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Note 9 - Segment Information (Tables) | 3 Months Ended
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Mar. 31, 2024
Notes Tables |
Reconciliation of Revenue from Segments to Consolidated [Table Text Block] |
|  | Three Months Ended March 31, 2024 |
|  |  |  |  |  | Food & |  |  |  |  |  |  |  |  |  |  | Management |  |  |  |  |  |  |  |  |
|  | Gaming |  |  | Beverage |  |  | Room |  |  | Online |  |  | Fee |  |  | Other |  |  | Total |
(In thousands) |  | Revenue |  |  | Revenue |  |  | Revenue |  |  | Revenue |  |  | Revenue |  |  | Revenue |  |  | Revenue |
Revenues |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Las Vegas Locals |  | $ | 161,456 |  |  | $ | 22,422 |  |  | $ | 25,756 |  |  | $ | — |  |  | $ | — |  |  | $ | 15,988 |  |  | $ | 225,622 |
Downtown Las Vegas |  |  | 33,721 |  |  |  | 10,415 |  |  |  | 6,568 |  |  |  | — |  |  |  | — |  |  |  | 2,827 |  |  |  | 53,531 |
Midwest & South |  |  | 428,241 |  |  |  | 39,802 |  |  |  | 16,623 |  |  |  | — |  |  |  | — |  |  |  | 16,100 |  |  |  | 500,766 |
Online |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 146,170 |  |  |  | — |  |  |  | — |  |  |  | 146,170 |
Managed & Other |  |  | 10,713 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 22,245 |  |  |  | 1,474 |  |  |  | 34,432 |
Total Revenues |  | $ | 634,131 |  |  | $ | 72,639 |  |  | $ | 48,947 |  |  | $ | 146,170 |  |  | $ | 22,245 |  |  | $ | 36,389 |  |  | $ | 960,521 |
|  | Three Months Ended March 31, 2023 |
|  |  |  |  |  | Food & |  |  |  |  |  |  |  |  |  |  | Management |  |  |  |  |  |  |  |  |
|  | Gaming |  |  | Beverage |  |  | Room |  |  | Online |  |  | Fee |  |  | Other |  |  | Total |
(In thousands) |  | Revenue |  |  | Revenue |  |  | Revenue |  |  | Revenue |  |  | Revenue |  |  | Revenue |  |  | Revenue |
Revenues |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Las Vegas Locals |  | $ | 176,321 |  |  | $ | 22,763 |  |  | $ | 25,381 |  |  | $ | — |  |  | $ | — |  |  | $ | 15,805 |  |  | $ | 240,270 |
Downtown Las Vegas |  |  | 36,417 |  |  |  | 10,497 |  |  |  | 6,849 |  |  |  | — |  |  |  | — |  |  |  | 2,794 |  |  |  | 56,557 |
Midwest & South |  |  | 440,085 |  |  |  | 38,324 |  |  |  | 17,835 |  |  |  | — |  |  |  | — |  |  |  | 15,929 |  |  |  | 512,173 |
Online |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 122,863 |  |  |  | — |  |  |  | — |  |  |  | 122,863 |
Managed & Other |  |  | 11,485 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 20,030 |  |  |  | 588 |  |  |  | 32,103 |
Total Revenues |  | $ | 664,308 |  |  | $ | 71,584 |  |  | $ | 50,065 |  |  | $ | 122,863 |  |  | $ | 20,030 |  |  | $ | 35,116 |  |  | $ | 963,966 |
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block] |
|  | Three Months Ended |
|  | March 31, |
(In thousands) |  | 2024 |  |  | 2023 |
Adjusted EBITDAR |  |  |  |  |  |  |  |
Las Vegas Locals |  | $ | 110,438 |  |  | $ | 126,160 |
Downtown Las Vegas |  |  | 17,815 |  |  |  | 22,367 |
Midwest & South |  |  | 180,994 |  |  |  | 198,684 |
Online |  |  | 20,476 |  |  |  | 20,623 |
Managed & Other |  |  | 24,781 |  |  |  | 21,551 |
Corporate expense |  |  | (24,018 | ) |  |  | (22,239 | )
Adjusted EBITDAR |  |  | 330,486 |  |  |  | 367,146 |
Other operating costs and expenses |  |  |  |  |  |  |  |
Deferred rent |  |  | 161 |  |  |  | 177 |
Master lease rent expense |  |  | 27,235 |  |  |  | 26,828 |
Depreciation and amortization |  |  | 62,913 |  |  |  | 61,560 |
Share-based compensation expense |  |  | 6,860 |  |  |  | 7,819 |
Project development, preopening and writedowns |  |  | 3,021 |  |  |  | (18,874 | )
Impairment of assets |  |  | 10,500 |  |  |  | 4,537 |
Other operating items, net |  |  | 411 |  |  |  | 220 |
Total other operating costs and expenses |  |  | 111,101 |  |  |  | 82,267 |
Operating income |  |  | 219,385 |  |  |  | 284,879 |
Other expense (income) |  |  |  |  |  |  |  |
Interest income |  |  | (446 | ) |  |  | (18,145 | )
Interest expense, net of amounts capitalized |  |  | 42,309 |  |  |  | 43,866 |
Other, net |  |  | 50 |  |  |  | 104 |
Total other expense, net |  |  | 41,913 |  |  |  | 25,825 |
Income before income taxes |  |  | 177,472 |  |  |  | 259,054 |
Income tax provision |  |  | (40,999 | ) |  |  | (59,323 | )
Net income |  | $ | 136,473 |  |  | $ | 199,731 |
Reconciliation of Assets from Segment to Consolidated [Table Text Block] |
|  | March 31, |  |  | December 31, |
(In thousands) |  | 2024 |  |  | 2023 |
Assets |  |  |  |  |  |  |  |
Las Vegas Locals |  | $ | 1,629,101 |  |  | $ | 1,634,732 |
Downtown Las Vegas |  |  | 294,215 |  |  |  | 295,494 |
Midwest & South |  |  | 3,786,375 |  |  |  | 3,805,301 |
Online |  |  | 148,689 |  |  |  | 155,356 |
Managed & Other |  |  | 121,610 |  |  |  | 124,161 |
Corporate |  |  | 247,902 |  |  |  | 258,082 |
Total Assets |  | $ | 6,227,892 |  |  | $ | 6,273,126 |

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