Property and Equipment, Net

6 Months Ended

Jun. 30, 2012

Property, Plant and Equipment, Net [Abstract]

PROPERTY AND EQUIPMENT, NET

Property and equipment, net consists of the following:



	June 30,		December 31,
	2012		2011
	(In thousands)
Land	$	614,697	$	614,697
Buildings and improvements	3,529,008		3,513,230
Furniture and equipment	1,217,378		1,185,737
Riverboats and barges	168,237		168,204
Other	51,737		37,368
Total property and equipment	5,581,057		5,519,236
Less accumulated depreciation	2,060,649		1,977,128
Property and equipment, net	$	3,520,408	$	3,542,108

Depreciation expense for the three months ended June 30, 2012 and 2011 was $49.5 million and $46.4 million, respectively. Depreciation expense for the six months ended June 30, 2012 and 2011 was $98.4 million and $92.1 million, respectively. The amounts recorded during the six months ended June 30, 2011 include the effect of certain measurement period adjustments related to the consolidation of Borgata.

Other property and equipment presented in the table above primarily relates to costs capitalized in conjunction with major improvements, including construction in process, that have not yet been placed into service, and accordingly, such costs are not currently being depreciated.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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