XML 69 R15.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Intangible Assets, net
 12 Months Ended
Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets, net Intangible Assets, net
Intangible assets, net consisted of the following (in thousands): 
 December 31,
20192018
Finite-lived intangible assets:
     Macau gaming concession$42,300  $42,300  
     Less: accumulated amortization(36,348) (33,965) 
5,952  8,335  
     Massachusetts gaming license117,700  117,700  
     Less: accumulated amortization(4,098) —  
113,602  117,700  
     Undeveloped land - Las Vegas —  89,101  
     Less: accumulated amortization—  (1,027) 
—  88,074  
     Total finite-lived intangible assets119,554  214,109  
Indefinite-lived intangible assets:
Water rights and other26,860  8,397  
     Total indefinite-lived intangible assets26,860  8,397  
Total intangible assets, net
$146,414  $222,506  

The Macau gaming concession is a finite-lived intangible asset that is 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 in 2020 and 2021, and $1.2 million in 2022.

The Massachusetts gaming license is a finite-lived intangible asset that is being amortized over the 15 year life of the license. The Company expects that amortization of the Massachusetts gaming license will be $7.8 million each year from 2020 through 2033, and $3.7 million in 2034.
On January 1, 2019, the Company reclassified the Undeveloped land - Las Vegas, net of related accumulated amortization to operating lease assets with the adoption of Topic 842.