Quarterly report pursuant to Section 13 or 15(d)

SEGMENT REPORTING

v2.4.0.8
SEGMENT REPORTING
 6 Months Ended
Jun. 30, 2013
Segment Reporting [Abstract]  
SEGMENT REPORTING
9.           SEGMENT REPORTING
 
The following tables reflect selected information for our reporting segments for the three and six months ended June 30, 2013 and 2012. 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, until March 30, 2012, GEM. The Corporate segment includes our general and administrative expenses.
 
 Selected statement of operations data for the three months ended June 30 (in thousands):
                                     
2013
                                    
                         
   
Casino Operations
                    
   
 
Nevada
    
 
Midwest
    
 
Gulf
Coast
    
Development/
Management
    
Corporate
    
Consolidated
  
                                     
Revenues
   $ 5,203     $ 17,798     $ 13,370     $ 333     $ --     $ 36,704  
Selling, general and administrative expense
     1,513       4,369       4,689       --       1,535       12,106  
Depreciation and amortization
     177       726       1,292       --       3      

2,198

  
Operating income (loss)
     948       1,044       1,235       336       (1,537 )     2,026  
Net income (loss) attributable to the Company
     626       672       800       116       (2,256 )     (42 )
 
 
                                       
2012
                                    
   
 
Casino Operations
                    
   
 
Nevada
    
 
Midwest
    
 
Gulf
Coast
    
Development/ 
Management
    
Corporate
    
Consolidated
  
                                     
Revenues
   $ 5,179     $ 22,261     $ --     $ 400     $ --     $ 27,840  
Selling, general and administrative expense
     1,570       4,645       --       --       1,497       7,712  
Depreciation and amortization
     247       1,274       --       --       2       1,523  
Operating gains
     --       --       --       438       --       438  
Operating income (loss)
     723       1,536       --       749       (1,585 )     1,423  
Net income (loss) attributable to the Company
     476       1,450       --       (150 )     (1,044 )     732  
 
 
Selected statement of operations data for the six months ended June 30 (in thousands):
 
                                                 
2013
                                    
   
 
Casino Operations
                    
   
 
Nevada
    
 
Midwest
    
 
Gulf
Coast
    
Development/ 
Management
    
Corporate
    
Consolidated
  
                                     
Revenues
   $ 10,528     $ 37,412     $ 27,080     $ 810     $ --     $ 75,830  
Selling, general and administrative expense
     2,997       8,774       9,295       --       3,274       24,340  
Depreciation and amortization
     357       1,473       2,573       --       5      

4,408

  
Operating income (loss)
     1,908       2,999       2,737       771       (3,278 )     5,137  
Net income (loss) attributable to the Company
     1,260       1,637       1,790       497       (4,650 )     534  
                                                 
                                                 
2012
                                    
   
 
Casino Operations
                    
   
 
Nevada
    
 
Midwest
    
 
Gulf
Coast
    
Development/ 
Management
    
Corporate
    
Consolidated
  
                                     
Revenues
   $ 10,065     $ 44,892     $ --     $ 6,209     $ --     $ 61,166  
Selling, general and administrative expense
     3,137       9,662       --       136       3,338       16,273  
Depreciation and amortization
     488       2,302       --       593       5       3,388  
Operating gains
     --       --       --       41,200       --       41,200  
Operating income (loss)
     1,081       3,599       --       46,560       (3,494 )     47,746  
Net income (loss) attributable to the Company
     709       412       --       29,959       (4,499 )     26,581  
 
 
Selected balance sheet data as of June 30, 2013 and December 31, 2012 (in thousands):
                                                 
2013
                                    
   
 
Casino Operations
                    
   
Nevada
    
Midwest
    
 
Gulf
Coast
    
Development/ Management
    
Corporate
    
Consolidated
  
                                     
Total assets
   $ 16,705     $ 50,808     $ 71,360     $ 94     $ 22,203     $ 161,170  
Property and equipment, net
     6,974       29,359       46,470       --       41       82,844  
Goodwill
     5,809       1,647       14,671       --       --       22,127  
Liabilities
     2,185       5,243       2,783       --       68,722       78,933  
 
                                     
2012
                                    
   
 
Casino Operations
                    
   
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