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Goodwill and Other Intangible Assets | 9 Months Ended
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Sep. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | GOODWILL AND OTHER INTANGIBLE ASSETS Goodwill and other intangible assets consisted of the following:
|  | September 30, 2021 |  | December 31, 2020
|  | (In thousands)
Goodwill |  | $ | 3,484,966 |  |  | $ | 2,091,278 |
Indefinite-lived intangible assets: |  |  |  |
Detroit development rights |  | $ | 98,098 |  |  | $ | 98,098 |
MGM Northfield Park and Empire City racing and gaming licenses |  | 280,000 |  |  | 280,000 |
Trademarks and other |  | 479,238 |  |  | 299,238 |
Total indefinite-lived intangible assets |  | 857,336 |  |  | 677,336 |
Finite-lived intangible assets: |  |  |  |
MGM Grand Paradise gaming subconcession |  | 4,522,623 |  |  | 4,541,990 |
Less: Accumulated amortization |  | (1,823,362) |  |  | (1,697,481) |
|  | 2,699,261 |  |  | 2,844,509 |
MGM National Harbor and MGM Springfield gaming licenses |  | 106,600 |  |  | 106,600 |
Less: Accumulated amortization |  | (24,432) |  |  | (19,102) |
|  | 82,168 |  |  | 87,498 |
Other finite-lived intangible assets |  | 65,207 |  |  | 60,649 |
Less: Accumulated amortization |  | (34,865) |  |  | (26,244) |
|  | 30,342 |  |  | 34,405 |
Total finite-lived intangible assets, net |  | 2,811,771 |  |  | 2,966,412 |
Total other intangible assets, net |  | $ | 3,669,107 |  |  | $ | 3,643,748 |
Goodwill. A summary of changes in the Company’s goodwill by reportable segment is as follows for the nine months ended September 30, 2021 and twelve months ended December 31, 2020:
|  | 2021
|  | Balance at January 1 |  | Acquisitions |  | Currency exchange |  | Balance at September 30
|  | (In thousands)
Goodwill, net by segment: |  |  |  |  |  |  |  |
Las Vegas Strip Resorts |  | $ | 30,452 |  |  | $ | 1,399,484 |  |  | $ | — |  |  | $ | 1,429,936 |
Regional Operations |  | 701,463 |  |  | — |  |  | — |  |  | 701,463 |
MGM China |  | 1,359,363 |  |  | — |  |  | (5,796) |  |  | 1,353,567 |
|  | $ | 2,091,278 |  |  | $ | 1,399,484 |  |  | $ | (5,796) |  |  | $ | 3,484,966 |
|  | 2020
|  | Balance at January 1 |  | Acquisitions |  | Currency exchange |  | Balance at December 31
|  | (In thousands)
Goodwill, net by segment: |  |  |  |  |  |  |  |
Las Vegas Strip Resorts |  | $ | 30,452 |  |  | $ | — |  |  | $ | — |  |  | $ | 30,452 |
Regional Operations |  | 701,463 |  |  | — |  |  | — |  |  | 701,463 |
MGM China |  | 1,352,649 |  |  | — |  |  | 6,714 |  |  | 1,359,363 |
|  | $ | 2,084,564 |  |  | $ | — |  |  | $ | 6,714 |  |  | $ | 2,091,278 |
Goodwill was recognized in 2021 related to the acquisition of the 50% ownership interest in CityCenter, which is included in Las Vegas Strip Resorts, as further discussed in Note 3. MGM Grand Paradise gaming subconcession. Pursuant to the agreement dated April 19, 2005 between MGM Grand Paradise and SJM Resorts S.A. (“SJMSA”, formerly Sociedade de Jogos de Macau, S.A.), a gaming subconcession was acquired by MGM Grand Paradise for the right to operate casino games of chance and other casino games for a period commencing on April 20, 2005 through March 31, 2020. In March 2019, MGM Grand Paradise and SJMSA entered into a Subconcession Extension Contract (the “Extension Agreement”), pursuant to which the gaming subconcession was extended to June 26, 2022, which coincides with the current expiration of all the other concessions and subconcessions. MGM Grand Paradise paid the government of Macau approximately $25 million and paid SJMSA approximately $2 million as a contract premium for such extension. The Company cannot provide any assurance that the gaming subconcession will be extended beyond the current term; however, management believes that the gaming subconcession will be extended or replaced with a similar governmental license. As such, as of September 30, 2021 and December 31, 2020, the Company amortizes the gaming subconcession intangible asset on a straight-line basis over the initial term of the Cotai land concession, ending in January 2038.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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