Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

v3.3.1.900
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Revenues    
Casino $ 111,920 $ 109,566
Food and beverage 25,222 20,083
Hotel 6,675 5,002
Management fees 0 1,066
Other operations 3,811 3,535
Gross revenues 147,628 139,252
Less promotional allowances (23,040) (17,831)
Net revenues 124,588 121,421
Operating expenses    
Casino 57,157 56,867
Food and beverage 8,992 8,315
Hotel 1,243 713
Other operations 1,325 1,246
Project development and acquisition costs 891 296
Board and executive transition costs 0 2,741
Selling, general and administrative 42,040 43,979
Depreciation and amortization 7,893 9,183
Loss on disposal of assets, net 3 372
Impairments 0 11,547
Total operating costs and expenses 119,544 135,259
Operating income (loss) 5,044 (13,838)
Other expense, net    
Interest expense, net of $0.4 million capitalized during 2015 and 2014 (6,715) (6,272)
Settlement loss 0 (1,700)
Other 12 (23)
Total other expense (6,703) (7,995)
Loss before income taxes (1,659) (21,833)
Income tax benefit (342) (988)
Net loss $ (1,317) $ (20,845)
Basic and diluted loss per share (in dollars per share) $ (0.07) $ (1.10)
Basic and diluted weighted average number of common shares outstanding (in shares) 18,937,812 18,874,472