Quarterly report [Sections 13 or 15(d)]

SEGMENT INFORMATION (Tables)

v3.25.2
SEGMENT INFORMATION (Tables)
6 Months Ended
Jun. 30, 2025
SEGMENT INFORMATION  
Schedule of Total Revenues By Segment

(In thousands)

Three Months Ended June 30, 2025

Contracted

Sports

Midwest & South

West

Wagering

Total

Revenues

Casino

$

46,155

$

10,828

$

$

56,983

Food and beverage

 

8,143

 

1,437

 

 

9,580

Hotel

 

1,847

 

1,873

 

 

3,720

Other operations,
including contracted sports wagering

 

1,657

 

347

 

1,659

 

3,663

Total consolidated revenues

57,802

14,485

1,659

73,946

Less:

Payroll and related costs

15,434

6,122

21,556

Cost of sales

4,135

674

4,809

Taxes(1)

10,535

1,502

13

12,050

Other segment items(2)

14,941

7,325

35

22,301

Total segment expenses

45,045

15,623

48

60,716

Adjusted Segment EBITDA

12,757

(1,138)

1,611

13,230

Other operating costs and expenses:

Depreciation and amortization

 

(10,588)

Corporate expenses

 

(2,096)

Project development costs

 

(33)

Gain on sale of Stockman’s

7

Stock-based compensation

(594)

Operating loss

 

(74)

Other expenses:

Interest expense, net

 

(10,354)

Other

(50)

(10,404)

Loss before income taxes

(10,478)

Income tax benefit

 

(95)

Net loss

$

(10,383)

__________

(1) Excludes real estate and property taxes.
(2) For each reportable segment, the “Other segment items” category includes:
Midwest & South and West Advertising and marketing, rent expense, insurance, and other miscellaneous costs.
Contracted Sports Wagering ─ Credit loss expense net of recoveries, as well as certain overhead expenses.

(In thousands)

Three Months Ended June 30, 2024

Contracted

Sports

Midwest & South

West

Wagering

Total

Revenues

Casino

$

43,051

$

11,634

$

$

54,685

Food and beverage

 

8,683

 

1,720

 

 

10,403

Hotel

 

2,126

 

1,616

 

 

3,742

Other operations,
including contracted sports wagering

 

1,598

 

181

 

2,883

 

4,662

Total consolidated revenues

55,458

15,151

2,883

73,492

Less:

Payroll and related costs

14,225

6,153

20,378

Cost of sales

4,659

943

5,602

Taxes(1)

9,799

663

13

10,475

Other segment items(2)

14,500

6,527

293

21,320

Total segment expenses

43,183

14,286

306

57,775

Adjusted Segment EBITDA

12,275

865

2,577

15,717

Other operating costs and expenses:

Depreciation and amortization

 

(10,326)

Corporate expenses

(1,576)

Project development costs

 

(3)

Preopening costs

(757)

Stock-based compensation

 

(740)

Operating income

 

2,315

Other expense:

Interest expense, net

 

(11,023)

Loss before income taxes

(8,708)

Income tax benefit

 

(79)

Net loss

$

(8,629)

__________

(1) Excludes real estate and property taxes.
(2) For each reportable segment, the “Other segment items” category includes:
Midwest & South and West Advertising and marketing, rent expense, insurance, and other miscellaneous costs.
Contracted Sports Wagering ─ Credit loss expense net of recoveries, as well as certain overhead expenses.

(In thousands)

Six Months Ended June 30, 2025

Contracted

Sports

Midwest & South

West

Wagering

Total

Revenues

Casino

$

90,199

$

22,084

$

$

112,283

Food and beverage

 

16,314

 

3,327

 

 

19,641

Hotel

 

3,548

 

4,014

 

 

7,562

Other operations,
including contracted sports wagering

 

4,915

 

664

 

3,939

 

9,518

Total consolidated revenues

114,976

30,089

3,939

149,004

Less:

Payroll and related costs

30,714

13,119

43,833

Cost of sales

8,108

1,630

9,738

Taxes(1)

20,517

3,267

25

23,809

Other segment items(2)

29,772

15,679

123

45,574

Total segment expenses

89,111

33,695

148

122,954

Adjusted Segment EBITDA

25,865

(3,606)

3,791

26,050

Other operating costs and expenses:

Depreciation and amortization

 

(21,195)

Corporate expenses

(3,429)

Project development costs

 

(174)

Loss on disposal of assets

(6)

Loss on sale of Stockman’s, net

(205)

Stock-based compensation, net

 

(377)

Operating income

 

664

Other expenses:

Interest expense, net

 

(20,651)

Other

(50)

(20,701)

Loss before income taxes

(20,037)

Income tax provision

 

111

Net loss

$

(20,148)

__________

(1) Excludes real estate and property taxes.
(2) For each reportable segment, the “Other segment items” category includes:
Midwest & South and West Advertising and marketing, rent expense, insurance, and other miscellaneous costs.
Contracted Sports Wagering ─ Credit loss expense net of recoveries, as well as certain overhead expenses.

(In thousands)

Six Months Ended June 30, 2024

Contracted

Sports

Midwest & South

West

Wagering

Total

Revenues

Casino

$

83,960

$

22,398

$

$

106,358

Food and beverage

 

17,193

 

2,979

 

 

20,172

Hotel

 

4,132

 

2,462

 

 

6,594

Other operations,
including contracted sports wagering

 

4,803

 

346

 

5,143

 

10,292

Total consolidated revenues

110,088

28,185

5,143

143,416

Less:

Payroll and related costs

28,354

11,797

40,151

Cost of sales

9,271

1,687

10,958

Taxes(1)

19,003

1,906

26

20,935

Other segment items(2)

28,502

12,064

605

41,171

Total segment expenses

85,130

27,454

631

113,215

Adjusted Segment EBITDA

24,958

731

4,512

30,201

Other operating costs and expenses:

Depreciation and amortization

(20,951)

Corporate expenses

(3,651)

Project development costs

 

(3)

Preopening costs

(2,420)

Loss on disposal of assets

(18)

Stock-based compensation

 

(1,449)

Operating income

 

1,709

Other expense:

Interest expense, net

 

(21,273)

Loss before income taxes

(19,564)

Income tax provision

 

337

Net loss

$

(19,901)

__________

(1) Excludes real estate and property taxes.
(2) For each reportable segment, the “Other segment items” category includes:
Midwest & South and West Advertising and marketing, rent expense, insurance, and other miscellaneous costs.
Contracted Sports Wagering ─ Credit loss expense net of recoveries, as well as certain overhead expenses.
Schedule of Segment Information

(In thousands)

June 30, 

December 31, 

    

2025

    

2024

Total Assets

Midwest & South

$

289,643

$

293,466

West

 

349,312

 

360,057

Contracted Sports Wagering

72

68

Corporate and Other

 

12,510

 

19,743

$

651,537

$

673,334