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Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2012
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
Schedule of Intangible Assets
Intangible assets consist of the following:
 
June 30, 2012
 
Weighted
 
Gross
 
 
 
Cumulative
 
 
 
Average Life
 
Carrying
 
Cumulative
 
Impairment
 
Intangible
 
Remaining
 
Value
 
Amortization
 
Losses
 
Assets, Net
 
 
 
(In thousands)
Amortizing intangibles:
 
 
 
 
 
 
 
 
 
Customer relationships
1.7 years
 
$
17,700

 
$
(12,149
)
 
$
—

 
$
5,551

Favorable lease rates
35.9 years
 
45,370

 
(8,346
)
 
—

 
37,024

Development agreement
9.3 years
 
21,373

 
—

 
—

 
21,373

 
 
 
84,443

 
(20,495
)
 
—

 
63,948

 
 
 
 
 
 
 
 
 
 
Indefinite lived intangible assets:
 
 
 
 
 
 
 
 
 
Trademarks
Indefinite
 
141,000

 
—

 
(5,000
)
 
136,000

Gaming license rights
Indefinite
 
567,886

 
(33,960
)
 
(162,500
)
 
371,426

 
 
 
708,886

 
(33,960
)
 
(167,500
)
 
507,426

Balance, June 30, 2012
 
 
$
793,329

 
$
(54,455
)
 
$
(167,500
)
 
$
571,374


 
December 31, 2011
 
Weighted
 
Gross
 
 
 
Cumulative
 
 
 
Average Life
 
Carrying
 
Cumulative
 
Impairment
 
Intangible
 
Remaining
 
Value
 
Amortization
 
Losses
 
Assets, Net
 
 
 
(In thousands)
Amortizing intangibles:
 
 
 
 
 
 
 
 
 
Customer relationships
2.2 years
 
$
17,700

 
$
(10,026
)
 
$
—

 
$
7,674

Favorable lease rates
36.4 years
 
45,370

 
(7,825
)
 
—

 
37,545

     Development agreement
9.8 years
 
21,373

 
—

 
—

 
21,373

 
 
 
84,443

 
(17,851
)
 
—

 
66,592

 
 
 
 
 
 
 
 
 
 
Indefinite lived intangible assets:
 
 
 
 
 
 
 
 
 
Trademarks
Indefinite
 
141,000

 
—

 
(5,000
)
 
136,000

Gaming license rights
Indefinite
 
567,886

 
(33,960
)
 
(162,500
)
 
371,426

 
 
 
708,886

 
(33,960
)
 
(167,500
)
 
507,426

Balance, December 31, 2011
 
 
$
793,329

 
$
(51,811
)
 
$
(167,500
)
 
$
574,018

Schedule of Changes in Intangible Assets
The following table sets forth the changes in these intangible assets during the six months ended June 30, 2012 and 2011:
 
Customer Relationships
 
Favorable Lease Rates
 
Development Agreements
 
Trademarks
 
 Gaming License Rights
 
 Intangible Assets, Net
 
(In thousands)
Six Months Ended June 30, 2012
 
 
 
 
 
 
 
 
 
 
 
Balance, December 31, 2011
$
7,674

 
$
37,545

 
$
21,373

 
$
136,000

 
$
371,426

 
$
574,018

Additions
—

 
—

 
—

 
—

 
—

 
—

Impairments
—

 
—

 
—

 
—

 
—

 
—

Amortization
(2,123
)
 
(521
)
 
—

 
—

 
—

 
(2,644
)
Balance, June 30, 2012
$
5,551

 
$
37,024

 
$
21,373

 
$
136,000

 
$
371,426

 
$
571,374

 
 
 
 
 
 
 
 
 
 
 
 
Six Months Ended June 30, 2011
 
 
 
 
 
 
 
 
 
 
 
Balance, December 31, 2010
$
14,000

 
$
38,588

 
$
—

 
$
115,700

 
$
371,426

 
$
539,714

Additions
—

 
—

 
—

 
—

 
—

 
—

Impairments
—

 
—

 
—

 
(5,000
)
 
—

 
(5,000
)
Amortization
(6,871
)
—

(521
)
 
—

 
—

 
—

 
(7,392
)
Balance, June 30, 2011
$
7,129

 
$
38,067

 
$
—

 
$
110,700

 
$
371,426

 
$
527,322

Schedule of Expected Amortization Expense
Future amortization is as follows:
 
 
Customer Relationships
 
Favorable Lease Rates
 
Development Agreement
 
Total
 
 
(In thousands)
For the year or partial year ending December 31,
 
 
 
 
 
 
 
 
Remainder of 2012
 
$
2,960

 
$
522

 
$
—

 
$
3,482

2013
 
2,591

 
1,043

 
—

 
3,634

2014
 
—

 
1,043

 
1,053

 
2,096

2015
 
—

 
1,043

 
2,401

 
3,444

2016
 
—

 
1,043

 
2,689

 
3,732

Thereafter
 
—

 
32,330

 
15,230

 
47,560

Total future amortization
 
$
5,551

 
$
37,024

 
$
21,373

 
$
63,948