Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)

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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenues    
Casino [1] $ 26,970 $ 35,906
Food and beverage [1] 7,939 7,898
Hotel [1] 2,283 2,079
Other operations 739 774
Gross revenues 37,931 46,657
Less promotional allowances [1] 0 (7,037)
Net revenues 37,931 39,620
Operating costs and expenses    
Casino [1] 11,084 18,580
Food and beverage [1] 9,126 2,973
Hotel [1] 2,487 202
Other operations [1] 514 280
Selling, general and administrative 11,962 13,084
Project development and acquisition costs 37 131
Depreciation and amortization 2,168 2,097
Loss on disposal of assets, net 10 13
Total operating costs and expenses 37,388 37,360
Operating income 543 2,260
Other (expense) income    
Interest expense, net of $45 capitalized in 2018 (2,540) (2,678)
Loss on extinguishment of debt (2,673) 0
Adjustment to fair value of warrants 503 0
Total other (expense) income (4,710) (2,678)
Loss before income taxes (4,167) (418)
Provision for income taxes 119 184
Net loss $ (4,286) $ (602)
Basic loss per share (in dollars per share) $ (0.18) $ (0.03)
Diluted loss per share (in dollars per share) $ (0.20) $ (0.03)
[1] On January 1, 2018, the Company adopted Accounting Standards Codification No. 606, Revenue from Contracts with Customers (“ASC 606”), using the modified retrospective method, which impacts the comparability of these line items.