GOODWILL AND INTANGIBLE ASSETS

12 Months Ended

Dec. 31, 2024

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS

NOTE 3. GOODWILL AND INTANGIBLE ASSETS

Goodwill was $25.1 million at December 31, 2024 and 2023. The Company’s goodwill is related to the acquisition of the Black Hawk property in 2012. There are no accumulated impairment losses or any other adjustments to the goodwill as defined in ASC 350-20-50-1.

The Company’s finite-lived intangible assets at December 31, 2024 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 5 years ending December 31, 2029 are as follows (in thousands):

Year	Expense
2025	$	180
2026		43
2027		43
2028		43
2029		36
Total	$	345

In 2024, 2023 and 2022, we recognized amortization expense of $0.2 million, $0.2 million and $0.1 million, respectively. 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.