Annual report pursuant to Section 13 and 15(d)

PROPERTY AND EQUIPMENT

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PROPERTY AND EQUIPMENT
12 Months Ended
Dec. 31, 2021
PROPERTY AND EQUIPMENT  
PROPERTY AND EQUIPMENT

3. PROPERTY AND EQUIPMENT, NET

Property and equipment, net consisted of the following:

(In thousands)

December 31, 

    

2021

    

2020

Land and improvements

$

16,797

$

16,144

Buildings and improvements

 

119,696

 

114,911

Furniture and equipment

 

47,740

 

46,636

Construction in progress

 

44,847

 

11,735

 

229,080

 

189,426

Less: Accumulated depreciation

 

(79,540)

 

(73,654)

$

149,540

$

115,772

Property and equipment included assets under finance leases related to our hotel at Rising Star Casino Resort (Note 7) as follows:

(In thousands)

December 31, 

2021

2020

Leased land and improvements

$

215

$

215

Leased buildings and improvements

5,787

5,787

Leased furniture and equipment

1,724

1,724

7,726

7,726

Less: Accumulated amortization

(3,004)

(2,847)

$

4,722

$

4,879