GOODWILL AND INTANGIBLE ASSETS

12 Months Ended

Dec. 31, 2022

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS

NOTE 3. GOODWILL AND INTANGIBLE ASSETS

Goodwill was $25.1 million at December 31, 2022 and 2021. The Company’s goodwill is related to the acquisition of the Black Hawk property in 2012.

The Company’s finite-lived intangible assets at December 31, 2022 consist of assets related to a cloud computing arrangement related to a hotel management system that is being amortized over 5 years.

Estimated amortization expenses for the years ending December 31, 2023 through 2025 are as follows (in thousands):

Year	Expense
2023	$	124
2024		124
2025		104
Total	$	352

In 2022 and 2021, we recognized amortization expense of $0.1 million and $0.5 million, respectively, and in 2020, we recognized amortization expense of $1.2 million. All finite-lived intangible assets related to the acquisition of the Black Hawk property were fully amortized in 2021.

The Company periodically evaluates the remaining useful lives of its finite-lived intangible assets to determine whether events and circumstances warrant a revision to the remaining period of amortization.