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Note 9 - Segment Information (Tables)

9 Months Ended

Sep. 30, 2022

Notes Tables

Reconciliation of Revenue from Segments to Consolidated [Table Text Block]

		*Three Months Ended September 30, 2022*
						*Food &*
		*Gaming*				*Beverage*				*Room*				*Other*				*Total*
*(In thousands)*		*Revenue*				*Revenue*				*Revenue*				*Revenue*				*Revenue*
Revenues
Las Vegas Locals		$	172,263			$	21,120			$	19,982			$	12,426			$	225,791
Downtown Las Vegas			31,872				9,583				5,552				2,500				49,507
Midwest & South			463,840				37,089				21,138				79,898				601,965
Total Revenues		$	667,975			$	67,792			$	46,672			$	94,824			$	877,263

		*Three Months Ended September 30, 2021*
						*Food &*
		*Gaming*				*Beverage*				*Room*				*Other*				*Total*
*(In thousands)*		*Revenue*				*Revenue*				*Revenue*				*Revenue*				*Revenue*
Revenues
Las Vegas Locals		$	179,441			$	20,412			$	20,176			$	11,235			$	231,264
Downtown Las Vegas			28,132				7,343				4,000				2,662				42,137
Midwest & South			466,654				33,346				20,141				49,518				569,659
Total Revenues		$	674,227			$	61,101			$	44,317			$	63,415			$	843,060

		*Nine Months Ended September 30, 2022*
						*Food &*
		*Gaming*				*Beverage*				*Room*				*Other*				*Total*
*(In thousands)*		*Revenue*				*Revenue*				*Revenue*				*Revenue*				*Revenue*
Revenues
Las Vegas Locals		$	522,728			$	64,257			$	62,528			$	40,301			$	689,814
Downtown Las Vegas			99,249				29,865				17,152				6,624				152,890
Midwest & South			1,398,877				107,712				59,305				223,858				1,789,752
Total Revenues		$	2,020,854			$	201,834			$	138,985			$	270,783			$	2,632,456

		*Nine Months Ended September 30, 2021*
						*Food &*
		*Gaming*				*Beverage*				*Room*				*Other*				*Total*
*(In thousands)*		*Revenue*				*Revenue*				*Revenue*				*Revenue*				*Revenue*
Revenues
Las Vegas Locals		$	516,174			$	52,959			$	49,344			$	31,305			$	649,782
Downtown Las Vegas			70,168				17,657				9,269				5,256				102,350
Midwest & South			1,433,273				92,025				50,771				161,768				1,737,837
Total Revenues		$	2,019,615			$	162,641			$	109,384			$	198,329			$	2,489,969

Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block]

		*Three Months Ended*								*Nine Months Ended*
		*September 30,*								*September 30,*
*(In thousands)*		*2022*				*2021*				*2022*				*2021*
Adjusted EBITDAR
Las Vegas Locals		$	111,733			$	125,360			$	355,762			$	349,572
Downtown Las Vegas			17,704				13,222				58,216				31,083
Midwest & South			230,195				222,058				682,725				700,199
Corporate expense			(21,934	)			(19,943	)			(66,296	)			(62,165	)
Adjusted EBITDAR			337,698				340,697				1,030,407				1,018,689
Other operating costs and expenses
Deferred rent			192				207				576				621
Master lease rent expense			26,828				26,306				79,788				78,396
Depreciation and amortization			64,956				67,586				194,191				199,332
Share-based compensation expense			5,653				9,783				28,486				28,307
Project development, preopening and writedowns			9,645				10,646				528				13,515
Impairment of assets			5,575				—				5,575				—
Other operating items, net			(12,610	)			3,023				(12,324	)			15,295
Total other operating costs and expenses			100,239				117,551				296,820				335,466
Operating income			237,459				223,146				733,587				683,223
Other expense (income)
Interest income			(2,073	)			(442	)			(2,976	)			(1,406	)
Interest expense, net of amounts capitalized			36,001				45,171				110,125				158,192
Loss on early extinguishments and modifications of debt			—				42				19,809				65,517
Other, net			170				119				3,667				2,288
Total other expense, net			34,098				44,890				130,625				224,591
Income before income taxes			203,361				178,256				602,962				458,632
Income tax provision			(46,359	)			(40,082	)			(136,269	)			(104,568	)
Net income		$	157,002			$	138,174			$	466,693			$	354,064

Reconciliation of Assets from Segment to Consolidated [Table Text Block]

		*September 30,*				*December 31,*
*(In thousands)*		*2022*				*2021*
Assets
Las Vegas Locals		$	1,604,202			$	1,641,409
Downtown Las Vegas			249,654				228,161
Midwest & South			3,862,883				3,947,076
Total Reportable Segment Assets			5,716,739				5,816,646
Corporate			339,131				407,523
Total Assets		$	6,055,870			$	6,224,169