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GOODWILL AND INTANGIBLE ASSETS
12 Months Ended
Dec. 31, 2023
GOODWILL AND INTANGIBLE ASSETS  
GOODWILL AND INTANGIBLE ASSETS

NOTE 3. GOODWILL AND INTANGIBLE ASSETS

Goodwill was $25.1 million at December 31, 2023 and 2022. The Company’s goodwill is related to the acquisition of the Black Hawk property in 2012.

The Company’s finite-lived intangible assets at December 31, 2023 consist of assets related to a cloud computing arrangement related to a hotel management system that is being amortized over 5 years.

Estimated amortization expenses for the years ending December 31, 2024 and 2025 are as follows (in thousands):

Year

    

Expense

 

2024

 

$

163

2025

136

Total

 

$

299

In 2023. 2022 and 2021, we recognized amortization expense of $0.2 million, $0.1 million and $0.5 million, respectively. All finite-lived intangible assets related to the acquisition of the Black Hawk property were fully amortized in 2021.

The Company periodically evaluates the remaining useful lives of its finite-lived intangible assets to determine whether events and circumstances warrant a revision to the remaining period of amortization.