,702)
Lease liabilities(1,823,153)(17,215)(1,840,368)
Long-term debt(2,914,688)— (2,914,688)
Other long-term liabilities(510,765)3,156 (507,609)
Net assets acquired$955,647 $— $955,647 
Schedule of Business Combination, Intangible Asset, Acquired, Finite-Lived and Indefinite-Lived
The Company recorded intangible assets based on estimates of fair value which consisted of the following:
Valuation ApproachEstimated Useful Life
(in years)
Estimated Fair Value
Gaming licensesGreenfield/Replacement Cost method
2-18
$750,978 
Customer relationshipsMulti-Period Excess Earnings/
Replacement Cost method
1-7
349,834 
Developed technologyRelief from royalty method5253,200 
Trade namesRelief from royalty method1274,700 
Intellectual property licenseRelief from royalty method7141,000 
Other amortizing intangiblesVarious methods
1-22
8,209 
Indefinite lived trade nameRelief from royalty methodIndefinite281,500 
Total fair value of intangible assets$1,859,421