The Company acquired various operating and capital leases through the American Acquisition in October 2017. See Note 4, Acquisitions, for a description of the American Acquisition.

For the year ended December 31, 2018, the Company recorded rental revenue of $7.5 million.

The future minimum lease payments to be received by the Company under non-cancelable operating leases are as follows:

(In thousands)
For the year ending December 31,
2019	$	4,558
2020		3,208
2021		2,452
2022		1,607
2023		938
Thereafter		—
Total	$	12,763

The above minimum rental income does not include contingent rental income or common area maintenance cost reimbursement contained within certain retail operating leases.

The Company entered into a ground lease with the Maryland Department of Natural Resources for approximately 270 acres in the Rocky Gap State Park in which Rocky Gap is situated. The lease expires in 2052, with an option to renew for an additional 20 years.

Under the lease, rent payments are due and payable annually in the amount of $0.3 million plus 0.9% of any gross operator share of gaming revenue (as defined in the lease) in excess of $0.3 million, and $0.2 million plus any surcharge revenue in excess of $0.2 million. Surcharge revenue consists of amounts billed to and collected from guests and are $3.00 per room per night and $1.00 per round of golf. Rent expense associated with the lease was $0.3 million (net of surcharge revenue of $0.1 million) during each of the years ended December 31, 2018, 2017 and 2016.

The Company’s Gold Town Casino is located on four leased parcels of land, comprising approximately nine acres in the aggregate, in Pahrump, Nevada. The leases are with unrelated third parties and have various expiration dates beginning in 2026 (for the parcel on which the Company’s main casino building is located, which the Company leases from a competitor). Rent expense associated with these leases was $0.7 million, $0.5 million, $0.6 million, respectively, during each of the years ended December 31, 2018, 2017 and 2016. The Company subleases approximately two of the acres to an unrelated third party. Rental income during the year ended December 31, 2018 was $0.2 million and rental income during each of the years ended December 31, 2017 and 2016 was less than $0.1 million related to the sublease of the two acres in Pahrump, Nevada.

In June 2018, the Company entered into a capital lease financing arrangement for external and internal lighting and renovations at The Strat. Construction was completed and assets put into service in the fourth quarter of 2018. The total amount to be paid is $3.4 million, of which $2.1 million is financed over a 36-month period and outstanding as of December 31, 2018.

The Company leases its branded tavern locations, office headquarters building, equipment and vehicles under noncancelable operating leases that are not subject to contingent rents. The original terms of the current leases for the Company’s branded tavern locations range from one to 15 years with various renewal options from one to 15 years. The Company has operating leases with related parties for one of its tavern locations and its office headquarters building. The lease for the Company’s office headquarters building expires in December 2030. A portion of the office headquarters building is sublet to a related party. Rental income during each of the years ended December 31, 2018, 2017 and 2016 was less than $0.1 million for the sublet portion of the office headquarters building. See Note 15, Related Party Transactions, for more detail. Slot placement contracts in the form of space agreements are also accounted for as operating leases. Under space agreements, the Company pays fixed monthly rental fees for the right to install, maintain and operate its slots at business locations, which are recorded in gaming expenses.

Operating lease rental expense, which is calculated on a straight-line basis, net of surcharge revenue, is as follows:

	Year Ended December 31,
(In thousands)	2018		2017		2016
Space agreements	$	39,035	$	37,061	$	40,848
Related party leases		1,559		2,035		2,429
Other operating leases		15,080		13,447		11,784
Total rent expense	$	55,674	$	52,543	$	55,061

	For the year ending December 31,
(In thousands)	2019		2020		2021		2022		2023		Thereafter		Total
Space agreements	$	39,200	$	11,025	$	7,436	$	5,000	$	2,047	$	86	$	64,794
Related party leases		1,535		1,621		1,714		1,815		1,930		16,098		24,713
Other operating leases		15,124		14,807		13,891		12,767		12,138		87,252		155,979
Total minimum operating lease payments	$	55,859	$	27,453	$	23,041	$	19,582	$	16,115	$	103,436	$	245,486

The current and long-term obligations under capital leases are included in “Current portion of long-term debt” and “Long-term debt, net,” respectively. The majority of the capital leases related to vehicles with minimum lease payment terms of four years or less.

	For the year ending December 31,
(In thousands)	2019			2020			2021			2022			2023			Thereafter			Total
Furniture and equipment	$	1,667		$	1,873		$	1,255		$	143		$	88		$	6,222		$	11,247
Building		150			150			150			163			165			1,423			2,201
Less: Amounts representing interest		(272	)		(202	)		(154	)		(130	)		(124	)		(5,439	)		(6,321	)
Total obligations under capital leases	$	1,545		$	1,821		$	1,251		$	176		$	129		$	2,206		$	7,127