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SUBSEQUENT EVENTS
12 Months Ended
Dec. 31, 2025
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS SUBSEQUENT EVENTS
New Term Loan Facility
On February 11, 2026, the Company entered into a new $1.1 billion term loan credit facility due 2031 (the “Term Loans”). The
Term Loans were provided by funds managed by Ares Management Credit, King Street Capital Management, and TPG Credit.
The Term Loans are secured by substantially all material assets of the Company and its wholly owned subsidiaries, subject to
customary exceptions and exclusions.
Term Loan Facility and Revolving Credit Facility Repayments
On February 11, 2026, the Company repaid in full the outstanding balance under its Term Loan Facility, resulting in cash
payments of $1.48 billion. Additionally, in February 2026, the Company paid down $448.0 million of amounts outstanding
under its Revolving Credit Facility, which had been drawn in January 2026 to fund the New York gaming license fee.