| Schedule of Selected Statement of Operations Data |
The following tables present the Company’s segment information:
|
|
|
|
|
|
|
|
|
(In thousands, unaudited) |
Three Months Ended
March 31, |
|
2019 |
|
2018 |
Net Revenues |
|
|
|
Silver Slipper Casino and Hotel |
$ |
19,281 |
|
|
$ |
16,509 |
|
Rising Star Casino Resort |
10,868 |
|
|
11,227 |
|
Bronco Billy’s Casino and Hotel |
6,440 |
|
|
6,242 |
|
Northern Nevada Casinos |
3,905 |
|
|
3,953 |
|
|
$ |
40,494 |
|
|
$ |
37,931 |
|
Adjusted Property EBITDA |
|
|
|
Silver Slipper Casino and Hotel |
$ |
3,845 |
|
|
$ |
2,883 |
|
Rising Star Casino Resort |
404 |
|
|
493 |
|
Bronco Billy’s Casino and Hotel |
615 |
|
|
705 |
|
Northern Nevada Casinos |
(9 |
) |
|
(13 |
) |
|
4,855 |
|
|
4,068 |
|
Other operating costs and expenses: |
|
|
|
Depreciation and amortization |
(2,091 |
) |
|
(2,168 |
) |
Corporate expenses |
(1,278 |
) |
|
(1,078 |
) |
Project development and acquisition costs |
(133 |
) |
|
(37 |
) |
Gain (loss) on sale or disposal of assets |
1 |
|
|
(10 |
) |
Share-based compensation |
(86 |
) |
|
(232 |
) |
Operating income |
1,268 |
|
|
543 |
|
Other (expense) income: |
|
|
|
Interest expense |
(2,703 |
) |
|
(2,540 |
) |
Loss on extinguishment of debt |
— |
|
|
(2,673 |
) |
Adjustment to fair value of warrants |
(40 |
) |
|
503 |
|
|
(2,743 |
) |
|
(4,710 |
) |
Loss before income taxes |
(1,475 |
) |
|
(4,167 |
) |
Provision for income taxes |
142 |
|
|
119 |
|
Net loss |
$ |
(1,617 |
) |
|
$ |
(4,286 |
) |
|
|
|
|
|
|
|
|
|
(In thousands) |
March 31,
2019 |
|
December 31,
2018 |
|
(Unaudited) |
|
|
Total Assets |
|
|
|
Silver Slipper Casino and Hotel |
$ |
87,754 |
|
|
$ |
79,094 |
|
Rising Star Casino Resort |
39,141 |
|
|
39,722 |
|
Bronco Billy’s Casino and Hotel |
43,130 |
|
|
42,780 |
|
Northern Nevada Casinos |
18,449 |
|
|
12,395 |
|
Corporate and Other |
9,384 |
|
|
8,281 |
|
|
$ |
197,858 |
|
|
$ |
182,272 |
|
|
| Schedule of Disaggregation of Revenue |
Our revenue, disaggregated by type of revenue and segment, is as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(In thousands, unaudited) |
Three Months Ended March 31, 2019 |
|
Silver Slipper Casino and Hotel |
|
Rising Star Casino Resort |
|
Bronco Billy’s Casino and Hotel |
|
Northern Nevada Casinos |
|
Total |
Revenues |
|
|
|
|
|
|
|
|
|
Casino |
$ |
12,379 |
|
|
$ |
7,343 |
|
|
$ |
5,243 |
|
|
$ |
3,333 |
|
|
$ |
28,298 |
|
Food and beverage |
5,371 |
|
|
1,813 |
|
|
974 |
|
|
500 |
|
|
8,658 |
|
Hotel |
1,144 |
|
|
1,423 |
|
|
148 |
|
|
— |
|
|
2,715 |
|
Other operations |
387 |
|
|
289 |
|
|
75 |
|
|
72 |
|
|
823 |
|
|
$ |
19,281 |
|
|
$ |
10,868 |
|
|
$ |
6,440 |
|
|
$ |
3,905 |
|
|
$ |
40,494 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(In thousands, unaudited) |
Three Months Ended March 31, 2018 |
|
Silver Slipper Casino and Hotel |
|
Rising Star Casino Resort |
|
Bronco Billy’s Casino and Hotel |
|
Northern Nevada Casinos |
|
Total |
Revenues |
|
|
|
|
|
|
|
|
|
Casino |
$ |
11,050 |
|
|
$ |
7,525 |
|
|
$ |
4,974 |
|
|
$ |
3,421 |
|
|
$ |
26,970 |
|
Food and beverage |
4,345 |
|
|
2,057 |
|
|
1,076 |
|
|
461 |
|
|
7,939 |
|
Hotel |
776 |
|
|
1,388 |
|
|
119 |
|
|
— |
|
|
2,283 |
|
Other operations |
338 |
|
|
257 |
|
|
73 |
|
|
71 |
|
|
739 |
|
|
$ |
16,509 |
|
|
$ |
11,227 |
|
|
$ |
6,242 |
|
|
$ |
3,953 |
|
|
$ |
37,931 |
|
|