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Note 3 - Property and Equipment, Net
12 Months Ended
Dec. 31, 2024
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)

 

2024

  

2023

 

Land

 $338,469  $338,469 

Buildings and improvements

  3,398,700   3,237,863 

Furniture and equipment

  1,870,124   1,742,666 

Riverboats and barges

  211,879   241,826 

Construction in progress

  148,571   182,710 

Total property and equipment

  5,967,743   5,743,534 

Less accumulated depreciation

  (3,288,467)  (3,201,022)

Property and equipment, net

 $2,679,276  $2,542,512 

 

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, 20242023 and 2022 was $259.8 million, $240.0 million and $248.4 million, respectively.