| Schedule of Total Revenues By Segment |
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(In thousands) |
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Year Ended December 31, 2022 |
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Contracted |
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Sports |
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Mississippi |
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Indiana |
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Colorado |
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Nevada |
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Wagering |
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Total |
Revenues |
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Casino |
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$ |
54,167 |
|
$ |
27,514 |
|
$ |
13,636 |
|
$ |
18,559 |
|
$ |
— |
|
$ |
113,876 |
Food and beverage |
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|
19,774 |
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|
3,943 |
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|
1,734 |
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|
1,043 |
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— |
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26,494 |
Hotel |
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4,987 |
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|
3,663 |
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|
632 |
|
|
— |
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|
— |
|
|
9,282 |
Other operations,
including contracted sports wagering |
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|
1,932 |
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|
3,970 |
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|
183 |
|
|
348 |
|
|
7,196 |
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|
13,629 |
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|
$ |
80,860 |
|
$ |
39,090 |
|
$ |
16,185 |
|
$ |
19,950 |
|
$ |
7,196 |
|
$ |
163,281 |
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Adjusted Segment EBITDA |
|
$ |
19,488 |
|
$ |
6,888 |
|
$ |
(688) |
|
$ |
4,908 |
|
$ |
7,127 |
|
$ |
37,723 |
Other operating costs and expenses: |
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Depreciation and amortization |
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(7,930) |
Corporate expenses |
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(5,589) |
Project development costs, net |
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(228) |
Preopening costs |
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(9,558) |
Loss on disposal of assets, net |
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(42) |
Stock-based compensation |
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(1,693) |
Operating income |
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12,683 |
Other expenses: |
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Interest expense, net |
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(22,988) |
Loss on modification of debt |
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(4,530) |
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(27,518) |
Loss before income taxes |
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(14,835) |
Income tax benefit |
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(31) |
Net loss |
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$ |
(14,804) |
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(In thousands) |
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Year Ended December 31, 2021 |
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Contracted |
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Sports |
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Mississippi |
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Indiana |
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Colorado |
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Nevada |
|
Wagering |
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Total |
Revenues |
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Casino |
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$ |
63,318 |
|
$ |
29,762 |
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$ |
20,342 |
|
$ |
17,009 |
|
$ |
— |
|
$ |
130,431 |
Food and beverage |
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|
20,296 |
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|
3,522 |
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|
2,362 |
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|
1,167 |
|
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— |
|
|
27,347 |
Hotel |
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|
4,930 |
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|
4,057 |
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|
637 |
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— |
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— |
|
|
9,624 |
Other operations,
including contracted sports wagering |
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|
2,084 |
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|
4,094 |
|
|
319 |
|
|
340 |
|
|
5,920 |
|
|
12,757 |
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|
$ |
90,628 |
|
$ |
41,435 |
|
$ |
23,660 |
|
$ |
18,516 |
|
$ |
5,920 |
|
$ |
180,159 |
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Adjusted Segment EBITDA |
|
$ |
29,843 |
|
$ |
8,736 |
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$ |
5,545 |
|
$ |
4,933 |
|
$ |
5,890 |
|
$ |
54,947 |
Other operating costs and expenses: |
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Depreciation and amortization |
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(7,219) |
Corporate expenses |
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(7,733) |
Project development costs |
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(782) |
Preopening costs |
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(17) |
Loss on disposal of assets, net |
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(676) |
Stock-based compensation |
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(966) |
Operating income |
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37,554 |
Other expenses: |
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Interest expense, net |
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(23,657) |
Loss on extinguishment of debt, net |
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(409) |
Adjustment to fair value of warrants |
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(1,347) |
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(25,413) |
Income before income taxes |
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|
12,141 |
Income tax expense |
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|
435 |
Net income |
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$ |
11,706 |
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(In thousands) |
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December 31, |
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2022 |
|
2021 |
Total Assets |
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|
Mississippi |
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$ |
83,670 |
|
$ |
85,838 |
Indiana |
|
|
33,199 |
|
|
34,857 |
Colorado |
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|
339,944 |
|
|
258,436 |
Nevada |
|
|
11,125 |
|
|
13,091 |
Contracted Sports Wagering |
|
|
1,658 |
|
|
2,168 |
Corporate and Other(1) |
|
|
125,733 |
|
|
79,452 |
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|
$ |
595,329 |
|
$ |
473,842 |
__________
(1)Includes $77.2 million related to American Place in 2022, which subsequently opened in February 2023 (see Note 12).
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(In thousands) |
|
December 31, |
|
|
2022 |
|
2021 |
Property and Equipment, net |
|
|
|
|
|
|
Mississippi |
|
$ |
50,401 |
|
$ |
52,382 |
Indiana |
|
|
27,437 |
|
|
28,705 |
Colorado |
|
|
182,142 |
|
|
61,572 |
Nevada |
|
|
6,307 |
|
|
6,105 |
Contracted Sports Wagering |
|
|
— |
|
|
— |
Corporate and Other(1) |
|
|
72,770 |
|
|
776 |
|
|
$ |
339,057 |
|
$ |
149,540 |
__________
(1)Includes $72.4 million related to American Place in 2022, which subsequently opened in February 2023 (see Note 12).
|