v3.20.2
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues        
Net revenues $ 41,956 $ 44,259 $ 87,320 $ 126,416
Operating costs and expenses        
Selling, general and administrative 12,555 12,485 35,332 38,172
Project development costs 108 228 423 503
Depreciation and amortization 1,848 2,089 5,868 6,263
Loss on disposal of assets, net   10 439 5
Total operating costs and expenses 31,547 40,865 84,505 119,831
Operating income 10,409 3,394 2,815 6,585
Other (expense) income        
Interest expense, net of $208 and $478 capitalized for the three-months ended September 30, 2020 and 2019, and $639 and $608 capitalized for the nine-months ended September 30, 2020 and 2019 (2,391) (2,428) (7,329) (8,062)
Adjustment to fair value of warrants (403) (262) 1,159 (161)
Total other (expense) income (2,794) (2,690) (6,170) (8,223)
Income (loss) before income taxes 7,615 704 (3,355) (1,638)
Income tax (benefit) provision (93) (234) (2) 51
Net income (loss) $ 7,708 $ 938 $ (3,353) $ (1,689)
Basic earnings (loss) per share (in dollars per share) $ 0.28 $ 0.03 $ (0.12) $ (0.06)
Diluted earnings (loss) per share (in dollars per share) $ 0.28 $ 0.03 $ (0.17) $ (0.06)
Casino        
Revenues        
Net revenues $ 31,910 $ 30,644 $ 63,616 $ 87,392
Operating costs and expenses        
Costs and expenses 10,125 12,188 23,886 35,565
Food and beverage        
Revenues        
Net revenues 5,612 9,262 14,596 26,783
Operating costs and expenses        
Costs and expenses 5,234 10,154 14,453 28,972
Hotel        
Revenues        
Net revenues 2,511 3,077 5,204 8,843
Operating costs and expenses        
Costs and expenses 1,113 2,522 2,663 7,321
Other operations, including online/mobile sports operations        
Revenues        
Net revenues 1,923 1,276 3,904 3,398
Operating costs and expenses        
Costs and expenses $ 564 $ 1,189 $ 1,441 $ 3,030

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