XML 35 R23.htm IDEA: XBRL DOCUMENT
v3.25.3

Note 3 - Goodwill and Intangible Assets, Net (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2025
Notes Tables |
Schedule of Intangible Assets and Goodwill [Table Text Block] |
|  | September 30, 2025 |
|  | Weighted |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Useful Life |  |  | Gross |  |  |  |  |  |  | Accumulated |  |  | Effect of Foreign |  |  |  |  |
|  | Remaining |  |  | Carrying |  |  | Accumulated |  |  | Impairment |  |  | Currency |  |  | Intangible |
(In thousands) |  | (in years) |  |  | Value |  |  | Amortization |  |  | Losses |  |  | Exchange |  |  | Assets, Net |
Amortizing intangibles |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer relationships |  |  | 3.9 |  |  | $ | 3,300 |  |  | $ | (715 | ) |  | $ | — |  |  | $ | — |  |  | $ | 2,585 |
Host agreements |  |  | 7.7 |  |  |  | 58,000 |  |  |  | (28,356 | ) |  |  | — |  |  |  | — |  |  |  | 29,644 |
Development agreement |  |  | 3.9 |  |  |  | 21,373 |  |  |  | (9,541 | ) |  |  | — |  |  |  | — |  |  |  | 11,832 |
Developed technology |  |  | 6.6 |  |  |  | 46,447 |  |  |  | (13,213 | ) |  |  | — |  |  |  | (166 | ) |  |  | 33,068 |
B2B relationships |  |  | 4.3 |  |  |  | 28,000 |  |  |  | (11,416 | ) |  |  | — |  |  |  | (33 | ) |  |  | 16,551 |
B2C relationships |  |  | 9.1 |  |  |  | 13,000 |  |  |  | (3,160 | ) |  |  | — |  |  |  | — |  |  |  | 9,840 |
Marketing agreement |  |  | 18.9 |  |  |  | 4,500 |  |  |  | (244 | ) |  |  | — |  |  |  | — |  |  |  | 4,256 |
|  |  |  |  |  |  | 174,620 |  |  |  | (66,645 | ) |  |  | — |  |  |  | (199 | ) |  |  | 107,776 |
Indefinite lived intangible assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trademarks |  | Indefinite |  |  |  | 199,900 |  |  |  | — |  |  |  | (32,275 | ) |  |  | — |  |  |  | 167,625 |
Gaming license rights |  | Indefinite |  |  |  | 1,393,081 |  |  |  | (33,960 | ) |  |  | (253,974 | ) |  |  | — |  |  |  | 1,105,147 |
|  |  |  |  |  |  | 1,592,981 |  |  |  | (33,960 | ) |  |  | (286,249 | ) |  |  | — |  |  |  | 1,272,772 |
Balances, September 30, 2025 |  |  |  |  |  | $ | 1,767,601 |  |  | $ | (100,605 | ) |  | $ | (286,249 | ) |  | $ | (199 | ) |  | $ | 1,380,548 |
|  | December 31, 2024 |
|  | Weighted |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Useful Life |  |  | Gross |  |  |  |  |  |  | Accumulated |  |  | Effect of Foreign |  |  |  |  |
|  | Remaining |  |  | Carrying |  |  | Accumulated |  |  | Impairment |  |  | Currency |  |  | Intangible |
(In thousands) |  | (in years) |  |  | Value |  |  | Amortization |  |  | Losses |  |  | Exchange |  |  | Assets, Net |
Amortizing intangibles |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer relationships |  |  | 2.1 |  |  | $ | 7,225 |  |  | $ | (4,145 | ) |  | $ | — |  |  | $ | — |  |  | $ | 3,080 |
Host agreements |  |  | 8.4 |  |  |  | 58,000 |  |  |  | (25,456 | ) |  |  | — |  |  |  | — |  |  |  | 32,544 |
Development agreement |  |  | 4.6 |  |  |  | 21,373 |  |  |  | (7,251 | ) |  |  | — |  |  |  | — |  |  |  | 14,122 |
Developed technology |  |  | 7.3 |  |  |  | 43,435 |  |  |  | (9,045 | ) |  |  | — |  |  |  | (418 | ) |  |  | 33,972 |
B2B relationships |  |  | 5.0 |  |  |  | 28,000 |  |  |  | (8,481 | ) |  |  | — |  |  |  | (80 | ) |  |  | 19,439 |
B2C relationships |  |  | 9.8 |  |  |  | 13,000 |  |  |  | (2,347 | ) |  |  | — |  |  |  | — |  |  |  | 10,653 |
Marketing agreement |  |  | 19.7 |  |  |  | 4,500 |  |  |  | (75 | ) |  |  | — |  |  |  | — |  |  |  | 4,425 |
|  |  |  |  |  |  | 175,533 |  |  |  | (56,800 | ) |  |  | — |  |  |  | (498 | ) |  |  | 118,235 |
Indefinite lived intangible assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trademarks |  | Indefinite |  |  |  | 199,900 |  |  |  | — |  |  |  | (32,275 | ) |  |  | — |  |  |  | 167,625 |
Gaming license rights |  | Indefinite |  |  |  | 1,393,081 |  |  |  | (33,960 | ) |  |  | (253,974 | ) |  |  | — |  |  |  | 1,105,147 |
|  |  |  |  |  |  | 1,592,981 |  |  |  | (33,960 | ) |  |  | (286,249 | ) |  |  | — |  |  |  | 1,272,772 |
Balances, December 31, 2024 |  |  |  |  |  | $ | 1,768,514 |  |  | $ | (90,760 | ) |  | $ | (286,249 | ) |  | $ | (498 | ) |  | $ | 1,391,007 |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] |
(In thousands) |  | Customer Relationships |  |  | Host Agreements |  |  | Development Agreement |  |  | Developed Technology |  |  | B2B Relationships |  |  | B2C Relationships |  |  | Marketing Agreement |  |  | Total |
For the year ending |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
December 31, |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2025 (excluding nine months ended September 30, 2025) |  | $ | 165 |  |  | $ | 967 |  |  | $ | 763 |  |  | $ | 1,928 |  |  | $ | 945 |  |  | $ | 270 |  |  | $ | 56 |  |  | $ | 5,094 |
2026 |  |  | 660 |  |  |  | 3,867 |  |  |  | 3,053 |  |  |  | 5,456 |  |  |  | 3,914 |  |  |  | 1,083 |  |  |  | 225 |  |  |  | 18,258 |
2027 |  |  | 660 |  |  |  | 3,867 |  |  |  | 3,053 |  |  |  | 5,380 |  |  |  | 3,914 |  |  |  | 1,083 |  |  |  | 225 |  |  |  | 18,182 |
2028 |  |  | 660 |  |  |  | 3,867 |  |  |  | 3,053 |  |  |  | 5,190 |  |  |  | 3,914 |  |  |  | 1,083 |  |  |  | 225 |  |  |  | 17,992 |
2029 |  |  | 440 |  |  |  | 3,867 |  |  |  | 1,910 |  |  |  | 4,485 |  |  |  | 3,296 |  |  |  | 1,083 |  |  |  | 225 |  |  |  | 15,306 |
Thereafter |  |  | — |  |  |  | 13,209 |  |  |  | — |  |  |  | 10,629 |  |  |  | 568 |  |  |  | 5,238 |  |  |  | 3,300 |  |  |  | 32,944 |
Total future amortization |  | $ | 2,585 |  |  | $ | 29,644 |  |  | $ | 11,832 |  |  | $ | 33,068 |  |  | $ | 16,551 |  |  | $ | 9,840 |  |  | $ | 4,256 |  |  | $ | 107,776 |
Schedule of Goodwill [Table Text Block] |
|  | September 30, 2025 |
|  |  |  |  |  |  |  |  |  |  |  |  |  | Effect of |  |  |  |  |
|  | Gross |  |  |  |  |  |  | Accumulated |  |  | Foreign |  |  |  |  |
|  | Carrying |  |  | Accumulated |  |  | Impairment |  |  | Currency |  |  | Goodwill, |
(In thousands) |  | Value |  |  | Amortization |  |  | Losses |  |  | Exchange |  |  | Net |
Goodwill, net by Segment |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Las Vegas Locals |  | $ | 593,567 |  |  | $ | — |  |  | $ | (188,079 | ) |  | $ | — |  |  | $ | 405,488 |
Downtown Las Vegas |  |  | 6,997 |  |  |  | (6,134 | ) |  |  | — |  |  |  | — |  |  |  | 863 |
Midwest & South |  |  | 636,269 |  |  |  | — |  |  |  | (107,470 | ) |  |  | — |  |  |  | 528,799 |
Online |  |  | 104,737 |  |  |  | — |  |  |  | (82,000 | ) |  |  | 61 |  |  |  | 22,798 |
Managed & Other |  |  | 30,529 |  |  |  | — |  |  |  | (30,529 | ) |  |  | — |  |  |  | — |
Balances, September 30, 2025 |  | $ | 1,372,099 |  |  | $ | (6,134 | ) |  | $ | (408,078 | ) |  | $ | 61 |  |  | $ | 957,948 |
|  | December 31, 2024 |
|  |  |  |  |  |  |  |  |  |  |  |  |  | Effect of |  |  |  |  |
|  | Gross |  |  |  |  |  |  | Accumulated |  |  | Foreign |  |  |  |  |
|  | Carrying |  |  | Accumulated |  |  | Impairment |  |  | Currency |  |  | Goodwill, |
(In thousands) |  | Value |  |  | Amortization |  |  | Losses |  |  | Exchange |  |  | Net |
Goodwill, net by Segment |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Las Vegas Locals |  | $ | 593,567 |  |  | $ | — |  |  | $ | (188,079 | ) |  | $ | — |  |  | $ | 405,488 |
Downtown Las Vegas |  |  | 6,997 |  |  |  | (6,134 | ) |  |  | — |  |  |  | — |  |  |  | 863 |
Midwest & South |  |  | 636,269 |  |  |  | — |  |  |  | (107,470 | ) |  |  | — |  |  |  | 528,799 |
Online |  |  | 104,737 |  |  |  | — |  |  |  | (82,000 | ) |  |  | 2 |  |  |  | 22,739 |
Managed & Other |  |  | 30,529 |  |  |  | — |  |  |  | (30,529 | ) |  |  | — |  |  |  | — |
Balances, December 31, 2024 |  | $ | 1,372,099 |  |  | $ | (6,134 | ) |  | $ | (408,078 | ) |  | $ | 2 |  |  | $ | 957,889 |

X
- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 24 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482548/350-20-55-24 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (h) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1A Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-2 + Details
Name: | us-gaap_ScheduleOfGoodwillTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of goodwill and intangible assets, which may be broken down by segment or major class. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
Name: | us-gaap_ScheduleOfIntangibleAssetsAndGoodwillTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Name Accounting Standards Codification -Section 55 -Paragraph 40 -SubTopic 30 -Topic 350 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482640/350-30-55-40 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-2 + Details
Name: | us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_TableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration