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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 1 Months Ended 11 Months Ended 12 Months Ended
Feb. 07, 2025
Dec. 31, 2025
Dec. 31, 2024
Cash flows from operating activities:      
Net loss $ (51,024) $ (665,539) $ (567,754)
Adjustments to reconcile net loss to net cash provided by operating activities:      
Depreciation and amortization 22,343 293,118 379,544
Non-cash amortization of right of use assets 7,228 82,015 58,727
Share-based compensation 1,954 31,111 14,752
Impairment charges 0 181,620 248,879
Non-cash amortization of debt discounts, debt issuance costs and fair value adjustments 1,004 77,282 11,707
Loss on extinguishment of debt 0 93,120 0
Gain on sale-leaseback, net 0 0 (86,254)
Loss on disposal of business 0 0 27,796
Deferred income taxes (3,010) 4,665 23,947
Change in fair value of fair value option assets 0 (218,950) 0
Loss from equity method investments 594 3,264 1,850
Change in value of performance warrants 1,180 0 13,965
Change in contingent consideration payable 786 63,176 1,343
Foreign exchange loss (gain) (194) 34,768 (10,271)
Other operating activities 1,545 35,436 15,371
Changes in current operating assets and liabilities (62,592) (26,100) (19,603)
Net cash used in (provided by) operating activities (80,186) (11,014) 113,999
Cash flows from investing activities:      
Cash paid for acquisitions, net of cash acquired 0 2,117,529 (788)
Proceeds from sale-leaseback transactions 0 0 388,000
Cash paid for shares in Intralot 0 (13,799) 0
Cash paid for The Star Investment 0 (127,629) 0
Capital expenditures (16,424) (167,869) (199,827)
Proceeds from sale of property and equipment to GLPI 0 68,816 0
Cash paid for capitalized software (2,315) (35,468) (44,864)
Cash and cash equivalents transferred in sale of business 0 0 (4,178)
Restricted cash transferred in sale of business 0 0 (37,541)
Acquisition of gaming licenses 0 (3,002) (2,508)
Other investing activities 1,042 3,711 (459)
Net cash provided by (used in) investing activities (17,697) 1,842,289 97,835
Cash flows from financing activities:      
Issuance of long-term debt 97,000 1,330,000 440,000
Repayments of long-term debt (10,000) (1,938,818) (794,450)
Debt prepayment premium 0 (37,842) 0
Deferred payables, net 11,064 (41,437) 73,709
Payment of financing fees 0 (21,326) 0
Share repurchases 0 (416,180) 0
Purchase of incremental Intralot shares 0 (21,833) 0
Bally’s Chicago Inc. share issuance 0 18,132 0
Other financing activities (76) (11,887) (7,099)
Net cash (used in) provided by financing activities 97,988 (1,141,191) (287,840)
Effect of foreign currency on cash and cash equivalents (457) (14,300) (8,002)
Net change in cash and cash equivalents and restricted cash (352) 675,784 (84,008)
Cash and cash equivalents and restricted cash, beginning of period 231,254 230,902 315,262
Cash and cash equivalents and restricted cash, end of period 230,902 906,686 231,254
Supplemental disclosure of cash flow information:      
Cash paid for interest, net of amounts capitalized 39,069 340,739 314,245
Non-cash investing and financing activities:      
Unpaid property and equipment 15,772 23,963 20,256
Unpaid capitalized software 6,158 1,904 5,419
Non-controlling interest acquired 0 1,063,663 (428)
Initial recognition of Bally’s International Interactive non-controlling interest 0 (534,324) 0
Unpaid New York gaming license fee 0 500,000 0
Intralot shares received as settlement of loan receivable 0 46,905 0
Consideration receivable from sale of assets 0 3,474 0
Sale of business in exchange for note receivable 0 0 32,868
Investment in GLP Capital, L.P. 0 0 6,837
Company Merger      
Non-cash investing and financing activities:      
Consideration issues 0 955,647 0
Queen      
Non-cash investing and financing activities:      
Consideration issues 0 555,751 0
Intralot Transaction      
Non-cash investing and financing activities:      
Consideration paid $ 0 $ 1,604,756 $ 0