text: The allowance for doubtful accounts as a percentage of casino accounts receivable 
  has decreased since 2002, the result of improved collections leading to improved 
  credit statistics, reflected in the lower median age of accounts and decreasing 
  percentage of accounts outstanding over 180 days. Our reserve percentage is now 
  consistent with the percentage before the September 11 attacks, and is representa- 
  tive of a more normalized collection experience and positive global economic 
  conditions relative to the conditions in 2001 and 2002. 
  
  At December 31, 2004, a 100 basis-point change in the allowance for doubtful 
  accounts as a percentage of casino accounts receivable would change net income by 
  $1.1 million, or $0.01 per share. 
  
  **Fixed asset capitalization and depreciation policies**
  Property and equipment are stated at cost. Maintenance and repairs that neither 
  materially add to the value of the property nor appreciably prolong its life are 
  charged to expense as incurred. Depreciation and amortization are provided on a 