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Goodwill and Intangible Assets | 9 Months Ended
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Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Goodwill and Intangible Assets The Company tests goodwill and indefinite-lived intangible assets for impairment during the fourth quarter of each year, and whenever events or circumstances indicate that it is more likely than not that the carrying value of a reporting unit exceeds its fair value. Finite-lived intangible assets are evaluated for potential impairment whenever there is an indicator that the carrying value of an asset group may not be recoverable. Based on the results of its interim impairment assessments conducted during the three and nine months ended September 30, 2024 and 2023, the Company concluded that there was no impairment of the Company’s goodwill and intangible assets. The following table summarizes goodwill balances by reportable segment:
(In thousands) |  | Nevada Casino Resorts |  | Nevada Locals Casinos |  | Nevada Taverns |  | Total Goodwill
Balance, December 31, 2023 |  | $ | 22,105 |  |  | $ | 38,187 |  |  | $ | 24,033 |  |  | $ | 84,325 |
Goodwill acquired (1) |  | — |  |  | — |  |  | 3,988 |  |  | 3,988 |
Balance, September 30, 2024 |  | $ | 22,105 |  |  | $ | 38,187 |  |  | $ | 28,021 |  |  | $ | 88,313 |
(1) Related to the acquisition of GAP taverns discussed in “Note 1 — Nature of Business and Basis of Presentation.” Intangible assets, net, consisted of the following:
| September 30, 2024
(In thousands) | Useful Life (Years) |  | Gross Carrying Value |  | Cumulative Amortization |  | Cumulative Impairment |  | Intangible Assets, Net
Indefinite-lived intangible assets |  |  |  |  |  |  |  |  |
Trade names | Indefinite |  | $ | 55,524 |  |  | $ | — |  |  | $ | (6,890) |  |  | $ | 48,634 |
|  |  | 55,524 |  |  | — |  |  | (6,890) |  |  | 48,634 |
Amortizing intangible assets |  |  |  |  |  |  |  |  |
Player relationships | 2-14 |  | 44,268 |  |  | (41,681) |  |  | — |  |  | 2,587 |
Non-compete agreements | 2-5 |  | 7,147 |  |  | (3,684) |  |  | — |  |  | 3,463 |
|  |  | 51,415 |  |  | (45,365) |  |  | — |  |  | 6,050 |
Balance, September 30, 2024 |  |  | $ | 106,939 |  |  | $ | (45,365) |  |  | $ | (6,890) |  |  | $ | 54,684 |
| December 31, 2023
(In thousands) | Useful Life (Years) |  | Gross Carrying Value |  | Cumulative Amortization |  | Cumulative Impairment |  | Intangible Assets, Net
Indefinite-lived intangible assets |  |  |  |  |  |  |  |  |
Trade names | Indefinite |  | $ | 54,790 |  |  | $ | — |  |  | $ | (6,890) |  |  | $ | 47,900 |
|  |  | 54,790 |  |  | — |  |  | (6,890) |  |  | 47,900 |
Amortizing intangible assets |  |  |  |  |  |  |  |  |
Player relationships | 2-14 |  | 43,916 |  |  | (41,050) |  |  | — |  |  | 2,866 |
Non-compete agreements | 2-5 |  | 5,747 |  |  | (2,578) |  |  | — |  |  | 3,169 |
|  |  | 49,663 |  |  | (43,628) |  |  | — |  |  | 6,035 |
Balance, December 31, 2023 |  |  | $ | 104,453 |  |  | $ | (43,628) |  |  | $ | (6,890) |  |  | $ | 53,935 |
Total amortization expense related to intangible assets was $0.6 million and $1.8 million for the three and nine months ended September 30, 2024, respectively, and $0.3 million and $2.0 million for the three and nine months ended September 30, 2023, respectively.

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- Definition The entire disclosure for goodwill and intangible assets. + 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
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