BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
|
12 Months Ended |
Dec. 31, 2025 |
| BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES |
|
| Schedule of accounts receivable |
|
|
|
|
|
|
|
(In thousands) |
|
December 31, |
|
|
2025 |
|
2024 |
Casino |
|
$ |
313 |
|
$ |
653 |
Hotel |
|
|
167 |
|
|
13 |
Other Operations(1) |
|
|
2,622 |
|
|
3,042 |
Contracted Sports Wagering |
|
|
168 |
|
|
1,017 |
Other |
|
|
499 |
|
|
514 |
|
|
|
3,769 |
|
|
5,239 |
Less: Provision for credit losses |
|
|
(103) |
|
|
(138) |
|
|
$ |
3,666 |
|
$ |
5,101 |
__________
| (1) |
Primarily consists of ATM receivables.
|
|
| Schedule of credit losses recognized for accounts receivable |
|
|
|
|
|
|
|
(In thousands) |
|
|
|
|
|
|
|
|
2025 |
|
2024 |
Balance at January 1 |
|
$ |
138 |
|
$ |
1,189 |
Current period provision for credit losses |
|
|
42 |
|
|
212 |
Write-offs |
|
|
(77) |
|
|
(1,263) |
Balance at December 31 |
|
$ |
103 |
|
$ |
138 |
|
| Schedule of estimated useful lives |
|
|
|
|
|
Estimated |
Class of Assets |
|
Useful Lives |
Land improvements |
|
10 to 18 years |
Buildings and improvements |
|
3 to 44 years |
Furniture, fixtures and equipment |
|
2 to 10 years |
|
| Schedule of deferred revenues |
|
|
|
|
|
|
|
|
|
(In thousands) |
|
|
|
December 31, |
|
|
Balance Sheet Location |
|
2025 |
|
2024 |
Deferred revenue, current |
|
Other accrued liabilities |
|
$ |
5,792 |
|
$ |
5,854 |
Deferred revenue, net of current portion |
|
Contract liabilities, net of current portion |
|
|
4,203 |
|
|
4,550 |
|
|
|
|
$ |
9,995 |
|
$ |
10,404 |
|
| Schedule of activity related to short-term and long-term contract and contract related liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Outstanding |
|
Players |
|
Contracted |
|
Progressive |
(In thousands) |
|
Chip Liability |
|
Club Points |
|
Sports Wagering(1) |
|
Jackpots and Other |
|
|
2025 |
|
2024 |
|
2025 |
|
2024 |
|
2025 |
|
2024 |
|
2025 |
|
2024 |
Balance at January 1 |
|
$ |
683 |
|
$ |
527 |
|
$ |
930 |
|
$ |
765 |
|
$ |
10,404 |
|
$ |
12,367 |
|
$ |
5,767 |
|
$ |
4,477 |
Balance at December 31 |
|
|
682 |
|
|
683 |
|
|
999 |
|
|
930 |
|
|
9,995 |
|
|
10,404 |
|
|
5,686 |
|
|
5,767 |
Increase (Decrease) |
|
$ |
(1) |
|
$ |
156 |
|
$ |
69 |
|
$ |
165 |
|
$ |
(409) |
|
$ |
(1,963) |
|
$ |
(81) |
|
$ |
1,290 |
__________
| (1) |
There were two active skins at December 31, 2025, compared to three active skins at December 31, 2024.
|
|
| Schedule of earnings (loss) per share, basic and diluted |
|
|
|
|
|
|
|
(In thousands) |
|
Year Ended |
|
|
December 31, |
|
|
2025 |
|
2024 |
Numerator: |
|
|
|
|
|
|
Net loss ─ basic |
|
$ |
(40,197) |
|
$ |
(40,672) |
Net loss ─ diluted |
|
$ |
(40,197) |
|
$ |
(40,672) |
|
|
|
|
|
|
|
Denominator: |
|
|
|
|
|
|
Weighted-average common shares ─ basic |
|
|
36,031 |
|
|
34,965 |
Potential dilution from share-based awards |
|
|
— |
|
|
— |
Weighted-average common and common share equivalents ─ diluted |
|
|
36,031 |
|
|
34,965 |
Anti-dilutive share-based awards excluded from the calculation of diluted loss per share |
|
|
3,301 |
|
|
3,876 |
|