Intangible Assets, Net

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets, Net

Intangible Assets, Net

Intangible assets consist of the following:

	December 31,
	2021		2020
	(In millions)
Marina Bay Sands gaming license	$	53	$	55
Trademarks and other	13		1
	66		56
Less — accumulated amortization	(47)		(31)
Total intangible assets, net	$	19	$	25

In April 2019, the Company paid SGD 72 million (approximately $53 million at exchange rates in effect at the time of the transaction) 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 2022, and is renewable upon submitting an application, paying the applicable license fee and meeting the requirements as determined by the CRA. The Company has filed a renewal application and believes it meets the renewal requirements as determined by the CRA; however, no assurance can be given the license renewal will be granted or for what period of time it will be granted.

Amortization expense was $18 million, $17 million and $17 million for the years ended December 31, 2021, 2020 and 2019, respectively. The estimated future amortization expense is approximately $6 million for the year ending December 31, 2022.