Intangible Assets, net

12 Months Ended

Dec. 31, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets, net

Intangible Assets, net

Intangible assets, net consisted of the following (in thousands):

	As of December 31,
	2014			2013
Indefinite-lived intangible assets:
Trademarks	$	1,399		$	1,399
Water rights	6,400			6,400
Total indefinite-lived intangible assets	7,799			7,799
Finite-lived intangible assets:
Macau Gaming Concession	42,300			42,300
Less: accumulated amortization	(24,432		)	(22,048		)
	17,868			20,252
Show Production rights	—			863
Less: accumulated amortization	—			(863		)
	—			—
Massachusetts Gaming License	86,700			—
Less: accumulated amortization	—			—
	86,700			—
Other	2,716			2,716
Less: write-offs	(2,716		)	—
	—			2,716
Total finite-lived intangible assets	104,568			22,968
Total intangible assets, net	$	112,367		$	30,767

Water rights and trademarks are indefinite-lived assets and, accordingly, not amortized. Water rights reflect the fair value allocation determined in the purchase of the property on which Wynn Las Vegas is located in April 2000. The value of the trademarks primarily represents the costs to acquire the “Le Rêve” name.

The Macau gaming concession is a finite-lived intangible asset and being amortized over the 20-year life of the concession. The Company expects that amortization of the Macau gaming concession will be $2.4 million each year from 2015 through 2021, and $1.2 million in 2022.

In November 2014, the Company was awarded a license to operate a casino in Massachusetts. The consideration paid to the State of Massachusetts for the license fee and certain costs incurred in connection with and contractually related to obtaining the license will be considered a finite-lived intangible asset. These amounts will be amortized beginning upon the opening of the resort.