| SEGMENT REPORTING |
The following tables reflect selected information for our reporting segments for the three months ended March 31, 2015 and 2014. The casino/resort segments include the Silver Slipper Casino in Bay St. Louis, Mississippi; the Rising Star Casino Resort in Rising Sun, Indiana; and the Northern Nevada segment, which consists of the Grand Lodge Casino in Incline Village, Nevada and Stockman’s Casino in Fallon, Nevada. The Development/Management segment includes costs associated with casino development and management projects, including our management contract with the Pueblo of Pojoaque that expired in September 2014.
Selected statement of operations data for the three months ended March 31 (in thousands):
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Three Months Ended
March 31, 2015
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Casino/Resort Operations
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Northern
Nevada
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Rising Star
Casino Resort
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Silver Slipper
Casino
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Development/
Management
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Corporate
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Consolidated
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Revenues, net
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$ |
4,245 |
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$ |
11,115 |
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$ |
13,724 |
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$ |
-- |
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$ |
-- |
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$ |
29,084 |
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Selling, general and administrative
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|
1,501 |
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|
3,896 |
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|
4,283 |
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-- |
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|
1,164 |
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|
10,844 |
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Depreciation and amortization
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|
200 |
|
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|
688 |
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|
1,100 |
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-- |
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4 |
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|
1,992 |
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Operating income (loss)
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|
83 |
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(483 |
) |
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1,558 |
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(4 |
) |
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(1,168 |
) |
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(14 |
) |
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Interest expense, net of amounts capitalized
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-- |
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|
42 |
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|
5 |
|
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|
-- |
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|
1,478 |
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|
1,525 |
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Net income (loss)
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81 |
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(516 |
) |
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|
1,334 |
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(4 |
) |
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(2,650 |
) |
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(1,755 |
) |
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Three Months Ended
March 31, 2014
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Casino/Resort Operations
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Northern
Nevada
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Rising Star
Casino Resort
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Silver Slipper
Casino
|
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Development/
Management
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Corporate
|
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Consolidated
|
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Revenues, net
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$ |
4,387 |
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$ |
13,248 |
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$ |
12,320 |
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|
$ |
494 |
|
|
$ |
-- |
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|
$ |
30,449 |
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Selling, general and administrative
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|
1,448 |
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|
4,387 |
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|
4,126 |
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-- |
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|
1,172 |
|
|
|
11,133 |
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Depreciation and amortization
|
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|
217 |
|
|
|
847 |
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|
1,386 |
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|
-- |
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|
5 |
|
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|
2,455 |
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Operating income (loss)
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|
148 |
|
|
|
(250 |
) |
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|
750 |
|
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|
438 |
|
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|
(1,177 |
) |
|
|
(91 |
) |
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Interest expense, net of amounts capitalized
|
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|
-- |
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|
48 |
|
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|
-- |
|
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|
-- |
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|
|
1,469 |
|
|
|
1,517 |
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Net income (loss)
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|
97 |
|
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|
(248 |
) |
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|
495 |
|
|
|
320 |
|
|
|
(1,746 |
) |
|
|
(1,082 |
) |
Selected balance sheet data as of March 31, 2015 and December 31, 2014 (in thousands):
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March 31, 2015
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| |
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Casino/Resort Operations
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|
|
| |
|
Northern
Nevada
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|
Rising Star
Casino Resort
|
|
|
Silver Slipper
Casino
|
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|
Development/
Management
|
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|
Corporate
|
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Consolidated
|
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| |
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|
|
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Total assets
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$ |
10,767 |
|
|
$ |
38,083 |
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|
$ |
80,698 |
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$ |
-- |
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|
$ |
9,882 |
|
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$ |
139,430 |
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Property, equipment and capital lease, net
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|
6,483 |
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|
|
33,129 |
|
|
|
58,498 |
|
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|
-- |
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|
31 |
|
|
|
98,141 |
|
|
Goodwill
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|
1,809 |
|
|
|
-- |
|
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|
14,671 |
|
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|
-- |
|
|
|
-- |
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|
16,480 |
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Liabilities
|
|
|
1,662 |
|
|
|
11,604 |
|
|
|
4,105 |
|
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|
-- |
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|
|
66,280 |
|
|
|
83,651 |
|
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December 31, 2014
|
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| |
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Casino/Resort Operations
|
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|
|
|
| |
|
Northern
Nevada
|
|
|
Rising Star
Casino Resort
|
|
|
Silver Slipper
Casino
|
|
|
Development/
Management
|
|
|
Corporate
|
|
|
Consolidated
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
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|
Total assets
|
|
$ |
12,471 |
|
|
$ |
39,101 |
|
|
$ |
76,898 |
|
|
$ |
-- |
|
|
$ |
12,474 |
|
|
$ |
140,944 |
|
|
Property, equipment and capital lease, net
|
|
|
6,656 |
|
|
|
33,801 |
|
|
|
54,548 |
|
|
|
-- |
|
|
|
35 |
|
|
|
95,040 |
|
|
Goodwill
|
|
|
1,809 |
|
|
|
-- |
|
|
|
14,671 |
|
|
|
-- |
|
|
|
-- |
|
|
|
16,480 |
|
|
Liabilities
|
|
|
1,970 |
|
|
|
11,543 |
|
|
|
4,182 |
|
|
|
-- |
|
|
|
65,752 |
|
|
|
83,447 |
|
|