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LEASES (Tables) | 12 Months Ended
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Dec. 31, 2025
Leases [Abstract] |
Schedule of Quantitative Information of Operating Leases | Components of the Company’s lease costs were as follows:
| Successor |  |  | Predecessor
| Period from February 8, 2025 to December 31, 2025 |  |  | Period from January 1, 2025 to February 7, 2025 |  | Year Ended December 31, 2024
(in thousands) |  |  |
Operating lease expense(1) |  |  |  |  |  |
Operating lease cost | $208,377 |  |  | $21,714 |  | $157,829
Variable lease cost | 8,873 |  |  | 1,238 |  | 12,121
Operating lease expense | 217,250 |  |  | 22,952 |  | 169,950
Short-term lease expense | 21,925 |  |  | 2,393 |  | 22,871
Total operating lease expense | $239,175 |  |  | $25,345 |  | $192,821
Gain on sale lease-back, net(2)(3) | $— |  |  | $— |  | $86,254
__________________________________ (1)Included within “General and administrative” in the Consolidated Statements of Operations (2)Included within “Gain on sale-leaseback, net” in the Consolidated Statements of Operations. (3)Gain on sale-leaseback, net includes a gain of $26.4 million and $209.8 million from the termination of the previous right of use assets and lease liabilities and difference in the transaction price and the derecognition of assets, respectively, related to Bally’s Kansas City and Bally’s Shreveport, as well as a loss of $150.0 million as a result of the lease modification of the land underlying the Company’s Bally’s Chicago project during the year ended December 31, 2024 (Predecessor). Supplemental cash flow and other information related to operating leases are as follows:
| Successor |  |  | Predecessor
| Period from February 8, 2025 to December 31, 2025 |  |  | Period from January 1, 2025 to February 7, 2025 |  | Year Ended December 31, 2024
(in thousands) |  |  |
Cash paid for amounts included in the lease liability - operating cash flows from operating leases | $195,915 |  |  | $30,843 |  | $145,891
Right of use assets obtained in exchange for operating lease liabilities | $129,273 |  |  | $— |  | $495,747
Derecognition of operating leases | $(259,607) |  |  | $— |  | $—
Derecognition of financing obligation | $— |  |  | $— |  | $(200,000)
| Successor |  |  | Predecessor
| December 31, 2025 |  |  | December 31, 2024
Weighted average remaining lease term | 15.6 years |  |  | 26.2 years
Weighted average discount rate | 7.3% |  |  | 8.5%
Schedule of Future Minimum Rental Commitments | As of December 31, 2025 (Successor), future minimum lease payments under noncancelable operating leases are as follows:
(in thousands) |
2026 | $236,872
2027 | 230,118
2028 | 229,308
2029 | 229,933
2030 | 231,032
Thereafter | 2,255,078
Total lease payments | 3,412,341
Less: present value discount | (1,478,504)
Lease obligations(1) | $1,933,837
__________________________________ (1)Total lease obligations exclude future minimum lease payments under the Chicago MLA, which has not yet commenced as of December 31, 2025 (Successor).

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-4 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6 + Details
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