Quarterly report pursuant to Section 13 or 15(d)

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.24.3
BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)
9 Months Ended
Sep. 30, 2024
BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES  
Schedule of Accounts receivable

(In thousands)

September 30, 

December 31, 

2024

    

2023

Casino

$

628

$

343

Trade Accounts

3,326

3,479

Other Operations, excluding Contracted Sports Wagering

196

185

Contracted Sports Wagering1

185

1,932

Other

1,665

582

6,000

6,521

Less: Provision for credit losses

(153)

(1,189)

$

5,847

$

5,332

__________

(1) Starting in July 2024, annual prepayments of contracted revenue are now required in all of the Company’s active sports wagering contracts.
Credit losses recognized for accounts receivable

(In thousands)

2024

    

2023

Balance at January 1

$

1,189

$

249

Current period provision for (recovery of) credit losses

215

(13)

Write-offs

(1,251)

Balance at September 30

$

153

$

236

Schedule of other indefinite-lived intangible assets

(In thousands)

September 30, 

December 31, 

    

2024

    

2023

Minimum IGB Reconciliation Fee*

$

42,574

$

22,092

Less: Amount representing interest

(11,675)

(7,187)

Minimum present value of IGB Reconciliation Fee

$

30,899

$

14,905

__________

* Calculated based upon gaming revenues generated through September 2024. This one-time fee will be paid in six annual installments beginning in February 2026.
Schedule of Deferred revenues

(In thousands)

September 30, 

December 31, 

    

Balance Sheet Location

2024

    

2023

Deferred revenue, current

Other accrued expenses and current liabilities

$

2,250

$

6,175

Deferred revenue, net of current portion

Contract liabilities, net of current portion

4,756

6,192

$

7,006

$

12,367