Quarterly report pursuant to Section 13 or 15(d)

SEGMENT REPORTING

v2.4.0.8
SEGMENT REPORTING
 9 Months Ended
Sep. 30, 2013
Segment Reporting [Abstract]  
SEGMENT REPORTING
9.            SEGMENT REPORTING
 
The following tables reflect selected information for our reporting segments for the three and nine months ended September 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 September 30 (in thousands):
                                     
2013
  
   
 
Casino Operations
                    
   
 
Nevada
    
 
Midwest
    
 
Gulf
Coast
    
Development/
Management
    
Corporate
    
Consolidated
  
                                     
Revenues
   $ 7,164     $ 17,001     $ 12,964     $ 313     $ --     $ 37,442  
Selling, general and administrative expense
     1,477       4,316       4,434       --       1,006       11,233  
Depreciation and amortization
     172       749       1,573       --       4       2,498  
Impairment loss
     (4,000 )     --       --       --       --       (4,000 )
Operating (loss) income
     (1,834 )     359       971       291       (1,011 )     (1,224 )
Net (loss) income attributable to the Company
     (1,211 )     745       639       (451 )     (1,873 )     (2,151 )
                                     
2012
  
   
 
Casino Operations
                    
   
 
Nevada
    
 
Midwest
    
 
Gulf
Coast
    
Development/
Management
    
Corporate
    
Consolidated
  
                                     
Revenues
   $ 7,443     $ 22,252     $ --     $ 439     $ --     $ 30,134  
Selling, general and administrative expense
     1,525       5,084       --       --       1,282       7,891  
Depreciation and amortization
     218       1,128       --       --       2       1,348  
Operating income (loss)
     2,382       1,593       --       426       (1,376 )     3,025  
Net income (loss) attributable to the Company
     1,573       1,501       --       (34 )     (955 )     2,085  
 
 
Selected statement of operations data for the nine months ended September 30 (in thousands):
                                     
2013
  
   
 
Casino Operations
                    
   
 
Nevada
    
 
Midwest
    
 
Gulf
Coast
   
Development/
Management
    
Corporate
    
Consolidated
  
                                     
Revenues
   $ 17,692     $ 54,413     $ 40,044     $ 1,123     $ --     $ 113,272  
Selling, general and administrative expense
     4,474       13,090       13,729       --       4,280       35,573  
Depreciation and amortization
     529       2,222       4,146       --       9       6,906  
Impairment loss
     (4,000 )     --       --       --       --       (4,000 )
Operating income (loss)
     74       3,358       3,708       1,062       (4,289 )     3,913  
Net income (loss) attributable to the Company
     49       2,382       2,429       46       (6,523 )     (1,617 )
                                     
2012
  
   
 
Casino Operations
                    
   
 
Nevada
    
 
Midwest
    
 
Gulf
Coast
   
Development/
Management
    
Corporate
    
Consolidated
  
                                     
Revenues
   $ 17,508     $ 67,144     $ --     $ 6,648     $ --     $ 91,300  
Selling, general and administrative expense
     4,662       14,747       --       136       4,619       24,164  
Depreciation and amortization
     707       3,430       --       593       6       4,736  
Gain on sale of joint venture
     --       --       --       41,200       --       41,200  
Operating income (loss)
     3,463       5,191       --       46,986       (4,869 )     50,771  
Net income (loss) attributable to the Company
     2,282       1,913       --       29,925       (5,454 )     28,666  
 
 
Selected balance sheet data as of September 30, 2013 and December 31, 2012 (in thousands):
                                     
2013
  
   
 
Casino Operations
                    
   
Nevada
    
Midwest
    
 
Gulf
Coast
   
Development/
Management
    
Corporate
    
Consolidated
  
                                     
Total assets
   $ 13,143     $ 49,565     $ 70,198     $ 59     $ 23,842     $ 156,807  
Property and equipment, net
     7,274       29,001       45,601       --       39       81,915  
Goodwill
     1,809       1,647       14,671       --       --       18,127  
Liabilities
     2,191       4,608       2,462       --       67,424       76,685  
 
                                     
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