Quarterly report [Sections 13 or 15(d)]

COMMITMENTS AND CONTINGENCIES (Tables)

v3.25.2
COMMITMENTS AND CONTINGENCIES (Tables)
6 Months Ended
Jun. 30, 2025
COMMITMENTS AND CONTINGENCIES.  
Schedule of the estimated present value of the long-term obligation for the Company's gaming license in Illinois

(In thousands)

June 30, 

December 31, 

    

2025

    

2024

Estimated IGB Reconciliation Fee(1)

$

50,717

$

46,039

Less: Amount representing interest(2)

(8,498)

(11,173)

Present value of IGB Reconciliation Fee(3)

$

42,219

$

34,866

__________

(1) Calculated based upon gaming revenues generated during the trailing 12-months of the corresponding dates. This one-time fee will be paid in six annual installments that are expected to begin in February 2026.
(2) The effective interest rate of the Revolving Credit Facility (see Note 6) is used to impute interest on this long-term obligation and its corresponding increase to the Illinois gaming license valuation, which approximates their fair values.
(3) The current and noncurrent balances are located respectively within “Other accrued liabilities” and “Other long-term liabilities, net of current portion” on the consolidated balance sheets.