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Goodwill and Intangible Assets, Net
6 Months Ended
Jun. 30, 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 and six months ended June 30, 2025 and 2024, 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 ResortsNevada Locals CasinosNevada TavernsTotal Goodwill
Balance, December 31, 2024$22,105 $36,414 $28,021 $86,540 
Balance, June 30, 2025$22,105 $36,414 $28,021 $86,540 
Intangible assets, net, consisted of the following:
June 30, 2025
(In thousands)Useful Life (Years)Gross Carrying ValueCumulative AmortizationCumulative ImpairmentIntangible Assets, Net
Indefinite-lived intangible assets
Trade namesIndefinite$55,524 $— $(7,516)$48,008 
Total indefinite-lived intangible assets55,524 — (7,516)48,008 
Amortizing intangible assets
Player relationships
2-14
44,268 (42,352)— 1,916 
Non-compete agreements
2-5
7,147 (5,024)— 2,123 
Total amortizing intangible assets51,415 (47,376)— 4,039 
Balance, June 30, 2025$106,939 $(47,376)$(7,516)$52,047 
December 31, 2024
(In thousands)Useful Life (Years)Gross Carrying ValueCumulative AmortizationCumulative ImpairmentIntangible Assets, Net
Indefinite-lived intangible assets
Trade namesIndefinite$55,524 $— $(7,516)$48,008 
Total indefinite-lived intangible assets55,524 — (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 assets51,415 (46,036)— 5,379 
Balance, December 31, 2024$106,939 $(46,036)$(7,516)$53,387 
Total amortization expense related to intangible assets was $0.6 million and $1.3 million for the three and six months ended June 30, 2025, respectively, and $0.6 million and $1.0 million for the three and six months ended June 30, 2024, respectively.