Investments in and Advances to Unconsolidated Affiliates

3 Months Ended

Mar. 31, 2021

Equity Method Investments And Joint Ventures [Abstract]

Investments in and Advances to Unconsolidated Affiliates

NOTE 3 — INVESTMENTS IN AND ADVANCES TO UNCONSOLIDATED AFFILIATES

Investments in and advances to unconsolidated affiliates consisted of the following:  

	March 31,		December 31,
	2021		2020
	(In thousands)
CityCenter Holdings, LLC – CityCenter (50%)	$	432,781	$	441,893
MGP BREIT Venture (50.1% owned by the Operating Partnership)		820,390		810,066
BetMGM (50%)		43,054		27,310
Other		143,229		167,774
	$	1,439,454	$	1,447,043

The Company recorded its share of income (loss) from unconsolidated affiliates, including adjustments for basis differences, as follows:  

		Three Months Ended
		March 31,
		2021			2020
	(In thousands)
Income (loss) from unconsolidated affiliates		$	(25,579	)	$	35,748
Non-operating items from unconsolidated affiliates			(20,836	)		(32,621	)
		$	(46,415	)	$	3,127

The following table summarizes information related to the Company’s share of operating income (loss) from unconsolidated affiliates:

		Three Months Ended
		March 31,
		2021			2020
	(In thousands)
CityCenter		$	(2,831	)	$	20,666
MGP BREIT Venture			38,962			19,950
BetMGM			(59,236	)		(10,677	)
Other			(2,474	)		5,809
		$	(25,579	)	$	35,748

MGP BREIT Venture distributions. For the three months ended March 31, 2021 and 2020, the Operating Partnership received $15 million and $12 million in distributions from MGP BREIT Venture, respectively.

BetMGM contributions. For the three months ended March 31, 2021 and 2020, the Company contributed $75 million and $20 million to BetMGM, respectively.