v3.24.3
Receivables, net
9 Months Ended
Sep. 30, 2024
Receivables [Abstract]  
Receivables, net Receivables, net
Accounts Receivable and Credit Risk

Receivables, net consisted of the following (in thousands):
September 30, 2024December 31, 2023
Casino$225,754 $218,694 
Hotel46,852 54,596 
Other155,438 108,497 
428,044 381,787 
Less: allowance for credit losses(39,186)(40,075)
$388,858 $341,712 

As of September 30, 2024 and December 31, 2023, approximately 72.4% and 68.2%, respectively, of the Company's markers were due from customers residing outside the United States, primarily in Asia. Business or economic conditions or other significant events in the countries in which the Company's customers reside could affect the collectability of such receivables.

The Company’s allowance for casino credit losses was 15.9% of gross casino receivables as of September 30, 2024 and December 31, 2023. Although the Company believes that its allowance is adequate, it is possible the estimated amounts of cash collections with respect to receivables could change. The Company’s allowance for credit losses from its hotel and other receivables is not material.
The following table shows the movement in the Company's allowance for credit losses recognized for receivables that occurred during the periods presented (in thousands): 

September 30,
20242023
Balance at beginning of year$40,075 $78,842 
   Provision for credit losses4,352 (6,314)
   Write-offs(10,013)(23,262)
   Recoveries of receivables previously written off4,693 10,521 
   Effect of exchange rate79 (169)
Balance at end of period$39,186 $59,618