| SEGMENT REPORTING |
The following tables reflect selected information for our reporting segments for the three months ended March 31,
2012 and 2011. The casino operation segments include the Rising Star Casino Resort’s operation in Rising Sun, Indiana, the Grand Lodge Casino operation in Lake Tahoe, Nevada and Stockman’s Casino 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 and the Michigan and Delaware joint
ventures. The Corporate segment includes our general and administrative expenses.
Selected statement of operations data for
the three months ended March 31:
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Casino
Operations
Nevada |
|
|
Casino
Operations
Mid-west
|
|
|
Development/
Management |
|
|
Corporate |
|
|
Consolidated |
|
|
2012
|
|
|
|
|
|
|
|
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|
|
|
|
|
|
|
|
Revenues
|
|
$ |
4,886,253 |
|
|
$ |
22,630,217 |
|
|
$ |
5,809,870 |
|
|
$ |
— |
|
|
$ |
33,326,340 |
|
|
Selling, general and administrative expense
|
|
|
1,567,543 |
|
|
|
5,017,010 |
|
|
|
136,386 |
|
|
|
1,839,689 |
|
|
|
8,560,628 |
|
|
Depreciation and amortization
|
|
|
241,691 |
|
|
|
1,028,166 |
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|
|
593,052 |
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|
|
2,386 |
|
|
|
1,865,295 |
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|
Operating gains
|
|
|
— |
|
|
|
— |
|
|
|
40,762,005 |
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|
|
— |
|
|
|
40,762,005 |
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Operating income (loss)
|
|
|
357,886 |
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|
|
2,062,303 |
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|
|
45,811,271 |
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|
(1,907,959 |
) |
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|
46,323,501 |
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Net income (loss) attributable to Company
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|
|
233,636 |
|
|
|
(1,037,974 |
) |
|
|
30,108,806 |
|
|
|
(3,456,135 |
) |
|
|
25,848,333 |
|
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|
|
|
|
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|
Casino
Operations
Nevada |
|
|
Casino
Operations
Mid-west
|
|
|
Development/
Management |
|
|
Corporate |
|
|
Consolidated |
|
|
2011
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Revenues
|
|
$ |
1,979,985 |
|
|
$ |
— |
|
|
$ |
6,364,242 |
|
|
$ |
— |
|
|
$ |
8,344,227 |
|
|
Selling, general and administrative expense
|
|
|
461,963 |
|
|
|
— |
|
|
|
152,240 |
|
|
|
1,039,505 |
|
|
|
1,653,708 |
|
|
Depreciation and amortization
|
|
|
238,815 |
|
|
|
— |
|
|
|
593,196 |
|
|
|
19,733 |
|
|
|
851,744 |
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Operating gains
|
|
|
— |
|
|
|
— |
|
|
|
1,519,897 |
|
|
|
— |
|
|
|
1,519,897 |
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Operating income (loss)
|
|
|
283,978 |
|
|
|
— |
|
|
|
7,138,702 |
|
|
|
(1,591,046 |
) |
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|
5,831,634 |
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Net income (loss) attributable to Company
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|
187,507 |
|
|
|
— |
|
|
|
2,608,873 |
|
|
|
(1,188,936 |
) |
|
|
1,607,444 |
|
Selected balance sheet
data as of March 31, 2012 and December 31, 2011:
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|
Casino
Operations
Nevada
|
|
|
Casino
Operations
Mid-west
|
|
|
Development/
Management |
|
|
Corporate |
|
|
Consolidated |
|
|
2012
|
|
|
|
|
|
|
|
|
|
|
|
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Total assets
|
|
$ |
17,317,864 |
|
|
$ |
54,765,451 |
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|
$ |
5,009 |
|
|
$ |
34,066,023 |
|
|
$ |
106,154,347 |
|
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Property and equipment, net
|
|
|
7,216,895 |
|
|
|
31,377,574 |
|
|
|
— |
|
|
|
20,354 |
|
|
|
38,614,823 |
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Goodwill
|
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|
5,808,520 |
|
|
|
1,647,198 |
|
|
|
— |
|
|
|
— |
|
|
|
7,455,718 |
|
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Liabilities
|
|
|
3,079,200 |
|
|
|
9,825,693 |
|
|
|
— |
|
|
|
15,051,555 |
|
|
|
27,956,448 |
|
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|
|
|
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Casino
Operations
Nevada |
|
|
Casino
Operations
Mid-west
|
|
|
Development/
Management
|
|
|
Corporate |
|
|
Consolidated |
|
|
2011
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Total assets
|
|
$ |
18,488,888 |
|
|
$ |
54,923,492 |
|
|
$ |
13,192,504 |
|
|
$ |
8,013,057 |
|
|
$ |
94,617,941 |
|
|
Property and equipment, net
|
|
|
7,350,840 |
|
|
|
31,296,224 |
|
|
|
— |
|
|
|
21,219 |
|
|
|
38,668,283 |
|
|
Goodwill
|
|
|
5,808,520 |
|
|
|
1,647,198 |
|
|
|
— |
|
|
|
— |
|
|
|
7,455,718 |
|
|
Liabilities
|
|
|
4,604,218 |
|
|
|
9,649,198 |
|
|
|
102,709 |
|
|
|
24,816,772 |
|
|
|
39,172,897 |
|
|