| Schedule of Selected Statement of Operations Data |
The following tables present the Company's segment information:
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(In thousands, unaudited) |
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For the Three Months Ended,
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For the Nine Months Ended, |
|
September 30,
2017 |
|
September 30,
2016 |
|
September 30,
2017 |
|
September 30,
2016 |
Net Revenues |
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|
|
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Silver Slipper Casino and Hotel |
$ |
16,425 |
|
|
$ |
14,987 |
|
|
$ |
49,520 |
|
|
$ |
44,326 |
|
Rising Star Casino Resort |
12,698 |
|
|
12,553 |
|
|
37,498 |
|
|
36,852 |
|
Bronco Billy's Hotel and Casino |
7,505 |
|
|
7,092 |
|
|
20,140 |
|
|
10,427 |
|
Northern Nevada Casinos |
7,098 |
|
|
6,629 |
|
|
16,309 |
|
|
16,199 |
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|
$ |
43,726 |
|
|
$ |
41,261 |
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|
$ |
123,467 |
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|
$ |
107,804 |
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Adjusted Property EBITDA |
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Silver Slipper Casino and Hotel |
$ |
3,054 |
|
|
$ |
2,304 |
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|
$ |
9,013 |
|
|
$ |
7,335 |
|
Rising Star Casino Resort |
728 |
|
|
751 |
|
|
2,671 |
|
|
2,483 |
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Bronco Billy's Hotel and Casino |
1,769 |
|
|
1,610 |
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|
4,092 |
|
|
2,698 |
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Northern Nevada Casinos |
1,892 |
|
|
1,864 |
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|
2,391 |
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|
3,256 |
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|
7,443 |
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|
6,529 |
|
|
18,167 |
|
|
15,772 |
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Other operating (expenses) income: |
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|
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|
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Depreciation and amortization |
(2,193 |
) |
|
(2,203 |
) |
|
(6,428 |
) |
|
(5,795 |
) |
Corporate expenses |
(1,064 |
) |
|
(889 |
) |
|
(3,518 |
) |
|
(3,165 |
) |
Project development and acquisition costs |
(53 |
) |
|
(130 |
) |
|
(238 |
) |
|
(902 |
) |
Gain (loss) on asset disposals, net |
(12 |
) |
|
(309 |
) |
|
2 |
|
|
(309 |
) |
Share-based compensation |
(128 |
) |
|
(95 |
) |
|
(397 |
) |
|
(315 |
) |
Operating income |
3,993 |
|
|
2,903 |
|
|
7,588 |
|
|
5,286 |
|
Other (expense) income: |
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Interest expense |
(2,718 |
) |
|
(2,748 |
) |
|
(8,102 |
) |
|
(6,740 |
) |
Debt modification costs |
— |
|
|
(24 |
) |
|
— |
|
|
(624 |
) |
Adjustment to fair value of warrants |
(302 |
) |
|
181 |
|
|
(272 |
) |
|
(60 |
) |
|
(3,020 |
) |
|
(2,591 |
) |
|
(8,374 |
) |
|
(7,424 |
) |
Income (loss) before income taxes |
973 |
|
|
312 |
|
|
(786 |
) |
|
(2,138 |
) |
Provision for income taxes |
184 |
|
|
177 |
|
|
552 |
|
|
458 |
|
Net income (loss) |
$ |
789 |
|
|
$ |
135 |
|
|
$ |
(1,338 |
) |
|
$ |
(2,596 |
) |
|
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(In thousands) |
|
|
|
|
September 30,
2017 |
|
December 31,
2016 |
|
(unaudited) |
|
|
Total Assets |
|
|
|
Silver Slipper Casino and Hotel |
$ |
80,830 |
|
|
$ |
79,975 |
|
Rising Star Casino Resort |
37,066 |
|
|
36,444 |
|
Bronco Billy's Hotel and Casino |
35,777 |
|
|
36,732 |
|
Northern Nevada Casinos |
13,234 |
|
|
12,722 |
|
Corporate and Other |
10,493 |
|
|
11,333 |
|
|
$ |
177,400 |
|
|
$ |
177,206 |
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