Full House Resorts, Inc. Quarterly report pursuant to Section 13 or 15(d)

SEGMENT REPORTING AND DISAGGREGATED REVENUE (Tables)

6 Months Ended

Jun. 30, 2021

The following tables present the Company’s segment information:


(In thousands)	Three Months Ended June 30, 2021
									Contracted
									Sports
	Mississippi		Indiana		Colorado		Nevada		Wagering		Total
Revenues
Casino	$	16,872	$	7,886	$	5,575	$	4,314	$	—	$	34,647
Food and beverage		5,561		939		624		316		—		7,440
Hotel		1,268		1,131		111		—		—		2,510
Other operations		538		621		72		85		1,529		2,845
	$	24,239	$	10,577	$	6,382	$	4,715	$	1,529	$	47,442

Adjusted Segment EBITDA	$	8,983	$	2,666	$	1,839	$	1,412	$	1,500	$	16,400
Other operating costs and expenses:
Depreciation and amortization												(1,829)
Corporate expenses												(1,472)
Project development costs												(126)
Loss on disposal of assets, net												(568)
Stock-based compensation												(199)
Operating income												12,206
Other (expense) income:
Interest expense, net												(6,670)
Gain on extinguishment of debt												30
												(6,640)
Income before income taxes												5,566
Income tax provision												82
Net income											$	5,484


(In thousands)	Three Months Ended June 30, 2020
									Contracted
									Sports
	Mississippi		Indiana		Colorado		Nevada		Wagering		Total
Revenues
Casino	$	6,645	$	1,824	$	1,486	$	1,000	$	—	$	10,955
Food and beverage		1,757		91		88		58		—		1,994
Hotel		560		118		41		—		—		719
Other operations		160		174		18		28		463		843
	$	9,122	$	2,207	$	1,633	$	1,086	$	463	$	14,511

Adjusted Segment EBITDA	$	1,200	$	(1,361)	$	(199)	$	(562)	$	447	$	(475)
Other operating costs and expenses:
Depreciation and amortization												(1,980)
Corporate expenses												(910)
Project development costs												(259)
Loss on disposal of assets, net												(439)
Stock-based compensation												(103)
Operating loss												(4,166)
Other expenses:
Interest expense, net												(2,447)
Adjustment to fair value of warrants												(94)
												(2,541)
Loss before income taxes												(6,707)
Income tax benefit												(4)
Net loss											$	(6,703)


(In thousands)	Six Months Ended June 30, 2021
									Contracted
									Sports
	Mississippi		Indiana		Colorado		Nevada		Wagering		Total
Revenues
Casino	$	32,912	$	14,601	$	10,839	$	8,359	$	—	$	66,711
Food and beverage		10,255		1,686		1,037		563		—		13,541
Hotel		2,439		2,050		232		—		—		4,721
Other operations		990		830		178		161		2,518		4,677
	$	46,596	$	19,167	$	12,286	$	9,083	$	2,518	$	89,650

Adjusted Segment EBITDA	$	16,613	$	3,799	$	3,548	$	2,636	$	2,477	$	29,073
Other operating costs and expenses:
Depreciation and amortization												(3,629)
Corporate expenses												(3,376)
Project development costs												(173)
Loss on disposal of assets, net												(672)
Stock-based compensation												(323)
Operating income												20,900
Other expenses:
Interest expense, net												(11,126)
Loss on extinguishment of debt												(6,104)
Adjustment to fair value of warrants												(1,347)
												(18,577)
Income before income taxes												2,323
Income tax expense												284
Net income											$	2,039


(In thousands)	Six Months Ended June 30, 2020
									Contracted
									Sports
	Mississippi		Indiana		Colorado		Nevada		Wagering		Total
Revenues
Casino	$	15,715	$	6,852	$	5,491	$	3,648	$	—	$	31,706
Food and beverage		6,436		1,244		855		449		—		8,984
Hotel		1,530		976		187		—		—		2,693
Other operations		534		382		81		97		887		1,981
	$	24,215	$	9,454	$	6,614	$	4,194	$	887	$	45,364

Adjusted Segment EBITDA	$	3,032	$	(2,851)	$	(669)	$	(953)	$	836	$	(605)
Other operating costs and expenses:
Depreciation and amortization												(4,020)
Corporate expenses												(2,029)
Project development costs												(315)
Loss on disposal of assets, net												(439)
Stock-based compensation												(186)
Operating loss												(7,594)
Other (expense) income:
Interest expense, net												(4,938)
Adjustment to fair value of warrants												1,562
												(3,376)
Loss before income taxes												(10,970)
Income tax expense												91
Net loss											$	(11,061)