| Schedule of Selected Statement of Operations Data |
The following tables present the Company’s segment information:
|
|
|
|
|
|
|
|
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|
|
|
(In thousands, unaudited) |
Three Months Ended
June 30, |
|
Six Months Ended
June 30, |
|
2018 |
|
2017 |
|
2018 |
|
2017 |
Net Revenues |
|
|
|
|
|
|
|
Silver Slipper Casino and Hotel |
$ |
17,492 |
|
|
$ |
16,437 |
|
|
$ |
34,001 |
|
|
$ |
33,095 |
|
Rising Star Casino Resort |
12,528 |
|
|
12,595 |
|
|
23,755 |
|
|
24,800 |
|
Bronco Billy’s Casino and Hotel |
6,795 |
|
|
6,773 |
|
|
13,037 |
|
|
12,635 |
|
Northern Nevada Casinos |
4,412 |
|
|
4,316 |
|
|
8,365 |
|
|
9,211 |
|
|
$ |
41,227 |
|
|
$ |
40,121 |
|
|
$ |
79,158 |
|
|
$ |
79,741 |
|
Adjusted Property EBITDA |
|
|
|
|
|
|
|
Silver Slipper Casino and Hotel |
$ |
3,183 |
|
|
$ |
2,907 |
|
|
$ |
6,066 |
|
|
$ |
5,959 |
|
Rising Star Casino Resort |
776 |
|
|
637 |
|
|
1,269 |
|
|
1,956 |
|
Bronco Billy’s Casino and Hotel |
1,256 |
|
|
1,477 |
|
|
1,961 |
|
|
2,323 |
|
Northern Nevada Casinos |
473 |
|
|
(53 |
) |
|
460 |
|
|
499 |
|
|
5,688 |
|
|
4,968 |
|
|
9,756 |
|
|
10,737 |
|
Other operating costs and expenses: |
|
|
|
|
|
|
|
Depreciation and amortization |
(2,038 |
) |
|
(2,138 |
) |
|
(4,206 |
) |
|
(4,235 |
) |
Corporate expenses |
(1,273 |
) |
|
(1,280 |
) |
|
(2,351 |
) |
|
(2,454 |
) |
Project development and acquisition costs |
(130 |
) |
|
(53 |
) |
|
(167 |
) |
|
(185 |
) |
(Loss) gain on disposals |
(69 |
) |
|
14 |
|
|
(79 |
) |
|
1 |
|
Share-based compensation |
(175 |
) |
|
(176 |
) |
|
(407 |
) |
|
(269 |
) |
Operating income |
2,003 |
|
|
1,335 |
|
|
2,546 |
|
|
3,595 |
|
Other (expense) income: |
|
|
|
|
|
|
|
Interest expense |
(2,466 |
) |
|
(2,705 |
) |
|
(5,006 |
) |
|
(5,384 |
) |
Loss on extinguishment of debt |
— |
|
|
— |
|
|
(2,673 |
) |
|
— |
|
Adjustment to fair value of warrants |
(80 |
) |
|
30 |
|
|
423 |
|
|
30 |
|
|
(2,546 |
) |
|
(2,675 |
) |
|
(7,256 |
) |
|
(5,354 |
) |
Loss before income taxes |
(543 |
) |
|
(1,340 |
) |
|
(4,710 |
) |
|
(1,759 |
) |
Provision for income taxes |
118 |
|
|
184 |
|
|
237 |
|
|
368 |
|
Net loss |
$ |
(661 |
) |
|
$ |
(1,524 |
) |
|
$ |
(4,947 |
) |
|
$ |
(2,127 |
) |
|
|
|
|
|
|
|
|
|
(In thousands) |
June 30,
2018 |
|
December 31,
2017 |
|
(Unaudited) |
|
|
Total Assets |
|
|
|
Silver Slipper Casino and Hotel |
$ |
79,729 |
|
|
$ |
80,780 |
|
Rising Star Casino Resort |
37,672 |
|
|
36,327 |
|
Bronco Billy’s Casino and Hotel |
38,241 |
|
|
35,567 |
|
Northern Nevada Casinos |
11,707 |
|
|
12,235 |
|
Corporate and Other |
14,006 |
|
|
8,576 |
|
|
$ |
181,355 |
|
|
$ |
173,485 |
|
|