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