v3.26.3
Note 3 - Goodwill and Intangible Assets, Net (Tables)
 9 Months Ended
Sep. 30, 2026
Notes Tables  
Intangible Asset and Goodwill [Table Text Block]

 

 

September 30, 2026

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Effect of

 

 

 

 

 

 

 

Useful Life

 

 

Gross

 

 

 

 

 

 

Accumulated

 

 

Foreign

 

 

 

 

 

 

 

Remaining

 

 

Carrying

 

 

Accumulated

 

 

Impairment

 

 

Currency

 

 

Intangible

 

(In thousands)

 

(in years)

 

 

Value

 

 

Amortization

 

 

Losses

 

 

Exchange

 

 

Assets, Net

 

Amortizing intangibles

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

 

2.9

 

 

$

3,300

 

 

$

(1,375

)

 

$

—

 

 

$

—

 

 

$

1,925

 

Host agreements

 

 

6.7

 

 

 

58,000

 

 

 

(32,222

)

 

 

—

 

 

 

—

 

 

 

25,778

 

Development agreement

 

 

2.9

 

 

 

21,373

 

 

 

(12,594

)

 

 

—

 

 

 

—

 

 

 

8,779

 

Developed technology

 

 

5.6

 

 

 

59,875

 

 

 

(18,895

)

 

 

—

 

 

 

(349

)

 

 

40,631

 

B2B relationships

 

 

4.0

 

 

 

40,200

 

 

 

(16,348

)

 

 

—

 

 

 

(57

)

 

 

23,795

 

B2C relationships

 

 

8.1

 

 

 

13,000

 

 

 

(4,243

)

 

 

—

 

 

 

—

 

 

 

8,757

 

Marketing agreement

 

 

17.9

 

 

 

4,500

 

 

 

(469

)

 

 

—

 

 

 

—

 

 

 

4,031

 

 

 

 

 

 

 

 

200,248

 

 

 

(86,146

)

 

 

—

 

 

 

(406

)

 

 

113,696

 

Indefinite lived intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trademarks

 

Indefinite

 

 

 

199,900

 

 

 

—

 

 

 

(32,275

)

 

 

—

 

 

 

167,625

 

Gaming license rights

 

Indefinite

 

 

 

1,462,685

 

 

 

(33,960

)

 

 

(224,824

)

 

 

—

 

 

 

1,203,901

 

 

 

 

 

 

 

 

1,662,585

 

 

 

(33,960

)

 

 

(257,099

)

 

 

—

 

 

 

1,371,526

 

Balances, September 30, 2026

 

 

 

 

 

$

1,862,833

 

 

$

(120,106

)

 

$

(257,099

)

 

$

(406

)

 

$

1,485,222

 

 

 

December 31, 2025

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Effect of

 

 

 

 

 

 

 

Useful Life

 

 

Gross

 

 

 

 

 

 

Accumulated

 

 

Foreign

 

 

 

 

 

 

 

Remaining

 

 

Carrying

 

 

Accumulated

 

 

Impairment

 

 

Currency

 

 

Intangible

 

(In thousands)

 

(in years)

 

 

Value

 

 

Amortization

 

 

Losses

 

 

Exchange

 

 

Assets, Net

 

Amortizing intangibles

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

 

3.7

 

 

$

3,300

 

 

$

(880

)

 

$

—

 

 

$

—

 

 

$

2,420

 

Host agreements

 

 

7.4

 

 

 

58,000

 

 

 

(29,323

)

 

 

—

 

 

 

—

 

 

 

28,677

 

Development agreement

 

 

3.6

 

 

 

21,373

 

 

 

(10,304

)

 

 

—

 

 

 

—

 

 

 

11,069

 

Developed technology

 

 

6.4

 

 

 

47,361

 

 

 

(15,351

)

 

 

—

 

 

 

(80

)

 

 

31,930

 

B2B relationships

 

 

4.0

 

 

 

28,000

 

 

 

(12,395

)

 

 

—

 

 

 

(6

)

 

 

15,599

 

B2C relationships

 

 

8.8

 

 

 

13,000

 

 

 

(3,430

)

 

 

—

 

 

 

—

 

 

 

9,570

 

Marketing agreement

 

 

18.7

 

 

 

4,500

 

 

 

(300

)

 

 

—

 

 

 

—

 

 

 

4,200

 

 

 

 

 

 

 

 

175,534

 

 

 

(71,983

)

 

 

—

 

 

 

(86

)

 

 

103,465

 

Indefinite lived intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trademarks

 

Indefinite

 

 

 

199,900

 

 

 

—

 

 

 

(32,275

)

 

 

—

 

 

 

167,625

 

Gaming license rights

 

Indefinite

 

 

 

1,491,835

 

 

 

(33,960

)

 

 

(253,974

)

 

 

—

 

 

 

1,203,901

 

 

 

 

 

 

 

 

1,691,735

 

 

 

(33,960

)

 

 

(286,249

)

 

 

—

 

 

 

1,371,526

 

Balances, December 31, 2025

 

 

 

 

 

$

1,867,269

 

 

$

(105,943

)

 

$

(286,249

)

 

$

(86

)

 

$

1,474,991

 
Intangible Asset, Finite-Lived, and Capitalized Cost, Software to be Sold, Leased, or Marketed, Estimated Amortization Expense [Table Text Block]

(In thousands)

 

Customer Relationships

 

 

Host Agreements

 

 

Development Agreement

 

 

Developed Technology

 

 

B2B Relationships

 

 

B2C Relationships

 

 

Marketing Agreement

 

 

Total

 

For the year ending

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2026 (excluding nine months ended September 30, 2026)

 

$

165

 

 

$

968

 

 

$

763

 

 

$

1,899

 

 

$

1,428

 

 

$

270

 

 

$

56

 

 

$

5,549

 

2027

 

 

660

 

 

 

3,867

 

 

 

3,053

 

 

 

8,409

 

 

 

5,947

 

 

 

1,083

 

 

 

225

 

 

 

23,244

 

2028

 

 

660

 

 

 

3,867

 

 

 

3,053

 

 

 

8,196

 

 

 

5,947

 

 

 

1,083

 

 

 

225

 

 

 

23,031

 

2029

 

 

440

 

 

 

3,867

 

 

 

1,910

 

 

 

7,504

 

 

 

5,329

 

 

 

1,083

 

 

 

225

 

 

 

20,358

 

2030

 

 

—

 

 

 

3,867

 

 

 

—

 

 

 

6,955

 

 

 

2,233

 

 

 

1,083

 

 

 

225

 

 

 

14,363

 

Thereafter

 

 

—

 

 

 

9,342

 

 

 

—

 

 

 

7,668

 

 

 

2,911

 

 

 

4,155

 

 

 

3,075

 

 

 

27,151

 

Total future amortization

 

$

1,925

 

 

$

25,778

 

 

$

8,779

 

 

$

40,631

 

 

$

23,795

 

 

$

8,757

 

 

$

4,031

 

 

$

113,696

 
Goodwill [Table Text Block]

 

 

September 30, 2026

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Effect of

 

 

 

 

 

 

 

Gross

 

 

 

 

 

 

Accumulated

 

 

Foreign

 

 

 

 

 

 

 

Carrying

 

 

Accumulated

 

 

Impairment

 

 

Currency

 

 

Goodwill,

 

(In thousands)

 

Value

 

 

Amortization

 

 

Losses

 

 

Exchange

 

 

Net

 

Goodwill, net by Segment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Las Vegas Locals

 

$

593,567

 

 

$

—

 

 

$

(188,079

)

 

$

—

 

 

$

405,488

 

Downtown Las Vegas

 

 

6,997

 

 

 

(6,134

)

 

 

—

 

 

 

—

 

 

 

863

 

Midwest & South

 

 

636,269

 

 

 

—

 

 

 

(107,470

)

 

 

—

 

 

 

528,799

 

Online

 

 

136,887

 

 

 

—

 

 

 

(82,000

)

 

 

23

 

 

 

54,910

 

Managed & Other

 

 

30,529

 

 

 

—

 

 

 

(30,529

)

 

 

—

 

 

 

—

 

Balances, September 30, 2026

 

$

1,404,249

 

 

$

(6,134

)

 

$

(408,078

)

 

$

23

 

 

$

990,060

 

 

 

December 31, 2025

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Effect of

 

 

 

 

 

 

 

Gross

 

 

 

 

 

 

Accumulated

 

 

Foreign

 

 

 

 

 

 

 

Carrying

 

 

Accumulated

 

 

Impairment

 

 

Currency

 

 

Goodwill,

 

(In thousands)

 

Value

 

 

Amortization

 

 

Losses

 

 

Exchange

 

 

Net

 

Goodwill, net by Segment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Las Vegas Locals

 

$

593,567

 

 

$

—

 

 

$

(188,079

)

 

$

—

 

 

$

405,488

 

Downtown Las Vegas

 

 

6,997

 

 

 

(6,134

)

 

 

—

 

 

 

—

 

 

 

863

 

Midwest & South

 

 

636,269

 

 

 

—

 

 

 

(107,470

)

 

 

—

 

 

 

528,799

 

Online

 

 

104,737

 

 

 

—

 

 

 

(82,000

)

 

 

90

 

 

 

22,827

 

Managed & Other

 

 

30,529

 

 

 

—

 

 

 

(30,529

)

 

 

—

 

 

 

—

 

Balances, December 31, 2025

 

$

1,372,099

 

 

$

(6,134

)

 

$

(408,078

)

 

$

90

 

 

$

957,977