| Schedule of Selected Statement of Operations Data |
The following tables present the Company’s segment information:
|
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|
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|
(In thousands, unaudited) |
Three Months Ended
September 30, |
|
Nine Months Ended
September 30, |
|
2018 |
|
2017 |
|
2018 |
|
2017 |
Net Revenues |
|
|
|
|
|
|
|
Silver Slipper Casino and Hotel |
$ |
17,887 |
|
|
$ |
16,425 |
|
|
$ |
51,888 |
|
|
$ |
49,520 |
|
Rising Star Casino Resort |
12,228 |
|
|
12,698 |
|
|
35,983 |
|
|
37,498 |
|
Bronco Billy’s Casino and Hotel |
7,520 |
|
|
7,505 |
|
|
20,557 |
|
|
20,140 |
|
Northern Nevada Casinos |
6,393 |
|
|
7,098 |
|
|
14,758 |
|
|
16,309 |
|
|
$ |
44,028 |
|
|
$ |
43,726 |
|
|
$ |
123,186 |
|
|
$ |
123,467 |
|
Adjusted Property EBITDA |
|
|
|
|
|
|
|
Silver Slipper Casino and Hotel |
$ |
3,072 |
|
|
$ |
3,054 |
|
|
$ |
9,138 |
|
|
$ |
9,013 |
|
Rising Star Casino Resort |
831 |
|
|
728 |
|
|
2,100 |
|
|
2,671 |
|
Bronco Billy’s Casino and Hotel |
1,463 |
|
|
1,769 |
|
|
3,424 |
|
|
4,092 |
|
Northern Nevada Casinos |
2,066 |
|
|
1,892 |
|
|
2,526 |
|
|
2,391 |
|
|
7,432 |
|
|
7,443 |
|
|
17,188 |
|
|
18,167 |
|
Other operating costs and expenses: |
|
|
|
|
|
|
|
Depreciation and amortization |
(2,094 |
) |
|
(2,193 |
) |
|
(6,300 |
) |
|
(6,428 |
) |
Corporate expenses |
(960 |
) |
|
(1,064 |
) |
|
(3,311 |
) |
|
(3,518 |
) |
Preopening costs |
(140 |
) |
|
— |
|
|
(140 |
) |
|
— |
|
Project development and acquisition costs |
(390 |
) |
|
(53 |
) |
|
(557 |
) |
|
(238 |
) |
Gain (loss) on disposals |
— |
|
|
(12 |
) |
|
(79 |
) |
|
2 |
|
Share-based compensation |
(114 |
) |
|
(128 |
) |
|
(521 |
) |
|
(397 |
) |
Operating income |
3,734 |
|
|
3,993 |
|
|
6,280 |
|
|
7,588 |
|
Other (expense) income: |
|
|
|
|
|
|
|
Interest expense |
(2,513 |
) |
|
(2,718 |
) |
|
(7,519 |
) |
|
(8,102 |
) |
Loss on extinguishment of debt |
— |
|
|
— |
|
|
(2,673 |
) |
|
— |
|
Adjustment to fair value of warrants |
463 |
|
|
(302 |
) |
|
886 |
|
|
(272 |
) |
|
(2,050 |
) |
|
(3,020 |
) |
|
(9,306 |
) |
|
(8,374 |
) |
Income (loss) before income taxes |
1,684 |
|
|
973 |
|
|
(3,026 |
) |
|
(786 |
) |
Provision for income taxes |
119 |
|
|
184 |
|
|
356 |
|
|
552 |
|
Net income (loss) |
$ |
1,565 |
|
|
$ |
789 |
|
|
$ |
(3,382 |
) |
|
$ |
(1,338 |
) |
|
|
|
|
|
|
|
|
|
(In thousands) |
September 30,
2018 |
|
December 31,
2017 |
|
(Unaudited) |
|
|
Total Assets |
|
|
|
Silver Slipper Casino and Hotel |
$ |
79,358 |
|
|
$ |
80,780 |
|
Rising Star Casino Resort |
40,302 |
|
|
36,327 |
|
Bronco Billy’s Casino and Hotel |
40,893 |
|
|
35,567 |
|
Northern Nevada Casinos |
11,998 |
|
|
12,235 |
|
Corporate and Other |
9,839 |
|
|
8,576 |
|
|
$ |
182,390 |
|
|
$ |
173,485 |
|
|