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SEGMENT REPORTING - Reconciliation Schedule (Details) - USD ($) $ in Thousands | 1 Months Ended | 3 Months Ended | 11 Months Ended | 12 Months Ended
--- | --- | --- | --- | ---
Feb. 07, 2025 | Sep. 30, 2025 | Dec. 31, 2025 | Dec. 31, 2025 | Dec. 31, 2024
Segment Reporting Information [Line Items] |  |  |  |  |
Total revenue | $ 220,498 |  | $ 2,436,189 |  | $ 2,450,478
Adjusted EBITDAR | 40,059 |  | 637,237 |  | 614,530
Depreciation and amortization | (22,343) |  | (293,118) |  | (379,544)
Transaction costs | (5,106) |  | (100,488) |  | (41,060)
Restructuring | 0 |  | 0 |  | (17,921)
Tropicana Las Vegas demolition and closure costs | (2,605) |  | (28,332) |  | (59,838)
Share-based compensation | (1,954) |  | (31,111) |  | (14,752)
Gain on sale-leaseback, net | 0 |  | 0 |  | 86,254
Impairment charges | 0 |  | (181,620) |  | (248,879)
Loss on disposal of business | 0 |  | 0 |  | (27,796)
Merger Agreement and Intralot Transaction costs | (11,233) |  | (63,161) |  | (14,808)
Payment Service Provider write-off | 0 |  | 0 |  | (6,333)
Other | (1,915) |  | (57,881) |  | (29,262)
Loss from operations | (20,766) |  | (277,702) |  | (258,328)
Interest expense, net | (27,229) |  | (365,233) |  | (289,629)
Other | (2,365) |  | 24,960 |  | (4,545)
Total other expense, net | (29,594) |  | (340,273) |  | (294,174)
Loss before income taxes | (50,360) |  | (617,975) |  | (552,502)
Provision for income taxes | (664) |  | (47,564) |  | (15,252)
Net loss | (51,024) |  | (665,539) | $ (665,539) | (567,754)
Charges to expense | 96 | $ 6,300 |  | $ 3,655 | 1,990
Proceeds from payment service provider |  | $ 5,100 |  |  |
GLPI |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |
Rent expense associated with triple net operating leases | (15,669) |  | (159,228) |  | (118,919)
Casinos & Resorts |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |
Total revenue | 124,299 |  | 1,382,438 |  | 1,363,113
Adjusted EBITDAR | 23,554 |  | 370,774 |  | 370,518
Bally's Intralot B2B |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |
Total revenue | 3,720 |  | 97,354 |  | 6,861
Adjusted EBITDAR | 3,720 |  | 34,769 |  | 6,861
Bally's Intralot B2C |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |
Total revenue | 75,265 |  | 752,996 |  | 902,632
Adjusted EBITDAR | 25,220 |  | 297,788 |  | 329,599
North America Interactive |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |
Total revenue | 16,941 |  | 196,310 |  | 170,317
Adjusted EBITDAR | (5,661) |  | (5,007) |  | (27,498)
Corporate & Other |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |
Total revenue | 273 |  | 7,091 |  | 7,555
Adjusted EBITDAR | $ (6,774) |  | $ (61,087) |  | $ (64,950)

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