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Note 3 - Property and Equipment, Net
12 Months Ended
Dec. 31, 2023
Notes to Financial Statements  
Property, Plant and Equipment Disclosure [Text Block]

NOTE 3.    PROPERTY AND EQUIPMENT, NET

Property and equipment, net consists of the following:

 

   

December 31,

 

(In thousands)

 

2023

   

2022

 

Land

  $ 338,469     $ 334,368  

Buildings and improvements

    3,237,863       3,172,676  

Furniture and equipment

    1,742,666       1,707,212  

Riverboats and barges

    241,826       241,898  

Construction in progress

    182,710       87,612  

Total property and equipment

    5,743,534       5,543,766  

Less accumulated depreciation

    (3,201,022 )     (3,149,530 )

Property and equipment, net

  $ 2,542,512     $ 2,394,236  

 

Construction in progress primarily relates to costs capitalized in conjunction with major improvements that have not yet been placed into service, and accordingly, such costs are not currently being depreciated.

 

Depreciation expense for the years ended December 31, 20232022 and 2021 was $240.0 million, $248.4 million and $255.2 million, respectively.