Intangible Assets

9 Months Ended

Sep. 30, 2017

Intangible Assets, Net (Excluding Goodwill) [Abstract]

INTANGIBLE ASSETS

Intangible assets consist of the following:



	September 30, 2017
	Weighted	Gross					Cumulative
	Average Life	Carrying		Cumulative			Impairment			Intangible
(In thousands)	Remaining	Value		Amortization			Losses			Assets, Net
Amortizing intangibles
Customer relationships	0.4 years	$	145,700	$	(136,158	)	$	—		$	9,542
Favorable lease rates	38.3 years	11,730		(3,017		)	—			8,713
Development agreement	—	21,373		—			—			21,373
		178,803		(139,175		)	—			39,628

Indefinite lived intangible assets
Trademarks	Indefinite	151,887		—			(4,300		)	147,587
Gaming license rights	Indefinite	873,335		(33,960		)	(179,974		)	659,401
		1,025,222		(33,960		)	(184,274		)	806,988
Balance, September 30, 2017		$	1,204,025	$	(173,135	)	$	(184,274	)	$	846,616



	December 31, 2016
	Weighted	Gross					Cumulative
	Average Life	Carrying		Cumulative			Impairment			Intangible
(In thousands)	Remaining	Value		Amortization			Losses			Assets, Net
Amortizing intangibles
Customer relationships	1.1 years	$	144,780	$	(125,318	)	$	—		$	19,462
Favorable lease rates	31.4 years	45,370		(13,039		)	—			32,331
Development agreement	—	21,373		—			—			21,373
		211,523		(138,357		)	—			73,166

Indefinite lived intangible assets
Trademarks	Indefinite	153,687		—			(4,300		)	149,387
Gaming license rights	Indefinite	873,335		(33,960		)	(179,974		)	659,401
		1,027,022		(33,960		)	(184,274		)	808,788
Balance, December 31, 2016		$	1,238,545	$	(172,317	)	$	(184,274	)	$	881,954

In March 2017, The Orleans Hotel and Casino exercised an option in its lease agreement to terminate the existing lease and purchase the land subject to the lease, therefore combining the remaining unamortized favorable lease rate asset into the cost of the land asset.