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Intangible Assets, Net
 12 Months Ended
Dec. 31, 2014
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets, Net
Intangible Assets, Net
Intangible assets consist of the following (in thousands):
 
 
December 31,
 
2014
 
2013
Sands Bethlehem gaming license and certificate
$
66,500

 
$
66,500

 
 
 
 
Marina Bay Sands gaming license
43,091

 
44,942

Less — accumulated amortization
(24,139
)
 
(10,195
)
 
18,952

 
34,747

Trademarks and other
1,116

 
1,141

Less — accumulated amortization
(308
)
 
(307
)
 
808

 
834

Total intangible assets, net
$
86,260

 
$
102,081


In August 2007 and July 2010, the Company was issued a gaming license and certificate from the Pennsylvania Gaming Control Board for its slots and table games operations at Sands Bethlehem, respectively, which were acquired for $50.0 million and $16.5 million, respectively. The license and certificate were determined to have indefinite lives and therefore, are not subject to amortization. In April 2013, the Company paid 57.0 million Singapore dollars ("SGD," approximately $43.1 million at exchange rates in effect on December 31, 2014) to the Singapore Casino Regulatory Authority (the “CRA”) as part of the process to renew its gaming license at Marina Bay Sands. This license is being amortized over its three-year term, which expires in April 2016, and is renewable upon submitting an application, paying the applicable license fee and meeting the requirements as determined by the CRA.
Amortization expense was $15.1 million, $13.6 million and $10.0 million for the years ended December 31, 2014, 2013 and 2012, respectively. The estimated future amortization expense is approximately $14.4 million and $4.6 million for the years ending December 2015 and 2016, respectively.