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Goodwill and Other Intangible Assets (Tables) | 12 Months Ended
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Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
Details of goodwill | A reconciliation of goodwill and accumulated goodwill impairment losses, by reportable segment, is as follows:
(in millions) | Northeast |  | South |  | West |  | Midwest |  | Interactive |  | Other |  | Total
Balance as of January 1, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill, gross | $ | 914.3 |  |  | $ | 236.6 |  |  | $ | 216.8 |  |  | $ | 1,116.7 |  |  | $ | 67.8 |  |  | $ | 88.3 |  |  | $ | 2,640.5 |
Accumulated goodwill impairment losses | (717.9) |  |  | (52.0) |  |  | (16.6) |  |  | (495.6) |  |  | — |  |  | (87.7) |  |  | (1,369.8) |
Goodwill, net | 196.4 |  |  | 184.6 |  |  | 200.2 |  |  | 621.1 |  |  | 67.8 |  |  | 0.6 |  |  | 1,270.7 |
Impairment losses during year | (43.5) |  |  | (9.0) |  |  | — |  |  | (60.5) |  |  | — |  |  | — |  |  | (113.0) |
Other(1) | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (0.6) |  |  | (0.6) |
Balance as of December 31, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill, gross | 914.3 |  |  | 236.6 |  |  | 216.8 |  |  | 1,116.7 |  |  | 67.8 |  |  | 87.7 |  |  | 2,639.9 |
Accumulated goodwill impairment losses | (761.4) |  |  | (61.0) |  |  | (16.6) |  |  | (556.1) |  |  | — |  |  | (87.7) |  |  | (1,482.8) |
Goodwill, net | 152.9 |  |  | 175.6 |  |  | 200.2 |  |  | 560.6 |  |  | 67.8 |  |  | — |  |  | 1,157.1 |
Goodwill acquired during year | 9.2 |  |  | — |  |  | — |  |  | — |  |  | 1,699.0 |  |  | — |  |  | 1,708.2 |
Effects of foreign currency exchange rates | — |  |  | — |  |  | — |  |  | — |  |  | (42.8) |  |  | — |  |  | (42.8) |
Balance as of December 31, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill, gross | 923.5 |  |  | 236.6 |  |  | 216.8 |  |  | 1,116.7 |  |  | 1,724.0 |  |  | 87.7 |  |  | 4,305.3 |
Accumulated goodwill impairment losses | (761.4) |  |  | (61.0) |  |  | (16.6) |  |  | (556.1) |  |  | — |  |  | (87.7) |  |  | (1,482.8) |
Goodwill, net | $ | 162.1 |  |  | $ | 175.6 |  |  | $ | 200.2 |  |  | $ | 560.6 |  |  | $ | 1,724.0 |  |  | $ | — |  |  | $ | 2,822.5 |
(1)Amounts relate to the write-off of goodwill related to the land sale at Sanford Orlando Kennel Club which discontinued our racing operations. The write-off of this goodwill balance is included as a component of the gain calculation recorded on the sale. As of October 1, 2021, the date of the most recent annual impairment test, seven reporting units had negative carrying amounts. The amount of goodwill at these reporting units was as follows (in millions):
Northeast segment |
Hollywood Casino Toledo | $ | 5.8 |
Plainridge Park Casino | $ | 6.3 |
South segment |
Ameristar Vicksburg | $ | 19.5 |
Boomtown New Orleans | $ | 5.2 |
Hollywood Casino Gulf Coast | $ | 2.7 |
West segment |
Cactus Petes and Horseshu | $ | 10.2 |
Midwest segment |
Ameristar Council Bluffs | $ | 36.2 |
Schedule of indefinite-lived intangible assets | The table below presents the gross carrying amount, accumulated amortization, and net carrying amount of each major class of other intangible assets:
| December 31, 2021 |  | December 31, 2020
(in millions) | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Indefinite-lived intangible assets |  |  |  |  |  |  |  |  |  |  |
Gaming licenses | $ | 1,285.4 |  |  | $ | — |  |  | $ | 1,285.4 |  |  | $ | 1,246.1 |  |  | $ | — |  |  | $ | 1,246.1 |
Trademarks | 338.2 |  |  | — |  |  | 338.2 |  |  | 240.9 |  |  | — |  |  | 240.9 |
Other | 0.7 |  |  | — |  |  | 0.7 |  |  | 0.7 |  |  | — |  |  | 0.7 |
Amortizing intangible assets |  |  |  |  |  |  |  |  |  |  |
Customer relationships | 114.9 |  |  | (91.4) |  |  | 23.5 |  |  | 106.9 |  |  | (85.2) |  |  | 21.7 |
Technology | 252.7 |  |  | (40.5) |  |  | 212.2 |  |  | 32.7 |  |  | (28.6) |  |  | 4.1 |
Other | 19.4 |  |  | (6.8) |  |  | 12.6 |  |  | 6.9 |  |  | (6.9) |  |  | — |
Total other intangible assets, net | $ | 2,011.3 |  |  | $ | (138.7) |  |  | $ | 1,872.6 |  |  | $ | 1,634.2 |  |  | $ | (120.7) |  |  | $ | 1,513.5 |
Schedule of finite-lived intangible assets | The table below presents the gross carrying amount, accumulated amortization, and net carrying amount of each major class of other intangible assets:
| December 31, 2021 |  | December 31, 2020
(in millions) | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Indefinite-lived intangible assets |  |  |  |  |  |  |  |  |  |  |
Gaming licenses | $ | 1,285.4 |  |  | $ | — |  |  | $ | 1,285.4 |  |  | $ | 1,246.1 |  |  | $ | — |  |  | $ | 1,246.1 |
Trademarks | 338.2 |  |  | — |  |  | 338.2 |  |  | 240.9 |  |  | — |  |  | 240.9 |
Other | 0.7 |  |  | — |  |  | 0.7 |  |  | 0.7 |  |  | — |  |  | 0.7 |
Amortizing intangible assets |  |  |  |  |  |  |  |  |  |  |
Customer relationships | 114.9 |  |  | (91.4) |  |  | 23.5 |  |  | 106.9 |  |  | (85.2) |  |  | 21.7 |
Technology | 252.7 |  |  | (40.5) |  |  | 212.2 |  |  | 32.7 |  |  | (28.6) |  |  | 4.1 |
Other | 19.4 |  |  | (6.8) |  |  | 12.6 |  |  | 6.9 |  |  | (6.9) |  |  | — |
Total other intangible assets, net | $ | 2,011.3 |  |  | $ | (138.7) |  |  | $ | 1,872.6 |  |  | $ | 1,634.2 |  |  | $ | (120.7) |  |  | $ | 1,513.5 |
Expected intangible asset amortization expense | The following table presents the estimated amortization expense based on our amortizing intangible assets as of December 31, 2021 (in millions):
Years ending December 31: |
2022 | $ | 57.0 |
2023 | 48.3 |
2024 | 45.6 |
2025 | 30.9 |
2026 | 24.3 |
Thereafter | 42.2 |
Total | $ | 248.3 |

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