Acquisitions (Tables)

12 Months Ended

Dec. 31, 2020

Schedule of Acquisition Purchase Price Allocation

The following table summarizes the allocation of the purchase price for the Laughlin Acquisition, based on estimates of the fair values of the assets acquired and liabilities assumed:


(In thousands)	Preliminary Allocation as of March 31, 2019		Adjustments		Final Purchase Price Allocation
Current assets	$	12,615	$	(123)	$	12,492
Property and equipment	126,198		(1,131)		125,067
Right-of-use assets	2,620		—		2,620
Intangible assets	19,234		(324)		18,910
Goodwill	24,736		1,455		26,191
Other noncurrent assets	—		123		123
Liabilities	(10,023)		—		(10,023)
Lease liabilities	(2,620)		—		(2,620)
Total assets acquired, net of liabilities assumed	$	172,760	$	—	$	172,760

Summary of Values of Property and Equipment Acquired and Estimated Useful Lives by Category

The following table summarizes the values assigned to acquired property and equipment in the Laughlin Acquisition and estimated useful lives by category:


(In thousands)	Useful Life (Years)	Amount
Land	Not applicable	$	4,160
Building and site improvements	10-30	102,450
Furniture and equipment	2-13	18,290
Construction in process	Not applicable	167
Total property and equipment		$	125,067

Summary of Values of Intangible Assets Acquired and Estimated Useful Lives by Category

The following table summarizes the values assigned to acquired intangible assets in the Laughlin Acquisition and estimated useful lives by category:


(In thousands)	Useful Life (Years)	Amount
Non-compete agreements	5	$	3,630
Trade names	Indefinite	6,980
Player loyalty program	2	8,300
Total intangible assets		$	18,910

Summary of Components of Purchase Price Paid to Seller in Acquisition

The following table summarizes the components of the purchase price paid by the Company to Marnell in the Laughlin Acquisition (after taking into account the adjustment to the cash portion of the purchase price pursuant to the post-closing adjustment provisions of the purchase agreement, as described above):


(In thousands)	Amount
Cash	$	156,152
Fair value of common stock issued (911,002 shares)	16,608
Total purchase price	$	172,760