Note 11 - Other Assets

9 Months Ended

Jan. 31, 2025

Notes to Financial Statements

Intangible Assets Disclosure [Text Block]

11. Other Assets:

The other asset account includes assets of $5.5 million related to the Kansas Expanded Lottery Act Management Contract privilege fee, $7.9 million of gaming equipment we were required to pay for ownership by the State of Kansas Lottery and miscellaneous other assets of $127 thousand. BHCMC expects the $5.5 million privilege fee to have a value over the remaining life of the Management Contract with the State of Kansas. The State of Kansas approved the renewal management contract for our Professional Services company BNSC assumed by BHCMC. The renewal took effect December 15, 2024, and will continue another 15 years to 2039. Gaming equipment includes a Managers Certificate asset which is amortized over a period of three years based on the estimated useful life of gaming equipment.