Annual report pursuant to Section 13 and 15(d)

SEGMENT REPORTING AND DISAGGREGATED REVENUE (Tables)

v3.20.1
SEGMENT REPORTING AND DISAGGREGATED REVENUE (Tables)
12 Months Ended
Dec. 31, 2019
Segment Reporting [Abstract]  
Schedule of Selected Statement of Operations Data

The following tables present the Company’s segment information:

 

 

 

 

 

 

 

(In Thousands)

 

For the Year Ended December 31, 

 

    

2019

    

2018

Net Revenues

 

 

 

 

 

 

Silver Slipper Casino and Hotel

 

$

73,201

 

$

69,350

Rising Star Casino Resort

 

 

45,620

 

 

47,966

Bronco Billy's Casino and Hotel

 

 

27,507

 

 

26,942

Northern Nevada Casinos

 

 

19,104

 

 

19,629

 

 

$

165,432

 

$

163,887

Adjusted Property EBITDA

 

 

  

 

 

  

Silver Slipper Casino and Hotel

 

$

13,159

 

$

12,126

Rising Star Casino Resort

 

 

1,330

 

 

2,806

Bronco Billy's Casino and Hotel

 

 

3,000

 

 

3,919

Northern Nevada Casinos

 

 

3,161

 

 

3,375

 

 

 

20,650

 

 

22,226

Other operating (expense) income:

 

 

  

 

 

  

Depreciation and amortization

 

 

(8,331)

 

 

(8,397)

Corporate expenses

 

 

(4,710)

 

 

(4,575)

Preopening costs

 

 

 —

 

 

(274)

Project development costs

 

 

(1,037)

 

 

(843)

Loss on disposal of assets, net

 

 

(8)

 

 

(79)

Stock-based compensation

 

 

(348)

 

 

(632)

Operating income

 

 

6,216

 

 

7,426

Other (expense) income:

 

 

  

 

 

  

Interest expense

 

 

(10,728)

 

 

(10,306)

Loss on extinguishment of debt

 

 

 —

 

 

(2,673)

Adjustment to fair value of warrants

 

 

(1,230)

 

 

1,671

Other

 

 

 —

 

 

(13)

 

 

 

(11,958)

 

 

(11,321)

Loss before income taxes

 

 

(5,742)

 

 

(3,895)

Income tax expense

 

 

80

 

 

476

Net loss

 

$

(5,822)

 

$

(4,371)

 

 

 

 

 

 

 

 

 

(In Thousands)

 

December 31,

 

    

2019

    

2018

Total Assets

 

 

 

 

 

 

Silver Slipper Casino and Hotel

 

$

87,980

 

$

79,094

Rising Star Casino Resort

 

 

40,277

 

 

39,722

Bronco Billy's Casino and Hotel

 

 

45,034

 

 

42,780

Northern Nevada Casinos

 

 

18,612

 

 

12,395

Corporate and Other

 

 

19,432

 

 

8,281

 

 

$

211,335

 

$

182,272

 

 

 

 

 

 

 

 

(In Thousands)

 

December 31, 

 

    

2019

    

2018

Property and Equipment, net

 

 

  

 

 

  

Silver Slipper Casino and Hotel

 

$

55,127

 

$

56,369

Rising Star Casino Resort

 

 

32,824

 

 

33,700

Bronco Billy's Casino and Hotel

 

 

25,164

 

 

23,354

Northern Nevada Casinos

 

 

7,297

 

 

7,434

Corporate and Other

 

 

1,075

 

 

1,219

 

 

$

121,487

 

$

122,076