| SEGMENT REPORTING |
14. SEGMENT REPORTING
The following tables reflect selected information for our reporting segments for the twelve months ended December 31, 2012 and 2011. The casino operation segments include the Silver Slipper’s operation in Bay St. Louis, Mississippi, Rising Star’s operation in Rising Sun, Indiana, the Grand Lodge’s operation in Lake Tahoe, Nevada and Stockman’s operation in Fallon, Nevada. We have included regional information for segment reporting and aggregated casino operations in the same region. The development / management segment includes costs associated with casino development and management projects, including the management agreement with the Pueblo of Pojoaque to advise on the operations of the Buffalo Thunder in Santa Fe, New Mexico, and the Michigan and Delaware joint ventures. The Corporate segment includes our general and administrative expenses.
Selected statement of operations data as of and for 2012 and 2011 is as follows (in thousands):
|
2012
|
|
Casino Operations
|
|
|
|
|
|
|
|
|
|
|
| |
|
Nevada
|
|
|
Midwest
|
|
|
Gulf Coast
|
|
|
Development/
Management
|
|
|
Corporate
|
|
|
Consolidated
|
|
|
Revenues
|
|
$ |
22,313 |
|
|
$ |
86,291 |
|
|
$ |
12,861 |
|
|
$ |
7,295 |
|
|
$ |
-- |
|
|
$ |
128,760 |
|
|
Selling, general and administrative expense
|
|
|
6,292 |
|
|
|
19,398 |
|
|
|
4,670 |
|
|
|
136 |
|
|
|
6,507 |
|
|
|
37,003 |
|
|
Depreciation and amortization
|
|
|
909 |
|
|
|
4,163 |
|
|
|
1,211 |
|
|
|
592 |
|
|
|
9 |
|
|
|
6,884 |
|
|
Operating gains (losses)
|
|
|
-- |
|
|
|
-- |
|
|
|
-- |
|
|
|
41,189 |
|
|
|
-- |
|
|
|
41,189 |
|
|
Operating income (loss)
|
|
|
3,851 |
|
|
|
5,746 |
|
|
|
663 |
|
|
|
46,196 |
|
|
|
(6,818 |
) |
|
|
49,638 |
|
|
Income (loss) attributable to Company
|
|
|
2,539 |
|
|
|
2,158 |
|
|
|
456 |
|
|
|
30,108 |
|
|
|
(7,427 |
) |
|
|
27,834 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2011
|
|
Casino Operations
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Nevada
|
|
|
Midwest
|
|
|
Gulf Coast
|
|
|
Development/
Management
|
|
|
Corporate
|
|
|
Consolidated
|
|
|
Revenues
|
|
$ |
12,313 |
|
|
$ |
68,957 |
|
|
$ |
-- |
|
|
$ |
24,186 |
|
|
$ |
5 |
|
|
$ |
105,461 |
|
|
Selling, general and administrative expense
|
|
|
3,541 |
|
|
|
16,378 |
|
|
|
-- |
|
|
|
610 |
|
|
|
4,900 |
|
|
|
25,429 |
|
|
Depreciation and amortization
|
|
|
1,051 |
|
|
|
3,550 |
|
|
|
-- |
|
|
|
2,372 |
|
|
|
28 |
|
|
|
7,001 |
|
|
Operating gains (losses)*
|
|
|
(4,500 |
) |
|
|
-- |
|
|
|
-- |
|
|
|
2,878 |
|
|
|
-- |
|
|
|
(1,622 |
) |
|
Operating income (loss)
|
|
|
(3,433 |
) |
|
|
4,240 |
|
|
|
-- |
|
|
|
23,556 |
|
|
|
(5,190 |
) |
|
|
19,173 |
|
|
Income (loss) attributable to Company
|
|
|
(2,266 |
) |
|
|
1,250 |
|
|
|
-- |
|
|
|
9,079 |
|
|
|
(5,720 |
) |
|
|
2,343 |
|
|
*Operating gains (losses) include impairment losses.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Selected balance sheet data as of December 31, 2012 and 2011 is as follows (in thousands):
| |
|
Casino Operations
|
|
|
|
|
|
|
|
|
|
|
|
2012
|
|
Nevada
|
|
|
Midwest
|
|
|
Gulf Coast
|
|
|
Development/
Management
|
|
|
Corporate
|
|
|
Consolidated
|
|
|
Total assets
|
|
$ |
16,964 |
|
|
$ |
51,054 |
|
|
$ |
72,911 |
|
|
$ |
96 |
|
|
$ |
21,700 |
|
|
$ |
162,725 |
|
|
Property and equipment, net
|
|
|
6,988 |
|
|
|
29,632 |
|
|
|
47,024 |
|
|
|
-- |
|
|
|
29 |
|
|
|
83,673 |
|
|
Goodwill
|
|
|
5,809 |
|
|
|
1,647 |
|
|
|
14,671 |
|
|
|
-- |
|
|
|
-- |
|
|
|
22,127 |
|
|
Liabilities
|
|
|
2,281 |
|
|
|
5,817 |
|
|
|
3,020 |
|
|
|
-- |
|
|
|
70,474 |
|
|
|
81,592 |
|
| |
|
Casino Operations
|
|
|
|
|
|
|
|
|
|
|
|
2011
|
|
Nevada
|
|
|
Midwest
|
|
|
Gulf Coast
|
|
|
Development/
Management
|
|
|
Corporate
|
|
|
Consolidated
|
|
|
Total assets
|
|
$ |
18,489 |
|
|
$ |
54,923 |
|
|
$ |
-- |
|
|
$ |
13,193 |
|
|
$ |
8,013 |
|
|
$ |
94,618 |
|
|
Property and equipment, net
|
|
|
7,351 |
|
|
|
31,296 |
|
|
|
-- |
|
|
|
-- |
|
|
|
21 |
|
|
|
38,668 |
|
|
Goodwill
|
|
|
5,809 |
|
|
|
1,647 |
|
|
|
-- |
|
|
|
-- |
|
|
|
-- |
|
|
|
7,456 |
|
|
Liabilities
|
|
|
4,604 |
|
|
|
9,649 |
|
|
|
-- |
|
|
|
103 |
|
|
|
24,817 |
|
|
|
39,173 |
|
|