Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)

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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Revenues    
Net revenues $ 163,281 $ 180,159
Operating costs and expenses    
Selling, general and administrative 59,706 59,965
Project development costs, net 228 782
Preopening costs 9,558 17
Depreciation and amortization 7,930 7,219
Loss on disposal of assets, net 42 676
Total operating costs and expenses 150,598 142,605
Operating income 12,683 37,554
Other expense    
Interest expense, net (22,988) (23,657)
Loss on modification and extinguishment of debt, net (4,530) (409)
Adjustment to fair value of warrants   (1,347)
Total other expense (27,518) (25,413)
(Loss) income before income taxes (14,835) 12,141
Income tax (benefit) expense (31) 435
Net (loss) income $ (14,804) $ 11,706
Basic (loss) earnings per share (in dollars per share) $ (0.43) $ 0.36
Diluted (loss) earnings per share (in dollars per share) $ (0.43) $ 0.33
Basic weighted average number of common shares outstanding (in shares) 34,354,847 32,516,758
Diluted weighted average number of common shares outstanding (in shares) 34,354,847 34,945,951
Casino    
Revenues    
Net revenues $ 113,876 $ 130,431
Operating costs and expenses    
Costs and expenses 39,788 43,765
Food and beverage    
Revenues    
Net revenues 26,494 27,347
Operating costs and expenses    
Costs and expenses 26,372 23,757
Hotel    
Revenues    
Net revenues 9,282 9,624
Operating costs and expenses    
Costs and expenses 4,806 4,444
Other operations, including contracted sports wagering    
Revenues    
Net revenues 13,629 12,757
Operating costs and expenses    
Costs and expenses $ 2,168 $ 1,980