The Company had goodwill of $114.4 million as of March 31, 2026 and December 31, 2025, of which $34.2 million was deductible for tax purposes as of March 31, 2026. Goodwill is tested for impairment annually or when triggering events occur. There were no indicators of impairment of goodwill as of March 31, 2026.

Other intangible assets, net consist of definite-lived trade names, customer relationships, software applications and indefinite-lived operating licenses. Other intangible assets are amortized over their estimated 7 to 20-year useful lives.

Other intangible assets consist of the following as of March 31, 2026 and December 31, 2025 (in thousands):


		March 31, 2026						December 31, 2025
	Amortization Period	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount

Customer Relationships	7 years	$	6,800	$	(4,308)	$	2,492	$	6,800	$	(4,112)	$	2,688
Software Applications	8 years	7,800		(3,738)		4,062		7,800		(3,494)		4,306
Trade Names	20 years	11,700		(2,006)		9,694		11,700		(1,859)		9,841
Operating Licenses	Indefinite	44,199		N/A		44,199		44,199		N/A		44,199
		$	70,499	$	(10,052)	$	60,447	$	70,499	$	(9,465)	$	61,034

Amortization expense of other intangible assets was $0.6 million for both the three months ended March 31, 2026, and 2025, respectively.

In May 2025, a one-time payment of $9.5 million was required to open the casino at Fairmount. This payment, which represents a one-time gaming license fee to register the gaming positions in the casino, was recorded as an indefinite-lived operating license.

Indefinite-lived intangibles are tested for impairment annually or when triggering events occur. There were no indicators of impairment of indefinite-lived intangibles as of March 31, 2026.