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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2024
Income Taxes [Abstract] |
US And Foreign Pre-Tax Income (Loss) |
Amounts in thousands |  | 2024 As Restated |  | 2023 |  | 2022
(Loss) income before taxes: |  |  |  |  |  |  |  |  |
US |  | $ | (123,021) |  | $ | (30,793) |  | $ | (10,142)
Foreign |  |  | 3,136 |  |  | 6,961 |  |  | 16,152
Total (loss) income before taxes |  | $ | (119,885) |  | $ | (23,832) |  | $ | 6,010
Provision (Benefit) For Income Taxes |
|  | For the year ended December 31,
Amounts in thousands |  |  | 2024 As Restated |  |  | 2023 |  |  | 2022
US - Current |  | $ | 333 |  | $ | 1,088 |  | $ | 3,176
US - Deferred |  |  | 25,185 |  |  | (6,504) |  |  | (14,981)
Provision (benefit) for US income taxes |  | $ | 25,518 |  | $ | (5,416) |  | $ | (11,805)
Foreign - Current |  | $ | 2,174 |  | $ | 17,085 |  | $ | 4,291
Foreign - Deferred |  |  | (1,061) |  |  | (17,012) |  |  | (146)
Provision for foreign income taxes |  | $ | 1,113 |  | $ | 73 |  | $ | 4,145
Total provision (benefit) for income taxes |  | $ | 26,631 |  | $ | (5,343) |  | $ | (7,660)
Reconciliation Of Effective Income Tax Rate Statutory Federal Income Tax Rate |
Amounts in thousands | 2024 As Restated | 2023 | 2022
US federal income tax statutory rate | 21.0% | 21.0% | 21.0%
Foreign tax rate differential | (0.1%) | 23.3% | 18.6%
State income tax (net of federal benefit) | 3.5% | 2.1% | 0.9%
Income taxed to owners of non-controlling interest (Smooth Bourbon) | 1.2% | 4.7% | —
Meals, entertainment, gifts and giveaways | (0.2%) | (1.0%) | 3.7%
Statutory to US GAAP adjustments, including foreign currency | (0.6%) | 0.8% | (3.7%)
Valuation allowance | (46.0%) | (5.5%) | (173.5%)
Unrecognized tax benefit | 0.5% | (0.3%) | (4.7%)
Stock options | (0.1%) | (1.0%) | 7.0%
Effect of cross-border tax laws (GILTI, Subpart F) | (0.6%) | — | 2.5%
Foreign dividend withholding - current | (1.0%) | (5.1%) | —
Foreign dividend withholding - unremitted earnings | 0.2% | (15.0%) | —
Permanent and other items | — | (1.6%) | 0.7%
Total provision for income taxes | (22.2%) | 22.4% | (127.5%)
Deferred Tax Assets And Liabilities |
Amounts in thousands |  |  | 2024 As Restated |  |  | 2023
Deferred tax assets (liabilities) – US Federal and state: |  |  |  |  |  |
Deferred tax assets |  |  |  |  |  |
Amortization of goodwill for tax |  | $ | 23,429 |  | $ | 8,115
Financing obligation to VICI Properties, Inc. subsidiaries |  |  | 141,614 |  |  | 127,074
NOL carryforward |  |  | 4,344 |  |  | 2,705
Operating and finance leases |  |  | 331 |  |  | 394
Disallowed interest expense |  |  | 20,456 |  |  | 11,036
Accrued liabilities and other |  |  | 1,096 |  |  | 1,780
|  |  | 191,270 |  |  | 151,104
Valuation allowance |  |  | (55,682) |  |  | —
|  | $ | 135,588 |  | $ | 151,104
Deferred tax liabilities |  |  |  |  |  |
Property and equipment |  | $ | (135,522) |  | $ | (126,426)
Operating and finance leases |  |  | (312) |  |  | (375)
Prepaid expenses |  |  | (411) |  |  | (475)
Unremitted foreign subsidiary earnings |  |  | (3,044) |  |  | (2,343)
|  | $ | (139,289) |  | $ | (129,619)
Long-term deferred tax (liability) asset |  | $ | (3,701) |  | $ | 21,485
Deferred tax assets (liabilities) – foreign |  |  |  |  |  |
Deferred tax assets |  |  |  |  |  |
Property and equipment |  | $ | 613 |  | $ | 314
Financing obligation to VICI Properties, Inc. subsidiaries |  |  | 35,818 |  |  | 38,354
NOL carryforward |  |  | 9,967 |  |  | 10,245
Accrued liabilities and other |  |  | 867 |  |  | 978
Operating and finance leases |  |  | 5,580 |  |  | 5,138
Subsidiary liquidation |  |  | 1,831 |  |  | 2,378
Exchange rate gain |  |  | 695 |  |  | 589
|  |  | 55,371 |  |  | 57,996
Valuation allowance |  |  | (11,016) |  |  | (11,389)
|  | $ | 44,355 |  | $ | 46,607
Deferred tax liabilities |  |  |  |  |  |
Property and equipment |  | $ | (21,765) |  | $ | (24,425)
Exchange rate loss |  |  | (1) |  |  | (4)
Intangibles |  |  | (980) |  |  | (1,062)
Operating and finance leases |  |  | (4,975) |  |  | (4,485)
Unremitted foreign subsidiary earnings |  |  | (302) |  |  | (1,225)
Others |  |  | (475) |  |  | (609)
|  | $ | (28,498) |  | $ | (31,810)
Long-term deferred tax asset |  | $ | 15,857 |  | $ | 14,797
Periods Subject To Examination Of Tax Returns |
Jurisdiction |  | Periods |
US Federal |  | 2021-2023 |
US State – Colorado |  | 2020-2023 |
US State – Maryland |  | 2023 |
US State – Missouri |  | 2021-2023 |
US State – West Virginia |  | 2021-2023 |
Canada |  | 2020-2023 |
Mauritius |  | 2021-2023 |
Poland |  | 2019-2023 |
Austria |  | 2019-2023 |
Deferred Tax Assets Expiration |
Amounts in thousands |  |  |
2024 – 2034 |  | $ | 639
2035 – 2045 |  |  | 8,653
No expiration |  |  | 5,019
Total deferred tax assets |  | $ | 14,311
Unrecognized Tax Benefits |
Amounts in thousands |  | 2024 |  | 2023
Unrecognized tax benefit - January 1 |  | $ | 539 |  | $ | 528
Gross increases - tax positions in prior period |  |  | — |  |  | 11
Gross decreases - tax positions in prior period |  |  | — |  |  | —
Gross increases - tax positions in current period |  |  | — |  |  | —
Settlements |  |  | — |  |  | —
Lapse of statute of limitations |  |  | (539) |  |  | —
Unrecognized tax benefit - December 31 |  | $ | — |  | $ | 539

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