Stock-Based Compensation and Stockholders' Equity (Tables)

9 Months Ended

Sep. 30, 2020

Share-based Payment Arrangement, Noncash Expense [Abstract]

Schedule of Share-based Compensation, Restricted Stock Units Activity

A summary of the RSUs activity, including performance awards, for the nine months ended September 30, 2020 is presented in the following table:

	Units	Weighted- Average Grant Date Fair Value (a)
Unvested outstanding as of December 31, 2019	1,246,641	$	35.56
Granted (b)	1,222,736	48.17
Acquired (c)	1,876,969	38.24
Vested	(1,068,509)	33.22
Forfeited	(22,912)	41.89
Unvested outstanding as of September 30, 2020	3,254,925	42.56

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(a)Represents the weighted-average grant date fair value of RSUs, which is the share price of our common stock on the grant date.

(b)Included are 20,615 RSUs granted to non-employee members of the Board of Directors during the nine months ended September 30, 2020.

(c)Assumed RSU shares of Former Caesars as of the Merger date.

Share-based Payment Arrangement, Activity

	Units	Weighted- Average Fair Value (a)
Unvested outstanding as of December 31, 2019	—	$	—
Granted	185,639	70.26
Acquired (b)	124,984	63.36
Vested	(61,322)	63.36
Forfeited	—	—
Unvested outstanding as of September 30, 2020	249,301	68.50

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(a)Represents the fair value determined using a Monte-Carlo simulation model.

(b)Assumed MSU shares of Former Caesars as of the Merger date.