| Schedule of selected statement of operations and balance sheet data |
The following tables reflect selected operating information for our reporting segments for the year ended December 31, 2016 and 2015 and include a reconciliation of Adjusted Property EBITDA to operating income (loss) and net income (loss):
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For the year ended December 31, 2016 |
(In thousands) |
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Silver Slipper
Casino & Hotel
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Bronco Billy's Casino & Hotel |
|
Rising Star
Casino Resort
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Northern Nevada |
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Corporate |
|
Consolidated |
Revenues, net |
$ |
59,093 |
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|
$ |
16,220 |
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|
$ |
49,472 |
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|
$ |
21,207 |
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|
$ |
— |
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|
$ |
145,992 |
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|
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Adjusted Property EBITDA |
$ |
9,994 |
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|
$ |
3,423 |
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|
$ |
2,931 |
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|
$ |
3,941 |
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|
$ |
— |
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$ |
20,289 |
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Other operating costs and expenses: |
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Depreciation and amortization |
3,308 |
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|
1,215 |
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|
2,645 |
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|
746 |
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|
14 |
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|
7,928 |
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Loss on asset disposals, net |
32 |
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|
8 |
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|
9 |
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|
295 |
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— |
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|
344 |
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Corporate expenses |
— |
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— |
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— |
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— |
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|
4,105 |
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|
4,105 |
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Project development and acquisition costs |
— |
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— |
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|
— |
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— |
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|
1,314 |
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|
1,314 |
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Stock compensation |
— |
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|
— |
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— |
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— |
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|
409 |
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|
409 |
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Operating income (loss) |
6,654 |
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|
2,200 |
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|
277 |
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|
2,900 |
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(5,842 |
) |
|
6,189 |
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Non-operating expense (income): |
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Interest expense |
18 |
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— |
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|
208 |
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— |
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|
9,260 |
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|
9,486 |
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Debt modification costs |
— |
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— |
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— |
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— |
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|
624 |
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|
624 |
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Adjustment to fair value of warrants and other |
— |
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— |
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— |
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— |
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|
543 |
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|
543 |
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Non-operating expense |
18 |
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— |
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|
208 |
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— |
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|
10,427 |
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|
10,653 |
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Income (loss) before income taxes |
6,636 |
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|
2,200 |
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|
69 |
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|
2,900 |
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(16,269 |
) |
|
(4,464 |
) |
Provision for income taxes |
402 |
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|
209 |
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— |
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— |
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|
19 |
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|
630 |
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Net income (loss) |
$ |
6,234 |
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$ |
1,991 |
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$ |
69 |
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$ |
2,900 |
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|
$ |
(16,288 |
) |
|
$ |
(5,094 |
) |
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For the year ended December 31, 2015 |
(In thousands) |
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Silver Slipper
Casino & Hotel
|
|
Bronco Billy's Casino & Hotel |
|
Rising Star
Casino Resort
|
|
Northern Nevada |
|
Corporate |
|
Consolidated |
Revenues, net |
$ |
56,836 |
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|
$ |
— |
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$ |
47,557 |
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$ |
20,038 |
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$ |
— |
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$ |
124,431 |
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Adjusted Property EBITDA |
$ |
9,925 |
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$ |
— |
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$ |
4,005 |
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$ |
3,877 |
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$ |
— |
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$ |
17,807 |
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Other operating costs and expenses: |
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Depreciation and amortization |
4,383 |
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— |
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|
2,714 |
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|
781 |
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|
15 |
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|
7,893 |
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Write-offs, recoveries and asset disposals |
3 |
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— |
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— |
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|
80 |
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(446 |
) |
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(363 |
) |
Pre-opening costs |
156 |
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— |
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— |
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— |
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— |
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|
156 |
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Corporate expenses |
— |
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— |
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— |
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— |
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|
3,843 |
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|
3,843 |
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Project development and acquisition costs |
— |
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|
— |
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— |
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— |
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|
891 |
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|
891 |
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Stock compensation |
— |
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— |
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— |
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— |
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|
343 |
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|
343 |
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Operating income (loss) |
5,383 |
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|
— |
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|
1,291 |
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|
3,016 |
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(4,646 |
) |
|
5,044 |
|
Non-operating expense (income): |
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Interest expense |
18 |
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— |
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|
179 |
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— |
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|
6,518 |
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|
6,715 |
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Other |
— |
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— |
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(11 |
) |
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— |
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(1 |
) |
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(12 |
) |
Non-operating expense |
18 |
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— |
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|
168 |
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— |
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|
6,517 |
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|
6,703 |
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Income (loss) before income taxes |
5,365 |
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— |
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|
1,123 |
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|
3,016 |
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(11,163 |
) |
|
(1,659 |
) |
Provision (benefit) for income taxes |
307 |
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|
— |
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|
(343 |
) |
|
(168 |
) |
|
(138 |
) |
|
(342 |
) |
Net income (loss) |
$ |
5,058 |
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$ |
— |
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$ |
1,466 |
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$ |
3,184 |
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|
$ |
(11,025 |
) |
|
$ |
(1,317 |
) |
Selected balance sheet data as of December 31, 2016 and 2015 is as follows:
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At December 31, 2016 (In thousands) |
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|
Silver Slipper Casino and Hotel |
|
Bronco Billy's Casino and Hotel |
|
Rising Star
Casino
Resort
|
|
Northern Nevada |
|
Corporate |
|
Consolidated
|
Total assets |
$ |
79,975 |
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|
$ |
36,732 |
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$ |
36,444 |
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$ |
12,722 |
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$ |
11,375 |
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$ |
177,248 |
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Property and equipment, net |
58,856 |
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|
16,020 |
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|
29,819 |
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|
6,202 |
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|
568 |
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|
111,465 |
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Goodwill |
14,671 |
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|
4,806 |
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|
— |
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|
1,809 |
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|
— |
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|
21,286 |
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At December 31, 2015 (In thousands) |
|
|
|
|
|
|
|
|
Silver Slipper Casino and Hotel |
|
Bronco Billy's Casino and Hotel |
|
Rising Star
Casino
Resort
|
|
Northern Nevada |
|
Corporate |
|
Consolidated
|
Total assets |
$ |
82,621 |
|
|
$ |
— |
|
|
$ |
37,141 |
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$ |
12,105 |
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|
$ |
9,600 |
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$ |
141,467 |
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Property and equipment, net |
61,150 |
|
|
— |
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|
31,391 |
|
|
6,098 |
|
|
343 |
|
|
98,982 |
|
Goodwill |
14,671 |
|
|
— |
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|
— |
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|
1,809 |
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|
— |
|
|
16,480 |
|
|