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Intangible Assets, net (Tables)
12 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Indefinite-Lived Intangible Assets ntangible assets, net consisted of the following (in thousands):
 December 31,
20252024
Finite-lived intangible assets:
     Macau gaming concession$210,105 $210,630 
     Less: accumulated amortization(63,031)(42,126)
147,074 168,504 
     Massachusetts gaming license117,700 117,700 
     Less: accumulated amortization(51,178)(43,331)
66,522 74,369 
     Other finite-lived intangible assets5,400 5,400 
     Less: accumulated amortization(3,151)(2,071)
2,249 3,329 
     Total finite-lived intangible assets215,845 246,202 
Indefinite-lived intangible assets:
Water rights and other8,397 8,397 
     Total indefinite-lived intangible assets8,397 8,397 
Total intangible assets, net
$224,242 $254,599 
Finite-Lived Intangible Assets ntangible assets, net consisted of the following (in thousands):
 December 31,
20252024
Finite-lived intangible assets:
     Macau gaming concession$210,105 $210,630 
     Less: accumulated amortization(63,031)(42,126)
147,074 168,504 
     Massachusetts gaming license117,700 117,700 
     Less: accumulated amortization(51,178)(43,331)
66,522 74,369 
     Other finite-lived intangible assets5,400 5,400 
     Less: accumulated amortization(3,151)(2,071)
2,249 3,329 
     Total finite-lived intangible assets215,845 246,202 
Indefinite-lived intangible assets:
Water rights and other8,397 8,397 
     Total indefinite-lived intangible assets8,397 8,397 
Total intangible assets, net
$224,242 $254,599