Quarterly report pursuant to Section 13 or 15(d)

SEGMENT REPORTING AND DISAGGREGATED REVENUE (Tables)

v3.21.2
SEGMENT REPORTING AND DISAGGREGATED REVENUE (Tables)
9 Months Ended
Sep. 30, 2021
SEGMENT REPORTING AND DISAGGREGATED REVENUE  
Schedule of Total Revenues By Segment

The following tables present the Company’s segment information:

(In thousands)

Three Months Ended September 30, 2021

Contracted

Sports

Mississippi

Indiana

Colorado

Nevada

Wagering

Total

Revenues

Casino

$

14,578

$

7,906

$

5,288

$

4,734

$

$

32,506

Food and beverage

 

5,156

 

891

 

740

 

305

 

 

7,092

Hotel

 

1,248

 

990

 

231

 

 

 

2,469

Other operations, including contracted sports wagering

 

556

 

2,799

 

81

 

93

 

1,642

 

5,171

$

21,538

$

12,586

$

6,340

$

5,132

$

1,642

$

47,238

Adjusted Segment EBITDA

$

6,485

$

3,816

$

1,543

$

1,537

$

1,645

$

15,026

Other operating costs and expenses:

Depreciation and amortization

 

(1,819)

Corporate expenses

 

(1,427)

Project development costs

 

(318)

Preopening costs

(17)

Loss on disposal of assets, net

(2)

Stock-based compensation

(324)

Operating income

 

11,119

Other expense:

Interest expense, net

 

(6,405)

Income before income taxes

4,714

Income tax provision

 

95

Net income

$

4,619

(In thousands)

Three Months Ended September 30, 2020

Contracted

Sports

Mississippi

Indiana

Colorado

Nevada

Wagering

Total

Revenues

Casino

$

13,972

$

7,204

$

6,866

$

3,868

$

$

31,910

Food and beverage

 

4,231

 

711

 

505

 

165

 

 

5,612

Hotel

 

1,303

 

1,034

 

174

 

 

 

2,511

Other operations, including contracted sports wagering

 

460

 

616

 

88

 

80

 

679

 

1,923

$

19,966

$

9,565

$

7,633

$

4,113

$

679

$

41,956

Adjusted Segment EBITDA

$

6,495

$

2,082

$

3,116

$

1,032

$

631

$

13,356

Other operating costs and expenses:

Depreciation and amortization

 

(1,848)

Corporate expenses

(870)

Project development costs

 

(108)

Stock-based compensation

 

(121)

Operating income

 

10,409

Other expenses:

Interest expense, net

 

(2,391)

Adjustment to fair value of warrants

(403)

(2,794)

Income before income taxes

7,615

Income tax benefit

 

(93)

Net income

$

7,708

(In thousands)

Nine Months Ended September 30, 2021

Contracted

Sports

Mississippi

Indiana

Colorado

Nevada

Wagering

Total

Revenues

Casino

$

47,489

$

22,507

$

16,127

$

13,094

$

$

99,217

Food and beverage

 

15,411

 

2,577

 

1,777

 

868

 

 

20,633

Hotel

 

3,687

 

3,040

 

463

 

 

 

7,190

Other operations, including contracted sports wagering

 

1,546

 

3,629

 

259

 

254

 

4,160

 

9,848

$

68,133

$

31,753

$

18,626

$

14,216

$

4,160

$

136,888

Adjusted Segment EBITDA

$

23,097

$

7,615

$

5,092

$

4,173

$

4,122

$

44,099

Other operating costs and expenses:

Depreciation and amortization

 

(5,448)

Corporate expenses

(4,803)

Project development costs

 

(491)

Preopening costs

(17)

Loss on disposal of assets, net

(674)

Stock-based compensation

 

(647)

Operating income

 

32,019

Other expenses:

Interest expense, net

 

(17,531)

Loss on extinguishment of debt

 

(6,104)

Adjustment to fair value of warrants

(1,347)

(24,982)

Income before income taxes

7,037

Income tax provision

 

379

Net income

$

6,658

(In thousands)

Nine Months Ended September 30, 2020

Contracted

Sports

Mississippi

Indiana

Colorado

Nevada

Wagering

Total

Revenues

Casino

$

29,688

$

14,055

$

12,357

$

7,516

$

$

63,616

Food and beverage

 

10,666

 

1,956

 

1,360

 

614

 

 

14,596

Hotel

 

2,833

 

2,010

 

361

 

 

 

5,204

Other operations, including contracted sports wagering

 

994

 

998

 

170

 

177

 

1,565

 

3,904

$

44,181

$

19,019

$

14,248

$

8,307

$

1,565

$

87,320

Adjusted Segment EBITDA

$

9,526

$

(769)

$

2,448

$

79

$

1,467

$

12,751

Other operating costs and expenses:

Depreciation and amortization

(5,868)

Corporate expenses

(2,899)

Project development costs

 

(423)

Loss on disposal of assets, net

(439)

Stock-based compensation

 

(307)

Operating income

 

2,815

Other (expense) income:

Interest expense, net

 

(7,329)

Adjustment to fair value of warrants

1,159

(6,170)

Loss before income taxes

(3,355)

Income tax benefit

 

(2)

Net loss

$

(3,353)

Schedule of Total Assets By Segment

(In thousands)

September 30, 

December 31, 

    

2021

    

2020

Total Assets

Mississippi

$

87,371

$

83,809

Indiana

 

37,447

 

37,798

Colorado

 

242,068

 

44,961

Nevada

 

14,004

 

13,248

Contracted Sports Wagering

1,084

1,329

Corporate and Other

 

88,118

 

31,471

$

470,092

$

212,616