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, 2016
Dec. 31, 2015
Revenues    
Casino $ 131,584 $ 111,763
Food and beverage 28,797 25,222
Hotel 8,637 6,675
Other operations 4,394 3,811
Gross revenues 173,412 147,471
Less promotional allowances (27,420) (23,040)
Net revenues 145,992 124,431
Operating expenses    
Casino 68,127 57,157
Food and beverage 9,804 8,992
Hotel 969 1,243
Other operations 1,561 1,325
Project development and acquisition costs 1,314 891
Selling, general and administrative 49,756 41,883
Depreciation and amortization 7,928 7,893
Loss on disposal of assets, net 344 3
Total operating costs and expenses 139,803 119,387
Operating income 6,189 5,044
Other expense, net    
Interest expense, net of amounts capitalized of $0.4 million in 2015 (9,486) (6,715)
Debt modification costs (624) 0
Adjustment to fair value of stock warrants and other (543) 12
Non-operating expense (10,653) (6,703)
Income (loss) before income taxes (4,464) (1,659)
Income tax expense (benefit) 630 (342)
Net Income (loss) $ (5,094) $ (1,317)
Basic and diluted loss per share (in dollars per share) $ (0.26) $ (0.07)
Basic and diluted weighted average number of common shares outstanding (in shares) 19,601,842 19,607,937