| Intangible Assets |
INTANGIBLE ASSETS
Intangible assets consist of the following: | | | | | | | | | | | | | | | | | | | | March 31, 2013 | | Weighted | | Gross | | | | Cumulative | | | | Average Life | | Carrying | | Cumulative | | Impairment | | Intangible | | Remaining | | Value | | Amortization | | Losses | | Assets, Net | | | | (In thousands) | Amortizing intangibles: | | | | | | | | | | Customer relationships | 4.3 years | | $ | 154,000 |
| | $ | (34,461 | ) | | $ | — |
| | $ | 119,539 |
| Non-competition agreement | 0.7 years | | 3,200 |
| | (1,155 | ) | | — |
| | 2,045 |
| Favorable lease rates | 35.2 years | | 45,370 |
| | (9,129 | ) | | — |
| | 36,241 |
| Development agreement | — | | 21,373 |
| | — |
| | — |
| | 21,373 |
| | | | 223,943 |
| | (44,745 | ) | | — |
| | 179,198 |
| | | | | | | | | | | Indefinite lived intangible assets: | | | | | | | | | | Trademarks | Indefinite | | 191,800 |
| | — |
| | (5,000 | ) | | 186,800 |
| Gaming license rights | Indefinite | | 955,246 |
| | (33,960 | ) | | (180,000 | ) | | 741,286 |
| | | | 1,147,046 |
| | (33,960 | ) | | (185,000 | ) | | 928,086 |
| Balance, March 31, 2013 | | | $ | 1,370,989 |
| | $ | (78,705 | ) | | $ | (185,000 | ) | | $ | 1,107,284 |
|
| | | | | | | | | | | | | | | | | | | | December 31, 2012 | | Weighted | | Gross | | | | Cumulative | | | | Average Life | | Carrying | | Cumulative | | Impairment | | Intangible | | Remaining | | Value | | Amortization | | Losses | | Assets, Net | | | | (In thousands) | Amortizing intangibles: | | | | | | | | | | Customer relationships | 4.5 years | | $ | 154,000 |
| | $ | (23,059 | ) | | $ | — |
| | $ | 130,941 |
| Non-competition agreement | 0.9 years | | 3,200 |
| | (354 | ) | | — |
| | 2,846 |
| Favorable lease rates | 35.4 years | | 45,370 |
| | (8,867 | ) | | — |
| | 36,503 |
| Development agreement | — | | 21,373 |
| | — |
| | — |
| | 21,373 |
| | | | 223,943 |
| | (32,280 | ) | | — |
| | 191,663 |
| | | | | | | | | | | Indefinite lived intangible assets: | | | | | | | | | | Trademarks | Indefinite | | 191,800 |
| | — |
| | (5,000 | ) | | 186,800 |
| Gaming license rights | Indefinite | | 955,135 |
| | (33,960 | ) | | (180,000 | ) | | 741,175 |
| | | | 1,146,935 |
| | (33,960 | ) | | (185,000 | ) | | 927,975 |
| Balance, December 31, 2012 | | | $ | 1,370,878 |
| | $ | (66,240 | ) | | $ | (185,000 | ) | | $ | 1,119,638 |
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