Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Revenues    
Net revenues $ 125,589 $ 165,432
Operating costs and expenses    
Selling, general and administrative 47,585 56,052
Project development costs 423 1,037
Depreciation and amortization 7,666 8,331
Loss on disposal of assets, net 684 8
Total operating costs and expenses 115,113 159,216
Operating income 10,476 6,216
Other expense    
Interest expense, net of amounts capitalized of $853 and $772 (9,823) (10,728)
Adjustment to fair value of warrants (598) (1,230)
Total other expense (10,421) (11,958)
Income (loss) before income taxes 55 (5,742)
Income tax (benefit) expense (92) 80
Net income (loss) $ 147 $ (5,822)
Basic earnings (loss) per share (in dollars per share) $ 0.01 $ (0.22)
Diluted earnings (loss) per share (in dollars per share) $ 0.01 $ (0.22)
Basic weighted average number of common shares outstanding 27,093,656 26,979,829
Diluted weighted average number of common shares outstanding 27,783,654 26,979,829
Casino    
Revenues    
Net revenues $ 90,812 $ 113,390
Operating costs and expenses    
Costs and expenses 33,749 50,673
Food and beverage    
Revenues    
Net revenues 19,766 35,069
Operating costs and expenses    
Costs and expenses 19,378 33,950
Hotel    
Revenues    
Net revenues 7,410 11,535
Operating costs and expenses    
Costs and expenses 3,773 5,608
Other operations    
Revenues    
Net revenues 7,601 5,438
Operating costs and expenses    
Costs and expenses $ 1,855 $ 3,557