Quarterly report pursuant to Section 13 or 15(d)

ACQUISITION (Tables)

v3.5.0.2
ACQUISITION (Tables)
 6 Months Ended
Jun. 30, 2016
Business Combinations [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
The following table summarizes our preliminary estimates of the fair values of the assets acquired and liabilities assumed at the acquisition date. We are in the process of completing our valuation analysis and thus these estimates are subject to change.

(In thousands, unaudited)
 
 
 
 
 
Cash and equivalents
 
$
2,682

Other current assets
 
256

Property and equipment
 
16,194

Goodwill
4,649

Gaming licenses (Intangible)
 
7,500

Trade names (Intangible)
 
1,800

Total assets
 
33,081

 
 
 
Current liabilities
 
2,005

Total liabilities
 
2,005

 
 
 
Estimated net assets acquired
 
$
31,076

Business Acquisition, Pro Forma Information
The pro forma results do not include any anticipated synergies or other expected benefits from the acquisition.
Pro Forma Consolidated Statement of Operations
(In thousands, unaudited)
 
 
 
 
 
For the three months ended
 
For the six months ended
 
June 30,
2016
 
June 30,
2015
 
June 30,
2016
 
June 30,
2015
 
 
 
 
 
 
 
 
Net revenues
$
37,797

 
$
37,253

 
$
76,066

 
$
72,174

Net loss
(2,144
)
 
(1,573
)
 
(3,485
)
 
(4,148
)
Basic and diluted loss per share
(0.11
)
 
(0.08
)
 
(0.18
)
 
(0.22
)