| SEGMENT REPORTING |
9. SEGMENT REPORTING
The following tables reflect selected information for our reporting segments for the three months ended March 31, 2013 and 2012. The casino operation segments include the Silver Slipper’s operation in Bay St. Louis, Mississippi, Rising Star’s operation in Rising Sun, Indiana, the Grand Lodge’s operation in Lake Tahoe, Nevada and Stockman’s operation in Fallon, Nevada. We have included regional information for segment reporting and aggregated casino operations in the same region. The development/management segment includes costs associated with casino development and management projects, including the management agreement with the Pueblo of Pojoaque to advise on the operations of the Buffalo Thunder in Santa Fe, New Mexico, and the Michigan joint venture. The Corporate segment includes our general and administrative expenses.
Selected statement of operations data for the three months ended March 31 (in thousands):
|
2013
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Casino Operations
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Nevada
|
|
|
Midwest
|
|
|
Gulf
Coast
|
|
|
Development/
Management
|
|
|
Corporate
|
|
|
Consolidated
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues
|
|
$ |
5,325 |
|
|
$ |
19,614 |
|
|
$ |
13,710 |
|
|
$ |
477 |
|
|
$ |
-- |
|
|
$ |
39,126 |
|
|
Selling, general and administrative expense
|
|
|
1,484 |
|
|
|
4,405 |
|
|
|
4,606 |
|
|
|
-- |
|
|
|
1,739 |
|
|
|
12,234 |
|
|
Depreciation and amortization
|
|
|
180 |
|
|
|
747 |
|
|
|
1,281 |
|
|
|
-- |
|
|
|
2 |
|
|
|
2,210 |
|
|
Operating income (loss)
|
|
|
960 |
|
|
|
1,955 |
|
|
|
1,502 |
|
|
|
435 |
|
|
|
(1,741 |
) |
|
|
3,111 |
|
|
Net Income (loss) attributable to the Company
|
|
|
634 |
|
|
|
965 |
|
|
|
990 |
|
|
|
381 |
|
|
|
(2,394 |
) |
|
|
576 |
|
|
2012
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Casino Operations
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nevada
|
|
|
Midwest
|
|
|
Gulf
Coast
|
|
|
Development/
Management
|
|
|
Corporate
|
|
|
Consolidated
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues
|
|
$ |
4,887 |
|
|
$ |
22,630 |
|
|
$ |
-- |
|
|
$ |
5,810 |
|
|
$ |
-- |
|
|
$ |
33,327 |
|
|
Selling, general and administrative expense
|
|
|
1,568 |
|
|
|
5,017 |
|
|
|
-- |
|
|
|
136 |
|
|
|
1,840 |
|
|
|
8,561 |
|
|
Depreciation and amortization
|
|
|
242 |
|
|
|
1,028 |
|
|
|
-- |
|
|
|
593 |
|
|
|
2 |
|
|
|
1,865 |
|
|
Operating gains
|
|
|
-- |
|
|
|
-- |
|
|
|
-- |
|
|
|
40,762 |
|
|
|
-- |
|
|
|
40,762 |
|
|
Operating income (loss)
|
|
|
358 |
|
|
|
2,062 |
|
|
|
-- |
|
|
|
45,812 |
|
|
|
(1,908 |
) |
|
|
46,324 |
|
|
Net Income (loss) attributable to the Company
|
|
|
234 |
|
|
|
(1,038 |
) |
|
|
-- |
|
|
|
30,109 |
|
|
|
(3,456 |
) |
|
|
25,849 |
|
Selected balance sheet data as of March 31, 2013 and December 31, 2012 (in thousands):
|
2013
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Casino Operations
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Nevada
|
|
|
Midwest
|
|
|
Gulf
Coast
|
|
|
Development/ Management
|
|
|
Corporate
|
|
|
Consolidated
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total assets
|
|
$ |
16,004 |
|
|
$ |
50,552 |
|
|
$ |
72,157 |
|
|
$ |
96 |
|
|
$ |
23,642 |
|
|
$ |
162,451 |
|
|
Property and equipment, net
|
|
|
6,897 |
|
|
|
29,436 |
|
|
|
46,977 |
|
|
|
-- |
|
|
|
31 |
|
|
|
83,341 |
|
|
Goodwill
|
|
|
5,809 |
|
|
|
1,647 |
|
|
|
14,671 |
|
|
|
-- |
|
|
|
-- |
|
|
|
22,127 |
|
|
Liabilities
|
|
|
2,076 |
|
|
|
5,495 |
|
|
|
2,707 |
|
|
|
-- |
|
|
|
70,121 |
|
|
|
80,399 |
|
|
2012
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Casino Operations
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Nevada
|
|
|
Midwest
|
|
|
Gulf
Coast
|
|
|
Development/
Management
|
|
|
Corporate
|
|
|
Consolidated
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total assets
|
|
$ |
16,964 |
|
|
$ |
51,054 |
|
|
$ |
72,911 |
|
|
$ |
96 |
|
|
$ |
21,700 |
|
|
$ |
162,725 |
|
|
Property and equipment, net
|
|
|
6,988 |
|
|
|
29,632 |
|
|
|
47,024 |
|
|
|
-- |
|
|
|
29 |
|
|
|
83,673 |
|
|
Goodwill
|
|
|
5,809 |
|
|
|
1,647 |
|
|
|
14,671 |
|
|
|
-- |
|
|
|
-- |
|
|
|
22,127 |
|
|
Liabilities
|
|
|
2,281 |
|
|
|
5,817 |
|
|
|
3,020 |
|
|
|
-- |
|
|
|
70,474 |
|
|
|
81,592 |
|