Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)

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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues        
Net revenues $ 41,393 $ 47,238 $ 127,199 $ 136,888
Operating costs and expenses        
Selling, general and administrative 15,218 14,791 44,795 43,211
Project development costs, net (149) 318 33 491
Preopening costs 2,594 17 4,914 17
Depreciation and amortization 2,386 1,819 6,012 5,448
Loss on disposal of assets, net   2 3 674
Total operating costs and expenses 38,998 36,119 111,282 104,869
Operating income 2,395 11,119 15,917 32,019
Other expense        
Interest expense, net (5,838) (6,405) (19,225) (17,531)
Loss on modification and extinguishment of debt, net (105)   (4,530) (6,104)
Adjustment to fair value of warrants     0 (1,347)
Total other expense (5,943) (6,405) (23,755) (24,982)
(Loss) income before income taxes (3,548) 4,714 (7,838) 7,037
Income tax provision (benefit) 29 95 (16) 379
Net (loss) income $ (3,577) $ 4,619 $ (7,822) $ 6,658
Basic (loss) earnings per share (in dollars per share) $ (0.10) $ 0.13 $ (0.23) $ 0.21
Diluted (loss) earnings per share (in dollars per share) $ (0.10) $ 0.13 $ (0.23) $ 0.19
Casino        
Revenues        
Net revenues $ 29,721 $ 32,506 $ 88,293 $ 99,217
Operating costs and expenses        
Costs and expenses 10,292 11,261 30,273 32,687
Food and beverage        
Revenues        
Net revenues 6,811 7,092 20,255 20,633
Operating costs and expenses        
Costs and expenses 6,814 6,199 20,134 17,487
Hotel        
Revenues        
Net revenues 2,490 2,469 7,076 7,190
Operating costs and expenses        
Costs and expenses 1,256 1,136 3,524 3,332
Other operations, including contracted sports wagering        
Revenues        
Net revenues 2,371 5,171 11,575 9,848
Operating costs and expenses        
Costs and expenses $ 587 $ 576 $ 1,594 $ 1,522