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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income (loss) $ 162 $ (1,211) $ (370)
Adjustments to reconcile net income (loss) to net cash from operating activities:      
Depreciation and amortization 1,097 1,285 1,075
Impairment loss 0 725 0
Change in fair value of derivatives 2 (7) (152)
Non-cash interest expense (income), net 19 (12) 7
Non-cash operating lease expense 142 117 96
Unrealized foreign currency exchange (gain) loss, net (15) (225) 196
Loss on disposals 7 5 0
Share-based compensation – equity classified 196 180 132
Share-based compensation – liability classified 6 10 49
Other expense (income), net 428 163 (89)
Deferred tax (benefit) (348) (132) (145)
Loss on extinguishment of long-term debt 7 6 65
Change in contingent consideration (3) (2) (6)
Change in operating assets and liabilities:      
Player deposits 33 (1) (72)
Accounts receivable (11) 23 (12)
Prepaid expenses and other current assets (73) 146 (97)
Accounts payable (7) (4) (24)
Other current liabilities (104) 366 207
Player deposit liability 212 (382) 376
Operating leases liabilities (148) (113) (73)
Net cash provided by operating activities 1,602 937 1,163
CASH FLOWS FROM INVESTING ACTIVITIES      
Purchases of property and equipment (144) (159) (122)
Purchases of intangible assets (136) (175) (100)
Capitalized software (381) (268) (207)
Acquisitions, net of cash acquired (160) 0 (2,095)
Proceeds from disposal of property and equipment 0 0 7
Cash settlement of derivatives designated in net investment hedge 10 0 0
Net cash (used in) investing activities (811) (602) (2,517)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from issue of ordinary share upon exercise of options 30 13 9
Proceeds from issuance of long-term debt (net of transaction costs) 1,684 2,018 4,692
Repayment of long-term debt (1,948) (1,837) (2,646)
Acquisition of non-controlling interests 0 (95) (251)
Distributions to non-controlling interests (16) 0 (7)
Payment of contingent consideration 0 0 (11)
Repurchase of ordinary shares and taxes withheld and paid on employee share awards (219) (212) (3)
Net cash (used in) provided by financing activities (469) (113) 1,783
NET INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 322 222 429
CASH, CASH EQUIVALENTS AND RESTRICTED CASH — Beginning of year 3,271 2,990 2,681
Effect of foreign exchange on cash, cash equivalents and restricted cash (84) 59 (120)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH — End of year 3,509 3,271 2,990
CASH, CASH EQUIVALENTS AND RESTRICTED CASH comprise of:      
Cash and cash equivalents 1,531 1,497 966
Cash and cash equivalents—restricted 48 22 16
Player deposits – cash and cash equivalents 1,930 1,752 2,008
CASH, CASH EQUIVALENTS AND RESTRICTED CASH End of year 3,509 3,271 2,990
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:      
Interest paid 462 408 222
Income tax paid (net of refunds) 255 255 199
Operating cash flows from operating leases 174 133 92
NON-CASH INVESTING AND FINANCING ACTIVITIES:      
Purchase of property and equipment with accrued expense 15 0 21
Right-of-use assets obtained in exchange of operating lease liabilities 155 73 148
Adjustments to lease balances as a result of remeasurement 47 22 18
Business acquisitions (including deferred consideration) 2 0 0
Proceeds from issuance as part of debt restructuring 0 5,267 0
Principal amount of extinguishment as part of debt restructuring $ 0 $ 4,622 $ 0