v3.23.3
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues        
Net revenues $ 71,543 $ 41,393 $ 181,031 $ 127,199
Operating costs and expenses        
Selling, general and administrative 22,017 15,218 61,823 44,795
Project development costs, net 21 (149) 45 33
Preopening costs 1,051 2,594 12,634 4,914
Depreciation and amortization 8,468 2,386 22,482 6,012
Loss on disposal of assets 7   7 3
Total operating costs and expenses 61,186 38,998 177,066 111,282
Operating income 10,357 2,395 3,965 15,917
Other (expense) income        
Interest expense, net (5,867) (5,838) (16,319) (19,225)
Loss on modification of debt   (105) 0 (4,530)
Gain on settlements 29   384 0
Total other expense (5,838) (5,943) (15,935) (23,755)
Income (loss) before income taxes 4,519 (3,548) (11,970) (7,838)
Income tax (benefit) provision (74) 29 452 (16)
Net income $ 4,593 $ (3,577) $ (12,422) $ (7,822)
Basic earnings (loss) per share (in dollars per share) $ 0.13 $ (0.10) $ (0.36) $ (0.23)
Diluted earnings (loss) per share (in dollars per share) $ 0.13 $ (0.10) $ (0.36) $ (0.23)
Casino        
Revenues        
Net revenues $ 50,240 $ 29,721 $ 131,586 $ 88,293
Operating costs and expenses        
Costs and expenses 19,437 10,292 49,771 30,273
Food and beverage        
Revenues        
Net revenues 9,086 6,811 25,419 20,255
Operating costs and expenses        
Costs and expenses 8,330 6,814 24,815 20,134
Hotel        
Revenues        
Net revenues 2,560 2,490 7,052 7,076
Operating costs and expenses        
Costs and expenses 1,164 1,256 3,611 3,524
Other operations, including contracted sports wagering        
Revenues        
Net revenues 9,657 2,371 16,974 11,575
Operating costs and expenses        
Costs and expenses $ 691 $ 587 $ 1,878 $ 1,594

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