Note 3 - Property and Equipment, Net

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

NOTE 3.    PROPERTY AND EQUIPMENT, NET

Property and equipment, net consists of the following:

	December 31,
(In thousands)	2019		2018
Land	$	324,501	$	316,590
Buildings and improvements		3,090,974		3,084,337
Furniture and equipment		1,596,395		1,480,917
Riverboats and barges		241,036		240,507
Construction in progress		56,069		66,752
Total property and equipment		5,308,975		5,189,103
Less accumulated depreciation		2,636,422		2,473,039
Property and equipment, net	$	2,672,553	$	2,716,064

Construction in progress primarily relates to costs capitalized in conjunction with major improvements that have not yet been placed into service, and accordingly, such costs are not currently being depreciated.

Depreciation expense for the years ended December 31, 2019, 2018 and 2017 was $247.0 million, $212.1 million and $199.3 million, respectively.