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3. ACCOUNTS RECEIVABLE
Accounts receivable, net, consists of the following:
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(In thousands) |
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June 30, |
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December 31, |
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2022 |
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2021 |
Casino |
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$ |
511 |
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$ |
398 |
Hotel |
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24 |
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70 |
Trade Accounts |
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473 |
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821 |
Other Operations, excluding Contracted Sports Wagering(1) |
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2,315 |
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|
190 |
Contracted Sports Wagering |
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4,530 |
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2,261 |
Other |
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1,301 |
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1,210 |
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9,154 |
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4,950 |
Less: Reserves |
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(265) |
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(257) |
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$ |
8,889 |
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$ |
4,693 |
_________
(1) |
Includes the sale of “free play” at Rising Star for $2.1 million in May 2022, with such amount expected to be received in the third quarter of 2022. Because Indiana has a progressive gaming tax system and Rising Star is one of the smaller casinos in the state, the property has consistently sold its ability to deduct “free play” in computing gaming taxes to operators in higher tax tiers (though not sold until the third quarter in 2021). |
Management believes that, as of June 30, 2022, no significant concentrations of credit risk existed for which a reserve had not already been recorded.
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