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INVESTMENTS IN AND ADVANCES TO UNCONSOLIDATED AFFILIATES
 12 Months Ended
Dec. 31, 2024
Equity Method Investments and Joint Ventures [Abstract]  
INVESTMENTS IN AND ADVANCES TO UNCONSOLIDATED AFFILIATES INVESTMENTS IN AND ADVANCES TO UNCONSOLIDATED AFFILIATES
Investments in and advances to unconsolidated affiliates were $381 million and $241 million as of December 31, 2024 and 2023, respectively. The Company’s share of losses of BetMGM North America Venture in excess of its equity method investment balance was $89 million and $5 million as of December 31, 2024 and 2023, respectively, which is recorded within “Other current liabilities” on the consolidated balance sheets.

The Company recorded its share of loss from unconsolidated affiliates as follows:

 
Year Ended December 31,
 202420232022
 (In thousands)
Loss from unconsolidated affiliates$(90,653)$(62,104)$(160,213)
Non-operating items from unconsolidated affiliates(734)(1,032)(23,457)
 $(91,387)$(63,136)$(183,670)

The following table summarizes information related to the Company’s share of operating loss from unconsolidated affiliates:
 
Year Ended December 31,
 202420232022
 (In thousands)
MGP BREIT Venture (through April 29, 2022)$— $— $51,051 
BetMGM North America Venture
(110,079)(90,894)(234,464)
Other19,426 28,790 23,200 
 $(90,653)$(62,104)$(160,213)

In connection with the VICI Transaction in April 2022, the Company deconsolidated MGP, and, accordingly, derecognized the assets and liabilities of MGP, which included MGP OP’s investment in MGP BREIT Venture.