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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2019
Goodwill And Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill and Other Intangible Assets

Goodwill and other intangible assets consisted of the following:  

 

 

 

December 31,

 

 

 

2019

 

 

2018

 

 

 

(In thousands)

 

Goodwill

 

$

2,084,564

 

 

$

1,821,392

 

 

 

 

 

 

 

 

 

 

Indefinite-lived intangible assets:

 

 

 

 

 

 

 

 

Detroit development rights

 

$

98,098

 

 

$

98,098

 

MGM Northfield Park racing and gaming licenses

 

 

228,000

 

 

 

228,000

 

Trademarks, license rights and other

 

 

352,212

 

 

 

312,022

 

Total indefinite-lived intangible assets

 

 

678,310

 

 

 

638,120

 

Finite-lived intangible assets:

 

 

 

 

 

 

 

 

MGM Grand Paradise gaming sub-concession

 

 

4,519,558

 

 

 

4,468,766

 

Less: Accumulated amortization

 

 

(1,514,772

)

 

 

(1,342,561

)

 

 

 

3,004,786

 

 

 

3,126,205

 

MGM Macau land concession

 

 

 

 

 

83,885

 

Less: Accumulated amortization

 

 

 

 

 

(32,035

)

 

 

 

 

 

 

51,850

 

Customer lists

 

 

202,347

 

 

 

174,679

 

Less: Accumulated amortization

 

 

(161,892

)

 

 

(151,465

)

 

 

 

40,455

 

 

 

23,214

 

Finite-lived gaming licenses and other intangible assets

 

 

141,327

 

 

 

136,127

 

Less: Accumulated amortization

 

 

(38,374

)

 

 

(31,053

)

 

 

 

102,953

 

 

 

105,074

 

Total finite-lived intangible assets, net

 

 

3,148,194

 

 

 

3,306,343

 

Total other intangible assets, net

 

$

3,826,504

 

 

$

3,944,463

 

Summary of Changes in Company's Goodwill by Reportable Segment

 

Goodwill. A summary of changes in the Company’s goodwill by reportable segment is as follows for 2019 and 2018:

 

 

 

2019

 

 

 

Balance at January 1

 

 

Acquisitions

 

 

Reclassifications

 

 

Currency exchange

 

 

Balance at December 31

 

 

 

(In thousands)

 

Goodwill, net by segment:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Las Vegas Strip Resorts

 

$

70,975

 

 

$

 

 

$

(40,523

)

 

$

 

 

$

30,452

 

Regional Operations

 

 

386,892

 

 

 

256,133

 

 

 

58,438

 

 

 

 

 

 

701,463

 

MGM China

 

 

1,345,610

 

 

 

 

 

 

 

 

 

7,039

 

 

 

1,352,649

 

Corporate and other

 

 

17,915

 

 

 

 

 

 

(17,915

)

 

 

 

 

 

 

 

 

$

1,821,392

 

 

$

256,133

 

 

$

 

 

$

7,039

 

 

$

2,084,564

 

 

 

 

 

 

2018

 

 

 

 

 

Balance at January 1

 

 

Acquisitions

 

 

Currency exchange

 

 

Balance at December 31

 

 

 

 

 

(In thousands)

 

Goodwill, net by segment:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Las Vegas Strip Resorts

 

 

 

$

70,975

 

 

$

 

 

$

 

 

$

70,975

 

Regional Operations

 

 

 

 

386,892

 

 

 

 

 

 

 

 

 

386,892

 

MGM China

 

 

 

 

1,348,664

 

 

 

 

 

 

(3,054

)

 

 

1,345,610

 

Corporate and other

 

 

 

 

 

 

 

17,915

 

 

 

 

 

 

17,915

 

 

 

 

 

$

1,806,531

 

 

$

17,915

 

 

$

(3,054

)

 

$

1,821,392

 

 

Schedule of Estimated Future Amortization As of December 31, 2019, estimated future amortization is as follows:

 

 

 

 

 

Years ending December 31,

 

(In thousands)

 

2020

 

$

193,886

 

2021

 

 

196,932

 

2022

 

 

190,840

 

2023

 

 

178,378

 

2024

 

 

175,866

 

Thereafter

 

 

2,212,292

 

 

 

$

3,148,194