Annual report [Section 13 and 15(d), not S-K Item 405]

COMMITMENTS AND CONTINGENCIES (Tables)

v3.25.0.1
COMMITMENTS AND CONTINGENCIES (Tables)
12 Months Ended
Dec. 31, 2024
COMMITMENTS AND CONTINGENCIES.  
Schedule of other indefinite-lived intangible assets

(In thousands)

December 31, 

    

2024

    

2023

Minimum IGB Reconciliation Fee(1)

$

46,039

$

22,092

Less: Amount representing interest(2)

(11,173)

(7,187)

Minimum present value of IGB Reconciliation Fee

$

34,866

$

14,905

__________

(1) Calculated based upon gaming revenues generated at American Place through the corresponding year-end. This one-time fee will be paid in six annual installments (without interest) beginning in February 2026.
(2) The effective interest rate of the Revolving Credit Facility (see Note 7) is used to impute interest on this long-term obligation and its corresponding increase to the Illinois gaming license valuation, which approximates their fair values.