| Schedule of Total Revenues By Segment |
The following tables present the Company’s segment information:
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(In thousands) |
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Three Months Ended March 31, 2022 |
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Contracted |
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Sports |
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Mississippi |
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Indiana |
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Colorado |
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Nevada |
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Wagering |
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Total |
Revenues |
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Casino |
|
$ |
14,683 |
|
$ |
6,716 |
|
$ |
3,631 |
|
$ |
4,054 |
|
$ |
— |
|
$ |
29,084 |
Food and beverage |
|
|
4,939 |
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|
873 |
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|
420 |
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|
279 |
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|
— |
|
|
6,511 |
Hotel |
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|
1,222 |
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|
822 |
|
|
135 |
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|
— |
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|
— |
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|
2,179 |
Other operations, including
contracted sports wagering |
|
|
469 |
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|
225 |
|
|
47 |
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|
78 |
|
|
2,830 |
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|
3,649 |
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|
$ |
21,313 |
|
$ |
8,636 |
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$ |
4,233 |
|
$ |
4,411 |
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$ |
2,830 |
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$ |
41,423 |
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Adjusted Segment EBITDA |
|
$ |
5,950 |
|
$ |
1,138 |
|
$ |
(319) |
|
$ |
828 |
|
$ |
2,767 |
|
$ |
10,364 |
Other operating expenses: |
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Depreciation and amortization |
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(1,792) |
Corporate expenses |
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(1,967) |
Project development costs |
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(165) |
Preopening costs |
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(786) |
Loss on disposal of assets, net |
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(8) |
Stock-based compensation |
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(343) |
Operating income |
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5,303 |
Other expenses: |
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Interest expense, net |
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(6,399) |
Loss on modification of debt |
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(4,406) |
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(10,805) |
Loss before income taxes |
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(5,502) |
Income tax benefit |
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(5,612) |
Net income |
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$ |
110 |
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(In thousands) |
|
Three Months Ended March 31, 2021 |
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Contracted |
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Sports |
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Mississippi |
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Indiana |
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Colorado |
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Nevada |
|
Wagering |
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Total |
Revenues |
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Casino |
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$ |
16,040 |
|
$ |
6,715 |
|
$ |
5,264 |
|
$ |
4,045 |
|
$ |
— |
|
$ |
32,064 |
Food and beverage |
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|
4,693 |
|
|
748 |
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|
413 |
|
|
247 |
|
|
— |
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|
6,101 |
Hotel |
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|
1,170 |
|
|
919 |
|
|
122 |
|
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— |
|
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— |
|
|
2,211 |
Other operations,
including contracted sports wagering |
|
|
453 |
|
|
208 |
|
|
106 |
|
|
76 |
|
|
989 |
|
|
1,832 |
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|
$ |
22,356 |
|
$ |
8,590 |
|
$ |
5,905 |
|
$ |
4,368 |
|
$ |
989 |
|
$ |
42,208 |
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Adjusted Segment EBITDA |
|
$ |
7,630 |
|
$ |
1,134 |
|
$ |
1,710 |
|
$ |
1,224 |
|
$ |
976 |
|
$ |
12,674 |
Other operating expenses: |
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Depreciation and amortization |
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|
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|
(1,800) |
Corporate expenses |
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|
|
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|
|
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|
|
|
|
|
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(1,905) |
Project development costs |
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|
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|
(47) |
Loss on disposal of assets, net |
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(104) |
Stock-based compensation |
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(124) |
Operating income |
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|
8,694 |
Other expenses: |
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Interest expense, net |
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(4,456) |
Loss on extinguishment of debt |
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(6,134) |
Adjustment to fair value of warrants |
|
|
|
|
|
|
|
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|
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|
|
|
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(1,347) |
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(11,937) |
Loss before income taxes |
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(3,243) |
Income tax provision |
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|
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|
|
|
|
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|
|
202 |
Net loss |
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|
$ |
(3,445) |
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| Schedule of Total Assets By Segment |
|
|
|
|
|
|
|
(In thousands) |
|
March 31, |
|
December 31, |
|
|
2022 |
|
2021 |
Total Assets |
|
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|
|
|
|
Mississippi |
|
$ |
78,465 |
|
$ |
85,838 |
Indiana |
|
|
32,414 |
|
|
34,857 |
Colorado |
|
|
308,475 |
|
|
258,436 |
Nevada |
|
|
11,810 |
|
|
13,091 |
Contracted Sports Wagering |
|
|
3,410 |
|
|
2,168 |
Corporate and Other(1) |
|
|
129,956 |
|
|
79,452 |
|
|
$ |
564,530 |
|
$ |
473,842 |
__________
(1)Includes $15.3 million related to American Place, which is expected to open in Fall 2022.
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