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Acquisition (Tables)
 12 Months Ended
Dec. 31, 2023
Business Combination and Asset Acquisition [Abstract]  
Summary of Assets Acquired and Liabilities Assumed
The following table summarizes the preliminary fair value of the assets acquired and liabilities assumed, net of cash acquired of $1.8 million, as of August 22, 2023:
(in millions)Total
Accounts receivable$9.0 
Other current assets3.0 
Property and equipment9.0 
Goodwill177.1 
Other intangible assets54.3 
Other assets0.9 
Total assets acquired$253.3 
Accounts payable2.7 
Accrued expenses and other current liabilities1.8 
Other liabilities assumed0.6 
Total liabilities assumed$5.1 
Net assets acquired (net of cash)$248.2 
The following table summarizes the fair value of the assets acquired and liabilities assumed, net of cash acquired of $126.4 million, as of November 1, 2022:
(in millions)Total
Accounts receivable$9.8 
Other current assets7.2 
Property and equipment611.2 
Goodwill347.8 
Other intangible assets1,941.5 
Deferred taxes20.8 
Other assets16.0 
Total assets acquired$2,954.3 
Accounts payable4.0 
Accrued expenses and other current liabilities96.9 
Other liabilities assumed17.5 
Total liabilities assumed$118.4 
Net assets acquired (net of cash)$2,835.9 
Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination
The fair value of the intangible assets consists of the following:
(in millions)Fair Value RecognizedEstimated Useful Life
Technology asset$23.9 
7.0 years
Customer relationships21.3 
15.0 years
Trademark8.7 
10.0 years
Other0.4 
5.0 years
Total intangible assets$54.3 
Schedule of Indefinite-lived Intangible Assets Acquired as Part of Business Combination
The fair value of the intangible assets consists of the following:
(in millions)Fair Value Recognized
Gaming rights$1,865.6 
Trademark75.9 
Total intangible assets$1,941.5 
Business Acquisition, Pro Forma Information
The following unaudited pro forma consolidated financial information for the Company has been prepared assuming the P2E Transaction had occurred as of January 1, 2021. The unaudited pro forma financial information is not necessarily indicative of either future results of operations or results of operations that might have been achieved had the acquisition been consummated as of January 1, 2021.
(in millions)Year Ended December 31, 2022Year Ended December 31, 2021
Net revenue$2,348.7 $2,153.6 
Net income$535.4 $205.1