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Note 4 - Intangible Assets, Net
6 Months Ended
Jun. 30, 2019
Notes to Financial Statements  
Intangible Assets Disclosure [Text Block]

 

NOTE 4.    INTANGIBLE ASSETS, NET

Intangible assets, net consist of the following:

 

   

June 30, 2019

 
   

Weighted

   

Gross

           

Cumulative

         
   

Average Life

   

Carrying

   

Cumulative

   

Impairment

   

Intangible

 

(In thousands)

 

Remaining (in years)

   

Value

   

Amortization

   

Losses

   

Assets, Net

 

Amortizing intangibles

                                       
Customer relationships     3.8     $ 66,700     $ (26,997 )   $     $ 39,703  
Favorable lease rates     36.5       11,730       (3,415 )           8,315  
Development agreement           21,373                   21,373  
Host agreements     13.9       58,000       (4,189 )           53,811  
              157,803       (34,601 )           123,202  
                                         

Indefinite lived intangible assets

                                       
Trademarks     Indefinite        207,387             (4,300 )     203,087  
Gaming license rights     Indefinite        1,321,685       (33,960 )     (179,974 )     1,107,751  
              1,529,072       (33,960 )     (184,274 )     1,310,838  

Balances, June 30, 2019

          $ 1,686,875     $ (68,561 )   $ (184,274 )   $ 1,434,040  

 

 

   

December 31, 2018

 
   

Weighted

   

Gross

           

Cumulative

         
   

Average Life

   

Carrying

   

Cumulative

   

Impairment

   

Intangible

 

(In thousands)

 

Remaining (in years)

   

Value

   

Amortization

   

Losses

   

Assets, Net

 

Amortizing intangibles

                                       

Customer relationships

    7.3     $ 65,400     $ (15,113 )   $     $ 50,287  

Favorable lease rates

    37.0       11,730       (3,302 )           8,428  

Development agreement

          21,373                   21,373  

Host agreements

    14.4       58,000       (2,256 )           55,744  
              156,503       (20,671 )           135,832  
                                         

Indefinite lived intangible assets

                                       

Trademarks

     Indefinite       207,387             (4,300 )     203,087  

Gaming license rights

     Indefinite       1,341,685       (33,960 )     (179,974 )     1,127,751  
              1,549,072       (33,960 )     (184,274 )     1,330,838  

Balances, December 31, 2018

          $ 1,705,575     $ (54,631 )   $ (184,274 )   $ 1,466,670  

 

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