Quarterly report pursuant to Section 13 or 15(d)

SEGMENT REPORTING

v2.4.0.8
SEGMENT REPORTING
3 Months Ended
Mar. 31, 2014
Segment Reporting [Abstract]  
SEGMENT REPORTING
9.           SEGMENT REPORTING
 
The following tables reflect selected information for our reporting segments for the three months ended March 31, 2014 and 2013, respectively. The casino operation segments include the Silver Slipper Casino’s operation in Bay St. Louis, Mississippi, Rising Star Casino Resort’s operation in Rising Sun, Indiana, the Grand Lodge Casino’s operation in Lake Tahoe, Nevada and Stockman’s Casino operation in Fallon, Nevada. References to (i) Midwest segment refers to Rising Star Casino Resort, (ii) Gulf Coast segment refers to Silver Slipper Casino and (iii) Northern Nevada segment refers to Grand Lodge Casino and Stockman’s Casino. The development/management segment includes costs associated with casino development and management projects, including the management agreement with the Pueblo of Pojoaque for their gaming operations including the Buffalo Thunder in Santa Fe, New Mexico. The Corporate segment includes our general and administrative expenses.
 
 
Selected statement of operations data for the three months ended March 31 (in thousands):
 
2014
                                   
                         
   
Casino Operations
                   
   
 
Northern
Nevada
   
 
Midwest
   
Gulf
Coast
   
Development/
Management
   
Corporate
   
Consolidated
 
                                     
Revenues
  $ 4,387     $ 13,248     $ 12,321     $ 493     $ --     $ 30,449  
Selling, general and administrative expense
    1,448       3,884       4,126       --       1,172       10,630  
Depreciation and amortization
    217       847       1,386       --       5       2,455  
Operating income (loss)
    148       (250 )     751       438       (1,177 )     (90 )
Net income (loss)
    97       (248 )     495       320       (1,746 )     (1,082 )
 
2013
                                   
                         
   
Casino Operations
                   
   
 
Northern
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)
    634       965       990       381       (2,394 )     576  
 
 
Selected balance sheet data as of March 31, 2014 and December 31, 2013 (in thousands):
 
2014                                    
                         
   
Casino Operations
                   
   
Northern Nevada
   
Midwest
   
 
Gulf
Coast
   
Development/ Management
   
Corporate
   
Consolidated
 
                                                 
Total assets
  $ 11,935     $ 54,867     $ 71,898     $ 59     $ 14,797     $ 153,556  
Property and equipment, net
    7,143       35,748       48,733       --       47       91,671  
Goodwill
    1,809       1,647       14,671       --       --       18,127  
Liabilities
    1,692       12,296       2,663       --       60,095       76,746  
 
2013
                       
                         
   
 Casino Operations
                   
   
 
Northern Nevada
   
 
 
Midwest
   
 
 
Gulf Coast
   
 
Development/
Management
   
 
 
Corporate
   
 
 
Consolidated
 
                                                 
Total assets
  $ 13,838     $ 55,523     $ 71,662     $ 59     $ 13,205     $ 154,287  
Property and equipment, net
    7,352       36,427       47,338       --       51       91,168  
Goodwill
    1,809       1,647       14,671       --       --       18,127  
Liabilities
    2,056       12,718       3,559       --       58,140       76,473