| Schedule of Selected Statement of Operations Data |
The following tables present the Company's segment information:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(In thousands, unaudited) |
|
|
|
|
|
|
|
|
For the
Three Months Ended,
|
|
For the
Six Months Ended,
|
|
June 30,
2017 |
|
June 30,
2016 |
|
June 30,
2017 |
|
June 30,
2016 |
Net Revenues |
|
|
|
|
|
|
|
Silver Slipper Casino and Hotel |
$ |
16,437 |
|
|
$ |
14,494 |
|
|
$ |
33,095 |
|
|
$ |
29,339 |
|
Rising Star Casino Resort |
12,595 |
|
|
12,053 |
|
|
24,800 |
|
|
24,299 |
|
Bronco Billy's Hotel and Casino |
6,773 |
|
|
3,334 |
|
|
12,635 |
|
|
3,334 |
|
Northern Nevada Casinos |
4,316 |
|
|
4,678 |
|
|
9,211 |
|
|
9,571 |
|
|
$ |
40,121 |
|
|
$ |
34,559 |
|
|
$ |
79,741 |
|
|
$ |
66,543 |
|
|
|
|
|
|
|
|
|
Adjusted Property EBITDA (1) |
|
|
|
|
|
|
|
Silver Slipper Casino and Hotel |
$ |
2,907 |
|
|
$ |
2,369 |
|
|
$ |
5,959 |
|
|
$ |
5,030 |
|
Rising Star Casino Resort |
637 |
|
|
432 |
|
|
1,956 |
|
|
1,733 |
|
Bronco Billy's Hotel and Casino |
1,477 |
|
|
1,088 |
|
|
2,323 |
|
|
1,088 |
|
Northern Nevada Casinos |
(53 |
) |
|
624 |
|
|
499 |
|
|
1,390 |
|
|
4,968 |
|
|
4,513 |
|
|
10,737 |
|
|
9,241 |
|
|
|
|
|
|
|
|
|
Other operating (expenses) income: |
|
|
|
|
|
|
|
Depreciation and amortization |
(2,138 |
) |
|
(1,899 |
) |
|
(4,235 |
) |
|
(3,591 |
) |
Corporate expenses |
(1,280 |
) |
|
(1,113 |
) |
|
(2,454 |
) |
|
(2,275 |
) |
Project development and acquisition costs |
(53 |
) |
|
(485 |
) |
|
(185 |
) |
|
(772 |
) |
Gain on disposals, net |
14 |
|
|
— |
|
|
1 |
|
|
— |
|
Share-based compensation |
(176 |
) |
|
(164 |
) |
|
(269 |
) |
|
(220 |
) |
Operating income |
1,335 |
|
|
852 |
|
|
3,595 |
|
|
2,383 |
|
Other (expense) income: |
|
|
|
|
|
|
|
Interest expense |
(2,707 |
) |
|
(2,230 |
) |
|
(5,386 |
) |
|
(3,992 |
) |
Debt modification costs |
— |
|
|
(601 |
) |
|
— |
|
|
(601 |
) |
Adjustment to fair value of warrants and other |
32 |
|
|
(241 |
) |
|
32 |
|
|
(241 |
) |
|
(2,675 |
) |
|
(3,072 |
) |
|
(5,354 |
) |
|
(4,834 |
) |
Loss before income taxes |
(1,340 |
) |
|
(2,220 |
) |
|
(1,759 |
) |
|
(2,451 |
) |
Provision for income taxes |
184 |
|
|
180 |
|
|
368 |
|
|
280 |
|
Net loss |
$ |
(1,524 |
) |
|
$ |
(2,400 |
) |
|
$ |
(2,127 |
) |
|
$ |
(2,731 |
) |
(1) Please refer to Item 2 - "Management's Discussion and Analysis of Financial Condition and Results of Operations" - "Non-GAAP Financial Measures" for a reconciliation of Adjusted Property EBITDA to its most directly comparable financial measure calculated and presented in accordance with GAAP.
|
|
|
|
|
|
|
|
|
(In thousands) |
|
|
|
|
June 30,
2017 |
|
December 31,
2016 |
|
(unaudited) |
|
|
Total Assets |
|
|
|
Silver Slipper Casino and Hotel |
$ |
79,918 |
|
|
$ |
79,975 |
|
Rising Star Casino Resort |
37,209 |
|
|
36,444 |
|
Bronco Billy's Hotel and Casino |
36,522 |
|
|
36,732 |
|
Northern Nevada Casinos |
13,423 |
|
|
12,722 |
|
Corporate and Other |
8,570 |
|
|
11,333 |
|
|
$ |
175,642 |
|
|
$ |
177,206 |
|
|