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 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues        
Gross revenues $ 44,028 $ 51,411 $ 123,186 $ 145,435
Less promotional allowances [1] 0 (7,685) 0 (21,968)
Net revenues 44,028 43,726 123,186 123,467
Operating costs and expenses        
Selling, general and administrative [1] 11,769 13,076 36,193 39,902
Preopening costs 140 0 140 0
Project development and acquisition costs 390 53 557 238
Depreciation and amortization 2,094 2,193 6,300 6,428
Loss (gain) on disposal of assets, net 0 12 79 (2)
Total operating costs and expenses 40,294 39,733 116,906 115,879
Operating income 3,734 3,993 6,280 7,588
Other (expense) income        
Interest expense, net of $112 and $77 capitalized for the three-months ended September 30, 2018 and 2017, and $328 and $77 capitalized for the nine-months ended September 30, 2018 and 2017 (2,513) (2,718) (7,519) (8,102)
Loss on extinguishment of debt 0 0 (2,673) 0
Adjustment to fair value of warrants 463 (302) 886 (272)
Total other (expense) income (2,050) (3,020) (9,306) (8,374)
Income (loss) before income taxes 1,684 973 (3,026) (786)
Provision for income taxes 119 184 356 552
Net income (loss) $ 1,565 $ 789 $ (3,382) $ (1,338)
Basic earnings (loss) per share (in dollars per share) $ 0.06 $ 0.03 $ (0.13) $ (0.06)
Diluted earnings (loss) per share (in dollars per share) $ 0.04 $ 0.03 $ (0.16) $ (0.06)
Casino        
Revenues        
Gross revenues [1] $ 30,767 $ 39,009 $ 86,369 $ 110,702
Net revenues [1] 30,767   86,369  
Operating costs and expenses        
Costs and expenses [1] 11,934 20,102 34,300 57,556
Food and beverage        
Revenues        
Gross revenues [1] 9,371 8,760 26,093 24,759
Net revenues [1] 9,371   26,093  
Operating costs and expenses        
Costs and expenses [1] 10,301 3,466 29,184 9,598
Hotel        
Revenues        
Gross revenues [1] 2,583 2,408 7,448 6,724
Net revenues [1] 2,583   7,448  
Operating costs and expenses        
Costs and expenses [1] 2,708 348 7,847 826
Other operations        
Revenues        
Gross revenues 1,307 1,234 3,276 3,250
Net revenues 1,307   3,276  
Operating costs and expenses        
Costs and expenses [1] $ 958 $ 483 $ 2,306 $ 1,333
[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.