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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Income Taxes [Abstract]

US And Foreign Pre-Tax Income (Loss)

Amounts in thousands		2022			2021			2020
Income (loss) before taxes:
US		$	(10,142)		$	29,715		$	(45,927)
Foreign			16,152			(1,566)			2,639
Total income (loss) before taxes		$	6,010		$	28,149		$	(43,288)

(Benefit) Provision For Income Taxes

		For the year ended December 31,
Amounts in thousands			2022			2021			2020
US - Current		$	3,176		$	5,160		$	270
US - Deferred			(14,981)			—			973
(Benefit) provision for US income taxes		$	(11,805)		$	5,160		$	1,243
Foreign - Current		$	4,291		$	866		$	1,130
Foreign - Deferred			(146)			345			2,475
Provision for foreign income taxes		$	4,145		$	1,211		$	3,605
Total (benefit) provision for income taxes		$	(7,660)		$	6,371		$	4,848

Reconciliation Of Effective Income Tax Rate Statutory Federal Income Tax Rate

Amounts in thousands	2022	2021	2020
US federal income tax statutory rate	21.0%	21.0%	(21.0%)
Foreign tax rate differential	18.6%	(0.5%)	(5.8%)
State income tax (net of federal benefit)	0.9%	3.0%	(3.8%)
Meals, entertainment, gifts and giveaways	3.7%	0.4%	—
Statutory to US GAAP adjustments, including foreign currency	(3.7%)	2.6%	(1.8%)
Valuation allowance	(173.5%)	(4.6%)	41.0%
Unrecognized tax benefit	(4.7%)	(0.3%)	—
Stock options	7.0%	1.3%	(0.1%)
Global Intangible Low-Taxed Income ("GILTI"), net foreign tax credits	2.5%	—	—
Permanent and other items	0.7%	(0.3%)	2.7%
Total provision for income taxes	(127.5%)	22.6%	11.2%

Deferred Tax Assets And Liabilities

Amounts in thousands			2022			2021
Deferred tax assets (liabilities) - US Federal and state:
Deferred tax assets
Amortization of goodwill for tax		$	8,101		$	7,902
Financing obligation to VICI Properties, Inc. subsidiaries			69,356			68,342
Operating and finance leases			462			329
Disallowed interest expense			3,588			—
Accrued liabilities and other			1,040			861
			82,547			77,434
Valuation allowance			—			(10,236)
		$	82,547		$	67,198
Deferred tax liabilities
Property and equipment		$	(66,062)		$	(66,616)
Operating and finance leases			(444)			(313)
Prepaid expenses			(342)			(269)
Other			(718)			—
		$	(67,566)		$	(67,198)
Long-term deferred tax asset		$	14,981		$	—
Deferred tax assets (liabilities) - foreign
Deferred tax assets
Property and equipment		$	276		$	704
NOL carryforward			7,464			6,331
Accrued liabilities and other			984			1,018
Operating and finance leases			8,415			8,615
Subsidiary liquidation			2,810			3,802
Exchange rate gain			926			992
			20,875			21,462
Valuation allowance			(9,907)			(10,088)
		$	10,968		$	11,374
Deferred tax liabilities
Property and equipment		$	(3,823)		$	(4,071)
Exchange rate loss			(4)			(158)
Intangibles			(1,037)			(1,110)
Operating and finance leases			(7,726)			(7,894)
Others			(592)			(501)
		$	(13,182)		$	(13,734)
Long-term deferred tax liability		$	(2,214)		$	(2,360)

Periods Subject To Examination Of Tax Returns

Jurisdiction		Periods
US Federal		2017(1), 2019-2021
US State - Colorado		2018-2021
US State – Missouri		2019-2021
US State – West Virginia		2019-2021
Canada		2008-2021
Mauritius		2019-2021
Poland		2017-2021
Austria		2017-2021

Deferred Tax Assets Expiration

Amounts in thousands
2022 - 2032		$	176
2033 - 2042			6,424
No expiration			864
Total deferred tax assets		$	7,464

Unrecognized Tax Benefits

Amounts in thousands		2022			2021
Unrecognized tax benefit - January 1		$	777		$	835
Gross increases - tax positions in prior period			0			3
Gross decreases - tax positions in prior period			(31)			—
Gross increases - tax positions in current period			—			—
Settlements			—			—
Lapse of statute of limitations			(218)			(61)
Unrecognized tax benefit - December 31		$	528		$	777

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