XML 23 R10.htm IDEA: XBRL DOCUMENT
v3.25.1

Goodwill and Intangible Assets, Net | 3 Months Ended
--- | ---
Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets, Net | Goodwill and Intangible Assets, Net The Company tests goodwill and indefinite-lived intangible assets for impairment annually 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 months ended March 31, 2025 and 2024, respectively, 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, 2024 |  | $ | 22,105 |  |  | $ | 36,414 |  |  | $ | 28,021 |  |  | $ | 86,540 |
Balance, March 31, 2025 |  | $ | 22,105 |  |  | $ | 36,414 |  |  | $ | 28,021 |  |  | $ | 86,540 |
Intangible assets, net, consisted of the following:
| March 31, 2025
(In thousands) | Useful Life (Years) |  | Gross Carrying Value |  | Cumulative Amortization |  | Cumulative Impairment |  | Intangible Assets, Net
Indefinite-lived intangible assets |  |  |  |  |  |  |  |  |
Trade names | Indefinite |  | $ | 55,524 |  |  | $ | — |  |  | $ | (7,516) |  |  | $ | 48,008 |
Total indefinite-lived intangible assets |  |  | 55,524 |  |  | — |  |  | (7,516) |  |  | 48,008 |
Amortizing intangible assets |  |  |  |  |  |  |  |  |
Player relationships | 2-14 |  | 44,268 |  |  | (42,128) |  |  | — |  |  | 2,140 |
Non-compete agreements | 2-5 |  | 7,147 |  |  | (4,578) |  |  | — |  |  | 2,569 |
Total amortizing intangible assets |  |  | 51,415 |  |  | (46,706) |  |  | — |  |  | 4,709 |
Balance, March 31, 2025 |  |  | $ | 106,939 |  |  | $ | (46,706) |  |  | $ | (7,516) |  |  | $ | 52,717 |
| December 31, 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 |  |  | $ | — |  |  | $ | (7,516) |  |  | $ | 48,008 |
Total indefinite-lived intangible assets |  |  | 55,524 |  |  | — |  |  | (7,516) |  |  | 48,008 |
Amortizing intangible assets |  |  |  |  |  |  |  |  |
Player relationships | 2-14 |  | 44,268 |  |  | (41,905) |  |  | — |  |  | 2,363 |
Non-compete agreements | 2-5 |  | 7,147 |  |  | (4,131) |  |  | — |  |  | 3,016 |
Total amortizing intangible assets |  |  | 51,415 |  |  | (46,036) |  |  | — |  |  | 5,379 |
Balance, December 31, 2024 |  |  | $ | 106,939 |  |  | $ | (46,036) |  |  | $ | (7,516) |  |  | $ | 53,387 |
Total amortization expense related to intangible assets was $0.7 million and $0.5 million for the three months ended March 31, 2025 and 2024, respectively.

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration